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Central Banks & Big Players

  • #4,301
  • Aug 27, 2010 2:11am Aug 27, 2010 2:11am
epic loss
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Invest in alarm clocks
  • #4,302
  • Aug 27, 2010 2:19am Aug 27, 2010 2:19am
Long -2
Short -2
  • #4,303
  • Aug 27, 2010 2:23am Aug 27, 2010 2:23am
BE
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  • #4,304
  • Aug 27, 2010 2:26am Aug 27, 2010 2:26am
Hi Tony!
I like your thinking on small Stop Losses.

Entered Short at 1.27005 --> stopped out at Break Even
  • #4,305
  • Aug 27, 2010 9:15am Aug 27, 2010 9:15am
What I usually will try to do is to move my SL to BE ASAP, as per the rules.

If the trade moves a few pips in my direction, I'll move the SL to +1. That way, if I get stopped out, I feel comfortable about re-entering.

I too haven't had a win for a while, but as long as the losses are small and the probability of a win is large, I'm not worried.

Have a nice weekend.
  • #4,306
  • Aug 27, 2010 2:52pm Aug 27, 2010 2:52pm
Quoting pipsearcher
What I usually will try to do is to move my SL to BE ASAP, as per the rules.

If the trade moves a few pips in my direction, I'll move the SL to +1. That way, if I get stopped out, I feel comfortable about re-entering.

I too haven't had a win for a while, but as long as the losses are small and the probability of a win is large, I'm not worried.

Have a nice weekend.
the probability of a win is not very large..maybe one of 20 or 30 is a 100 pip gainer. the task is to keep all losses as small as possible, then the one winner can add 20-40% to the account balance, depending on personal risk.

but you are right, after each loss, the probability of a winner increases.
  • #4,307
  • Aug 27, 2010 8:21pm Aug 27, 2010 8:21pm
I'm going to get wasted downtown! see ya next week for an EPIC WIN hopefully and mostly lots of EPIC FAILS, that's how we'll grow and get stronger. Remember only the stronger survive and the weak fall down. Be safe and hang on tight for the ones that are still around. An update will be coming during this the month of September with will add an extra edge to the system, it's going to be an add-on only that many will appreciate.
Invest in alarm clocks
  • #4,308
  • Aug 28, 2010 3:24am Aug 28, 2010 3:24am
WOWWHAT A night, i threw some much CA$$$$$h OUT THE WINDOW tonight, but it was all worth it, I'm a good dealer since i'm a forex trader. wow;. that's all I<Lll say the world is so smallllllllllllllllll wow i saw an old time friend of mine (girl) what a pleasure I was stunned and so suprised.... because i was barely holding myself on my feet...wow toooo much wine tonight man i have to tell you life is wonderfull i can believe it im having a balll out here ...i spend 600$ tonight wow sick stuff dudes ...i now have to go colapse on the grownd ... yuea prey for me
Invest in alarm clocks
  • #4,309
  • Aug 28, 2010 3:25am Aug 28, 2010 3:25am
shiat
Invest in alarm clocks
  • #4,310
  • Aug 28, 2010 11:06am Aug 28, 2010 11:06am
tony's antics are the best part about this thread.
  • #4,311
  • Aug 28, 2010 9:18pm Aug 28, 2010 9:18pm
fail is part of life in so many aspects, what a bad day

hope there's better days to come
Invest in alarm clocks
  • #4,312
  • Aug 28, 2010 9:25pm Aug 28, 2010 9:25pm
anyways one thing forex thought me is to manage my emotions and stay cool no matter what... a thing that I apply into my personal life as well

it's so easy to lose control and then you lose a lot more ... it applies to everything
Invest in alarm clocks
  • #4,313
  • Aug 29, 2010 10:34pm Aug 29, 2010 10:34pm
10 brand-new FRESH attempts this week, nothing less than 200 pip targets! let's go!
Invest in alarm clocks
  • #4,314
  • Aug 29, 2010 11:24pm Aug 29, 2010 11:24pm
i went and took 2 pips for a free attempt tonight, it feels good when its free
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  • #4,315
  • Aug 30, 2010 1:09am Aug 30, 2010 1:09am
Quoting Tony112
anyways one thing forex thought me is to manage my emotions and stay cool no matter what... a thing that I apply into my personal life as well

it's so easy to lose control and then you lose a lot more ... it applies to everything
Very true! Most trader lost more and more coz trying to win back due to fustration of long steak of losing.. switch off the com and go for a 2 day break
  • #4,316
  • Edited 2:07am Aug 30, 2010 1:18am | Edited 2:07am
there will be an entry despite the bank holiday
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  • #4,317
  • Aug 30, 2010 2:05am Aug 30, 2010 2:05am
WINNER entry floating at 7 pips target 200 pips sl 1 pip
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  • #4,318
  • Aug 30, 2010 2:06am Aug 30, 2010 2:06am
floating at 10 now
Invest in alarm clocks
  • #4,319
  • Aug 30, 2010 2:06am Aug 30, 2010 2:06am
i will check the trade in the morning before posting the discoball too early, i have to go get some sleep

sl is at -1
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  • #4,320
  • Aug 30, 2010 2:22am Aug 30, 2010 2:22am
Quoting Tony112
WINNER entry floating at 7 pips target 200 pips sl 1 pip
I was late 1min!!ahhhh
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