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  • #338,701
  • Dec 3, 2010 8:20am Dec 3, 2010 8:20am
So nfp over , price over lower movements down apparently correcting , & now to see if more highers ones can be taken up too or not by price higher than 3386 & 3420 , if so then 3440 also important & even it breaks then may go correcting the whole wave down till the top again . lets see , not trading any though today , so far .usdchf bear activated I see at the same time .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,702
  • Dec 3, 2010 8:21am Dec 3, 2010 8:21am
Today is not a tradeable day so far (if you're not news trader).
  • #338,703
  • Dec 3, 2010 8:22am Dec 3, 2010 8:22am
Quoting tritom
NFP: made 42 pips long then lost 9 pips short.. today's result: breakeven.. btw trading my first live account five days now. First day: 12% loss; next four days breakeven.
that's quite good. Hope you risk manage m8. My first year was a painful learning curve...
  • #338,704
  • Dec 3, 2010 8:23am Dec 3, 2010 8:23am
Quoting fx111
Today is not a tradeable day so far (if you're not news trader).
today is one of the easiest trading days ever. it was just inevitable the news would be bad. usdx broke support just like that
  • #338,705
  • Dec 3, 2010 8:23am Dec 3, 2010 8:23am
Quoting ukcool
Very good post, its not just in this thread though.
If you go to trading systems and journals threads, you will see many gurus posting win after win. That is kind of a deception, on newbies. Who may spend months trying that system to get the same success and fail.
....especially on forums where editing previous posts leaves not 'traces', so implicitely encouraging some possible faking behaviours.
  • #338,706
  • Dec 3, 2010 8:24am Dec 3, 2010 8:24am
Quoting malcolmb14
the easy trade was the long off 3060 yesteday ,,,,,

http://www.forexfactory.com/showpost...stcount=337955

reality is fx trading IS NOT EASY .... so stop boasting on hoiw great we are everyone. POst your losses as well and those are the ones that get respect and can be learned from . Many have had massive losses last 3 days with bear mind set still in play... be respectful of that and drop the egos...

why is it that this forum has so many billionaires that never have a loss ?
I fully understand what you're saying. That's why I'm not a fan of paper trading; the pressure you feel in a losing trade/the greed you feel in a winning trade just can't be simulated in paper trading. That's a big part of what makes FOREX trading hard.

I learned long ago that large egos are very expensive. My trades today were dumb luck, nothing more. I was completely wrong twice but caught a total of 22 pips.

I've got a lot of losses since trading FOREX again a few weeks ago. However, I'm still ahead quite a bit because I try to cut losses early and let winners run.
I find the most difficult area being the 'gray zone' where it looks like a loss will turn into a winner and a winner will turn into a loser. That's a very hard judgment call for me.

The psychology and money management that you practice are at least as important as your analytical skills.

I'm likely done trading for today. I'll take my 22 pips for today and spend the rest of the day analyzing what I could have done better and prepping for next week.
  • #338,707
  • Dec 3, 2010 8:24am Dec 3, 2010 8:24am
up 193 pips on this currency. Quite happy with that! Lets hope it can keep going up! GBP/JPY giving me a little bit a grief though
  • #338,708
  • Dec 3, 2010 8:24am Dec 3, 2010 8:24am
Quoting kuroro001
That's about an explanation to short it.
Cause i know it works here...if it fails you disappear...if its good you brag about how good you are.
Really sad thread.

I will start doing the same...posting bs posts
sorry mate but , it wasn't my post earlier who posted the short trade , but it was me who replied on you .
go back few posts and check it .
you can be right about the owner of the first post.

any how

you know that I never dissapear.

to me its good area to short because its very close to the trend line already 20-30 pips away .

i guess it cant get simpler than that buddy

and for my side I am short now @ 3361 and if it loses I will post it and say it was in negative .
I SEE YOU !!
  • #338,709
  • Dec 3, 2010 8:24am Dec 3, 2010 8:24am
who's shorting? Guys - don't be silly. Wait for Tuesday's correction, please! It's for your own good.
  • #338,710
  • Dec 3, 2010 8:24am Dec 3, 2010 8:24am
lol, to make a picture complete you forget about posts where people get "stopped out" with a positive numbers too
  • #338,711
  • Dec 3, 2010 8:24am Dec 3, 2010 8:24am
this up move wasnt very convincing it would not surprise me for it to drop past were we started.
seems a lot of selling into the upmove to me.
Maybe am wired up wrong lol.
There seemed a lot of hesitance before this push up.
keep marking triggers see if they break.
making green pips large and red pips small this is my goal.
  • #338,712
  • Dec 3, 2010 8:25am Dec 3, 2010 8:25am
Still interested in 3376 area; looking for good bear PA there. All still seems to be a replay of Nov/Dec 2009 i.e. bear action. A good sell-set up for the rally is still my bias.
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"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #338,713
  • Dec 3, 2010 8:25am Dec 3, 2010 8:25am
Quoting Redeemed1
Are you seeing the typical correlation where sell-off= EUR/USD goes lower?
so far eu is holding up well, although stocks are down,
will be interesting to see what´s happening after the bell,
maby we have seen top and get sideways action,
we will see in a few min.
  • #338,714
  • Dec 3, 2010 8:25am Dec 3, 2010 8:25am
it's great there are people with the guts to push this zero-worth currency up where I am waiting with a couple of lots shorts.
  • #338,715
  • Dec 3, 2010 8:26am Dec 3, 2010 8:26am
I have had a milestone today, I have fully restored my trading account. Now its time to start increasing it with positive equity. I am done for the day. Time to rest over the weekend.

Have a good weekend all
Know when to hold em, Know when to fold em!
  • #338,716
  • Dec 3, 2010 8:26am Dec 3, 2010 8:26am
Quoting Redeemed1
Are you seeing the typical correlation where sell-off= EUR/USD goes lower?
I can easily see EUR/USD going towards 1.3440. This may, or may not happen today. However for US stocks today will be a big mystery. I can't see a solid correlation today. Too many factors - bad news = more QE = lower dollar higher stocks. But bad news also = risk aversion. We shall see. Gold is the winner as usual. Technically speaking, the road to 1.3440 is open, but it isn't the only possibility. One thing you can bet with good certainty is that it will be far from a green session for US stocks, so if you are feeling aggressive you can go short there.
  • #338,717
  • Dec 3, 2010 8:26am Dec 3, 2010 8:26am
It surprise me that E/J reacts the opposite way....
  • #338,718
  • Dec 3, 2010 8:27am Dec 3, 2010 8:27am
Hi respectable traders,

There are some posts that questioning where and how do I know volumes, orders and etc. Those professional traders are able to understand where I'm coming from as they will also able to know these figures. Sorry, I am not able to disclose where and how do I know.
I will continue to share for the benefit of traders here. So do keep a look out for my posts...
Cheers!
  • #338,719
  • Dec 3, 2010 8:27am Dec 3, 2010 8:27am
Quoting iflyjetzzz
I'm likely done trading for today. I'll take my 22 pips for today and spend the rest of the day analyzing what I could have done better and prepping for next week.
22 pips...good. I got 40 pips today...Im really good. Never ever feel that u may have done it better then u have. Because the key to success in Forex business is to CUT ur losses to the minimum.
  • #338,720
  • Dec 3, 2010 8:29am Dec 3, 2010 8:29am
Hell yesterday someone posted a buy on that spike down and then deleted it. The post was gone just as fast as his sl, like 5/10 seconds lol.
Look Sharp/Trade Tight
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