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  • #351,701
  • Dec 24, 2010 8:33am Dec 24, 2010 8:33am
#351549
it didnt hold the 1h, last closed 1 h was rejected by support. with a almost hammer looking spinner. but it did close lower then the previous one.. so bears are here. the rejection bounce did not touch the recent highs in the other prevois candles . or even the daily high much less the 4h high of 3130. close below 3110 is still needed for bears. and is till support for bulls with sl at that last spike low. st 3110 is still the line in the sand.

oh and Merry Christmas
those who can, do. those who cant, talk about those who can
  • #351,702
  • Dec 24, 2010 8:34am Dec 24, 2010 8:34am
Quoting Hda
Well Done,

You've come along way.

Keep This In Mind Also " Discipline is the ability to say NO to oneself "

Is That Your Quote ? Can I use it ? You have had the discipline to post 10 times in 2 years. Maybe you do not post much for other reasons but I like your thoughts.
  • #351,703
  • Dec 24, 2010 8:36am Dec 24, 2010 8:36am
Quoting Ifty
IDIOT.
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  • #351,704
  • Dec 24, 2010 8:36am Dec 24, 2010 8:36am
Quoting Forexpro30
I will try a new approach for anyone who sincerely will have an open mind and really wants to make money trading currencies period.

My new approach will be to focus on the pyschology of Forex trading.

When someone asks me to teach them how to improve their trading I say that after 30 days I will be able to tell you if you even have a chance to be taught properly.

The reason for that is simple. If you do not even have discipline and your character is such that you trade through fear or greed and your ego is such that you think you are so smart...
I am interested in working with you on the discipline and pyschology of trading forex.

Currently I am an unemployed System Engineer by choice. I have worked for corporate american and government my whole life. Being over 50 I found myself wanting to be my own boss, own my own business and at the same time do something I love. I started dabbling in forex about 10 months ago, opened a live account with 2,000 and the journey began.

I am not a gambler, I work hard, I accept & scrutinize constructive criticism and if I can use the advice I like to thank the person for sharing. I don't post much hear, instead I am a listener. I am goal oriented and to me goals are like a ladder ... small consistent steps (goals) will take me up that ladder faster then trying to just jump to the top (hope that make sense to you). My ultimate goal, of course, is to achieve the skills and mindset it takes to continue doing what I love. I have a trading journal, I write down every trade I make and of course comment on the good and not so good action that brought me into the trade and out. Currently I am down just under $500.00 and feel I have learned a lot for my money. I also have a trading plan and I stick with that plan unless I get bored ... and sometimes that can be a good thing. I then open up my demo account and place a trade that I wouldn't normally do. I have found this to be helpful in a training sort of way. I will watch that trade, check all time frames, practice patience and just basically become more aware than sitting there waiting for my setup.

Anyway enough babbling for one morning. Looking forward to your ideas and suggestions.

Good day to you and wishing you success in in all your endeavors in 2011.
It's going to be a GREAT year!
  • #351,705
  • Dec 24, 2010 8:37am Dec 24, 2010 8:37am
Quoting iflyjetzzz
That was not the message conveyed in your original post. There was no indication to the reader that you were going for humor. If that was a joke, you suck at telling jokes.
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  • #351,706
  • Dec 24, 2010 8:38am Dec 24, 2010 8:38am
Quoting snatch
went to have a bath an missed a nice counter trend buy for 30 pips!!!!!!! that was suppose to be my penultimate trade of the day
any proof to this bath? post a chart
those who can, do. those who cant, talk about those who can
  • #351,707
  • Dec 24, 2010 8:38am Dec 24, 2010 8:38am
you wrote: " Discipline is the ability to say NO to oneself "

so, don't listen to natures call

Buddha bless you
- May Buddha bless you.
  • #351,708
  • Dec 24, 2010 8:38am Dec 24, 2010 8:38am
Quoting xenu
Then why you waste time of the people here asking stupid questions? Ask questions that are worth answering.
dude, relax will ya.
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  • #351,709
  • Dec 24, 2010 8:42am Dec 24, 2010 8:42am
after a long equilibrium there is usually a breakout
the longer the equilibrium the bigger the breakout
in which direction you expect it to happen?
- May Buddha bless you.
  • #351,710
  • Dec 24, 2010 8:42am Dec 24, 2010 8:42am
Just sharing an observation that is clearly understood by all if you care to.

Look at a 5 minute chart of EUR/USD. Look at 8:00 PM EST and 3:00 AM and 8:00 AM and Probably 11:00 AM just like yesterday and many yesterday's during 2010.

Think about it and see if you can come up with a Trade Plan for these time periods.

It always must be your Trade Plan and your call since it is your money and you need to fish for yourself.
  • #351,711
  • Dec 24, 2010 8:45am Dec 24, 2010 8:45am
Quoting snatch
no. its about having no emotions; the hedge is only 15 pips away from entry so for example this morning i entered a perfect sell at 3145 and put half dozen buys on top.... the question is how do you manage that... the price always comes back to your entry sometime... so its about management... dont get emotional, get even... my account started multiplying the day i stopped using SLs and indicators; just 4hr/daily/weekly channels...

i wish someone told me this before i came into forex, but in life you have to learn the hard way...

good luck...
I am starting to like you Snatch.. hehehehe..
I'm not an expert but I can read charts.
  • #351,712
  • Dec 24, 2010 8:45am Dec 24, 2010 8:45am
- May Buddha bless you.
  • #351,713
  • Dec 24, 2010 8:47am Dec 24, 2010 8:47am
Quoting bodisatva
Called the Shark method.
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  • #351,714
  • Dec 24, 2010 8:48am Dec 24, 2010 8:48am
Quoting vosterfxandy
Called the Shark method.
means?
- May Buddha bless you.
  • #351,715
  • Dec 24, 2010 8:49am Dec 24, 2010 8:49am
Quoting bodisatva
means?
Sharks like the fishing method.
Enter Signature
  • #351,716
  • Dec 24, 2010 8:49am Dec 24, 2010 8:49am
end of the year,
have floating minus,,,
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only an analysis, and I'm always wrong, don't follow me,
  • #351,717
  • Dec 24, 2010 8:56am Dec 24, 2010 8:56am
I think it's pretty much finished for the day.
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  • #351,718
  • Dec 24, 2010 8:56am Dec 24, 2010 8:56am
according to my indis after a long flat trend, the downtrend will continue
for now better stay out of trading and w8 for the right moment if you still wanna do anything 2day
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- May Buddha bless you.
  • #351,719
  • Dec 24, 2010 8:57am Dec 24, 2010 8:57am
Quoting xenu
Then why you waste time of the people here asking stupid questions? Ask questions that are worth answering.

Hi xenu,

A long time ago I learned that questions are rarely stupid. But a lot of answers.

BTW, what was your contribution so far?

This forum was made to have a dialog, to answer questions etc. If you do not like to answer a newbees question, ignore it. Remember: Better to keep silent and thought to be a fool than to speak and erase every doubt.

To put your mind in the above sentence took the same amount of time to answer that question.

But anyway,

have a nice day,

Markus
  • #351,720
  • Dec 24, 2010 8:58am Dec 24, 2010 8:58am
Quoting Forexpro30
Now you are nice and clean and another trade will come around. You will have many more good trades in 2011. Has Santa arrived as yet ?

Smile and the World will smile with you. Take care and be well.
Forexpro30: Have you read the book, The FOUR AGREEMENTS. It speaks to the cultivation of habits in one's personal life that if cultivated reflects also in your trading.

Rule #1: YOU MUST ALWAYS BE IMPECCABLE WITH YOUR WORD
The better you are at keeping your word in your everyday life, the better you become at sticking to your rules and plan in trading.

Rule #2: YOU MUST NEVER HAVE THE NEED TO BE ACCEPTED
The better you are at controlling your EGO in your everyday life, the better you become at controlling your ego in trading, hence why RULE #1 is important.

Rule #3: YOU MUST NEVER TAKE ANYTHING PERSONAL
The Better You Are At Letting Go In Your Everyday Life, The Better You will be at moving on from at loss in trading and finding the next best opportunity.

&

Rule #4: YOU MUST ALWAYS DO YOUR BEST.
The Better you become at doing your best in everything in life, The better you become at RULE NUMBERS 1, 2 and 3.

Summary: So how you are as an individual with everything you do in your life, will determine the kind of trader you are or will become. This is why Discipline is the ability to say NO to oneself. Its very hard to say no to bad habits and thats where discipline comes in.
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