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EURUSD

  • #351,801
  • Dec 25, 2010 3:42am Dec 25, 2010 3:42am
Quoting FibbinArchie
Merry XXXX-mas...
in addition - it's like your statement >> 20% Maths, 80% Psychology http://clip2net.com/clip/m6790/12932...klung-57kb.png

Frohes Fest - Feliz Navidad - marry Cristmas to all
  • #351,802
  • Dec 25, 2010 4:02am Dec 25, 2010 4:02am
Quoting ines
in addition - it's like your statement >> 20% Maths, 80% Psychology http://clip2net.com/clip/m6790/12932...klung-57kb.png

Frohes Fest - Feliz Navidad - marry Cristmas to all
could you do a quick translation of the pyramid please?
  • #351,803
  • Dec 25, 2010 4:11am Dec 25, 2010 4:11am
Quoting FibbinArchie
could you do a quick translation of the pyramid please?
Attached Image (click to enlarge)
Click to Enlarge Name: 1293269926-traderentwicklung-57kb.png Size: 78 KB


1) outer factors
2) inner factors
3)market know-how/knowledge
4)risk and moneymanagement
5)method
6)character management (kind of mindset etc.)
Hero calls followed by margin calls...
  • #351,804
  • Dec 25, 2010 4:14am Dec 25, 2010 4:14am
Quoting FibbinArchie
PS. I shorted the London open yesterday from 3145, with an initial 15 pip sl, tp limit order set to 3095, however once price had moved to 3030 I moved the sl to b/e, I was then stopped out at pretty much the high of the day. If I'd just left it set as it was, the trade would have played out exactly as I had anticipated, capturing pretty much the full range of the day. My analysis was sound, spot on in fact, yet because I tinkered, the trade made no money, sure I didn't lose any and I had a couple of 10 pip scalps to bank, but this tends to happen...
.
Attached Image (click to enlarge)
Click to Enlarge Name: Xmas Eve.jpg Size: 301 KB
  • #351,805
  • Dec 25, 2010 4:15am Dec 25, 2010 4:15am
Quoting PhAnTi'
Attachment

1) outer factors
2) inner factors
3)market know-how/knowledge
4)risk and moneymanagement
5)method
6)character management (kind of mindset etc.)
Danke
  • #351,806
  • Dec 25, 2010 4:16am Dec 25, 2010 4:16am
Quoting FibbinArchie
Danke
kein Problem
Hero calls followed by margin calls...
  • #351,807
  • Dec 25, 2010 4:18am Dec 25, 2010 4:18am
Quoting FibbinArchie
.
did you even try to play with partial closure or profit?

... : could you just attach me your volume indicator? = )

am searching for such one


kindest regards
Hero calls followed by margin calls...
  • #351,808
  • Dec 25, 2010 4:19am Dec 25, 2010 4:19am
Right, got to go & spend the day with the relatives, groan not my idea of fun...

Have a happy Christmas all, cheers...
  • #351,809
  • Dec 25, 2010 4:24am Dec 25, 2010 4:24am
Quoting PhAnTi'
did you even try to play with partial closure or profit?

... : could you just attach me your volume indicator? = )

am searching for such one


kindest regards
Hmm, yeah, could have done a partial exit, but I usually wait for 20 pips before closing half, I actually moved the stop when it started retracing, not wanting to take a loss on what had turned into a green trade...

Perhaps I need to sit down and really work out a systematic approach to trade management...

Cheers Phanti, have a good day...
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 265 downloads
  • #351,810
  • Dec 25, 2010 4:30am Dec 25, 2010 4:30am
Quoting kill56
the 200ema is the center of all TF's from m1 to monthly sure u can trade the lower TF's for short term , a long time trades needs higher TF's H4 AND above ,
eu now is below the line and we are in a bear market but we might retrce back to the 200ema then come back unless we break above it then its a bull market for sure

enjoy the hollidays
Hi Kill,

I usually use the 200SMA in my charts... Do you find the 200EMA more reliable?

thanks
  • #351,811
  • Dec 25, 2010 4:31am Dec 25, 2010 4:31am
Quoting FibbinArchie
Hmm, yeah, could have done a partial exit, but I usually wait for 20 pips before closing half, I actually moved the stop when it started retracing, not wanting to take a loss on what had turned into a green trade...

Perhaps I need to sit down and really work out a systematic approach to trade management...

Cheers Phanti, have a good day...
thanks for sharing buddy !

wish u a good one as well
Hero calls followed by margin calls...
  • #351,812
  • Dec 25, 2010 5:24am Dec 25, 2010 5:24am
Quoting FibbinArchie
Hmm, yeah, could have done a partial exit, but I usually wait for 20 pips before closing half, I actually moved the stop when it started retracing, not wanting to take a loss on what had turned into a green trade...

Perhaps I need to sit down and really work out a systematic approach to trade management...

Cheers Phanti, have a good day...
I like about it,,
thanks for your sharing broter,,

I also agree with you 20% math and 80% psychology

Happy New Year and Green Trade forever,
only an analysis, and I'm always wrong, don't follow me,
  • #351,813
  • Dec 25, 2010 5:45am Dec 25, 2010 5:45am
Quoting andelumut
I like about it,,
thanks for your sharing broter,,

I also agree with you 20% math and 80% psychology

Happy New Year and Green Trade forever,
Thanks friend, same to you...
  • #351,814
  • Dec 25, 2010 6:04am Dec 25, 2010 6:04am
i wish everyone a happy christmas

enjoy this day with your loved family and people and try to forget the financial markets for one or two days
Pecunia non olet
  • #351,815
  • Dec 25, 2010 7:45am Dec 25, 2010 7:45am
http://www.youtube.com/watch?v=EW0aj...eature=related
  • #351,816
  • Edited 8:23am Dec 25, 2010 7:50am | Edited 8:23am
Quoting FibbinArchie
Interesting and and possibly a few insights into the psychology of consistency, notice the first 9 wins are wiped out by number 10 loser...

Why do many of us snatch at small profits, nothing wrong with that, so long as we keep loses small, yet often it's the case that stops get moved, positions get averaged and the losing trades often end up wiping out a lot of work... I think therein lies the rub and possibly the key to consistency...

Ie. accepting that we are not always right in analysis & learning to keep losers small & manageable...

PS....
good insights . yeah fast scalping taking few pips at a time good to multiply accounts in a short time if the loosing ones be cared timely . sl not more than the tp , may be & anyway as well said 'keep losers small & manageable...'

I saw even the analysis ok , movements ok as per ,even that scalping sucks due this disproportionate sl in relation to tp more with multiple/changing lots at the same time or tight unjustfied sl.

anyway i took the same short & still allowed to open but at be now though.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #351,817
  • Dec 25, 2010 8:22am Dec 25, 2010 8:22am
Quoting PhAnTi'
Attachment

1) outer factors
2) inner factors
3)market know-how/knowledge
4)risk and moneymanagement
5)method
6)character management (kind of mindset etc.)

Sorry - I could not earlier answer because I was out for lunch.

in addition to the pic - it's the expenditure of time - on the left side the usual trader - on the right side the trader with self-determination and responsibility.
  • #351,818
  • Dec 25, 2010 9:33am Dec 25, 2010 9:33am
http://www.bloomberg.com/news/2010-1...inflation.html
  • #351,819
  • Dec 25, 2010 2:08pm Dec 25, 2010 2:08pm
Quoting jaylovin
Hi Kill,

I usually use the 200SMA in my charts... Do you find the 200EMA more reliable?

thanks
both are good i'd rather use the ema put both on u chart and see , the ema match my fib and S/R lines
  • #351,820
  • Dec 25, 2010 3:08pm Dec 25, 2010 3:08pm
Quoting egkid
http://www.bloomberg.com/news/2010-1...inflation.html
That's not going to help the EUR. Or worldwide equity markets.
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