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  • #364,581
  • Jan 13, 2011 10:44pm Jan 13, 2011 10:44pm
Quoting prashant7
i know that but i just told that i have not studied the technicals and just jumped to buy gold and that too at 1390.5 and then above it left my trade with carelessness and now i have to laugh at me thats it ? it went to 50 % retrace and was down like anything to hit 1379 : so whn i opened my mt4 after an hour i was stopped out
Sorry to hear that man, like Gator says, pick yourself off - brush off the dust - get a good nights rest, maybe get away from trading for a week then come back fresh.

I have jumped quick to the gun away from my trade plan. Do you know I only lose when I get off my trading Plan? My trading plan gives me consistency in earnings on my trades but as soon as I get off I am all out of wack.

My lesson learned I am never getting off track. I have been stung by this mistake one to many times.
Know when to hold em, Know when to fold em!
  • #364,582
  • Jan 13, 2011 10:46pm Jan 13, 2011 10:46pm
rumour making the rounds china tipped to increase interest rates over the weekend
  • #364,583
  • Jan 13, 2011 10:53pm Jan 13, 2011 10:53pm
Quoting goods
Sorry to hear that man, like Gator says, pick yourself off - brush off the dust - get a good nights rest, maybe get away from trading for a week then come back fresh.

I have jumped quick to the gun away from my trade plan. Do you know I only lose when I get off my trading Plan? My trading plan gives me consistency in earnings on my trades but as soon as I get off I am all out of wack.

My lesson learned I am never getting off track. I have been stung by this mistake one to many times.

As you say my trading plan too has given me consistent gains and to be frank i have lost only this months gains : iam upset about this loss because i was frustrated and just jumped on to trade by thinking it will give me another $2k and the rest was history : my worry is instead of this now iam thinking that i would have invested the same funds to test my another two of my strategies with PA and charting
finding A M S
  • #364,584
  • Jan 13, 2011 10:54pm Jan 13, 2011 10:54pm
Quoting prashant7
As you say my trading plan too has given me consistent gains and to be frank i have lost only this months gains : iam upset about this loss because i was frustrated and just jumped on to trade by thinking it will give me another $2k and the rest was history : my worry is instead of this now iam thinking that i would have invested the same funds to test my another two of my strategies with PA and charting

Anyway thanks for your suggestion : i will try to do the same
finding A M S
  • #364,585
  • Jan 13, 2011 10:56pm Jan 13, 2011 10:56pm
Quoting prashant7
upset about this loss because i was frustrated and just jumped on to trade by thinking it will give me another $2k
Ahhh 2 things here, trying to get back even at the market, and greed.

Been there many times.
Know when to hold em, Know when to fold em!
  • #364,586
  • Jan 13, 2011 11:03pm Jan 13, 2011 11:03pm
Quoting goods
Ahhh 2 things here, trying to get back even at the market, and greed.

Been there many times.

i just dont know its greed or its anything else but i think i have just learnt some worthy lessons and will remember for long long time ' the discipline is the key " nope
finding A M S
  • #364,587
  • Jan 13, 2011 11:07pm Jan 13, 2011 11:07pm
Quoting prashant7
i just dont know its greed or its anything else but i think i have just learnt some worthy lessons and will remember for long long time ' the discipline is the key " nope

Good for you, I am self taught so I learned this a few times over and over however, I think of it this way and tell myself, it is a training lesson which Invested time and money in, instead of thinking it as a loss.
Know when to hold em, Know when to fold em!
  • #364,588
  • Jan 13, 2011 11:08pm Jan 13, 2011 11:08pm
Quoting strategicfx
rumour making the rounds china tipped to increase interest rates over the weekend


As per Reuters
  • #364,589
  • Jan 13, 2011 11:09pm Jan 13, 2011 11:09pm
weak short at 49
those who can, do. those who cant, talk about those who can
  • #364,590
  • Jan 13, 2011 11:11pm Jan 13, 2011 11:11pm
Quoting gatorinla
weak short at 49

Took same trade some hours ago
Know when to hold em, Know when to fold em!
  • #364,591
  • Jan 13, 2011 11:18pm Jan 13, 2011 11:18pm
This latest event of past 9 trading days has been easily tracked by lunar events starting on the forth with drop and the ark curve retrace starting the 9th by additional mathematical lunar positioning. it is wonderful when these off chart methods are most accurate.
Attached Image (click to enlarge)
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"Look Left Think Right"
  • #364,592
  • Jan 13, 2011 11:22pm Jan 13, 2011 11:22pm
oh, clouds are hiding the moon, it seems...
  • #364,593
  • Jan 13, 2011 11:24pm Jan 13, 2011 11:24pm
Quoting goods
Took same trade some hours ago

this week's close will be crucial ; if it closes above the last weekly high then i bet euro will be too strong for usd and will be on the way to 1.5 almost ' as per the technicals rule it has made a fresh low below 1.295 and has given a kick start with rare reversal in daily chart " so now its all upto spain and other major problems of soveriegn debts how the european union controls it will decide the time taken by euro to reach 1.5 / nope really ?
finding A M S
  • #364,594
  • Jan 13, 2011 11:38pm Jan 13, 2011 11:38pm
Quoting goods
Took same trade some hours ago
i closed for 6.. i wasn't looking for much since the last few hours closed on the bull side.
those who can, do. those who cant, talk about those who can
  • #364,595
  • Jan 13, 2011 11:41pm Jan 13, 2011 11:41pm
next target

http://www.forexfactory.com/attachme...3&d=1294970810
  • #364,596
  • Jan 13, 2011 11:48pm Jan 13, 2011 11:48pm
"ecb's Liikanen says inflation not a concern in short term; Eurozone interest rates are appropriate in current situation"

I take that as a neg. for 'big bulls' ... No interest hike ... less likely for 'non-Asian' investors IMO.

-edit- put bears instead of bulls ... corrected to bulls
  • #364,597
  • Jan 13, 2011 11:54pm Jan 13, 2011 11:54pm
above r below 46
those who can, do. those who cant, talk about those who can
  • #364,598
  • Jan 14, 2011 12:19am Jan 14, 2011 12:19am
One trade on every pip down would be 240 open trades before I start milking them one by one. This is my plan ......................... but forget it. It's too complicated....I am a blond.
The Thief of Wall Street
  • #364,599
  • Jan 14, 2011 12:22am Jan 14, 2011 12:22am
EURO will go down .................
  • #364,600
  • Jan 14, 2011 12:23am Jan 14, 2011 12:23am
see the Chart>>>>>>>>>>>>>>>>>>>>
Attached Image (click to enlarge)
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