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  • #403,321
  • Mar 9, 2011 6:55am Mar 9, 2011 6:55am
Quoting T@rantula
Welcome back Lorna

I hope u have had a good vacation. Now concentrate on trading those lovely pairs.
Cheers dear, I need to do something positive for sure. Received divorce citation this morning from the one who walked out. His demands include selling the house, plus passing him £120,000 (note, house last valued at 156K so not only do I end up in a tent, he wants me to pay him for the pleasure) oh and he wants me to pay the expenses.

Bloody sake, he's been earning around 17K the month for the last 3 years (pretty much since he decided to lock me out of the bank account) and, via the court, he sends barely enough to meet my monthly bills.

All round it's a shite day but there must be something positive from this. If I am left with any change from the house sale I could put it into my trading account and get better returns. If I can trade well with £1 lots, why not with a bit more, lol.
  • #403,322
  • Mar 9, 2011 6:57am Mar 9, 2011 6:57am
Still looking for a test lower,
but having little doubts
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You can remain irrational longer than you can remain solvent.
  • #403,323
  • Mar 9, 2011 6:58am Mar 9, 2011 6:58am
Quoting Lorna
Cheers dear,...
And I thought I had problems -

Good luck Lorna!!!
  • #403,324
  • Mar 9, 2011 7:01am Mar 9, 2011 7:01am
Quoting Lorna
Cheers dear,...
not a good idea to put money in forex after selling house.
  • #403,325
  • Mar 9, 2011 7:02am Mar 9, 2011 7:02am
USDCHF bought 92.79

s/l 92.64 ( include spread)
  • #403,326
  • Mar 9, 2011 7:02am Mar 9, 2011 7:02am
Long 1.3925 TP 1.4050 We will get there in evening or tommorrow
  • #403,327
  • Mar 9, 2011 7:06am Mar 9, 2011 7:06am
Quoting LaurisM
Long 1.3925 TP 1.4050 We will get there in evening or tommorrow
id be interested to know your stop... would be careful of the 1.3900 level being retested
  • #403,328
  • Mar 9, 2011 7:07am Mar 9, 2011 7:07am
Quoting FishHead
After 4 hours of hovering my finger over the buy button I finally cave in and it immediately goes down and hits my SL.

Why do I even bother...
where was your stop loss?
  • #403,329
  • Mar 9, 2011 7:08am Mar 9, 2011 7:08am
Quoting monkeyj
id be interested to know your stop... would be careful of the 1.3900 level being retested
1.3910 SL
  • #403,330
  • Mar 9, 2011 7:08am Mar 9, 2011 7:08am
after losing about 40% of my capital due to stupidity, bad trades... noobishness and foolishness.. i swore to myself to learn whatever i could .... i'm still learning and i realize my poor results are due to poor stop losses and MM ... but i guess that i learn alot from the scoldings of muppets here.. myself included.. i would like to post a few charts to give my view points and could anyone of you highly esteem traders comment?

Thanks..

Looking at 1.39 by USA closing.. 41 seems to hold with good support ... if 41 does not break.. we are simply at a retracement level
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There is no royal road to anything.
  • #403,331
  • Mar 9, 2011 7:09am Mar 9, 2011 7:09am
Part 2 of charting for today..
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There is no royal road to anything.
  • #403,332
  • Mar 9, 2011 7:12am Mar 9, 2011 7:12am
Quoting Leinadgnow
Part 2 of charting for today..
why are you looking at 1 minute charts.... can you actually see the bigger picture from these... i dont think so
  • #403,333
  • Mar 9, 2011 7:14am Mar 9, 2011 7:14am
patience is key was looking at dpp to go long, jumped the gun at 21, then when it took so long to come back eventually got spooked out at 26 (so +5), but where did it actually turn??? yep at the dpp, so if I'd just waited a few minutes, could've got a nice entry with sl to b/e.

Managing your own psychology is important too, if you're left too long with your proverbial ass in the air (ie spend too long the wrong side of the spread) it makes you jittery and you can get shaken out too easily, looking like I've now wasted a pretty good entry...
  • #403,334
  • Mar 9, 2011 7:15am Mar 9, 2011 7:15am
Quoting Leinadgnow
Part 2 of charting for today..
My advice is to stay away from noisy 1 min charts until you can prove to yourself you can do it with 1h+ charts.
  • #403,335
  • Mar 9, 2011 7:16am Mar 9, 2011 7:16am
Quoting xrepla
closed 1,3922 & 1,6212

long usd-cad 0,9672
closed 0,9678

enough for today have a headache
Everything is RISK just learn how to live with
  • #403,336
  • Mar 9, 2011 7:18am Mar 9, 2011 7:18am
Quoting uksnowman
My advice is to stay away from noisy 1 min charts until you can prove to yourself you can do it with 1h+ charts.
each to their own, if you're a short term, price action scalper then 1 minute is fine...
  • #403,337
  • Mar 9, 2011 7:20am Mar 9, 2011 7:20am
... if i can lose 40% of my equity i'm a muppet.. and i don't mind learning and reading what other's have to teach me .. the more painful it is .. the faster i learn
There is no royal road to anything.
  • #403,338
  • Mar 9, 2011 7:24am Mar 9, 2011 7:24am
Quoting Leinadgnow
... if i can lose 40% of my equity i'm a muppet.. and i don't mind learning and reading what other's have to teach me .. the more painful it is .. the faster i learn
if you are learning then mini lots only and only put in your account money you are fully prepared to say cheerio to, it varies from person to person but it can take years to become consistently profitable...
  • #403,339
  • Mar 9, 2011 7:25am Mar 9, 2011 7:25am
Quoting T@rantula
Yes, thats why most trading systems dont work. Either you know how to trade or dont.

I think every disciple of trading, every Forex trader needs to know basic patterns, candlesticks and s/r levels, then move on to western indicators.

For myself a good combination of PA indicators ( eastern candlesticks and western MAs ) is crucial thing in trading.

You can add Camarillas, Murrey Math for levels but the core of trading remains the same.

Candlesticks are the very basics.
How do you define 'trading systems' ?

Which are the ones that you do know ?


ZigZag A-B-C

1.4078 1.3967
1.4057 1.3946
1.4036 1.3925
1.4015 1.3898
1.3993 1.3877
1.3967 1.3856
1.3946 1.3835
1.3925 1.3814

UP DOWN
1.4036 1.3856



;-|
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #403,340
  • Mar 9, 2011 7:28am Mar 9, 2011 7:28am
Quoting Leinadgnow
after losing about 40% of my capital due to stupidity, bad trades... noobishness and foolishness.. i swore to myself to learn whatever i could .... i'm still learning and i realize my poor results are due to poor stop losses and MM ... but i guess that i learn alot from the scoldings of muppets here.. myself included.. i would like to post a few charts to give my view points and could anyone of you highly esteem traders comment?

Thanks..

Looking at 1.39 by USA closing.. 41 seems to hold with good support ... if 41 does not break.. we are...
Sometimes all you need is a bare chart and plot the levels to watch

Too much indies and fundies confuse


Buying 3860 support today would have been money in the bank

I bought the channel TL at 3890 didn't anticipate it going all the way to test support(3860) but my stop had to accomodate that level because it important

hoping for 3980 today or 4030 tomorrow


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Mind over matter..I don't mind and you don't matter.
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