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  • #434,081
  • May 3, 2011 11:15am May 3, 2011 11:15am
Quoting kenfen69
Fantastic quote!

Just had a conversation with someone yesterday about what a rarity that man was. The world could use another sometime soon. Mother Teresa, Lady Di, Mohammed Ali, Mandela...need some new shining lights and voices. Today's voices of hope seem to offer...

#winning!
That's right buddy, whatever you do, just keep positive and happy with it. If anyone there lost a tons of trade, no prob, fine tune your trading plan, more backtesting, look for pattern with high prob, forget all that is past - it's history, keep moving forward and hit the next trade button. Trading is a game of probability. Keep winning more than you lost. Don't worry, be happy.
Make it rain baby
  • #434,082
  • May 3, 2011 11:15am May 3, 2011 11:15am
Quoting Venice
As each day progresses, let the market pay for your next addition... until the point that you are leveraged so high it makes you sick to your stomach.

Ahh, a beautiful thing... the market offering you the ability to grow position size, and it's a risk free entrance. Only thing your risking at that point is profit you have yet to actually cash in. Very cool
Indeed...

Snowballing trades are a beautiful thing when done right...as in, completely polar opposite to how tfx rolls his dice and marries them.
  • #434,083
  • May 3, 2011 11:19am May 3, 2011 11:19am
Quoting kenfen69
Indeed...

Snowballing trades are a beautiful thing when done right...as in, completely polar opposite to how tfx rolls his dice and marries them.
shhhhh the peanut gallery is closed
Ambition
  • #434,084
  • May 3, 2011 11:19am May 3, 2011 11:19am
contrary to what most believe I see a huge downtrend starting
Ambition
  • #434,085
  • May 3, 2011 11:20am May 3, 2011 11:20am
Quoting talentfx
shhhhh the peanut gallery is closed
Not while you're still here, you monkey!

You remind me of one of my nephews...he is a little monkey, through and through. Problem is...he's nine!
  • #434,086
  • May 3, 2011 11:22am May 3, 2011 11:22am
Quoting Chicky
I yesterday closed my shorts in asian session and scalping for now.

My chart says, no 1.5000 this week, but if it goes to this level during this week 1.512/25 should be max. But not sure if it will go significantly down during this week. Scalping is advisable.
Hello dear bro
After 12H i want close under 1.4780 unless i Review my Plan..
  • #434,087
  • May 3, 2011 11:22am May 3, 2011 11:22am
I could be wrong todays close will tell me a lot I will hold shorts for as long as I can
Ambition
  • #434,088
  • May 3, 2011 11:23am May 3, 2011 11:23am
Quoting talentfx
contrary to what most believe I see a huge downtrend starting
don't gamble your college money kid, whatever you do...
  • #434,089
  • May 3, 2011 11:23am May 3, 2011 11:23am
i take apart short now...

short 14875 .... i hope it will see 14800.....
  • #434,090
  • May 3, 2011 11:23am May 3, 2011 11:23am
Quoting talentfx
I could be wrong todays close will tell me a lot I will hold shorts for as long as I can
Where are you short from?
  • #434,091
  • May 3, 2011 11:24am May 3, 2011 11:24am
who knows could pay off big time
Ambition
  • #434,092
  • May 3, 2011 11:25am May 3, 2011 11:25am
Quoting PipChick
Where are you short from?
the whole range 6 positions total
Attached Image (click to enlarge)
Click to Enlarge Name: short.gif Size: 25 KB
Ambition
  • #434,093
  • May 3, 2011 11:26am May 3, 2011 11:26am
Quoting talentfx
still range bound looks to me no worrys here if i see break ill act but not until then
You can't base you're entries to hold so many shorts in a range that has yet to break :S.

Wouldn't it have been better if you bought support, sold resistance through the range and then bought into a breakout (or in your method's case, sold into a breakdown)?
Trends, breakouts, price action.
  • #434,094
  • May 3, 2011 11:28am May 3, 2011 11:28am
Quoting talentfx
contrary to what most believe I see a huge downtrend starting
smart money doesn't hope/believe for trades...they'll wait for a trend to begin instead.
Trends, breakouts, price action.
  • #434,095
  • May 3, 2011 11:29am May 3, 2011 11:29am
Quoting PipChick
Where are you short from?
he could have got out in profit earlier and be loading up the boat now, assuming this is or is near the top, he has a lot to learn and I'm afraid that sooner or later he's gonna get burned bad, see if you can talk some sense into him, coz this is like watching a car crash...
  • #434,096
  • May 3, 2011 11:29am May 3, 2011 11:29am
I dont know if this will play out because its just an m5 chart but here it is. So far the m15 1st target (green line) is holding as support.
Attached Image
  • #434,097
  • May 3, 2011 11:30am May 3, 2011 11:30am
Quoting aizazk
You can't base you're entries to hold so many shorts in a range that has yet to break :S.

Wouldn't it have been better if you bought support, sold resistance through the range and then bought into a breakout (or in your method's case, sold into a breakdown)?
He's either trading demo or pissing away 10 cents per pip. Don't waste your time, he's not wasting millions of dollars.
Thank You
  • #434,098
  • May 3, 2011 11:30am May 3, 2011 11:30am
Quoting PipChick
I dont know if this will play out because its just an m5 chart but here it is. So far the m15 1st target (green line) is holding as support.
The target on that is about 4950
  • #434,099
  • May 3, 2011 11:30am May 3, 2011 11:30am
Quoting talentfx
contrary to what most believe I see a huge downtrend starting
May be , anything can be possible . expanding triangle itself a bear & still not see much chances doing the job . not both usdx & eu may down together.one to certainly fail at one point , my choice usdx.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 6 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #434,100
  • May 3, 2011 11:30am May 3, 2011 11:30am
Quoting PipChick
I dont know if this will play out because its just an m5 chart but here it is. So far the m15 1st target (green line) is holding as support.
A trade like that played out earlier, it could happen again, let's see how it rolls!
Trends, breakouts, price action.
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