do you wait only for BO the neckline or till at least 1h close below neckline? thank you
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- #13,942
- Jun 9, 2011 4:06am Jun 9, 2011 4:06am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
do you wait only for BO the neckline or till at least 1h close below neckline? thank you
1 hour closes below neckline... being careful of spike during news.
So i have a tleast 1 more hour to go, and i can go jogging
see ya in 1 hour
I don't want a job, i want money!
- #13,943
- Jun 9, 2011 4:19am Jun 9, 2011 4:19am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
do you wait only for BO the neckline or till at least 1h close below neckline? thank you
i think that trade will depend on usd news..it should go down but if the news is very bad might not..id wait for breakout
- #13,945
- Jun 9, 2011 5:40am Jun 9, 2011 5:40am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
i wonder how many accounts got killed from this spike on EU
I don't want a job, i want money!
- #13,946
- Jun 9, 2011 5:45am Jun 9, 2011 5:45am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i wonder how many accounts got killed from this spike on EU
dollar is being bought
sell euro sell pound..i think is the way..even hancock cant stop usd when it being bought
- #13,947
- Jun 9, 2011 5:48am Jun 9, 2011 5:48am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
dollar is being bought
I don't want a job, i want money!
- #13,948
- Edited 6:04am Jun 9, 2011 5:53am | Edited 6:04am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
duuude.. we are still in news time...
dario dario dario
reaction of news is inline with techicals..at least for me
euro dailly was bearish
usd is in downtrend but monthly close was bullish and dailly yesderday was bullish
cable 1.6440 area has confluence with 61.8 fibo..
usd being bought is line with my techicals..so me trust it!!!!!!!!!
just to be sure.... u hope the MOFO breaks.. or the MOFU??
- #13,949
- Jun 9, 2011 6:04am Jun 9, 2011 6:04am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
dario dario dario
reaction of news is inline with techicals..at least for me
euro dailly was bearish
usd is in downtrend but monthly close was bullish and dailly yesderday was bullish
cable 1.6440 area has confluence with 61.8 fibo..
usd being bought is line with my techicals..so me trust it!!!!!!!!!
I am almost with u... wait for me a bit more...
here is the DX4
P.S. just to say.. the last person who was disrespectful to a member of this thread has been immediately banned from Azim. Just a heads up for who wants to understand...
I don't want a job, i want money!
- #13,950
- Jun 9, 2011 6:11am Jun 9, 2011 6:11am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I am almost with u... wait for me a bit more...
here is the DX4
P.S. just to say.. the last person who was disrespectful to a member of this thread has been immediately banned from Azim. Just a heads up for who wants to understand...
dario my man!!..now thats a chart!!..best chart i have seen from u..
notice it clean and very easy to see what yur seeing
just a point i learnt this from azim..
in trading there no sure thing..just play yur edge and see it through
its never going to be 100%..so dont expect a perfect opportinuty..it never comes
this is where the belief comes into play..if u dont believe u cannot make money consistant in trading..some people call it postive mental attitude but i think its the same thing..im starting to believe..dario my boy..trust yourself!!
the ship is waiting..
dario my man!!..now thats a chart!!..best chart i have seen from u..
notice it clean and very easy to see what yur seeing
just a point i learnt this from azim..
in trading there no sure thing..just play yur edge and see it through
its never going to be 100%..so dont expect a perfect opportinuty..it never comes
this is where the belief comes into play..if u dont believe u cannot make money consistant in trading..some people call it postive mental attitude but i think its the same thing..im starting to believe..dario my boy..trust yourself!!
the...
Naah that's what I used to do ....so what should one do in such a situations....besides waiting for gbpusd to see if it tries going to go back to the pivot atleast and then check for the reaction on that level?....any suggestion would be welcome ....thanks.....Regards
Ali Raza
Raza
- #13,952
- Jun 9, 2011 6:49am Jun 9, 2011 6:49am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
Guys....have i missed one of the biggest roller coasters in a single session? i.e. Eurusd...so do i switch on the revenge trading mode?
Regards
Ali Raza
i am not going to short down here... But believe me.. i am pissed at myself sooo much. i'm off from charts and from thread till i get my mind cool a bitmaybe u can do the same
cheers
I don't want a job, i want money!
- #13,953
- Jun 9, 2011 7:01am Jun 9, 2011 7:01am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I have to say... i missed it too.... and nav will hate me maybe
maybe u can do the same
cheers
I trying to spur myself on..so many times i see trendline breakout and i know it going up or down and i just watch going instead of reacting instantly..we are to busy trying to be right instead of playing the probability
charles seems to not have this issue?? from what i can see
- #13,954
- Jun 9, 2011 7:05am Jun 9, 2011 7:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
dont be upset..analyse yourself and find the reason why u never enter..i do the same..why u think i enter yesterday on euro..even thou i knew it may bounce..
I trying to spur myself on..so many times i see trendline breakout and i know it going up or down and i just watch going instead of reacting instantly..we are to busy trying to be right instead of playing the probability
charles seems to not have this issue?? from what i can see
Raza
I have to say... i missed it too.... and nav will hate me maybe
maybe u can do the same
cheers
thanks for the prompt reply bro...
Raza
- #13,957
- Jun 9, 2011 10:14am Jun 9, 2011 10:14am
thanks bro....i think i'll do just that
Another thing I noticed is that if my trade goes against me and hits the SL, I will re-analyze the charts and if we are still at a good level and good time of day, I will switch direction on the trade. In the past I used to be so burned by a trade going against me I wouldn't try to remedy it and just quit for the session.
Another important factor is not having fear when you trade - this is especially difficult when you are trying to increase your position size. If you have fear that your stop loss will be hit; then IT WILL BE HIT! When I started trading in 2009 I was trading 1-2 lots, then in 2010 it was 5 lots and this year I have been moving up to 10 (and occasionally 20 lots) but when I placed my first trade on 20 lots; my stop loss got hit and I got burned. I felt like sh*t for days afterwards and took a few days off trading to clear my mind.
I started trading again with 5 lots and 10 lots and then tried again to place a trade with 20 lots and this time I made bank. It is a matter of not being discouraged, having account equity large enough to permit a 'mistake buffer zone' and being detached enough to trust your analysis and not get emotional over ever pip move towards or away from your direction of trade.
I highly recommend a book called "Trading in the Zone" by Mark Douglas which is a great read and highlights all the behavioural elements involved in trading. But know that no matter how much you read, you will still need years of experience in this game to gain the confidence you need - they will help in cutting the learning curve however.
Don't give up! You are much closer to success than you believe! So many people give up just before the turning point. Don't get discouraged, be persistent and learn from your mistakes.
Money is the result derived from the execution of a skillset
- #13,958
- Jun 9, 2011 11:22am Jun 9, 2011 11:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i cannot believe some of these people in euro thread..are they really trading
its like blind leading the blind
its like blind leading the blind
Trading is more about knowing and disciplining yourself rather than knowing the markets. It is also about cultivating the art of patience. You need to have a cool enough head to trust your analysis and pull the trigger on a trade - this comes from years of trading. I have been trading now for 2 years and after several blown accounts I realize now that I am starting to develop this attitude - trusting my analysis and pulling the trigger when the time comes.
Another thing I noticed is that if my trade goes against me and hits the SL, I will re-analyze...
I will definitely go through Mark Douglas's book...Thanks and Regards
Ali Raza
Raza
- #13,960
- Jun 9, 2011 4:25pm Jun 9, 2011 4:25pm
- Joined Sep 2010 | Status: Trader | 11,327 Posts
charles seems to not have this issue?? from what i can see