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  • #483,381
  • Jul 7, 2011 7:19pm Jul 7, 2011 7:19pm
nice i see my Tp was hit 4236 . ok now i go long 4354. 4465 TP
looking for investors . pm me
  • #483,382
  • Jul 7, 2011 7:25pm Jul 7, 2011 7:25pm
Quoting PhAnTi'
ok...it's time that i add my 2 cents to this freaky discussion about mercy....

he never insulted anybody in here.... yes he does speak german in here, thats his characteristic...his way to post...i dont know....

fact is : anybody who feels bothered by his posts,etc. should set him onto the ignore list...that's it....

this one goes to Cloggie as well... there are guys speakin russian,german,spain and even binary (lol)...put them on your ignore lists and keep cool.

and if it is against the god damn ff.com rules Twee and Co. should contact...
Forums are not private clubs. One should observe the general language etiquette just as in any other environment. An ocassional remark is OK but whole post .. questionable.
  • #483,383
  • Jul 7, 2011 7:26pm Jul 7, 2011 7:26pm
Quoting kbmoonshinex
nice i see my Tp was hit 4236 . ok now i go long 4354. 4465 TP
flipping the coin again? : P
Hero calls followed by margin calls...
  • #483,384
  • Jul 7, 2011 7:31pm Jul 7, 2011 7:31pm
while 63 is holding, I will see how 40 reacts, but we are going to be stuck in that pre-nfp range.. 4402 would be lovely.

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  • #483,385
  • Jul 7, 2011 7:32pm Jul 7, 2011 7:32pm
Quoting Jazznos
Ive gone live with a funded account this week, and I think its a symptom of adjusting to that. If anyone has any tips or suggestions to help, Im happy to hear them - I know what i have to do but happy to benefit from any experience :-)
Plan the trade...trade the plan.

If you did exactly that, then don't sweat it. Winners will come...so will some losses. Nothing wrong with BE.

Just curious...how many pips were you up before you moved your stop? Would you do the same thing next time? What was your initial risk/reward?
  • #483,386
  • Jul 7, 2011 7:39pm Jul 7, 2011 7:39pm
[quote]
Quoting Jazznos
Morning all, hope some of you at least got that down move during UK sesh. I missed it as i moved my SL to BE after we had moved down a bit, near UK open yesterday only to get stopped out (green and red arrow show entry and exit.
No loss is almost a win and far better than a loss. Try multiple positioning with different TP to get some in the bag.

I took a loss on that same move cuz I fell a sleep with out getting to BE. Being up 80 pips and losing 20 is a kick in the nuts! I need to re-ajust my thinking to a more reasonable TP also, exspecally on non monitored trades.
  • #483,387
  • Jul 7, 2011 7:39pm Jul 7, 2011 7:39pm
Quoting kenfen69
Plan the trade...trade the plan.

If you did exactly that, then don't sweat it. Winners will come...so will some losses. Nothing wrong with BE.

Just curious...how many pips were you up before you moved your stop? Would you do the same thing next time? What was your initial risk/reward?
Hey kenfen...

It was a BE day over 3 trades, so I really cant complain too much. GU did nothing good, so forget that... Just have to make sure I never make this mistake again as its happened to me a lot.

I generally have a 30 pip SL, which I move to BE once price is 30 pips in my favour. Then I'll trail it every 10 pips or so but once in profit I like to keep about 20 pips behind price depending on what its doing. In this case it would have been R:R of 1:3 so pretty happy with that...!

The fib targets i use are generally incredibly accurate but of course dont work every time. I need to have enough faith im them to ride it out and not bail out too early being tempted by a bird in the hand (except when theres obvious barriers to it perhaps...)

Im happy with this approach, it generally works well on EUR which is pretty well behaved unlike cable... AUD not too bad but its less decisive and committed and can take its time... But if you can see any holes or can suggest improvements Im happy to hear em :-)
  • #483,388
  • Jul 7, 2011 7:44pm Jul 7, 2011 7:44pm
Quoting buonvangvn
h4
But that goes against the latest funnymentals following Trickies rhetoric yesterday. Are you suggesting he's bs'ing us ??? Then again, there's more Fundies later that may favour the other ugly sister, so your scenario could play out, I guess.

Interesting post.
  • #483,389
  • Jul 7, 2011 7:44pm Jul 7, 2011 7:44pm
Quoting Chillypiper

No loss is almost a win and far better than a loss. Try multiple positioning with different TP to get some in the bag. I took a loss on that same move cuz I fell a sleep with out getting to BE. Being up 80 pips and losing 20 is a kick in the nut! I need to re-ajust my thinking to a more reasonable TP also, expecsally on non monitored trades.
That sucks mate... i feel your pain ;-) I used to use auto trailing stops but they can screw you over when its volatile - might be worth your while using if youre not going to be babysitting the trades though? Ive considered it lately too...

Otherwise maybe give my (well Bobokus' actually!) fibs a go, and see how well they work for giving you profit targets. Works like a dream on EUR. Really cleared the fog in trading for me once i started using em
  • #483,390
  • Jul 7, 2011 7:44pm Jul 7, 2011 7:44pm
still hold a short entered @ 4370...with sl @ BE....
hmmmmmmmm
Patience, Emotion Control and Discipline.
  • #483,391
  • Jul 7, 2011 7:52pm Jul 7, 2011 7:52pm
Quoting Jazznos
Morning all...
Welcome to the real deal

BE = no risk = good. Just wait for next setup
  • #483,392
  • Jul 7, 2011 7:53pm Jul 7, 2011 7:53pm
We could see this big downmove as shown on blue dotted arrow to 413X region, but right now were sitting on support. In our favour we have the UTL possibly containing further upmoves and the 61.8 of the last major downmove, but not too much else...

If we breach support at 4340ish, then it could be on... but im a bit wary until then, even though now would be the time id want to be getting in...
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  • #483,393
  • Jul 7, 2011 7:57pm Jul 7, 2011 7:57pm
Quoting Jazznos
That sucks mate... i feel your pain ;-) I used to use auto trailing stops but they can screw you over when its volatile - might be worth your while using if youre not going to be babysitting the trades though? Ive considered it lately too...

Otherwise maybe give my (well Bobokus' actually!) fibs a go, and see how well they work for giving you profit targets. Works like a dream on EUR. Really cleared the fog in trading for me once i started using em
Yeah, I actually know better to use a trailing stop and pissed at myself!
I basically use the same fib extension adding in 78.6 127.2 and 141.4 with MT4 and just flip her around for profit along with R/S of course. Nice chart,look very similar to mine!

Pips to you sir! GL
  • #483,394
  • Jul 7, 2011 8:08pm Jul 7, 2011 8:08pm
Quoting Jazznos
We could see this big downmove as shown on blue dotted arrow to 413X region, but right now were sitting on support. In our favour we have the UTL possibly containing further upmoves and the 61.8 of the last major downmove, but not too much else...

If we breach support at 4340ish, then it could be on... but im a bit wary until then, even though now would be the time id want to be getting in...
if you're into fib ext...

look where the 161.8 from ~73 and ~35 goes. Just let this range play out.

i'm off
  • #483,395
  • Jul 7, 2011 8:14pm Jul 7, 2011 8:14pm
I know i talked about the BULL flag earlier...like 5 hrs ago....sissie gave some comments about it...if 4343 holds we had two lower lows and would make this flag...valid....I'm looking for 43 to hold...if not...this will go farther down....perhaps to Gators numbers...

I'm holding out that I am calling one right....if NFP wasn't on the agenda....it may have happened already....

at least I'm willing to call it and not after the fact.....
  • #483,396
  • Jul 7, 2011 8:18pm Jul 7, 2011 8:18pm
kind of flat now...before Non Farm..probabli consolidation more likely...
Patience, Emotion Control and Discipline.
  • #483,397
  • Jul 7, 2011 8:20pm Jul 7, 2011 8:20pm
then again....we are ranging about 20 pips...so a b/o NORTH if not a BULL flag would take us to just 4281/83 which could be a TOP as gator gave a number of 4374 to NORTH
  • #483,398
  • Jul 7, 2011 8:22pm Jul 7, 2011 8:22pm
Long from yesterday at 1.4296 still rocking,....Gettin off this money train at stop 1.4460.....as far as anyone waiting for a drop,...hope u packed a snickers,...
  • #483,399
  • Jul 7, 2011 8:33pm Jul 7, 2011 8:33pm
Quoting Jazznos
It was a BE day over 3 trades, so I really cant complain too much. GU did nothing good, so forget that... Just have to make sure I never make this mistake again as its happened to me a lot...

...But if you can see any holes or can suggest improvements Im happy to hear em :-)
Couple recommendations...

First- Don't be afraid to "know" one pair intimately. I will trade several pairs/instruments when things are on the move...and I'm on my "game" but...if I want some bread and butter...this pair is where I focus. I rarely get a WTF moment on this pair, and if I do...I'm out immediately! In profit, or loss. Tools down...ask questions later.

Second- Don't trail too close. If you're monitoring your trades...what the hell is wrong with banking 30pips? Then catch the next one? I'm trying to compare your strategy to those that I use, and you seem to be in between my scalping and swing strategies. Here's a third rec.

Third- Never be afraid to take profit. I do this on my scalps and swings...and it makes a big difference. Chillypiper suggested multiple entries and then closing some. Great suggestion! Or you could grab something like this... http://www.forexfactory.com/showthre...99#post2029899 and open one trade and it will do the rest according to what you set up. Pull some off the table...leave your stop where it was originally. At TP #2...remove some more and then put the rest to BE.

Sorry mate... My neighbors just called over for a beer...this post got broken up. Gonna hit submit and we'll go from there...sorry for the delay.

You'll be fine. BE can't hurt you're number one tool...CAPITAL!
  • #483,400
  • Jul 7, 2011 8:47pm Jul 7, 2011 8:47pm
Quoting kenfen69
First- Don't be afraid to "know" one pair intimately. I will trade several pairs/instruments when things are on the move...and I'm on my "game" but...if I want some bread and butter...this pair is where I focus. I rarely get a WTF moment on this pair, and if I do...I'm out immediately! In profit, or loss. Tools down...ask questions later.

Second- Don't trail too close. If you're monitoring your trades...what the hell is wrong with banking 30pips? Then catch the next one? I'm trying to compare your strategy to those that...
Thanks bro... All good tips.. With you on 1) I love EUR, its the easiest to trade and I would be devastated if the EUR collapses! Hope we would find something else as good...

2) yes i am between scalping and swing, would prefer to be more of a swinger though ;-) I will work on some consistency around partial closes etc, sometimes greed still gets the better of me on that front though :-(

3) as per 2) above but unfortunately im not on MT4 currently, i would need to change brokers, which I may do, as I cant use any EAs at all now...

Thanks again, green pips to all
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