yeah was a bit tight maybe but at a level that seemed to indicate the trade would be invalidated. Were well past that supporting TL now, so it aint looking good for longs...
- #31,801
- Aug 4, 2011 1:06am Aug 4, 2011 1:06am
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #31,802
- Aug 4, 2011 1:07am Aug 4, 2011 1:07am
- | Joined Feb 2010 | Status: Trader | 1,085 Posts
Use me as a contrarian indicator
- #31,804
- Aug 4, 2011 1:10am Aug 4, 2011 1:10am
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #31,806
- Aug 4, 2011 1:16am Aug 4, 2011 1:16am
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #31,807
- Edited 2:15am Aug 4, 2011 1:28am | Edited 2:15am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #31,809
- Aug 4, 2011 1:52am Aug 4, 2011 1:52am
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #31,812
- Aug 4, 2011 2:08am Aug 4, 2011 2:08am
- | Joined Jan 2009 | Status: Trader | 1,259 Posts
haha at the japs intervening. im glad i stayed out. now adding to my longs on au; 1.0688 HEAVY aiming for 950 . the moon full.
http://www.smiley-lol.com/smiley/bananas/banana213.gif
if you're one of these guys that like to play on short TF's like a m****t, by all means, go for it.
granted, there will be a reversal at some point, those will only show on smaller TF's...
but what ever your style is, is fine... get burnt out.
Ive been in this game for over a decade now.
if you're not pulling out a minimum of 750 pips a week, something is wrong with your trading style. I'm already up over a 1000 pips already this week and we still have 2 days trading left.
See you down at 1.0300 ish, i'll be happy to take your money
BTW, do you know how the Market Markers work? Do you know any guys who've traded on the trading floor who know how to take out your long and short positions then mess with your mind to make you go the other way, then stop you out, mess with your head even more so you reverse your position in hopes to get back what you lost before, then get stopped out again and your initial trade would of been in profit?
if not, maybe you need to find some guys who know what they are doing who have traded on the trading floor and or know of market makers who do this for a living - once you know who they are and if you're lucky they will tell you the patterns that emerge to let you know they are about to take out millions of dollars per pip, then I'll see you at the top of the 5% of those who win
best of luck!
granted, there will be a reversal at some point, those will only show on smaller TF's...
but what ever your style is, is fine... get burnt out.
Ive been in this game for over a decade now.
if you're not pulling out a minimum of 750 pips a week, something is wrong with your trading style. I'm already up over a 1000 pips already this week and we still have 2 days trading left.
See you down at 1.0300 ish, i'll be happy to take your money
BTW, do you know how the Market Markers work? Do you know any guys who've traded on the trading floor who know how to take out your long and short positions then mess with your mind to make you go the other way, then stop you out, mess with your head even more so you reverse your position in hopes to get back what you lost before, then get stopped out again and your initial trade would of been in profit?
if not, maybe you need to find some guys who know what they are doing who have traded on the trading floor and or know of market makers who do this for a living - once you know who they are and if you're lucky they will tell you the patterns that emerge to let you know they are about to take out millions of dollars per pip, then I'll see you at the top of the 5% of those who win
best of luck!
mate, we'll see you at 1.09. you said 1.0365 right?
sorry to hear that - but don't worry, we all experienced this before - part of the parcel of trading.
I've lost my shirt many a time - freak'n frustrating I can tell you.
You see, its not you that is making the mistakes. FX can get you to a point where you feel so stupid that there must be something wrong with you and your ability to trade well.
if you studied from books, or other forex resources, then you're learning the wrong way... the problem is they teach you to be a "retail trader"... s**t, even institutional traders get it wrong a lot of the time...
one needs to gear their mind to trade like a Market Maker, that's where the money is
first goal is to get rid of that emotional feeling of trading. if you're not 100% confident in pulling the gun on 10-50 lots per trade, stay on a demo for a while...
Forex will be around for a LONG time to come, plenty of time to study until you can become 100% confident in pulling that trigger with high accuracy.
The guys who showed me (unfortunately I can't reveal how its done due to a NDA I have signed some time back).
I'll do some trade calls from time to time... but I have to warn you, I trade mainly off Higher Time frames, but I use the lower time frames to spot the initial cycle of patterns then turn over to the larger ones to find those patterns again, book in profits then let it ride... if i get stopped at the point i booked my profits in: no problem... I wait for the next cycle to show the pattern and jump back in again
Do good stuff
Steve
I've lost my shirt many a time - freak'n frustrating I can tell you.
You see, its not you that is making the mistakes. FX can get you to a point where you feel so stupid that there must be something wrong with you and your ability to trade well.
if you studied from books, or other forex resources, then you're learning the wrong way... the problem is they teach you to be a "retail trader"... s**t, even institutional traders get it wrong a lot of the time...
one needs to gear their mind to trade like a Market Maker, that's where the money is
first goal is to get rid of that emotional feeling of trading. if you're not 100% confident in pulling the gun on 10-50 lots per trade, stay on a demo for a while...
Forex will be around for a LONG time to come, plenty of time to study until you can become 100% confident in pulling that trigger with high accuracy.
The guys who showed me (unfortunately I can't reveal how its done due to a NDA I have signed some time back).
I'll do some trade calls from time to time... but I have to warn you, I trade mainly off Higher Time frames, but I use the lower time frames to spot the initial cycle of patterns then turn over to the larger ones to find those patterns again, book in profits then let it ride... if i get stopped at the point i booked my profits in: no problem... I wait for the next cycle to show the pattern and jump back in again
Do good stuff
Steve
Yes had that experience and quite sick of it and would be more than happy to be making 750 a week! Happy to hear about any insights you have gleaned that youre willing to offer to point us in the right direction!
Ive had 3 years learning and thought it would be enough by now but obviously a lot still to go. I was on the way to doing numbers like that this week until the fucking SCB pulled the rug out from everyone...
- #31,816
- Aug 4, 2011 2:53am Aug 4, 2011 2:53am
You see, its not you that is making the mistakes. FX can get you to a point where you feel so stupid that there must be something wrong with you and your ability to trade well.
....
one needs to gear their mind to trade like a Market Maker, that's where the money is
....
first goal is to get rid of that emotional feeling of trading.
....
The guys who showed me (unfortunately I can't reveal how its done due to a NDA I have signed some time back).
Kinda hard to learn to think like a market maker if you dont know how they think beyond principles like S/R, round numbers/psych levels etc... And if you signed an NDA then that makes it even harder to find out!! ARRGHH!!
Yes feeling like that stupid oaf right about now...! Of course I'll feel like gun trader after a couple of wins. I know i should be past that emotional rollercoaster by now but its still affecting me from time to time...
Kinda hard to learn to think like a market maker if you dont know how they think beyond principles like S/R, round numbers/psych levels etc... And if you signed an NDA then that makes it even harder to find out!! ARRGHH!!
Google...
There is one guy who might be able to help, he never helped me though, the guys who helped me are much better than this guy: Martin Cole... google him
his stuff is pretty cheap. too cheap if you ask me.
Steve
This is a clients account, I had to take out lot sizes (due to NDA of client) and entry prices (had to take out due to NDA of MM'ers)...
TP's are there... monitor them.
These trades are currently up - over 1,400 pips already.
TP's are there... monitor them.
These trades are currently up - over 1,400 pips already.
- #31,819
- Aug 4, 2011 3:15am Aug 4, 2011 3:15am
S/R's is all a farse... that's retail trading.
There is one guy who might be able to help, he never helped me though, the guys who helped me are much better than this guy: Martin Cole... google him
his stuff is pretty cheap. too cheap if you ask me.
- #31,820
- Aug 4, 2011 3:16am Aug 4, 2011 3:16am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts