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  • #513,161
  • Aug 6, 2011 5:40pm Aug 6, 2011 5:40pm
We all have to go to hell and back for this.
Quoting PayTheLimit
Well brother, I think you'll figure it out, prolly just hit a bad streak. I recall losing money for days and weeks, maybe six months in all. I remember the low point, I had like 200 bucks in my account, and when I walked on the trading floor that morning, they head of my clearing firm intercepted me. He asked me if I was going to fund my account. I said sure, sure, no problem. It was a lie, I was flat broke, must of had $500 to my name. I was convinced that that was my last day on the floor. The pressure was off, I was finished, and that was the...
  • #513,162
  • Aug 6, 2011 5:41pm Aug 6, 2011 5:41pm
Quoting fxjawn
stop it!
Quoting Wulfgar
you started it!
Keep it down...the pair of yis!
  • #513,163
  • Aug 6, 2011 5:42pm Aug 6, 2011 5:42pm
Quoting kenfen69
Very true!

Only time I ever blew up, I was over-leveraging. Have lost weeks worth of good, though, by chasing...several times. These days, if I'm going to average, I average...but I won't go in hard, then move stops and start averaging. One or the other for me.

[b]I also find I need to take breaks throughout the day. Just walk away for a while and forget it. 20 mins to an hour kind of thing. My bias tends to get skewed when I'm constantly following along. Even if it is going against me, I'll convince myself its going to turn back at the...
Absolutely the same thing with me. I was in a situations of shorting the mountain all the way to the top
But never did it with fresh eyes. It's better and more profitable to crash the computer that moment and buy another one next morning than trade those moments.
big numbers are our friends...
  • #513,164
  • Aug 6, 2011 5:43pm Aug 6, 2011 5:43pm
Quoting kenfen69
Keep it down...the pair of yis!
  • #513,165
  • Aug 6, 2011 5:43pm Aug 6, 2011 5:43pm
Quoting kenfen69
Very true!

Only time I ever blew up, I was over-leveraging. Have lost weeks worth of good, though, by chasing...several times. These days, if I'm going to average, I average...but I won't go in hard, then move stops and start averaging. One or the other for me.

I also find I need to take breaks throughout the day. Just walk away for a while and forget it. 20 mins to an hour kind of thing. My bias tends to get skewed when I'm constantly following along. Even if it is going against me, I'll convince myself its going to turn back at the next...
repetition reinforced by positive results i guess is the only way to do it...
  • #513,166
  • Aug 6, 2011 5:43pm Aug 6, 2011 5:43pm
Quoting pkimnyc
Bastards don't seem to give a sh!t about the event yet.
Thing about bastards...they can be lazy when it matters most!

Another typical bastard fake-out maneuver!
  • #513,167
  • Aug 6, 2011 5:48pm Aug 6, 2011 5:48pm
you gotta think like a bastard to put it to the bastards...



damn that was almost poetic....
  • #513,168
  • Aug 6, 2011 5:56pm Aug 6, 2011 5:56pm
Quoting PayTheLimit
Well brother, I think you'll figure it out, prolly just hit a bad streak. I recall losing money for days and weeks, maybe six months in all. I remember the low point, I had like 200 bucks in my account, and when I walked on the trading floor that morning, they head of my clearing firm intercepted me. He asked me if I was going to fund my account. I said sure, sure, no problem. It was a lie, I was flat broke, must of had $500 to my name. I was convinced that that was my last day on the floor. The pressure was off, I was finished, and that was the...

B4 Frank Dodd....I had 200:1 Lev......Took a 10K CC loan to fund an Acct (right after 1 month of demo)....made a couple hundred on a few weeks of trading......then I got into a losing EU trade...then another then it snowballed into several....after being down to about 1K in a major looser, I relented and let go......made it all back plus 50K in 3 months. Then Frank Dodd.....Lost most except a few K......I took off 4 months and then started back in.....its been nutz, but the good part is Im consistent now....My biggest revelation, BE SL......Totally transformed my trading......I now go days w/o any losses.....truly a confidence builder...
  • #513,169
  • Aug 6, 2011 6:01pm Aug 6, 2011 6:01pm
Quoting FibbinArchie
repetition reinforced by positive results i guess is the only way to do it...
Powerful words, brother!

Nail right on the head there, I would say! I stick to my routine over and over these days. When I'm introducing something new, it will be based off my tried and tested methods, but I may scale 90-95% out of a trade and leave the rest to float on whatever I'm trying out. Or if its an entry, I'll go in small until I'm totally comfortable...that way I still have virtually all my free margin for if, and when, my regular setups arrive.

My entries rarely change these days, though. Exits...I'm always trying new things out to bleed as much out of the bastards as possible.
  • #513,170
  • Aug 6, 2011 6:06pm Aug 6, 2011 6:06pm
Quoting Wulfgar
you gotta think like a bastard to put it to the bastards...



damn that was almost poetic....
F**king with bastards is fun
show my stop and they think I'm done
but then they'll see
I got away with ease

They can chase me around
and draw me down
but in the end, they'll all have a frown
  • #513,171
  • Aug 6, 2011 6:09pm Aug 6, 2011 6:09pm
Quoting bman204
People like this should die. Selfish, egotistical and ignorant. What purpose besides gloating is found in this post? All you are doing is trying to boost your ego. If you aren't trying to make other people's lives better, you're wasting your time living. Time to change your attitude buddy.

Very nice post bman. Nobody likes, or benefits from, an antagonist.
  • #513,172
  • Aug 6, 2011 6:10pm Aug 6, 2011 6:10pm
Hello All,

Just opened up Oanda for EUR /USD Pair on 5 m and as you can see the bollinger bands went a bit nuts at closing the other day.

Just wondering if any of you have seen this before and if it means anything?

Otherwise ill just take it as one of Oanda's usual glitches.

The green line - High 1.437 / Low 1.4096 , I havnt edited this it just drew this way including the circle on the chart.



[IMG]file:///C:/Users/jon/AppData/Local/Temp/moz-screenshot-3.png[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: weird oanda chart EURUSD.jpg Size: 36 KB
  • #513,173
  • Aug 6, 2011 6:14pm Aug 6, 2011 6:14pm
the last mojito got me, time for some sleep, enjoy the rest of the weekend, PTL...
Look Sharp/Trade Tight
  • #513,174
  • Aug 6, 2011 6:17pm Aug 6, 2011 6:17pm
Quoting jonk
Otherwise ill just take it as one of Oanda's usual glitches.
I would put my money on that.
  • #513,175
  • Aug 6, 2011 6:18pm Aug 6, 2011 6:18pm
Quoting PayTheLimit
the last mojito got me, time for some sleep, enjoy the rest of the weekend, PTL...
  • #513,176
  • Aug 6, 2011 6:18pm Aug 6, 2011 6:18pm
Quoting PayTheLimit
the last mojito got me, time for some sleep, enjoy the rest of the weekend, PTL...
Good man, PTL!

Mine are just about to begin where you left off...its a global mojito train!

Catch you soon.
  • #513,177
  • Aug 6, 2011 6:18pm Aug 6, 2011 6:18pm
Quoting needpips
B4 Frank Dodd....I had 200:1 Lev......Took a 10K CC loan to fund an Acct (right after 1 month of demo)....made a couple hundred on a few weeks of trading......then I got into a losing EU trade...then another then it snowballed into several....after being down to about 1K in a major looser, I relented and let go......made it all back plus 50K in 3 months. Then Frank Dodd.....Lost most except a few K......I took off 4 months and then started back in.....its been nutz, but the good part is Im consistent now....My biggest revelation, BE SL......Totally...

Quiet Inspirational,PTL .
agree 100% with Needpips's stategy.
accepting loss asap is the key here. not holding the trade The second you realize your perceived S/R didn't come out true.Not giving a single pip to market when you know your on wrong side of PA.

I always go back to Kill56's graveyard after losing trade to recall trading 101 and it works.
all the rules set for the game,especially,waiting patiently for the market to come to your perceived S/R and not jumping where market (basterds!!!! yeah!!) want you to play
  • #513,178
  • Aug 6, 2011 6:20pm Aug 6, 2011 6:20pm
Quoting pkimnyc
Sleepy...or passy outty?
  • #513,179
  • Aug 6, 2011 6:22pm Aug 6, 2011 6:22pm
Quoting ForeXraider
recall trading 101 and it works.
yep, stick to the basics... always works. not only trading... many things we do in life.
  • #513,180
  • Aug 6, 2011 6:23pm Aug 6, 2011 6:23pm
Quoting kenfen69
Sleepy...or passy outty?
lol. not yet brotha. night still young...
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