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  • #520,381
  • Aug 11, 2011 12:09pm Aug 11, 2011 12:09pm
Quoting attila
Just slowly realizing what is really important and what's not. The last several years I've lost a lot of very good friends and family. That will do it to you I guess...
Mkt has to be secondary attila. Family and friends and life FIRST. Took me yrs to figure that out but once you do, the mkt falls into place for ya
  • #520,382
  • Aug 11, 2011 12:09pm Aug 11, 2011 12:09pm
Quoting sofia101
Hi egkid ,how are you ?
Hello MY dear friend Sofia
Weather sooo Hot and Ramadan not easy this year
Came from work before few H and now checking what next will post soon
How ur day, Ur sell triggered as we talked yesterday or what u did?
  • #520,383
  • Aug 11, 2011 12:09pm Aug 11, 2011 12:09pm
Quoting pipper
4215 might cap it for a bit of shorties
Hi Pipper ) how are you?
  • #520,384
  • Aug 11, 2011 12:09pm Aug 11, 2011 12:09pm
Quoting sofia101
People who trade for a living doing this for years ,it takes time ,I trade for 7 years now ,you can not master forex or self in a couple month
my main problem is not entering successful trades but to manage the psychological path of it.

I let my trades run for +200 thinking it will go to +300 but then it goes against me. I panic and then close the trade for BE or -100

I need to train my brain...cause this forex makes me look stupid
  • #520,385
  • Aug 11, 2011 12:10pm Aug 11, 2011 12:10pm
Quoting pkimnyc
all good here pipchick. i was practically done by tues.
  • #520,386
  • Aug 11, 2011 12:10pm Aug 11, 2011 12:10pm
http://www.forexfactory.com/attachme...4&d=1313077106

hit and reverse
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 20 KB
Verily, in every difficulties there is relief
  • #520,387
  • Aug 11, 2011 12:10pm Aug 11, 2011 12:10pm
Quoting sofia101
It happened to me too ,but I am still enjoying live with all my energy ,but of course I know what is really important and it is your family and friends )
Yes. Life goes on.
  • #520,388
  • Aug 11, 2011 12:13pm Aug 11, 2011 12:13pm
Quoting needpips
Spot on...can u post 1.395 now....Geez....
Hi
How was ur day going?
Will post my view for tomorrow later , watching 1.42 and 1.4265 for now
  • #520,389
  • Aug 11, 2011 12:13pm Aug 11, 2011 12:13pm
Hi Sofia. I'm good. How are you. Just back from the day job here checking out the charts. Another whippy day i see.

Quoting sofia101
Hi Pipper ) how are you?
Disclaimer: Check your 1m charts
  • #520,390
  • Aug 11, 2011 12:13pm Aug 11, 2011 12:13pm
Quoting egkid
Hello MY dear friend Sofia
Weather sooo Hot and Ramadan not easy this year
Came from work before few H and now checking what next will post soon
How ur day, Ur sell triggered as we talked yesterday or what u did?
Hi again) It is hot here too 105 degrees ,I traded my call sold@81, closed and will wait for a little , because I just woke up ,drinking coffee ) Can not wait to see your calls they usually very close to mine ,take care )
  • #520,391
  • Aug 11, 2011 12:14pm Aug 11, 2011 12:14pm
Quoting kurt_chris18
yeah you are right too! one time i won 700 pips in 1 day and -400 the following day!
OK, kurt, listen mate. You are not diciplined, for if you were, you'd never suffer those sorts of losses. I think we have got to the bottom of your problems. You've got to have a strategy right, so do you stick to it? Bet you don't! I know about stupid losses, we all do, and they happen when we abandon our trading rules. If you cannot follow your strategy, you cannot succeed as a trader. Work on your discipline, and work on it like your life depends on it. Stick memos on your wall, do whatever you can to make sure that you do not lose your composure. If the trade doesn't feel right or look right, let it go, there will be plenty more on the way. That's it from me. Best of luck to you, believe in yourself, and Discipline is the key my friend!!!
  • #520,392
  • Aug 11, 2011 12:15pm Aug 11, 2011 12:15pm
Quoting primzvicious

hit and reverse
Yeah , S & R Playing good if use right
  • #520,393
  • Aug 11, 2011 12:15pm Aug 11, 2011 12:15pm
Quoting pipper
Hi Sofia. I'm good. How are you. Just back from the day job here checking out the charts. Another whippy day i see.
I am fine have to go on call today a little later ,so I will not be trading until Asia ,just checking charts)
  • #520,394
  • Aug 11, 2011 12:15pm Aug 11, 2011 12:15pm
Quoting TheFutureAce
my main problem is not entering successful trades but to manage the psychological path of it.

I let my trades run for +200 thinking it will go to +300 but then it goes against me. I panic and then close the trade for BE or -100

I need to train my brain...cause this forex makes me look stupid

The way to go about it is to determine beforehand the amount you want to make in a day or a week, etc. Once you hit it, clear out no matter what
  • #520,395
  • Aug 11, 2011 12:16pm Aug 11, 2011 12:16pm
Quoting pipper
4215 might cap it for a bit of shorties
Maybe, but I dont think so. I think price is just futzing around 4200 before another leg down.
  • #520,396
  • Aug 11, 2011 12:16pm Aug 11, 2011 12:16pm
Quoting TheFutureAce
my main problem is not entering successful trades but to manage the psychological path of it.

I let my trades run for +200 thinking it will go to +300 but then it goes against me. I panic and then close the trade for BE or -100

I need to train my brain...cause this forex makes me look stupid
What you need to do is have targets. Each trade needs to have a take profit, even if it's multiple points... track them out... targets #1, #2, #3 etc...

and a 'I am wrong point. Some people use stops, others close the order when price closes below a certain level.

Trade zone to zone dependant on the time frame you are looking at. If you are on the 5m, you shouldn't be targeting 100+ runs, you should be looking for 10-50(on the extreme) side.

On the other hand, on the daily, I am usually looking for 150-500(extreme again). Calculate your risk, expected profit levels...

Make this a very programmatic experience. If-then-if-then-else. Don't worry about the noise that happens in the markets... it's just a part of it.

Example yesterday I took a u/j long in late asia... I mentioned to someone if it closes below x level, I will close the order out as well. the 15m chart I was looknig at closed below, so on the retest of my 'i am wrong' level, I closed it. -3 pips or so (2 of which was the spread). It just so happened that this was also a level that determined the direction. I didn't take the short because I was exhausted and needed to relax a minute, but it would have netted me a cool 22 pips (target to the south side). 30 if I would have played a bit of slip.

It takes time, and a lot of it. But once you 'get it'... you will be staring yourself in the mirror... going wtf? really? That was it? This becomes a very boring experience for income and while we say we try not to become predictors of pa, but reactors... it sure likes to behave a certain way time and time again.
  • #520,397
  • Aug 11, 2011 12:16pm Aug 11, 2011 12:16pm
Quoting egkid
Yeah , S & R Playing good if use right
now watching 255-280 again
Verily, in every difficulties there is relief
  • #520,398
  • Aug 11, 2011 12:17pm Aug 11, 2011 12:17pm
Quoting sofia101
People who trade for a living doing this for years ,it takes time ,I trade for 7 years now ,you can not master forex or self in a couple month
almost everyday after breakfast i will manage to win 100 pips and at the end of the day il end up losing it all before going to sleep, thats almost evryday last month! why is it do you think?
not a single pip can escape my sharingan!
  • #520,399
  • Aug 11, 2011 12:17pm Aug 11, 2011 12:17pm
Quoting egkid
Hi
How was ur day going?
Will post my view for tomorrow later , watching 1.42 and 1.4265 for now
great...hope u are having a good one!...Look forward to your thoughts as always
  • #520,400
  • Aug 11, 2011 12:18pm Aug 11, 2011 12:18pm
Quoting kurt_chris18
almost everyday after breakfast i will manage to win 100 pips and at the end of the day il end up losing it all before going to sleep, thats almost evryday last month! why is it do you think?
You are the only one that can answer that question. You are the one performing the actions. What are you doing for the winners? The losers? What's the difference there?
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