EURUSD | Page 26789 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #535,761
  • Sep 8, 2011 4:52am Sep 8, 2011 4:52am
lol very fustrating when its like this ,break above 1.4110 I will be looking to go up below 1.4040 will luk to short will look at PA when when either of these price hit ,no direction as to this moment ,only can say sort term trend is luking up since the visit of 1.3972
  • #535,762
  • Sep 8, 2011 4:55am Sep 8, 2011 4:55am
Quoting mohan76
today i only make mistakes

1. 4 times pressing wrong button (script)
2. 3 wrong entry
3. 2 early exit

not good day for me , good think after all this mistake manage to make net result of +8 pip

I would rather have an early exit with some pips than wait for the perfect exit that never happens - consistent growth is what matters to me not max winnings

If I exit early and get some loot, then it usually only means I wait a little bit longe for a much better entry in the oppisite direction - not a big deal and most importantly safe

I hardly ever trade the full range - usually only 80% of it (80/20 rule and all that).
  • #535,763
  • Sep 8, 2011 4:55am Sep 8, 2011 4:55am
Quoting Khazul
Not having actually seen how you use your account, perhpas Im going to be a bit harsh, but...

Its sounds like you have two prolems here:
1. Self discipline - too focussed on money and not trading pips.
2. Account management is terrible

Both combined are nearly guaranteed to wipe your account very quickly.

For 1 - something you are just going to have to learn to control. Being more foucssud on trade gains (pips) rather than money gains will help. Good analysis and planning of trades will also help t grow confidence (so your less nervous...
Not harsh at all, thanks a lot,

The most annoying thing is that i know this, on my Demo, things were great, just made the mistake of seeing gains as pips, and loses as money.....

In sort, i was made redundant a few months back, i'm relativity financially stable for a while, so figured instead of having the odd look at the markets i'd actually spend time and treat it as a business and see what i can do, maybe not have to get a "job" again if i can sort that little stupid voice in my head ... lol.

Did the calculation........ WOW!

Anyway, thanks to everyone with the advice and good luck today, i'll report back on my progress IF i manage to find a good entry, gona have a wait till 1 and 2 candles i think tho.

Thanks again

Dan
  • #535,764
  • Sep 8, 2011 5:00am Sep 8, 2011 5:00am
Quoting Khazul
Well all makke mistakes at some time - the market WILL catch you with your pants down at sometimes - thats guraranteed.

Heres what my wife and I did on our accounts in the beginning - start tiny (coiuple of hundred dollars) - double your money by conservative and sustainable trading, then double it again by boosting the account from personal savings (ie pumping more money in as confidence and trading experience grows, but only ever in line with the real returns from trading)

Keep going like that for a while, until the account is big enough...
Great advice thank you.

I want to make my trading money from trading, i have a happy face in my head for when i feel comfortable and prepared to pile some of my personal cash in.

That's not yet tho. i'm waiting until i show consistency, then i'll be more happy about adding money.

Dan
  • #535,765
  • Sep 8, 2011 5:00am Sep 8, 2011 5:00am
Quoting dantheman
In sort, i was made redundant a few months back, i'm relativity financially stable for a while, so figured instead of having the odd look at the markets i'd actually spend time and treat it as a business and see what i can do, maybe not have to get a "job" again if i can sort that little stupid voice in my head ... lol.
Thats more or less what happened to me - I took voluntary redundancy from a good job that I had gone from really enjoying to utterly hating over 15 years in it - meant I got out with some useful funds to take a break for a while and figure out life again etc.. - conclusion - corps can goto hell - had enough of them - particularly big american IT corps
  • #535,766
  • Sep 8, 2011 5:01am Sep 8, 2011 5:01am
Quoting dantheman
Not harsh at all, thanks a lot,

The most annoying thing is that i know this, on my Demo, things were great, just made the mistake of seeing gains as pips, and loses as money.....

In sort, i was made redundant a few months back, i'm relativity financially stable for a while, so figured instead of having the odd look at the markets i'd actually spend time and treat it as a business and see what i can do, maybe not have to get a "job" again if i can sort that little stupid voice in my head ... lol.

Did the calculation........ WOW!

Anyway,...
That lots of good advice, I like just add, go to "babypips" it is well worth your time, no more trade, leave your money in bank for now,
If you are new to Forex? Say Goodbye to your account!!
  • #535,767
  • Sep 8, 2011 5:02am Sep 8, 2011 5:02am
  •  ajdb
  • | Joined May 2011 | Status: stick to your trade plan | 32 Posts
Quoting Khazul
Well all makke mistakes at some time - the market WILL catch you with your pants down at sometimes - thats guraranteed.

Heres what my wife and I did on our accounts in the beginning - start tiny (coiuple of hundred dollars) - double your money by conservative and sustainable trading, then double it again by boosting the account from personal savings (ie pumping more money in as confidence and trading experience grows, but only ever in line with the real returns from trading)

Keep going like that for a while, until the account is big enough to...
I like that plan Khazul :-)

as a matter of interest, when you started trading did you stick with only trading eur/usd?

thanks,
  • #535,768
  • Sep 8, 2011 5:04am Sep 8, 2011 5:04am
Quoting KiwiTrada
That lots of good advice, I like just add, go to "babypips" it is well worth your time, no more trade, leave your money in bank for now,
i see eur/usd 50 pips down from here with tight stop loss . later i add pictures
looking for investors . pm me
  • #535,769
  • Sep 8, 2011 5:05am Sep 8, 2011 5:05am
The best time to scalp with minimum SL and minimum TP =)
1M & 5M scalper. 1Malaysia..
  • #535,770
  • Sep 8, 2011 5:05am Sep 8, 2011 5:05am
4071 short. TP 4005
looking for investors . pm me
  • #535,771
  • Sep 8, 2011 5:11am Sep 8, 2011 5:11am
Quoting KiwiTrada
Time to fasten your seatbelts, market is get ready to move, pick your direction or sit on Hands
For all who harvest green pips since brit open, congrates, for all who harvest red pips, should of sat on hands, 60mins begin "bombs" is tick tick, very important correct decision, if you dont know exactly what you doing, please sit on "hands" might be big, might be little, is an account killer tonight I think
If you are new to Forex? Say Goodbye to your account!!
  • #535,772
  • Sep 8, 2011 5:11am Sep 8, 2011 5:11am
[quote=dantheman;4937770]Not harsh at all, thanks a lot,

The most annoying thing is that i know this, on my Demo, things were great, just made the mistake of seeing gains as pips, and loses as money.....

In sort, i was made redundant a few months back, i'm relativity financially stable for a while, so figured instead of having the odd look at the markets i'd actually spend time and treat it as a business and see what i can do, maybe not have to get a "job" again if i can sort that little stupid voice in my head ... lol.

Did the calculation........ WOW!

Anyway, thanks to everyone with the advice and good luck today, i'll report back on my progress IF i manage to find a good entry, gona have a wait till 1 and 2 candles i think

You are not the only one with this problem. virtually most forex trader do. But ll have to cultivate that discipline of managing our account. I am also a vitim.
Maximizing your potentials!
  • #535,773
  • Sep 8, 2011 5:11am Sep 8, 2011 5:11am
Quoting mohan76
today i only make mistakes

1. 4 times pressing wrong button (script)
2. 3 wrong entry
3. 2 early exit

not good day for me , good think after all this mistake manage to make net result of +8 pip
When life gives you lemons, make lemonade
  • #535,774
  • Sep 8, 2011 5:13am Sep 8, 2011 5:13am
Sell Limit @ 1.4080 Tp: 1.4030 & 1.3970
SL : 1.4110
  • #535,775
  • Sep 8, 2011 5:14am Sep 8, 2011 5:14am
Quoting micho

looking for investors . pm me
  • #535,776
  • Sep 8, 2011 5:14am Sep 8, 2011 5:14am
Quoting dantheman
Great advice thank you.

I want to make my trading money from trading, i have a happy face in my head for when i feel comfortable and prepared to pile some of my personal cash in.

That's not yet tho. i'm waiting until i show consistency, then i'll be more happy about adding money.

Dan
try this simple but yet effective trading method ,I use it too and found it very easy to follow ,just thought put a link here it may help
http://www.forexfactory.com/showthread.php?t=280673
  • #535,777
  • Sep 8, 2011 5:15am Sep 8, 2011 5:15am
Quoting Artemis21
Sell Limit @ 1.4080 Tp: 1.4030 & 1.3970
SL : 1.4110
good entry will be
looking for investors . pm me
  • #535,778
  • Sep 8, 2011 5:19am Sep 8, 2011 5:19am
Quoting Spacetec
try this simple but yet effective trading method ,I use it too and found it very easy to follow ,just thought put a link here it may help
http://www.forexfactory.com/showthread.php?t=280673
Great stuff cheers

Dan
  • #535,779
  • Sep 8, 2011 5:20am Sep 8, 2011 5:20am
Quoting kbmoonshinex
good entry will be
I Hope.. Thanks Dear
  • #535,780
  • Sep 8, 2011 5:21am Sep 8, 2011 5:21am
Quoting kbmoonshinex
i see eur/usd 50 pips down from here with tight stop loss . later i add pictures

Bro my hands is squashed under my butt maybe 13 min might get precursor hint, I have my jig saw almost complete, I still no wiser
I have my bias, but is prejiduced, is dangerous thing I still sacred yoda

Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
288 traders viewing now, 1 is registered:
F.g