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  • #550,621
  • Oct 14, 2011 10:46am Oct 14, 2011 10:46am
Quoting Tom_D_Trader
I think so as well. This is just a final major retracement before downfall. How high shall it go? Thats what I would like to know. I am currently waiting for a minor bearish retracement confirming bearish downtrentrend.

T
I can't PM you, do you mind switching on your pm function and drop me a pm? will send you my email after that
  • #550,622
  • Oct 14, 2011 10:47am Oct 14, 2011 10:47am
just saw a post that brought to my attention that we stopped at monthly pivot. must admit i wasn't aware

wedge is getting tooooooo tight. buttons about to start poppin?

my number is 1.3920. above that some. that's where i'll be looking to short. maybe i will be loosing an opportunity (still haven't place a single trade today...) but rather loose an opp than $$

green pips, K

Quoting kuroro001
That move down is just too slow...bulls are waiting for a good price to kick in again...still waiting for 1,391x
Attached Image
dreams do come true.
  • #550,623
  • Oct 14, 2011 10:50am Oct 14, 2011 10:50am
Quoting kings4ril
i can't imagine the kind of decisions i make over and over again and still not been able to resolve. its incredible how this two emotional act fear of losing and greed stare at me even at my correct knowledge of the market direction, maybe having problem with exit, i got into the trade at 3859, the market bounce back twice at 91 i never exit, end up exit at +3 pips. i have been shot out 3 time, had the chance to at least redeem some drawbacks yet the more i tried the more i keep deepening over same decision, i desire to be a good trader not to make...
Try partially close trades and let other part at BE.
  • #550,624
  • Oct 14, 2011 10:55am Oct 14, 2011 10:55am
Quoting fx111
Try partially close trades and let other part at BE.
thanks man, i guess is bcus of the loses i have xperince, its just to me as if i should recover immediately
  • #550,625
  • Oct 14, 2011 11:01am Oct 14, 2011 11:01am
even after a few thousand hours of trading (about 3 or 4 years of up to 16h a day).

my wife repeatedly tells me: "remember dear, your not gonna get rich TODAY!" that's probably the best thing she tells me right after "i love it when F$%& in the A#$!" LOLOLOL

My real advice is "never ever give. u WILL get there. it just takes longer than you thought"

but who am i to give advice...

green pips all



Quoting kings4ril
i can't imagine the kind of decisions i make over and over again and still not been able to resolve. its incredible how this two emotional act fear of losing and greed stare at me even at my correct knowledge of the market direction, maybe having problem with exit, i got into the trade at 3859, the market bounce back twice at 91 i never exit, end up exit at +3 pips. i have been shot out 3 time, had the chance to at least redeem some drawbacks yet the more i tried the more i keep deepening over same decision, i desire to be a good trader not to make...
dreams do come true.
  • #550,626
  • Oct 14, 2011 11:05am Oct 14, 2011 11:05am
Quoting jayjb
I can't PM you, do you mind switching on your pm function and drop me a pm? will send you my email after that
Y, sorry, I am paranoid when it comes to internet, so I block everything I can. Adding you to buddys, you should be able to send me PM then.

T
"I know one thing, that I know nothing." Sokrates
  • #550,627
  • Oct 14, 2011 11:07am Oct 14, 2011 11:07am
Quoting wannaberich
"remember dear, your not gonna get rich TODAY!" that's probably the best thing she tells me right after "i love it when F$%& in the A#$!" LOLOLOL
Yep, that pretty much sums today up for me as well.
Managed to have green pips on several morning trades.. Just to see my sell orders later that day get complete f*cked by huge upbars(on multiple pairs-critical levels) that immediately hitted my SL's. Which caused me to go red within a sec for today.

Now that I look back at it it could all be avoided by simply removing the orders before these channels got broken way too close at these resistance levels I had my orders on.. On the other side that lost amount is actually worth it considering the lesson I have learned from it.. That's another way to look at it I suppose
  • #550,628
  • Oct 14, 2011 11:11am Oct 14, 2011 11:11am
but how desperating can it be to do a mistake, that you know already after a gazzilion bad trades that is a mistake, and still do it!?

realllllly hate that feeling!

just yesterday i was around 60 pips green on the move down. i saw a clear signal up, i saw the huge stopping vol on the 5m candles down but still (greed) i found reasons to justify leaving the trade open while i slept. guess what i woke up to?

green pips, R

Quoting Robertk
Yep, that pretty much sums today up for me as well.
Managed to have green pips on several morning trades.. Just to see my sell orders later that day get complete f*cked by huge upbars that immediately hitted my SL's. Which caused me to go red within a sec for today.

Now that I look back at it it could all be avoided by simply removing the orders before these channels got broken way too close to these resistance levels I had my orders on.. On the other side that lost amount is actually worth it considering the lesson I have learned from it.....
dreams do come true.
  • #550,629
  • Oct 14, 2011 11:12am Oct 14, 2011 11:12am
Quoting wannaberich
even after a few thousand hours of trading (about 3 or 4 years of up to 16h a day).

my wife repeatedly tells me: "remember dear, your not gonna get rich TODAY!" that's probably the best thing she tells me right after "i love it when F$%& in the A#$!" LOLOLOL

My real advice is "never ever give. u WILL get there. it just takes longer than you thought"

but who am i to give advice...

green pips all
Bravo..... thanks the for the advice. i won't there give up. giving up is like accepting defit, i chose not to accpt it. i have to beat myself.
thanks once again
  • #550,630
  • Oct 14, 2011 11:20am Oct 14, 2011 11:20am
Wannaberich..if you are so kind..one more advice please...

I have 1 buy @1.3882...and 1 sell @1.3849 (hedge by fear)

any thought`s?

ps: 10+ wife


Quoting wannaberich
even after a few thousand hours of trading (about 3 or 4 years of up to 16h a day).

my wife repeatedly tells me: "remember dear, your not gonna get rich TODAY!" that's probably the best thing she tells me right after "i love it when F$%& in the A#$!" LOLOLOL

My real advice is "never ever give. u WILL get there. it just takes longer than you thought"

but who am i to give advice...

green pips all
Look like a girl, act like a lady, think like a man and work like a dog.
  • #550,631
  • Oct 14, 2011 11:28am Oct 14, 2011 11:28am
failed break of the bottom of the wedge. don't have entries on the indis but am taking it anyway. my sl it below 3810 and tp 3930 (might close it lower if it shivers around 20).
dreams do come true.
  • #550,632
  • Oct 14, 2011 11:30am Oct 14, 2011 11:30am
Quoting wannaberich
failed break of the bottom of the wedge. don't have entries on the indis but am taking it anyway. my sl it below 3810 and tp 3930 (might close it lower if it shivers around 20).
Same here...
COT: The precious data ignored
  • #550,633
  • Oct 14, 2011 11:35am Oct 14, 2011 11:35am
Quoting Simonik
Wannaberich..if you are so kind..one more advice please...

I have 1 buy @1.3882...and 1 sell @1.3849 (hedge by fear)

any thought`s?

ps: 10+ wife
Bought under the resistance and sold above the support...not a good move mate.
But in my opinion, you have more chance of seeing a higher move if you look at an intraday chart....swing is upside oriented..
Now either close everything and enjoy the week end....or close the one in profit, let the other one running until it's in profit....but its a tough decision, that's why i don't hedge anymore but use stop loss instead
COT: The precious data ignored
  • #550,634
  • Oct 14, 2011 11:38am Oct 14, 2011 11:38am
15m 20ema is usually a good sup/res. just saw it just below us

Quoting kuroro001
Same here...
dreams do come true.
  • #550,635
  • Oct 14, 2011 11:38am Oct 14, 2011 11:38am
I went long as shown below(yes, opened manually).. With a bigger lot then usual. I think we might break this smallish descending channel from somewhere around this support, to retest previous highs~. Current SL covers multiple support/´okay´ R:R.

If this one succeeds I'll at least be BE for the weekend


http://img847.imageshack.us/img847/224/biggerlot.gif
  • #550,636
  • Oct 14, 2011 11:45am Oct 14, 2011 11:45am
don't like the way the 5m is drawing after the failed break: wicks on top and going up too slowly? maybe this sound stupid but looks like a microflag LOL

i would take a look at the 1m but i have a promise to my self not to look at that tf
dreams do come true.
  • #550,637
  • Oct 14, 2011 11:55am Oct 14, 2011 11:55am
Here is the view, that we are very very close to a major shorting zone:

http://www.forexfactory.com/showthre...72#post5042372

3600-3800 zone was what I had in mind as far as a shift downward was going to happen.

The 3600 zone got broken towards 3800, but signs of slow down are being observed around 3800-3900, these signs are start of a downward shift on the weekly time frame.
  • #550,638
  • Oct 14, 2011 11:58am Oct 14, 2011 11:58am
confirmed break above 1.3950 will target long to 1.4095 and given further push then next stop 1.4225 area but first it may retrace towards 1.3790

if breaks to the downside to 1.3700 then most likely to revisit 1.3520-1.3550 area
  • #550,639
  • Oct 14, 2011 11:59am Oct 14, 2011 11:59am
Quoting Simonik
Wannaberich..if you are so kind..one more advice please...

I have 1 buy @1.3882...and 1 sell @1.3849 (hedge by fear)

any thought`s?

ps: 10+ wife
what i see here is the market dripping back to 379 or 3810 bfore the end of today or monday before shorting back to 4000and etc, plz note this is not concret but there some certainty. the speed in which the market got to 3800 was so high so i look forward to it dripping back.i have a sell at 3769 but with a 0.02 lot. i do know it will come back down. G20 will let us kno.
  • #550,640
  • Oct 14, 2011 11:59am Oct 14, 2011 11:59am
Quoting Tom_D_Trader
Ok so its three countertrend deals for 40 pips - 120 pips loss while trying to guess the top. And still no lesson learned. Look at Michos last posted picture and gaze at it for some time untill it stucks deeply in your subconsius. It is faster than reading psychological books.

T.

Edit: Well that picture is actually not as precise as I thought. Selling before top and buying before bottom is missing. Better read those books.

yeah that was 120 pips in total but i was planning to trade 0.1 lot sell at 1.3680 with 40 pips stop, instead of that i used 0.025 at 3670, 0.025 at 3680 and 0.025 at 3690 therefore in terms of money with my initial plan i could say it was 30 pips guess at top.. and that's why i will only sell 0.025 at this time because i realize guess top is more risky than follow the trend but i looked at weekly and monthly chart it still shows bearish.
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