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EURUSD

  • #554,061
  • Oct 25, 2011 2:12pm Oct 25, 2011 2:12pm
Quoting micho
all it takes is a wrong trade with gold and you're toast

try it
I'm believe majority people loss their money on trading not because of their trading skills,but Its their Mindset,Disciplines & their MM
If there was easy money lying around,no one would be forcing it into your
  • #554,062
  • Oct 25, 2011 2:13pm Oct 25, 2011 2:13pm
Hi All,

I've just read that tomorrow meeting was canceled.

So, do you expect this cancellation will drive EUR to the cliff???
  • #554,063
  • Oct 25, 2011 2:14pm Oct 25, 2011 2:14pm
Quoting Yuchen
lol, i will trade opposite as i decide then and he will double his 10K soon so i will get 3K + comission !!!!!
probably he gave you his demo account
  • #554,064
  • Oct 25, 2011 2:15pm Oct 25, 2011 2:15pm
Quoting FXMindset
I'm believe majority people loss their money on trading not because of their trading skills,but Its their Mindset,Disciplines & their MM
nope i think they lose because of these facts:

1. wrong trading techniques
2. fear
3. impatience
4. no self belief or belief in the way they trade...
5. excess imagination and expectations
6. greed

the most freaky one is number 2 hahaha
When life gives you lemons, make lemonade
  • #554,065
  • Oct 25, 2011 2:22pm Oct 25, 2011 2:22pm
ok good now, time to go short on gold 2 positions at 1704.70
When life gives you lemons, make lemonade
  • #554,066
  • Oct 25, 2011 2:24pm Oct 25, 2011 2:24pm
Quoting micho
nope i think they lose because of these facts:

1. wrong trading techniques
2. fear
3. impatience
4. no self belief or belief in the way they trade...
5. excess imagination and expectations
6. greed

the most freaky one is number 2 hahaha
I think MM is the most important.
  • #554,067
  • Oct 25, 2011 2:27pm Oct 25, 2011 2:27pm
Quoting micho
nope i think they lose because of these facts:

1. wrong trading techniques
2. fear
3. impatience
4. no self belief or belief in the way they trade...
5. excess imagination and expectations
6. greed

the most freaky one is number 2 hahaha
For me it's number 6
And Over-confidence in my trades as well...which prevent me from cutting them before my SL does
COT: The precious data ignored
  • #554,068
  • Oct 25, 2011 2:27pm Oct 25, 2011 2:27pm
Quoting micho
ok good now, time to go short on gold 2 positions at 1704.70
i have tp1 1702.63 if/when reached stop loss at BE for second position

second position i aim at tp3 at 1697.41

When life gives you lemons, make lemonade
  • #554,069
  • Oct 25, 2011 2:29pm Oct 25, 2011 2:29pm
Quoting kuroro001
For me it's number 6
And Over-confidence in my trades as well...which prevent me from cutting them before my SL does
over confidence can be an issue if you dont stick with the system... if you have to reverse just do it... there is no confidence unless in what you see in the charts... you know what i mean
When life gives you lemons, make lemonade
  • #554,070
  • Oct 25, 2011 2:35pm Oct 25, 2011 2:35pm
Quoting micho
ok good now, time to go short on gold 2 positions at 1704.70
Quote
i have tp1 1702.63 if/when reached stop loss at BE for second position

second position i aim at tp3 at 1697.41

first closed +12
second stop loss at BE

i dont know if you got the time to open it but thats always the case with scalping gold... too fast
When life gives you lemons, make lemonade
  • #554,071
  • Oct 25, 2011 2:38pm Oct 25, 2011 2:38pm
Quoting micho
first closed +12
second stop loss at BE

i dont know if you got the time to open it but thats always the case with scalping gold... too fast
i dont trade it because it needs me use more than 900 dollars margin to trade with 0.01 lot...
  • #554,072
  • Oct 25, 2011 2:39pm Oct 25, 2011 2:39pm
Quoting Yuchen
i dont trade it because it needs me use more than 900 dollars margin to trade with 0.01 lot...
its only a scalp man...
When life gives you lemons, make lemonade
  • #554,073
  • Oct 25, 2011 2:43pm Oct 25, 2011 2:43pm
Quoting micho
nope i think they lose because of these facts:

1. wrong trading techniques
2. fear
3. impatience
4. no self belief or belief in the way they trade...
5. excess imagination and expectations
6. greed

the most freaky one is number 2 hahaha
Mindset Included = Behaviour Included Fear,Greed,Impatience etc

The First Should be MM
I have seen a lot skillfull traders which consistently made profits for many years was finished in several days and Its bout their Mindset/behaviour..They Forget Themselves,They are too over confidence,Greedy starting grow,never feel enough etc

Fear,Pyschology or everything thats included Emotion its because their MM,I'm have see that majority players which bet big would be quickly cut their profits short and their emotion not stable because of big bet

once you have proper MM,your emotion would be more controlled and your mind would be more stable as your trading progress would be much better
If there was easy money lying around,no one would be forcing it into your
  • #554,074
  • Oct 25, 2011 2:44pm Oct 25, 2011 2:44pm
Quoting FXMindset
Mindset Included = Behaviour Included Fear,Greed,Impatience etc

The First Should be MM
I have seen a lot skillfull traders which consistently made profits for many years was finished in several days and Its bout their Mindset/behaviour..They Forget Themselves,They are too over confidence,Greedy starting grow,never feel enough etc

Fear,Pyschology or everything thats included Emotion its because their MM,I'm have see that majority players which bet big would be quickly cut their profits short
maybe include MM inside the trading techniques topic
When life gives you lemons, make lemonade
  • #554,075
  • Oct 25, 2011 2:45pm Oct 25, 2011 2:45pm
gold is still alive, i think im gonna be stopped at BE for the second one
When life gives you lemons, make lemonade
  • #554,076
  • Oct 25, 2011 2:52pm Oct 25, 2011 2:52pm
Quoting Purple
Dont force trade people.. tomorrow we have fundas.. if you really wanna take any position than look at USD/JPY, at historical lows not seen since WW2 and CB may interfere..
Continue to watch it go down or do you believe there would be a turnaround soon due the historical nature of its position?
Taigen Profit This Month: na
  • #554,077
  • Oct 25, 2011 2:55pm Oct 25, 2011 2:55pm
Quoting micho
nope i think they lose because of these facts:

1. wrong trading techniques
2. fear
3. impatience
4. no self belief or belief in the way they trade...
5. excess imagination and expectations
6. greed

the most freaky one is number 2 hahaha
I was incapacitated due to fear. I'm just getting back on my feet again using trading rules I established for myself. A very good month for me so far.
Taigen Profit This Month: na
  • #554,078
  • Oct 25, 2011 3:04pm Oct 25, 2011 3:04pm
Quoting Taigen
Continue to watch it go down or do you believe there would be a turnaround soon due the historical nature of its position?

USD/JPY will not go down, look at the Risk to Reward Ratio here.. just set a SL of just 100 pips below and buy.. SNB said yesterday that if they wont intervene it will bring deflation in Switzerland, same is for ECB of Japan.. not intervening is not a choice they have. Honda will go bust if it falls below WW2 levels atleast!!

If you can afford to loose 100 pips, than go for it..
  • #554,079
  • Oct 25, 2011 3:05pm Oct 25, 2011 3:05pm
even though I am long and made $$

but today's behavior is one of the worst to my sentiment .

now I have on my charts both ways are 50 - 50

with 3600 is on the table as well as 4260 !!

trade safe all
I SEE YOU !!
  • #554,080
  • Oct 25, 2011 3:30pm Oct 25, 2011 3:30pm
This old man, he played one
He played knick-knack on my thumb
With a knick-knack paddywhack,
Give your dog a bone
This old man came rolling home
When life gives you lemons, make lemonade
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