nice, did you long GBPJPY?... I did for 210 pips
Pbh
especially not for a sniper looking to put a +1 stop loss
Have I got something on my face, SOLDIER?
- #6,641
- Oct 31, 2011 1:31pm Oct 31, 2011 1:31pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
especially not for a sniper looking to put a +1 stop loss
- #6,642
- Edited 1:45pm Oct 31, 2011 1:32pm | Edited 1:45pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
You will say that after booking 1000+ pip profit, now it is just your simple yet great TA and confidence. My analysis was pointing to me meny trades that would be profitable, but I lacked confidence. And then entered trades from frustration, creating losses.
Today we got a decisive break of the trendline, so perhaps the best EUR can do is retest it... But, never underestimate the power of US Fed. And power of expectations, "what might it do". I think this will be the main reason pushing EUR up in next two days (if it gets any push), and it...
The Important Thing Is our MM,Discipline and Emotion
Every Profits I'm treat myself as Lucky and Loss as the Part Of the Game as Long I Keep my risk Low I immune the fear
Every News and CB action is Important,But I dont really pay any attention for it as the more I hear the more confused I am,I am Just stick with the chart - For me What break is Break - If There is Fake Break then never mind as tomorrow I still have another chance and I would never hold my Loss - My trade always protected with SL - and Never risk More than 2% per Trade whatever how confirmed the moves is - No More No less - Profit will locked in BE for every 100 Pips moves In profit
Hope you are doing good also mate
If there was easy money lying around,no one would be forcing it into your
- #6,643
- Oct 31, 2011 1:32pm Oct 31, 2011 1:32pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Seems like it is a must-see systemAlready asked via PM, but in case you didn't notice
Right now my call would be... some retracement perhaps. Note: Affected by the fact I still posess some oli longs. But as PT said, some retracement should occur. Asian ahead, and how often in a week can BOJ intervene, huh
ADD: OOps, my oil chart changed its mind....
Those who say it cannot be done should not interrupt those who are doing it
- #6,644
- Oct 31, 2011 1:37pm Oct 31, 2011 1:37pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Again - what goes up, must come down. Key is not to make pips but to keep them. Good luck, man.
I'm attached Simple chart but useful for your mind
Good Luck man
If there was easy money lying around,no one would be forcing it into your
- #6,645
- Oct 31, 2011 1:40pm Oct 31, 2011 1:40pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
They are taking turns.
Keep an eye on Eur/Chf and the SNB. This pair is creeping down closer to their kill zone. Now about 1.2150
I don't care which way the market is going as long as it's going my way
- #6,647
- Oct 31, 2011 1:43pm Oct 31, 2011 1:43pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #6,648
- Oct 31, 2011 1:45pm Oct 31, 2011 1:45pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Do you ever see what go up still go up ? and what go down still go down ? We would never know where the price heading,Just Simply Trade In the Zone and what break is break - Dont be stubborn and dont be naughty
I'm attached Simple chart but useful for your mind
Good Luck man
you are more than meets the eye and mouth
great stuff impressive
Have I got something on my face, SOLDIER?
- #6,649
- Oct 31, 2011 1:45pm Oct 31, 2011 1:45pm
Do you ever see what go up still go up ? and what go down still go down ? We would never know where the price heading,Just Simply Trade In the Zone and what break is break - Dont be stubborn and dont be naughty
I'm attached Simple chart but useful for your mind
Good Luck man
- #6,651
- Oct 31, 2011 1:49pm Oct 31, 2011 1:49pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
and you are one of the best traders around also....and very humble too
regards
We must never think ourself great or smart when winning over the trade as we would forget ourself later and sooner or later we will fail in trading
Thanks for PT for created the Better Thread and all the friends contributed here
Today Win Tomorrow I might be Loss
However,whatever how big or small the profits is we need always be grateful or even for BE/Survive..always feel grateful - and we need respect the market
Hope you are doing well mate
If there was easy money lying around,no one would be forcing it into your
- #6,653
- Oct 31, 2011 1:52pm Oct 31, 2011 1:52pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Do you ever see what go up still go up ? and what go down still go down ? We would never know where the price heading,Just Simply Trade In the Zone and what break is break - Dont be stubborn and dont be naughty
I'm attached Simple chart but useful for your mind
Good Luck man
That is excellent mate.I am going to put it on page 1
http://www.forexfactory.com/attachme...1&d=1320093395
Those who say it cannot be done should not interrupt those who are doing it
- #6,654
- Oct 31, 2011 1:56pm Oct 31, 2011 1:56pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
I am going to put it on page 1
http://www.forexfactory.com/attachme...1&d=1320093395
If there was easy money lying around,no one would be forcing it into your
- #6,656
- Oct 31, 2011 2:05pm Oct 31, 2011 2:05pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Do you ever see what go up still go up ? and what go down still go down ? We would never know where the price heading,Just Simply Trade In the Zone and what break is break - Dont be stubborn and dont be naughty
I'm attached Simple chart but useful for your mind
Good Luck man
You are a wealth of information, very humble and deserving of credit for your insight into the markets and my vouch.
I don't care which way the market is going as long as it's going my way
- #6,659
- Oct 31, 2011 2:18pm Oct 31, 2011 2:18pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #6,660
- Oct 31, 2011 2:21pm Oct 31, 2011 2:21pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I've got so severly burnt going counter trend recently that I'm definitely afraid or at least feeling extremely cautious about taking a long later. It feels almost certain their needs to be some bounce just because it gave up about 400 pips in about a day and a half's worth of trading but want to make sure I get the timing down right when to go long. And then get out quickly. Alot to figure out ...
For me, when the Technicals and fundamentals are both pointing south, I trade south only. If they don't point i the same direction, I remain flat.
Even if I am 100% certain we are getting a retrace or correction, I stand aside and wait until the correction or retrace has exhausted itself.
For example, The last time I took a long position on the Euro was April 2011.
I've been shorting on pullbacks ever since. Even in the ranging between May and August, I was only selling the rallies.
I currently have a short position at 1.41601
It is currently around 300 pips in profit and I do not plan on closing it because both technicals and fundamentals are pointing south.
There have been times where I counter traded on a correction but I haven't done that in a long time. I no longer see any point in it as it just makes me stay glued to the computer longer than necessary, ready to close the position at the first sign of trend continuation. Stress kills. I like the relaxed approach. All I need to enter a trade is confidence and I get that by knowing that the technicals and fundamentals point in the same direction. Lately has been a bit harder due to CB interventions but I'm okay with that, and so far I've profited from it. A few weeks ago I opened 2 long positions on USD/JPY. Last week they were underwater but it didn't bother me because I knew that fundamentally the BOJ would not allow it to keep sinking without at least one attempt at a kamakazi style intervention. Last night's intervention netted me over 500 aggregate pips. Now I am out and I will not try that again until I hear the BOJ start to cry about it again.
Okay, I've rambled on long enough so I'll cut it short. I just wanted to make a point. Everyone has their own personal style. If you don't have yours yet, you should work on it. Regardless of your style, you should only enter with confidence and be prepared to lose should things go wrong. It is very important to know your limit and also to eliminate hope from the equation. Hope only gets you deeper and diminishes your ability to think objectively.
Trade safe
PT
Those who say it cannot be done should not interrupt those who are doing it