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  • #558,841
  • Nov 6, 2011 9:37pm Nov 6, 2011 9:37pm
Quoting deanoracer
"I do not fear an opponant with thousands of moves. I fear an opponant with one move - practiced thousands of times" ~Bruce Lee~

For some reason - this quote got me to focus on listening to the patterns of the charts - I found one - JUST ONE - pattern I could easily recognize and thats all I trade - a pattern that appears on every timeframe in every market... with executable entries and exits... after 20 months its all history in the making.

I hope this quote will help you find your way to the success you desire. Cheers...
Good one......................................

Is this also true for lovemaking positions?
The Thief of Wall Street
  • #558,842
  • Nov 6, 2011 9:39pm Nov 6, 2011 9:39pm
Quoting Chicky
Good one......................................

Is this also true for lovemaking positions?
except maybe for the "20 months" part of it... lol
  • #558,843
  • Nov 6, 2011 9:41pm Nov 6, 2011 9:41pm
Quoting Kowalczyk
Entered long again at 1.3765. I made a mistake closing my previous long position but its too late to change that now.
Closed long and now short at 1.3774. I wish it would just choose a direction but as long I am making pips, i'm happy.
  • #558,844
  • Nov 6, 2011 9:42pm Nov 6, 2011 9:42pm
Quoting deanoracer
"I do not fear an opponant with thousands of moves. I fear an opponant with one move - practiced thousands of times" ~Bruce Lee~

For some reason - this quote got me to focus on listening to the patterns of the charts - I found one - JUST ONE - pattern I could easily recognize and thats all I trade - a pattern that appears on every timeframe in every market... with executable entries and exits... after 20 months its all history in the making.

I hope this quote will help you find your way to the success you desire. Cheers...
thanks pal. i need lots of good luck!
  • #558,845
  • Nov 6, 2011 9:47pm Nov 6, 2011 9:47pm
Quoting happytrader
thanks pal. i need lots of good luck!
You don't need goodluck. All you need is two things: 1)trade on Daily charts not 1M or 5M or 1H or even 8H. 2) Do NOT take profits as soon as you see them, let them ride equal to or more than your sl.
The Thief of Wall Street
  • #558,846
  • Nov 6, 2011 9:47pm Nov 6, 2011 9:47pm
Usd/chf: Bearish abcd forming on 30-minute chart, matching the resistance of around .8950.. confirmation would push eur/usd up
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf30.jpg Size: 96 KB
  • #558,847
  • Nov 6, 2011 9:50pm Nov 6, 2011 9:50pm
Quoting Kowalczyk
Closed long and now short at 1.3774. I wish it would just choose a direction but as long I am making pips, i'm happy.
You are in flip flop mode, can be very dangerous, why you not wait until direction is confirm, is in no mans land, pa with poor liquidity, most markets close til london, go enjoy day come back london
If you are new to Forex? Say Goodbye to your account!!
  • #558,848
  • Nov 6, 2011 10:00pm Nov 6, 2011 10:00pm
Quoting Kowalczyk
Closed long and now short at 1.3774. I wish it would just choose a direction but as long I am making pips, i'm happy.
Closed short and now long at 1.3770.
  • #558,849
  • Nov 6, 2011 10:02pm Nov 6, 2011 10:02pm
Quoting KiwiTrada
You are in flip flop mode, can be very dangerous, why you not wait until direction is confirm, is in no mans land, pa with poor liquidity, most markets close til london, go enjoy day come back london
Yeah, I know. Although I do not agree that I am in no man's land. These moves are great for scalping. If you know where to put the stops and the right entries, you can easily pick up pips. All you have to do is follow the PA.

I live near NY so it's Sunday night. Not much day to enjoy.
  • #558,850
  • Nov 6, 2011 10:03pm Nov 6, 2011 10:03pm
Quoting KiwiTrada
You are in flip flop mode, can be very dangerous, why you not wait until direction is confirm, is in no mans land, pa with poor liquidity, most markets close til london, go enjoy day come back london
At first there was some "flip flop mode" as you name it or "ping pong range" expected ... so nothing wrong with such procedures at first ... specially not if there is some practice in doing such things and if not with an unsufficiant finance service with unprecise order execution facillities ... lacks in execution is widespread and should be considered to look out for another and much better finance service ...

Then we might be able to increase our results .. but as always practice is needed and we must be able to see when this kind of market behaviour is near an end ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #558,851
  • Nov 6, 2011 10:18pm Nov 6, 2011 10:18pm
Quoting happytrader
i am outta here for now... after losing 91% of my capital which is all my savings.

i think i'll take it real slow from here.....trading 4H or 1 H tf for clues to enter...

when i first started i look at 1 M tf...and traded like hell, completely ignored any tf higher than 5 mins....

i still feel horrible till today.... why did i do sth so stupid...
Woah, where did you learn forex trading from?

I started from books and babypips, and since day 1 I've already been told that lower TFs are very susceptible to false breakouts.

I started from trading 20 to 40 pips each time until I got my account busted, because my r:r ratio is bad and I'm getting false signals from lower TFs

I thought scalping and intra-day trading was where the money was until I experienced myself the ease of swing trading and proper risk management. Now I'm averaging a few hundred pips per week, weekly. Haven't had a losing week since starting this new account.

What I do is run a live account to swing trade and a demo account to day trade. It makes me feel better that although I missed a movement on my live, my demo is growing or simply multiplying my live account

I read somewhere that most scalpers are unprofitable, just take a look at this thread and it's pretty evident.

I suggest learning proper risk management, demo trading and learning from scratch again.

Confucius says "It does not matter how slow you go for as long as you do not stop"

Who cares if people are constantly making money here? There are only a handful of people who really know what they are doing here.

At the end of the day, they're not the ones paying your bills. Trading should be stress-free and remember, no trade is better than a losing trade. And like a certain forumer says "Enjoy free trade always"

That said, I hope you will find your holy grail in forex.
  • #558,852
  • Nov 6, 2011 10:22pm Nov 6, 2011 10:22pm
We should breakout soon.
  • #558,853
  • Nov 6, 2011 10:30pm Nov 6, 2011 10:30pm
boring market, have some break, that is interesting

http://www.creditwritedowns.com/2011...e-percent.html
As Above, So Below
  • #558,854
  • Nov 6, 2011 10:32pm Nov 6, 2011 10:32pm
Quoting Chicky
You don't need goodluck. All you need is two things: 1)trade on Daily charts not 1M or 5M or 1H or even 8H. 2) Do NOT take profits as soon as you see them, let them ride equal to or more than your sl.
thanks, last time i had this problem of letting profit run. so i kept making small profits and letting losses run... so i got fed up with it and changed my strategy.

now i let profit run BUT every time it runs for 20 pips then it will reverse and hit my bloody sl. i am sick of this , that's why i wanna trade really really long tf right now.

i am sick of seeing my losses run into hundreds of pips, while my profits go in 10 or 5 pips.

thanks for the advice.
  • #558,855
  • Nov 6, 2011 10:36pm Nov 6, 2011 10:36pm
Quoting jayjb

At the end of the day, they're not the ones paying your bills. Trading should be stress-free and remember, no trade is better than a losing trade. And like a certain forumer says "Enjoy free trade always"
No trade is better than a losing trade?

Which idiot told you that?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #558,856
  • Nov 6, 2011 10:36pm Nov 6, 2011 10:36pm
I'm done for today. My results: 13 trades, 10 winners, 3 losers and 60 pips made. I only have medium term short positions open. Off to sleep.
  • #558,857
  • Nov 6, 2011 10:37pm Nov 6, 2011 10:37pm
Quoting jayjb
Woah, where did you learn forex trading from?

I started from books and babypips, and since day 1 I've already been told that lower TFs are very susceptible to false breakouts.

I started from trading 20 to 40 pips each time until I got my account busted, because my r:r ratio is bad and I'm getting false signals from lower TFs

I thought scalping and intra-day trading was where the money was until I experienced myself the ease of swing trading and proper risk management. Now I'm averaging a few hundred pips per week, weekly. Haven't had a losing...
thanks for the tips and ur good wish! what's the difference between swing trading and day trading? you're really good. making net profits every week and i can't even imagine myself making 100 pips a week without losing 500 pips the following week.

really really need to re-learn everything again. i learned forex trading from a so-called friend who's using price action. now i trade without any indicators at all.
  • #558,858
  • Nov 6, 2011 10:38pm Nov 6, 2011 10:38pm
Quoting happytrader
thanks, last time i had this problem of letting profit run. so i kept making small profits and letting losses run... so i got fed up with it and changed my strategy.

now i let profit run BUT every time it runs for 20 pips then it will reverse and hit my bloody sl. i am sick of this , that's why i wanna trade really really long tf right now.

i am sick of seeing my losses run into hundreds of pips, while my profits go in 10 or 5 pips.

thanks for the advice.
If you're getting stopped out for hundreds of pips after a 20 pip move into profitability you're probably just trading on unclear signals. With stops that large, you almost can't afford to trade timeframes lower than 4H. The plan to move to only higher timeframes is probably the best idea given your trading plan. It will encourage you to take only the setups with the highest probability of being profitable to the levels that you need.
  • #558,859
  • Nov 6, 2011 10:40pm Nov 6, 2011 10:40pm
Quoting Kowalczyk
We should breakout soon.
i agree and it shld be on the downside !!!!!!!!!!!!!

remember the 4hr bearflag
Attached Image
  • #558,860
  • Nov 6, 2011 10:45pm Nov 6, 2011 10:45pm
Quoting deanoracer
Here is my take on the Euro for the next few days.. see what happens
Pathetic count.
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