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  • #559,681
  • Nov 8, 2011 10:16pm Nov 8, 2011 10:16pm
Quoting Yuchen
hi orange boy, yesterday i made a few short for EU around 1.3840 and s/l b/e when i had around 20 pips profits by 4 times, i earned +0.6, +0.4, +0.2 and +1 pips =2.2 pips
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
  • #559,682
  • Nov 8, 2011 10:21pm Nov 8, 2011 10:21pm
weaker currency means less capital gain as well . china/jap rely trade gains.

if they want a lower currency they would have embraced it long ago.

Quoting iqyu5an
imho : US wants lower USD for reason below . once US cut their interest... we'll see ...

BUT other will think the same

my view
  • #559,683
  • Nov 8, 2011 10:22pm Nov 8, 2011 10:22pm
Quoting happytrader
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
take 50% profit before move sl to be
Mohan
  • #559,684
  • Nov 8, 2011 10:24pm Nov 8, 2011 10:24pm
qiiqiqiqi... world is in crisis....

people need cheaper price to buy every thing to survive ............
and other should sell every thing in cheap price to survive too ..........
and other should produce every thing with low cost production to survive.........

think about real sector

make it simple..... why should thing too complex hehehhee

ahhhhhhhhhh time will tell
Quoting tankokjian
weaker currency means less capital gain as well . china/jap rely trade gains.

if they want a lower currency they would have embraced it long ago.
not euphoria follower
  • #559,685
  • Nov 8, 2011 10:24pm Nov 8, 2011 10:24pm
Quoting happytrader
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
post one of your trades and i can tell you whats going wrong... because i rarely use fixed stop loss...
When life gives you lemons, make lemonade
  • #559,686
  • Nov 8, 2011 10:31pm Nov 8, 2011 10:31pm
Quoting happytrader
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
i see, just remember dont remove your s/l, this is a good habit unless you have high determination to close it manually on time when it reaches to some level or you can tell your trade is wrong
  • #559,687
  • Edited 10:33pm Nov 8, 2011 10:32pm | Edited 10:33pm
Dear happytrader,

Can you please do us a favor...
Whenever you remove the SL please inform us about your position i.e long or short as well as your SL.... so that I can go against you and make 500 pips...

It seems you are pretty confident and are getting consistent result

And in this open forum I agree to pay you 50% of the profit I make from your tip ... err.... Mis-Tip
Quoting happytrader
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
  • #559,688
  • Nov 8, 2011 10:38pm Nov 8, 2011 10:38pm
what about investors ? weak currency draws investors away from it. it is not the same as jpy.


Quoting iqyu5an
qiiqiqiqi... world is in crisis....

people need cheaper price to buy every thing to survive ............
and other should sell every thing in cheap price to survive too ..........
and other should produce every thing with low cost production to survive.........

think about real sector

make it simple..... why should thing too complex hehehhee

ahhhhhhhhhh time will tell
  • #559,689
  • Nov 8, 2011 10:39pm Nov 8, 2011 10:39pm
Current TA doesnt bode well for bear after h4 HG (3820) had been overtaken cleanly. Next HG level to watch above; 3944(H1) and 3992(H4). Medium term I am bullish.
As for GU, yesterday close may spell the end for bear for days to come after the last D1 candle closes above NFP daily candle. As per my observation ,if this happens it will stay above for days and even weeks to come.

Just my 2 cents. Anything can happen in fx.
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  • #559,690
  • Nov 8, 2011 10:40pm Nov 8, 2011 10:40pm
Quoting eddwel
Dear happytrader,

Can you please do us a favor...
Whenever you remove the SL please inform us about your position i.e long or short as well as your SL.... so that I can go against you and make 500 pips...

It seems you are pretty confident and are getting consistent result

And in this open forum I agree to pay you 50% of the profit I make from your tip ... err.... Mis-Tip
lol, it's not nice to have fun on some on frustration
Mohan
  • #559,691
  • Nov 8, 2011 10:40pm Nov 8, 2011 10:40pm
i would normally close on a rally in my favor not against me.

Quoting happytrader
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
  • #559,692
  • Nov 8, 2011 10:45pm Nov 8, 2011 10:45pm

u have a lot of money and no one sell ..... what u do with your money ?

real sector must run first and investor come .

think the main problem ......

Quoting tankokjian
what about investors ? weak currency draws investors away from it. it is not the same as jpy.
not euphoria follower
  • #559,693
  • Nov 8, 2011 10:45pm Nov 8, 2011 10:45pm
Quoting iqyu5an
Bull or bear are same to me ...
  • #559,694
  • Edited 11:08pm Nov 8, 2011 10:47pm | Edited 11:08pm
Morning , just out for safety I tight the sl for the short last night but price correctly stopped at 3860 level & now 3815 breaks may comfirm it , anyway how many times it will abc correction or complexes . so waiting see 3815 broken .minor reaction chance 3819.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #559,695
  • Nov 8, 2011 11:04pm Nov 8, 2011 11:04pm
Quoting ferndog
Sell at 1.3840
Closed at +20 pips
  • #559,696
  • Nov 8, 2011 11:08pm Nov 8, 2011 11:08pm
Quoting mohan76
lol, it's not nice to have fun on some on frustration
you're the best
  • #559,697
  • Nov 8, 2011 11:18pm Nov 8, 2011 11:18pm
Quoting happytrader
you're the best
i understand your feeling when i saw that... i had same experience last year. i short 0.1 lot UJ at 92 last summer and close at 90 to earn 200 pips, then i tried a long at 90 with s/l at 88, but when i see price drop to there, i remove my s/l and keep add more lot long around 87, 86 and 85, i had chance to escape in the middle july and aug with average b/e or just a few dollars loss but i was still dreaming UJ goesi to above 90 and did not close or s/l b/e for any of orders at lower price. But what even worse was i intially set all my s/l at 84.65 but then i removed again, eventually, it broke 85 and dropped aggressive on one day (probably around 300 pips for couple hours) so i lost all my money...
That was a horrible experience.. that's my 7th time to blow my account and fortunately, was also my last time...
  • #559,698
  • Nov 8, 2011 11:22pm Nov 8, 2011 11:22pm
Sorry dude....

Been there done that.... unless you start trading on conviction and not on addiction to trade you will have the same issue for a long time to come...

Used to be like you, I only trade when my conditions are met (they are not right all the time, but right enough to keep me a pip above at the end of the month that's enough for the time being)

So just jot down those paras you think are imp to go long and go short....
keep a notepad, write down why you wanna go long now, are the conditions met... if not wait... this way you can build some discipline in trading... that's the only thing that can save your capital and you from capital punishment

Understanding the Market
Understanding Yourself (Emotional Discipline)
Money Management .....
these three will keep you safe and sound...
take care and God bless.... forgive me for the pun... and have fun
Quoting happytrader
you're the best
  • #559,699
  • Nov 8, 2011 11:24pm Nov 8, 2011 11:24pm
which state u living bro?
Quoting happytrader
you're the best
patient is my attitude, rushing is a dog
  • #559,700
  • Nov 8, 2011 11:31pm Nov 8, 2011 11:31pm
Quoting happytrader
yea, i had this problem too. and when i got frustrated, i removed my sl... then.. the market will go against me by 500 pips THE MOMENT I REMOVE MY SL.

THAT HAPPENED ALL THE TIME I REMOVE SL!
good thing is that you now learned something.
1. never remove your sl unless you have other means of protecting your capital (offsetting positions on different pairs, etc.), you see cocky people here yelling how cool they are to trade without sl, yet there is absolutely no guarantee that we'll have a spike next second/your internet or pc breaks down/you fall asleep on the keyboard etc. These people will lose their whole account one day, guaranteed
2. Take partial profits along the way or use trailing stop. I used to do both, I would take 75% profit after +15 pips then put sl to breakeven and make it a trailing stop. Greed is what makes a lot of traders lose, take what the market gives you and run away. Hoping to get a bigger slice of cheese usually gets you in the mousetrap.

you learned this today, you won't do this again. best of luck
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