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  • #561,961
  • Nov 15, 2011 6:58am Nov 15, 2011 6:58am
Quoting FibbinArchie
i think most traders allow three full losers on the bounce before they start questioning if their head is in the right place to be trading..
Pocket aces only holds about 84% allin vs random hand as far as i recall. Does this mean that the 4th time im holding aces im folding just because i lost 3 in a row earlier? Of course this in Forex means that you should be actually holding AA.
  • #561,962
  • Nov 15, 2011 6:59am Nov 15, 2011 6:59am
Quoting darimik
normal enough for people to try buy tops. forex is not normal.

and people who trade this shit are not normal either.
haha good one indeed.
  • #561,963
  • Nov 15, 2011 7:00am Nov 15, 2011 7:00am
Quoting mrfxlee
it has retraced for at least 53 pips above , is this normal ?
yes very normal for this time of day, especially based on the last few weeks...
  • #561,964
  • Nov 15, 2011 7:03am Nov 15, 2011 7:03am
Quoting Alexone
Pocket aces only holds about 84% allin vs random hand as far as i recall. Does this mean that the 4th time im holding aces im folding just because i lost 3 in a row earlier? Of course this in Forex means that you should be actually holding AA.
each to their own, you have to develop rules that suit your own belief system, you maybe don't need to stop, just scale back on position size, one thing i certainly wouldn't suggest is to scale up chasing the losses..
  • #561,965
  • Nov 15, 2011 7:07am Nov 15, 2011 7:07am
Todays fib 38.2 on the M15 holds for now.
Lets see what happens next as PA gets closer to it again.

las M30-candle looks promissing for shorts?
  • #561,966
  • Nov 15, 2011 7:07am Nov 15, 2011 7:07am
Quoting FibbinArchie
each to their own, you have to develop rules that suit your own belief system, you maybe don't need to stop, just scale back on position size, one thing i certainly wouldn't suggest is to scale up chasing the losses..
I agree. If u feel uncertain and begin to doubt yourself decreasing position with every loser seems like an option. But again, if everything is fine and u feel ok, keep positions the same (if bankroll still affords obv ). Worst thing ever is Martingale approach!
  • #561,967
  • Nov 15, 2011 7:09am Nov 15, 2011 7:09am
Quoting FibbinArchie
yes very normal for this time of day, especially based on the last few weeks...
Thank You for the answer.
  • #561,968
  • Nov 15, 2011 7:11am Nov 15, 2011 7:11am
Quoting ThisPip
Heck no i am not kidding. Yes you have to treat it as a business and protect your assets at all time. As being the one responsible, you also have to be able to make tough decisions. (realize loses for example)

But that does not mean you need to be an asshole to be successfully.
This is not the movie Wall Street.

As a person, i try to grow also from a spiritual point of view, regardless what job i pick to pay my bills.

About grasping on how this world REALLY works, i am confident enough to know what i need to know, where my...
Yeah, whatever, donīt let me to cloud your blue heaven...

Come back to us after two years of consistent profitable trading and let us know how did it make you a better person, will you? I will be most interested.
Quant Hedge Fund CEO
  • #561,969
  • Nov 15, 2011 7:13am Nov 15, 2011 7:13am
Quoting Alexone
I agree. If u feel uncertain and begin to doubt yourself decreasing position with every loser seems like an option. But again, if everything is fine and u feel ok, keep positions the same (if bankroll still affords obv ). Worst thing ever is Martingale approach!
martingale i think can work on roulette or horse racing, but only if you have a cut off and reset level aka a stop loss level, and you must be disciplined in taking losses, you don't want to be risking a grand to make a dollar, that's not good business and not a good risk:reward..
  • #561,970
  • Nov 15, 2011 7:14am Nov 15, 2011 7:14am
Quoting FXMastermind
You think? Seems like it ran out of steam around .50 to me + divergence on fast oscillators show some downward potential...

But who the hell I am to argue with Cloggie
highest close was 60, letīs call it a draw, shall we ?
Quant Hedge Fund CEO
  • #561,971
  • Nov 15, 2011 7:15am Nov 15, 2011 7:15am
Quoting FXMastermind
highest close was 60, letīs call it a draw, shall we ?

Yeah I had 62, Guess I was a bit closer A bit of US drama from the politicians kept it from reaching the techie goal. IF Evans just keeps his trap shut for a bit we can get on with techie plays.

Back at the silly 40 once more, rinse and repeat, rinse and repeat.
  • #561,972
  • Nov 15, 2011 7:17am Nov 15, 2011 7:17am
now the big question, is this a retest or a continuation, numbers out in a short while...

edit- and lots of 'em, careful of fakes and whip saws...
  • #561,973
  • Nov 15, 2011 7:20am Nov 15, 2011 7:20am
Quoting darimik
normal enough for people to try buy tops. forex is not normal.

and people who trade this shit are not normal either.
yup so correct,we all are maniac
Trade responsiblypatience is the key/Swing trader
  • #561,974
  • Nov 15, 2011 7:21am Nov 15, 2011 7:21am
Quoting FXMastermind
Yeah, whatever, donīt let me to cloud your blue heaven...

Come back to us after two years of consistent profitable trading and let us know how did it make you a better person, will you? I will be most interested.
Now, of course when a person with a bad heart and spirit starts to trade, i
doubt that will make them a better person for sure..lol

There are aspects in trading though that indeed can improve other aspects
in life to the better, if you allow it.
  • #561,975
  • Nov 15, 2011 7:21am Nov 15, 2011 7:21am
EU and AU heading short
  • #561,976
  • Nov 15, 2011 7:22am Nov 15, 2011 7:22am
Quoting ThisPip
trading can be amazing when pretty much everything aligns.
For example, i never trade Gold, but shorted it at the Tokio HIGH
at Monday right after the open. This position alone is now worth
two thousend dollars.

As of now, i have 12! open positions, where 3 do not need my prior
attention, and 9 are open since Tokio Monday Open. Some of those are
medium 3 digits and some are 4 digits.

I am just writing this to encourage aspiring traders. Not for my glory.

In one sentence if you ask me how i did it: Sell the fu**ing Highs....
yeah, it's a big fat cliche. Sell high, buy low. But how do you know where you're buying is the low and where you're selling is the high??? Can you answer that?
Don't just beat the markets, leave bruises.
  • #561,977
  • Nov 15, 2011 7:23am Nov 15, 2011 7:23am
Quoting cloggie
Yeah I had 62, Guess I was a bit closer A bit of US drama from the politicians kept it from reaching the techie goal. IF Evans just keeps his trap shut for a bit we can get on with techie plays.

Back at the silly 40 once more, rinse and repeat, rinse and repeat.

Let's see if we can get 70 here, she wants those pips, before the next scheduled news crap here at the bottom of the hour. That bloomin 40 sure has been glue for a while now, she's starting to p1ss me off. Get going either way here would you, you biatch. We've had one decent runner from the open and she's been screwing around in this consolidation area ever since.
  • #561,978
  • Nov 15, 2011 7:27am Nov 15, 2011 7:27am
Quoting Motion
yeah, it's a big fat cliche. Sell high, buy low. But how do you know where you're buying is the low and where you're selling is the high??? Can you answer that?
You can start to identify the range on the 4 hour chart. Zoom out a bit.
On Friday close, it hit exactly the upper range on many pairs and stocks.

Euro Crisis has all been and still will be for a while to sell the highs. Why?
Because it is much more likely that another problem arises than one
gets solved for the good.
  • #561,979
  • Nov 15, 2011 7:28am Nov 15, 2011 7:28am
Quoting cloggie
Let's see if we can get 70 here, she wants those pips, before the next scheduled news crap here at the bottom of the hour.

News trumps tech, let's see what comes out here in 3 mins.
  • #561,980
  • Nov 15, 2011 7:31am Nov 15, 2011 7:31am
Quoting cloggie
News trumps tech, let's see what comes out here in 3 mins.

Mixed bag, overall positive, eyes on es/DOW. That 40 here should give now. Let's see if this is enough of a push, if not we'll be stuck around here till the open.
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