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  • #563,001
  • Nov 16, 2011 9:39pm Nov 16, 2011 9:39pm
Quoting tankokjian
pending 1.3402 short
EU is not optimum entry but au kiwi were, cable close, as I say eu was 1st minor resist, but worth build 1st entry partial optimum is bit higher supported by 50sma, so watching with caution may add higher
If you are new to Forex? Say Goodbye to your account!!
  • #563,002
  • Nov 16, 2011 9:40pm Nov 16, 2011 9:40pm
Quoting IamBorg
In past 24 hrs I've been wrong at least 75% of the time, but am normally right 90% in my extremely limited experience. So a humbling experience for me.
The most valuable sercret to FX trading is learning to sit on your hands and wait.
Live to Trade FX - Trade FX to Live
  • #563,003
  • Nov 16, 2011 9:41pm Nov 16, 2011 9:41pm
Quoting mainlinefx
E 1.35385
S/L 1.35611
T 1.34295

If my analysis is wrong you should be just fine. lol
Haha, we can both make pips on this trade.
Yay! Pips for everyone!
  • #563,004
  • Nov 16, 2011 9:42pm Nov 16, 2011 9:42pm
Entered short on the 61.8 fibo & h4 10ema .
  • #563,005
  • Nov 16, 2011 9:43pm Nov 16, 2011 9:43pm
Quoting mainlinefx
The most valuable sercret to FX trading is learning to sit on your hands and wait.
Yep, couldn't be more true. Patience is one of the virtues I need to work on, if I wait for price to hit support at swing lows and wait for price to hit resistance at swing highs my account really begins to increase quite exponentially, its when I just jump into areas that I like to call no-trade zones, well, then my account shrinks exponentially. lol
Yay! Pips for everyone!
  • #563,006
  • Nov 16, 2011 9:44pm Nov 16, 2011 9:44pm
Just keeping ranging this pair until it goes out of range , can u guys get it ? This pair is trying to fustrate us .
  • #563,007
  • Nov 16, 2011 9:45pm Nov 16, 2011 9:45pm
Quoting IamBorg
Thanks . I'm just feeling a bit frustrated today- the method I used very successfully on my demo acct does not work nearly as well on my micro accounts. I know the problem is equity, but cannot fix that so have to change how I trade somewhat to compensate. Had to take a couple bad losses in the past 24 hrs on EUR/USD but am trying to keep a positive "lesson learned" attitude.

I'll check out Kathy Lien, sounds like a book I'd like
I was doing great at demo, then I went live. Was pretty good initially risking 1% at each trade with 20pips sl. Was able to reach 30% in 6 weeks. Then as I got greedy thinking about compounding, I lost my focus and then it begins my painful 3 months 30% draw down.

In between those 3 months, I rested, I demoed, I tried out every system in FF and was still unprofitable. Very frustrating and depressing.

Then I threw away every indicators and start drawing simple R/S levels and trend lines. Its been 3 weeks now and I'm slowly recovering everything.

One thing I certainly learnt was that try to take some profits first and things don't look good, just cover and don't persistently wait for your TP so that you could get 2x, 3x, 4x profits.

Just my experience and 2 cents worth of advice. Still trying to learn from everyone.
  • #563,008
  • Nov 16, 2011 9:46pm Nov 16, 2011 9:46pm
Quoting GreatNorth
Target met.

Short at 3492. Tight SL. Target is 3462 (+30)
Stopped out +4.

3488 was the first target and it did not bounce when it hits (which it normally does.) The bull is strong and consequently, my next two targets are:

3555
3638

Ultimately, I'm looking at 37XX+
  • #563,009
  • Nov 16, 2011 9:47pm Nov 16, 2011 9:47pm
Quoting IamBorg
In past 24 hrs I've been wrong at least 75% of the time, but am normally right 90% in my extremely limited experience. So a humbling experience for me.

This happened to me a while back when I stopped using trend lines for guidance, I felt absolutely lost and confused.

Just draw some up and follow momentum, that should at least put you in the right direction.
"Don't Panic..."
  • #563,010
  • Nov 16, 2011 9:48pm Nov 16, 2011 9:48pm
Quoting GreatNorth
Target met.

Short at 3492. Tight SL. Target is 3462 (+30)
i told you so !!!!!!! you'll get a loss !
  • #563,011
  • Nov 16, 2011 9:51pm Nov 16, 2011 9:51pm
Hmm just wake up...im neutral ..1.353 area is very hot tody...
be patient, self-belief and discipline... stay focus...
  • #563,012
  • Nov 16, 2011 9:54pm Nov 16, 2011 9:54pm
Quoting 3in1coffee
I was doing great at demo, then I went live. Was pretty good initially risking 1% at each trade with 20pips sl. Was able to reach 30% in 6 weeks. Then as I got greedy thinking about compounding, I lost my focus and then it begins my painful 3 months 30% draw down.

In between those 3 months, I rested, I demoed, I tried out every system in FF and was still unprofitable. Very frustrating and depressing.

Then I threw away every indicators and start drawing simple R/S levels and trend lines. Its been 3 weeks now and I'm slowly recovering everything....

Agree bro, sometimes is too much stuff on chart can hardly see pa, pa is most important, S&R MM RR is all you need to work with, add in patience and clinical trade plan excecution, you might have chance

Added Kiwi sell 7680 waiting au 0115 ish
If you are new to Forex? Say Goodbye to your account!!
  • #563,013
  • Nov 16, 2011 9:54pm Nov 16, 2011 9:54pm
Thanks everyone for your guidance and encouragement

I'm taking things slower now, and trying to relax. Doing some education at Babypips to learn about trends, ranges, fib and whatever else. Since my way was working so well on demo I didn't take the time to learn as much as I should have. My biggest lesson so far is that trading a 50K demo is nothing like trading a $100. micro, lol
  • #563,014
  • Nov 16, 2011 9:55pm Nov 16, 2011 9:55pm
Quoting GreatNorth
Stopped out +4.

3488 was the first target and it did not bounce when it hits (which it normally does.) The bull is strong and consequently, my next two targets are:

3555
3638

Ultimately, I'm looking at 37XX+
The Bull was strong all day until Fitch killed the US markets in the last 30 minutes of trading, I was expecting 1.3680, I think we'll still get there, but I'm not willing to hold long anymore, at the first levels of decent resistance I'm getting out.
Yay! Pips for everyone!
  • #563,015
  • Nov 16, 2011 9:57pm Nov 16, 2011 9:57pm
So the whole euro has been insane lately, going 2% +/- on the days..but I don't know, I feel based on the pattern we're going to hit resistance soon and fall.

I'm considering taking a short here around 1.35 to 1.353 with a 1.36 S/L and a 1.34-low take profit.

What do you guys think? worth it or are we going up and up with momo again? Back to the 1.37s?
  • #563,016
  • Nov 16, 2011 10:00pm Nov 16, 2011 10:00pm
waiting 3506 breaks for a signal .done already , waiting now 3494 breaks again , then 3470,56 & finally 3419 , step by step confirmations & last bing , short also taken top though to see .fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #563,017
  • Nov 16, 2011 10:02pm Nov 16, 2011 10:02pm
Quoting KiwiTrada



Agree bro, sometimes is too much stuff on chart can hardly see pa, pa is most important, S&R MM RR is all you need to work with, add in patience and clinical trade plan excecution, you might have chance

Added Kiwi sell 7680 waiting au 0115 ish
lol I threw every indicator out as I was frustrated that it isn't working for me. Instead of placing trust on others and their systems, I think we should trust ourselves more. At least that is what I'm thinking.
  • #563,018
  • Nov 16, 2011 10:03pm Nov 16, 2011 10:03pm
possible double bottom on the 1hr and 4hr charts.
  • #563,019
  • Nov 16, 2011 10:03pm Nov 16, 2011 10:03pm
I think 1.36 is on the cards today unless some very horrible news comes. Don't expect though
  • #563,020
  • Nov 16, 2011 10:13pm Nov 16, 2011 10:13pm
Quoting 3in1coffee
lol I threw every indicator out as I was frustrated that it isn't working for me. Instead of placing trust on others and their systems, I think we should trust ourselves more. At least that is what I'm thinking.
A little advice, beginning, 9 out off 10 entries will be wrong, your job is to reduce that ratio, can learn more from fail entry than success entry, need to keep number of trades small, prepare trade plan "before" turn on station, analyse every trade, "after" each session, if learn why bad entry, can start eliminate them, this business is not get rich quick scheme, is much hard work, study, research, etc, actual trading is easy, being success is very difficult.

Trade safe Kiwi
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