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Price is Everything Chat Room

  • #721
  • Nov 23, 2011 8:22am Nov 23, 2011 8:22am
hi,

i'm short eu and it seems that this will be a loser. my question is: why are the most of you guys long?

we have a daily downtrend, we have a supply-area. we also are next to a round number. a lot of reasons for a short?!? :-/

http://img32.imageshack.us/img32/1850/201110251.gif
  • #722
  • Nov 23, 2011 8:26am Nov 23, 2011 8:26am
Watch weekly.

Quoting FXfreak
hi,

i'm short eu and it seems that this will be a loser. my question is: why are the most of you guys long?

we have a daily downtrend, we have a supply-area. we also are next to a round number. a lot of reasons for a short?!? :-/
Hello.
  • #723
  • Nov 23, 2011 9:06am Nov 23, 2011 9:06am
thanks emene,

it seems that everything is relative....

i watched weekly but had my level near 50 from daily.

on the other side i was the sitting duck. although i was correct my trade was killed by a stop hunt.
  • #724
  • Nov 23, 2011 9:13am Nov 23, 2011 9:13am
Sorry to hear that. I just had a glimpse at weekly in regard of your post. I am not focusing on it right now. When unclear, go somewhere else. I know it is not a fascinating response, but there is not muhc more for me to say on EU. Good luck and keep safe

Quoting FXfreak
thanks emene,

it seems that everything is relative....

i watched weekly but had my level near 50 from daily.

on the other side i was the sitting duck. although i was correct my trade was killed by a stop hunt.
Hello.
  • #725
  • Nov 23, 2011 9:25am Nov 23, 2011 9:25am
Quoting Du Jin Shan
This my analysis in m5 timeframe, although I feel more confortable with higher timeframe, but this I will try to learn using lower timeframe.

this is it, a megaphone. will short at supply area

Please correct me, if i"m wrong
Attachment
Hmmm my analysis is poor, so bad.
but it's okay , will keep learning
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #726
  • Nov 23, 2011 10:47am Nov 23, 2011 10:47am
Subscribing.
  • #727
  • Nov 23, 2011 11:04am Nov 23, 2011 11:04am
Hi v10+
the weakest part of SD zones is when markt is strongly trending, the zones are simply ignored and piled up like stairs, the next zone is often on far away and wide cos from a higher tf. How do you handle/filter this?
Thanks.
Rien ne sert de courir il faut partir à point.
  • #728
  • Nov 23, 2011 11:16am Nov 23, 2011 11:16am
Quoting flytox
Hi v10+
the weakest part of SD zones is when markt is strongly trending, the zones are simply ignored and piled up like stairs, the next zone is often on far away and wide cos from a higher tf. How do you handle/filter this?
Thanks.
Hello Fly,

I'm not a 10+V,however i hope you don't matter if i give you my thoughts.

Certainly the 10+V will give you a better answer, but it's how i actually play s/d.

Look the chart
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #729
  • Nov 23, 2011 11:19am Nov 23, 2011 11:19am
Well, the answer is in your question. When it trends up, buy at demand. When it trens down, sell at supply. Keep it simple.

Quoting flytox
Hi v10+
the weakest part of SD zones is when markt is strongly trending, the zones are simply ignored and piled up like stairs, the next zone is often on far away and wide cos from a higher tf. How do you handle/filter this?
Thanks.
Hello.
  • #730
  • Nov 23, 2011 11:35am Nov 23, 2011 11:35am
Quoting emene
Well, the answer is in your question. When it trends up, buy at demand. When it trens down, sell at supply. Keep it simple.
yes, if u CT msot liekly u need to look momentum if its too strong i d rather skip it. S/r flips are good for re-entries, so are s/d flips.or even new levels made become good too.

if u CT most likely u also doing a retrace instead of momentum wave.



good post by emene
Have I got something on my face, SOLDIER?
  • #731
  • Nov 23, 2011 11:41am Nov 23, 2011 11:41am
Quoting emene
Well, the answer is in your question. When it trends up, buy at demand. When it trens down, sell at supply. Keep it simple.
Thx emene.
Rien ne sert de courir il faut partir à point.
  • #732
  • Nov 23, 2011 11:44am Nov 23, 2011 11:44am
Quoting emene
Well, the answer is in your question. When it trends up, buy at demand. When it trens down, sell at supply. Keep it simple.
This is easily one of the most basic answers to trading... and, a bit of the holy grail.

But 'getting it' is the next step in the process.
  • #733
  • Nov 23, 2011 12:14pm Nov 23, 2011 12:14pm
As it is the chatroom here, i want to do a littel survey on psychology guys.

What do you hate the most :

1) Getting your inital stop hit although it was a good setup.

OR

2) Having a trade going your way, seeing it come back from far away, just to hit your break even and go the other way.

OR

3) Close a trade with a few pips and see it go 200 pips in your direction without you, although it was your plan (often because of the fear of situation 2).

OR

4) Price hits your stop on your perfect set-up and then flies in your direction.

I'll start. For me, it is situation 3.

You ?
Hello.
  • #734
  • Nov 23, 2011 12:17pm Nov 23, 2011 12:17pm
Quoting emene
As it is the chatroom here, i want to do a littel survey on psychology guys.

What do you hate the most :

1) Getting your inital stop hit although it was a good setup.

OR

2) Having a trade going your way, seeing it come back from far away, just to hit your break even and go the other way.

OR

3) Close a trade with a few pips and see it go 200 pips in your direction without you, although it was your plan (often because of the fear of situation 2).

OR

4) Price hits your stop on your perfect set-up and then flies in your direction.

I'll...
3 is my big one. I don't put stops in generally, until protective pa is in place to protect the stop, other then an emergency wtf moment stop.

I have a bad habit of choosing the most difficult setups it seems, so it shakes me out, i close the order, and low and behold every single time, probably within 5-10 seconds, off it goes. LOL
  • #735
  • Nov 23, 2011 12:27pm Nov 23, 2011 12:27pm
Quoting emene
As it is the chatroom here, i want to do a littel survey on psychology guys.

What do you hate the most :

1) Getting your inital stop hit although it was a good setup.

OR

2) Having a trade going your way, seeing it come back from far away, just to hit your break even and go the other way.

OR

3) Close a trade with a few pips and see it go 200 pips in your direction without you, although it was your plan (often because of the fear of situation 2).

OR

4) Price hits your stop on your perfect set-up and then flies in your direction.

I'll start....

hate 'm all.. but i like fried ice-cream tho
  • #736
  • Nov 23, 2011 12:34pm Nov 23, 2011 12:34pm
Quoting emene
As it is the chatroom here, i want to do a littel survey on psychology guys.

What do you hate the most :

1) Getting your inital stop hit although it was a good setup.

OR

2) Having a trade going your way, seeing it come back from far away, just to hit your break even and go the other way.

OR

3) Close a trade with a few pips and see it go 200 pips in your direction without you, although it was your plan (often because of the fear of situation 2).

OR

4) Price hits your stop on your perfect set-up and then flies in your direction.

I'll start....


for me its ALL

can't pick a most, probably not the best time for me to answer this question as l have had a few situations lately that l just can't get my head round and l am in a particularly aggressive mood right now
  • #737
  • Nov 23, 2011 12:49pm Nov 23, 2011 12:49pm
Quoting emene
As it is the chatroom here, i want to do a littel survey on psychology guys.

What do you hate the most :

1) Getting your inital stop hit although it was a good setup.

OR

2) Having a trade going your way, seeing it come back from far away, just to hit your break even and go the other way.

OR

3) Close a trade with a few pips and see it go 200 pips in your direction without you, although it was your plan (often because of the fear of situation 2).

OR

4) Price hits your stop on your perfect set-up and then flies in your direction....
Yeah, very interesting.

For me, the most bad thing is the 1) and 4).

I hate to lose. I read all the time that a good trader must be able to trade without emotions, and i simply couldn't do that. I would want but i can't.

For me tading is a game of free trade (when trade is at BE). I don't care what my position become when my stop is at BE, the market can make what he wants, no emotions.

But before have trailed my stop to BE i'm anxious.

I admire the traders who trade without emotions, for me it's that a great and confident trader: no emotions and no ego as i can see some on FF. Lots of work on myself to become one of those.
I hear and I forget. I see and I remember. I do and I understand.
  • #738
  • Nov 23, 2011 12:56pm Nov 23, 2011 12:56pm
Quoting boubafx
Yeah, very interesting.

For me, the most bad thing is the 1) and 4).

I hate to lose. I read all the time that a good trader must be able to trade without emotions, and i simply couldn't do that. I would want but i can't.

For me tading is a game of free trade (when trade is at BE). I don't care what my position become when my stop is at BE, the market can make what he wants, no emotions.

But before have trailed my stop to BE i'm anxious.

I admire the traders which trade without emotions, for me it's that a great and confident...
Hi bouba, just some food for thought.

I would rather take a loss then get stopped out prematurely on a bad trade.

Getting over that hump of not wanting to take a loss is hard, but it is what it is. We must always maintain our r/r accordingly, and I figure... what is the point of the trade I am entering if am just getting nibbles out of it. As I stated earlier, it is something I am working on as well... but for me, because my risk is already defined... I make the assumption that my trade is a loss until
1) Protective stops are in
2) order is closed out

Beyond that, the trade is simply a loss in equity until it's not.

I also make note not to care what my lot sizes are for the current trades. I focus on the chart. I am right here, I am wrong here etc. Try to make good trades, and the rest will follow.

Just a different way to view things that may help you out.
  • #739
  • Nov 23, 2011 1:49pm Nov 23, 2011 1:49pm
Neither one.
But i do love Kennyz lock system, the way to stay covered if it's blowing the wrong way.
Rien ne sert de courir il faut partir à point.
  • #740
  • Nov 23, 2011 2:18pm Nov 23, 2011 2:18pm
Quoting Venice
Hi bouba, just some food for thought.

I would rather take a loss then get stopped out prematurely on a bad trade.

Getting over that hump of not wanting to take a loss is hard, but it is what it is. We must always maintain our r/r accordingly, and I figure... what is the point of the trade I am entering if am just getting nibbles out of it. As I stated earlier, it is something I am working on as well... but for me, because my risk is already defined... I make the assumption that my trade is a loss until
1) Protective stops are in
2) order is...
Always good to have the opinion of experiment trader, Venice. Thanks
I hear and I forget. I see and I remember. I do and I understand.
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