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EURUSD

  • #571,941
  • Dec 8, 2011 10:52am Dec 8, 2011 10:52am
Quoting samdani786
dont forget about 1.18
Hero calls followed by margin calls...
  • #571,942
  • Dec 8, 2011 10:52am Dec 8, 2011 10:52am
Quoting cloggie
Where is systemfx with his crap, that muppet is always good for ruining a decent discussion.
I noted that the Incredible trader has been suspended! I did report him for his idiocy in the morning
Price = the amount a greater fool is willing to pay!
  • #571,943
  • Dec 8, 2011 10:52am Dec 8, 2011 10:52am
stress result in 8
  • #571,944
  • Dec 8, 2011 10:52am Dec 8, 2011 10:52am
I think EU will swing between 1.3300 to 1.3340 in the next few hours.
  • #571,945
  • Dec 8, 2011 10:53am Dec 8, 2011 10:53am
Quoting cloggie
Some do get lucky, maybe one in a million somehwere. However for every one else, it takes hard work to make it in this business. Most noobies just can't hack that kind of commitment and give up, hence the failure rate.

You really don't need to be very clever in this business, you can teach a monkey how to trade as long as you give him enough bananas.



Seiously though, just about anyone can make it in this business (except maybe incrediblle) if you spend enough time and effort.

Using Incrediblle as an example, he really hasn't started yet,...
When do u know that u have started your journey? I mean what needs to happen? Besides winning some pips...
  • #571,946
  • Dec 8, 2011 10:53am Dec 8, 2011 10:53am
Quoting Yuchen
i try a small long at 1.3310, s/l at 1.3270
im a seller below 1.3334
Hero calls followed by margin calls...
  • #571,947
  • Dec 8, 2011 10:53am Dec 8, 2011 10:53am
I myself spent 3 years (!) almost every single free evening with reading books, articles, analyzing charts, drawing TLs, scribbling notes about everything interesting I came across, reading it all over again until all pieces of puzzle started to make sense. Only then I considered myself ready for demo trading and I demo traded for 1 year before I moved on.

If there was one single advice I would give to EVERY beginner not only trading but in anything in life, it would be this:

Nothing valuable in life comes cheap or easy. Everything important in your life is hard earned, at the end of a difficult road.

I know you don´t give a damn, but I had to give it a shot.
Quant Hedge Fund CEO
  • #571,948
  • Dec 8, 2011 10:54am Dec 8, 2011 10:54am
Quoting Alexone
When do u know that u have started your journey? I mean what needs to happen? Besides winning some pips...

Pips have nothing to do with it.

Let me ask you a question. When was the last time you updated your trading plan?
  • #571,949
  • Dec 8, 2011 10:54am Dec 8, 2011 10:54am
Quoting cloggie
stress result in 8
arent they leaked already?
  • #571,950
  • Dec 8, 2011 10:55am Dec 8, 2011 10:55am
Quoting cloggie
Pips have nothing to do with it.

Let me ask you a question. When was the last time you updated your trading plan?
Lol today!
  • #571,951
  • Dec 8, 2011 10:55am Dec 8, 2011 10:55am
Quoting Cerber.bf2
it is good that you are considering a break, best thing to do would be to look closely to your trading history, best with chart entries. analyze what went wrong, why did you take the trade, why didn't it work out. What could be done to prevent it in future.

Most important, try to see the trend in your mistakes. Do you have a habit of closing too early/too late? Is SL too small? Maybe you trade in a bad time (news, low volume in asian session etc.)

If you need time for all this, then you should take a break. Might be a good investment to not...
I trade pullbacks in a trend and the latest days these pullbacks were range bounces or it gets me in a range until news and then it goes against me, like how was today an up mini-trend were I was to late and then an down mini-trend were and then news spikes.
  • #571,952
  • Dec 8, 2011 10:56am Dec 8, 2011 10:56am
Quoting Alexone
When do u know that u have started your journey? I mean what needs to happen? Besides winning some pips...
I know you asked Cloggie, but let me give you an example. If you have been trading for 4 years and you still don't really know the difference between a trend and a range... I kid you not, I have spoken to someone of this level of confusion.
Do your time and enjoy the ride...
  • #571,953
  • Dec 8, 2011 10:57am Dec 8, 2011 10:57am
Quoting PhAnTi'
im a seller below 1.3334
i think your sell is ok, and as long as EU not move above 1.3350 you are safe.. my risk return ratio was not good as i had a 40 pips s/l but didnt aim too high.. i set s/l be now and just ignore the movement of EU with t/p open (although i dont believe it can break 1.3350 but still hope it will), i am still bad at trading super short-term.
  • #571,954
  • Dec 8, 2011 10:57am Dec 8, 2011 10:57am
Quoting Alexone
Lol today!
Awww no. The answer for maximum comic effect would have been "What's a trading plan?"
  • #571,955
  • Dec 8, 2011 10:59am Dec 8, 2011 10:59am
CredAg needs nothing, yeah right.

The list is interesting to read, but fails miserably again.
  • #571,956
  • Dec 8, 2011 11:00am Dec 8, 2011 11:00am
Quoting AaronWard
This is also very well said. All of the post is excellent, but I am curious about the comment in bold.

Do you think there is universal system? One that works on all currency crosses AND all time frames? Or even all time frames OR all currency crosses?
there are systems that are universal, work on all time frames no matter what u trade. but tweeqed for the indervidual
  • #571,957
  • Dec 8, 2011 11:02am Dec 8, 2011 11:02am
Quoting Dagobert
there's no real reason to discussing this, since-- there are too many different ways of approaching your goals, and same amount of different market conditions there are... one depends on the other... ofcourse there is a system that works here AND there, but also the opposite... you know what i mean
Lots of good reasons to discuss this. The key ones are to clarify what I already know and hopefully learn something different. And who knows, somebody may have a universal system.

The closest I have got was a fellow who had a bot entered on divergence shows and the chartists that say "the same PA patterns show up on all charts".
Kill the ego, or it will kill the mission.
  • #571,958
  • Dec 8, 2011 11:03am Dec 8, 2011 11:03am
Quoting cloggie
CredAg needs nothing, yeah right.

The list is interesting to read, but fails miserably again.

Caught that
Do your time and enjoy the ride...
  • #571,959
  • Dec 8, 2011 11:03am Dec 8, 2011 11:03am
Quoting spike00spieg
I trade pullbacks in a trend and the latest days these pullbacks were range bounces or it gets me in a range until news and then it goes against me, like how was today an up mini-trend were I was to late and then an down mini-trend were and then news spikes.
I would say, focus on minimizing losses. Put in breakeven and/or take part of it out when you know the news are coming. Or, trailing stops.. Success comes little by little, secure something before you lose everything.
  • #571,960
  • Dec 8, 2011 11:03am Dec 8, 2011 11:03am
Quoting PhAnTi'
dont forget about 1.18
It is on my chart but it is so down below that not even showing on the screen.

lol. All the best .
The finest tool in the world still needs a MAN who KNOWS how to use it.
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