EURUSD | Page 28599 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #571,961
  • Dec 8, 2011 11:03am Dec 8, 2011 11:03am
Trading really is as simple as it sounds.

Its easy to trade. Whether you make money or not is the crutch of it.

The hardest thing ive found, is KEEPING those profits earned. One mistake blows the lot. But its a slow process of re-training the mind. Its takes time.

As someone posted earlier. Nothing that is worth anything is given for free. It takes hard work, discipline, dedication. If I could summerise learning trading it would be this:

Running down a alley with people beating you with sticks. Yep your running, but your still getting hit with sticks, yep you can see the end of the alley, but your still going to get hit with sticks before you get there. lol. Thats trading. Its a ballache, but by god if you get it right. Your financially sorted for life. Money will flow like water into your account and youll look back and think. What was that all about.

  • #571,962
  • Dec 8, 2011 11:03am Dec 8, 2011 11:03am
Quoting Alexone
Lol today!

OK, good.


When was the last time you reviewed your goals and objectives plan, and I don't mean that silly little spreadsheet you spend the whole weekend building to show how quickly you could get to a million. I mean the one that lists all your goals and objectives regarding what kind and type of trader you want to become at the end of this. How are you doing now, two years after you wrote that?
  • #571,963
  • Dec 8, 2011 11:05am Dec 8, 2011 11:05am
Quoting DaveUK
Awww no. The answer for maximum comic effect would have been "What trading plan?"
ROFL. Ok...What trading plan?

Seriously if i see a move that i dont understand but figure out a reason for it after it happens ill update my 'trading plan'. Why did i put commas there? Because My trading plan is in my head, i dont have anything written down except some ideas. On a side note, on the money management part of my plan i havent added anything since 'STOP using 1 lot orders with 6k idioooot' which seems to be a good advice from myself to me.
  • #571,964
  • Dec 8, 2011 11:09am Dec 8, 2011 11:09am
hammer on H1 giving my long more hope.

35 pips in green atm
Quant Hedge Fund CEO
  • #571,965
  • Dec 8, 2011 11:09am Dec 8, 2011 11:09am
Quoting cloggie
OK, good.


When was the last time you reviewed your goals and objectives plan, and I don't mean that silly little spreadsheet you spend the whole weekend building to show how quickly you could get to a million. I mean the one that lists all your goals and objectives regarding what kind and type of trader you want to become at the end of this. How are you doing now, two years after you wrote that?
Lol busted. Though i dont own such a spreadsheet either... Its only been appx 3 months since i decided what i want to be and what i want to achieve, tho i have been in contact with the Forex world for 2 years now. I realized that i was doing a lot of things wrong back then.
  • #571,966
  • Dec 8, 2011 11:09am Dec 8, 2011 11:09am
Quoting ark
there are systems that are universal, work on all time frames no matter what u trade. but tweeqed for the indervidual
care to expand?
Kill the ego, or it will kill the mission.
  • #571,967
  • Dec 8, 2011 11:09am Dec 8, 2011 11:09am
Quoting 21vs7
I have an angry unrational sell on 1,3307 here...
-20

Nuf for today.
  • #571,968
  • Dec 8, 2011 11:10am Dec 8, 2011 11:10am
Quoting Alexone
ROFL. Ok...What trading plan?

Seriously if i see a move that i dont understand but figure out a reason for it after it happens ill update my 'trading plan'. Why did i put commas there? Because My trading plan is in my head, i dont have anything written down except some ideas. On a side note, on the money management part of my plan i havent added anything since 'STOP using 1 lot orders with 6k idioooot' which seems to be a good advice from myself to me.
that's a start, but you got to have real discipline in order to make it.
make up a plan, test it, trade it, stick to it.
  • #571,969
  • Dec 8, 2011 11:11am Dec 8, 2011 11:11am
Quoting Alexone
Lol busted. Though i dont own such a spreadsheet either... Its only been appx 3 months since i decided what i want to be and what i want to achieve, tho i have been in contact with the Forex world for 2 years now. I realized that i was doing a lot of things wrong back then.

OK so your start day has moved from 2 years ago to 3 months ago.

Now let me ask you another question.

It is December now, so let's ignore this month, but how is your weekly review that you do on the weekends based on your screenshots of all your entries and exits doing that you saved in your weekly folders as soon as you entered and exited your trades, and what is the improvement in your entries/exits based on that weekly review. The answer shouldn't take you long, you can refer to your audit spreadsheet for those numbers. And while you are at it, give us your exact RR for your last 500 trades on EU duing the London session only 0800-1630.
  • #571,970
  • Dec 8, 2011 11:11am Dec 8, 2011 11:11am
Cloggie, Fxmastermind, thanks for your advice, these kind of posts are what I am looking for in FF, i do appreciate your efforts, and suppose many other newbies do too.
As Above, So Below
  • #571,971
  • Dec 8, 2011 11:13am Dec 8, 2011 11:13am
Quoting cloggie
OK so your start day has moved from 2 years ago to 3 months ago.

Now let me ask you another question.

It is December now, so let's ignore this month, but how is your weekly review that you do on the weekends based on your screenshots of all your entries and exits doing, and what is the improvement in your entries/exits based on that weekly review. The answer shouldn't take you long, you can refer to your audit spreadsheet for those numbers.
Checkmate
Quant Hedge Fund CEO
  • #571,972
  • Dec 8, 2011 11:15am Dec 8, 2011 11:15am
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.
It is important to understand at the very minimum you should develop two styles of trading. One is for the range and the other is for the trend. If you like to hit pullbacks, all you have to do is remember to close out early for partial or complete profits.

If you insist on trend trading in a range, then at least wait for what looks like the final pullback, not just the first one that comes your way. Also wait for a sign (preferable more than one) that the correction is complete.
Kill the ego, or it will kill the mission.
  • #571,973
  • Dec 8, 2011 11:19am Dec 8, 2011 11:19am
Quoting tashkent
Cloggie, Fxmastermind, thanks for your advice, these kind of posts are what I am looking for in FF, i do appreciate your efforts, and suppose many other newbies do too.
No credit for me, I know sh_t about this business...

There are different guys to follow here - Cloggie first and foremost, Pkymnic, Geppy, Whale, Wulfgar, Fontu and a few others who drop a post once in a while here, those are the ones worth respect around here...

Oh yes and you can tickle their balls once in a while, they just love it.

Cloggie first and foremost.
Quant Hedge Fund CEO
  • #571,974
  • Dec 8, 2011 11:21am Dec 8, 2011 11:21am
Quoting Alexone
ROFL. Ok...What trading plan?

Seriously if i see a move that i dont understand but figure out a reason for it after it happens ill update my 'trading plan'. Why did i put commas there? Because My trading plan is in my head, i dont have anything written down except some ideas. On a side note, on the money management part of my plan i havent added anything since 'STOP using 1 lot orders with 6k idioooot' which seems to be a good advice from myself to me.
my advise stop trading now! write down a money your money management rules, get to grips with a written physical trade plan. stick it somewhere that your eyes can see while your trading then you will be able to pin point ur things that work things that dont. read a book on the phychlogy of trading. Its said to be 60-90% of your trading sucsses. when u have ur plan in ur mind u leave it open to subjectivity. your plan my say you have to check levels before you enter a trade. but your need to make money or enter a trade my lead you to forget, because at that momment your emotionaly driven.
  • #571,975
  • Dec 8, 2011 11:22am Dec 8, 2011 11:22am
Thank God I decided to STAY in my short position. It's fallen quite a bit from 10 hours ago. If I had pulled out, I'd be kicking myself right now.
  • #571,976
  • Dec 8, 2011 11:22am Dec 8, 2011 11:22am
Quoting tashkent
Cloggie, Fxmastermind, thanks for your advice, these kind of posts are what I am looking for in FF, i do appreciate your efforts, and suppose many other newbies do too.
I'm second to say thanks to all folks who share their knowledge and experience with us on FF, no matter in what manner they do.
Keep up ppl!
I'm always searching for your gems in the mud.
Hope some day I will be able to help others like you.

  • #571,977
  • Dec 8, 2011 11:23am Dec 8, 2011 11:23am
Quoting cloggie
OK so your start day has moved from 2 years ago to 3 months ago.

Now let me ask you another question.

It is December now, so let's ignore this month, but how is your weekly review that you do on the weekends based on your screenshots of all your entries and exits doing, and what is the improvement in your entries/exits based on that weekly review. The answer shouldn't take you long, you can refer to your audit spreadsheet for those numbers. And while you are at it, give us your exact RR for your last 500 trades on EU duing the London session only...
Again, im not hot about spreadsheets but i do look at every single trade i took, the reason i entered, why i exited and what could i have done differently. In the weekends i also look at other pairs (tho i dont trade other pairs) and try to see if i learn anything there that can improve my eurusd trading. I dont note the risk/reward ratio on my trades tho...maybe i should start doing that. Seems like good advice. Why havent i written down the risk reward? Because im winning. If i would guesstimate, in my last 300 trades (i have a lot more than 500, but i dont like to include the bull$hit i was doing at the beginning), 60% win ratio with 1.7 to 1 risk reward. The risk reward and winning percentage have increased significantly over the last 80 trades or so. But im going to start to keep a journal of these for sure from now on.
  • #571,978
  • Dec 8, 2011 11:23am Dec 8, 2011 11:23am
Quoting Good Fortune

can you post your spyware toolbar refferal spam links anywhere else? lol..reported btw
  • #571,979
  • Dec 8, 2011 11:24am Dec 8, 2011 11:24am
next few hrs....eurusd will go up.....3377
  • #571,980
  • Dec 8, 2011 11:28am Dec 8, 2011 11:28am
Quoting kibescorp
Thank God I decided to STAY in my short position. It's fallen quite a bit from 10 hours ago. If I had pulled out, I'd be kicking myself right now.
good thing i note recently, i'm building discipline to not look at price after i close. Instead, I go over on everything on each weekend and check out entries etc.
looks like a good way to avoid revenge trading, and other sh!t.
432 traders viewing now