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  • #580,081
  • Jan 4, 2012 8:16pm Jan 4, 2012 8:16pm
Quoting krunfx
hehehhe.....thats why





EVERY ACTION HAVE REACTION....


then we must...... have a specualtion again our trade forecast if our forecast is not valid anymore..
You mean every tp hit have one SL hit
Mohan
  • #580,082
  • Jan 4, 2012 8:17pm Jan 4, 2012 8:17pm
Quoting krunfx
hehehhe.....thats why

Newton's third law



EVERY ACTION HAVE REACTION....


then we must...... have a specualtion again our trade forecast if our forecast is not valid anymore..
forecasting is only a prediction, nothing more, and is based on the perception of each forecaster.
Beauty awakens the soul to act. Dante Alighieri
  • #580,083
  • Jan 4, 2012 8:21pm Jan 4, 2012 8:21pm
Gold during Asian session.Attempat to break yesterday High and Monthly pivot.Let's wait and see.

Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 75 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #580,084
  • Jan 4, 2012 8:23pm Jan 4, 2012 8:23pm
Quoting mohan76
thanks good to know , bit boring as i am stop out i am suppose to have some pause time before next trade
Myself I have to learn that when the market is generous I have to take my profit, I got up this morning to find out that my euraud was up +80 only to close it at +38 later on. My ego is always trying to make funny of me. But I a determined to send him away for a vacation.
Beauty awakens the soul to act. Dante Alighieri
  • #580,085
  • Jan 4, 2012 8:32pm Jan 4, 2012 8:32pm
Quoting thaiboxerad
haha. very deep question my friend. i define risk to reward as one of the most important parts of trading.

risk a little, get a lot. if its not like that, you'll blow that account in no time.
it is indeed important but you see, risk reward at least in my opinion is always 1:1, "in the money" : "out of the money"

you see the only think that we have control over is Risk.

if we actually new the Reward side of it, then risk would be 0.

i can long the euro right now and say 1:x i will tp at 1.31 or 1.32
you might see that actually it is 0:x that i am risking more as the downside potential is greater.

Just because i perceive this trade to be 1:3, does not make it so.

tighter stop = less win %
loser stop= greater risk

increased leverage = greater risk
decreased leverage= lesser reward
AVT INVENIAM VIAM AVT FACIAM
  • #580,086
  • Jan 4, 2012 8:33pm Jan 4, 2012 8:33pm
Quoting LaMaschera
Myself I have to learn that when the market is generous I have to take my profit, I got up this morning to find out that my euraud was up +80 only to close it at +38 later on. My ego is always trying to make funny of me. But I a determined to send him away for a vacation.

did you see this video before , at least try to book half profit and move sl , +38 i hope well above your daily target


Inserted Video
Mohan
  • #580,087
  • Jan 4, 2012 8:35pm Jan 4, 2012 8:35pm
Quoting mohan76
did you see this video before , at least try to book half profit and move sl , +38 i hope well above your daily target


http://www.youtube.com/watch?v=P5_Msrdg3Hk
Yes i saw it when you posted before. Good one.
Beauty awakens the soul to act. Dante Alighieri
  • #580,088
  • Jan 4, 2012 8:41pm Jan 4, 2012 8:41pm
Quoting LaMaschera
Yes i saw it when you posted before. Good one.
market teached me in hard way that greedy is bad habit . i have days +100 pip turn into -200+ (@ that time don't use sl only MC)
Mohan
  • #580,089
  • Jan 4, 2012 8:42pm Jan 4, 2012 8:42pm
Quoting mohan76
market teached me in hard way that greedy is bad habit . i have days +100 pip turn into -200+ (@ that time don't use sl only MC)
Agree..
Bismillah
  • #580,090
  • Jan 4, 2012 8:51pm Jan 4, 2012 8:51pm
Quoting mohan76
market teached me in hard way that greedy is bad habit . i have days +100 pip turn into -200+ (@ that time don't use sl only MC)
in my trading history i never had any trades with more than 50 pips profit. 50 pips happen once in a blue moon for me. but i'm gonna change it!!!!!!
  • #580,091
  • Jan 4, 2012 8:53pm Jan 4, 2012 8:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: riskreward.png Size: 20 KB


here is where more brain power is needed, not the analysis part of it.

one comes to a point of proficiency in price analysis, and chart reading. My belief is that we plateau in this area. There is only so much one can know regarding analysis and one will not reach perfection or holy grail due to the fact that we cannot foretell the future.

i am not saying that we cannot get so proficient at it that it will not become intuitive, what i am saying is no matter how great we get or years we spend at chart reading . WE ARE NOT PSYCHIC

but the money management can be perfected, and analysed, skewed in our favor etc.

its a 50%/50% deal, no edge exists if one is not tied to the other.

one finds probable scenarios the other protects us from reality.
AVT INVENIAM VIAM AVT FACIAM
  • #580,092
  • Jan 4, 2012 8:59pm Jan 4, 2012 8:59pm
http://i.imgur.com/xiGjV.png

Am i missed something for today?
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  • #580,093
  • Jan 4, 2012 9:00pm Jan 4, 2012 9:00pm
Quoting happytrader
in my trading history i never had any trades with more than 50 pips profit. 50 pips happen once in a blue moon for me. but i'm gonna change it!!!!!!
if you really want high pip euro or usd/TRY , DAX and gold , don't forget high profit comes with high risk , now days i am very happy with 20 pips
Mohan
  • #580,094
  • Jan 4, 2012 9:07pm Jan 4, 2012 9:07pm
Quoting mohan76
if you really want high pip euro or usd/TRY , DAX and gold , don't forget high profit comes with high risk , now days i am very happy with 20 pips
20 pips a day becomes 400 pips a month. what is your average sl limit? mine's about 10-15 pips.

what do you do when say, you got 2 losing trades in a day? that's -20 to -30 pips. what do you do next?

*i'm do revenge trading. i'm glad i don't REALLy do it nowadays even though the tendency is there.
  • #580,095
  • Jan 4, 2012 9:11pm Jan 4, 2012 9:11pm
Quoting the redlion
Attachment

here is where more brain power is needed, not the analysis part of it.

one comes to a point of proficiency in price analysis, and chart reading. My belief is that we plateau in this area. There is only so much one can know regarding analysis and one will not reach perfection or holy grail due to the fact that we cannot foretell the future.

i am not saying that we cannot get so proficient at it that it will not become intuitive, what i am saying is no matter how great we get or years we spend at chart reading . WE...

Nice one, I also agree that we can became more intuitive. Not easy because we have to work on ourself, but is worth it to work in that direction.

My real money comes when I catch the big run, when I risk 30 to make 300. But if I have gained 200 (and my method tell me not to take my profit yet) I will move my SL to +100.

I also have to learn to take my profit when is given to me in a short time frame.

Yes MM is a strong prerogative.
Beauty awakens the soul to act. Dante Alighieri
  • #580,096
  • Jan 4, 2012 9:15pm Jan 4, 2012 9:15pm
problem with the large move in NY leaves absolutely nothing for asia players. the whole complex is dead. i wish asia would move more. i cant trade new york, im sleeping! ull be lucky to snag 5 or 10 pip profit in asia sessions.

euro is dead in the bum today.

no point changing my body clock.
  • #580,097
  • Jan 4, 2012 9:15pm Jan 4, 2012 9:15pm
Quoting leandar_
http://i.imgur.com/xiGjV.png

Am i missed something for today?
Here we go in 4h chart

http://i.imgur.com/Sk0RR.png
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  • #580,098
  • Edited 9:30pm Jan 4, 2012 9:16pm | Edited 9:30pm
Quoting happytrader
20 pips a day becomes 400 pips a month. what is your average sl limit? mine's about 10-15 pips.

what do you do when say, you got 2 losing trades in a day? that's -20 to -30 pips. what do you do next?

*i'm do revenge trading. i'm glad i don't REALLy do it nowadays even though the tendency is there.

My sl 7 ~ 9 slippage might take up-to 11, i used to make and loose lot (scaled daily +/- 200 pip , one day record profit +700 pips & loss 1500 pip ). when i am under water i am worse than wild dog, then start to is it worth for money now i am end up with +20 pip per day strategy, it's enough money, very less stress (my family like this new style much than me).

Edit : i try to revenge 1500 pip loss and with another 2x 1500 , -4000 ~ 4500 pips in week and that was my eye opener , end up taking one week holiday and one week trade trade pause.


Edit 2: my recovery method these days , if 1st sl hit with - pips , i will reduce trade 1/2 and i will have 2 more trade , total daily loss allow (18-22) pip . if max reach end the day. next day i will start fresh with 1/2 lot size and
Mohan
  • #580,099
  • Jan 4, 2012 9:19pm Jan 4, 2012 9:19pm
Quoting mohan76
if you really want high pip euro or usd/TRY , DAX and gold , don't forget high profit comes with high risk , now days i am very happy with 20 pips
direction unclear..
20 pips is realli good return...

we have back to previous descending channel...
hmmmm...
Patience, Emotion Control and Discipline.
  • #580,100
  • Jan 4, 2012 9:22pm Jan 4, 2012 9:22pm
Quoting johncen
direction unclear..
20 pips is realli good return...



we have back to previous descending channel...
hmmmm...
10 /20 pip is easy to reach, if you want more pips increase lot size

here is the door for stress free trading
http://www.forexfactory.com/showthread.php?t=293185
Mohan
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