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EURUSD

  • #580,101
  • Jan 4, 2012 9:26pm Jan 4, 2012 9:26pm
Quoting leandar_
Here we go in 4h chart

http://i.imgur.com/Sk0RR.png
Here is 1h chart

http://i.imgur.com/HvUx9.png
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  • #580,102
  • Jan 4, 2012 9:30pm Jan 4, 2012 9:30pm
Quoting mohan76
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....
i'm glad you're way past those horrible memories and doing well now. yea, i used to lose just about that with revenge trading. sleepless nights etc. i'm far far far from recovering my capital. it's probably is gonna take me years to get it back.

trading is a serious business and i'll still need a few more years to become a professional trader. sigh...
  • #580,103
  • Jan 4, 2012 9:31pm Jan 4, 2012 9:31pm
Quoting happytrader
i'm glad you're way past those horrible memories and doing well now. yea, i used to lose just about that with revenge trading. sleepless nights etc. i'm far far far from recovering my capital. it's probably is gonna take me years to get it back.

trading is a serious business and i'll still need a few more years to become a professional trader. sigh...
my recovery method these days , if 1st sl hit with - pips , i will reduce trade size to 1/2 and i will give 2 more trade, if both win i will 3 full lot trade , total daily loss allowed (18-22) pip . if max loss quota reach end the day. next day i will start fresh with 1/2 lot size and
Mohan
  • #580,104
  • Jan 4, 2012 9:32pm Jan 4, 2012 9:32pm
Quoting mohan76
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
thanks bro...
but its very hard to place sl if target only 10 to 20 pips
Patience, Emotion Control and Discipline.
  • #580,105
  • Jan 4, 2012 9:36pm Jan 4, 2012 9:36pm
Quoting johncen
thanks bro...
but its very hard to place sl if target only 10 to 20 pips
try 7~9 pip sl and 20 pip on demo , i have seen you always choose good entry and your tp take you to sl
Mohan
  • #580,106
  • Jan 4, 2012 9:39pm Jan 4, 2012 9:39pm
Quoting happytrader
i'm glad you're way past those horrible memories and doing well now. yea, i used to lose just about that with revenge trading. sleepless nights etc. i'm far far far from recovering my capital. it's probably is gonna take me years to get it back.

trading is a serious business and i'll still need a few more years to become a professional trader. sigh...
trading is not easy...yes
I think everyone start with negative...No pay no gain...
last year was my 1st year of trading..did paid some tuition fees..but they became my experience...
Patience, Emotion Control and Discipline.
  • #580,107
  • Jan 4, 2012 9:42pm Jan 4, 2012 9:42pm
Quoting mohan76
try 7~9 pip sl and 20 pip on demo , i have seen you always choose good entry and your tp take you to sl
yes...trying to reduce my lot size to around 1/4...I have been lost during Christmas..
and wait until market settles....

its not that hard to pick a good entry but very hard to know where the exit should be...most of the time you need to wait patiently but thats what it matters...
Patience, Emotion Control and Discipline.
  • #580,108
  • Jan 4, 2012 9:45pm Jan 4, 2012 9:45pm
Quoting leandar_
Here is 1h chart

http://i.imgur.com/HvUx9.png
30 min chart noise started, 100 pips range until Tokyo close

psychological levels here

http://i.imgur.com/WAfTX.png
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  • #580,109
  • Jan 4, 2012 9:48pm Jan 4, 2012 9:48pm
Quoting johncen
yes...trying to reduce my lot size to around 1/4...I have been lost during Christmas..
and wait until market settles....

its not that hard to pick a good entry but very hard to know where the exit should be...most of the time you need to wait patiently but thats what it matters...
i have hard coded 20 pip on my ordering script. this one way of over come greedy , i will only increase tp if half booked and sl @ +1 pip
Mohan
  • #580,110
  • Jan 4, 2012 9:51pm Jan 4, 2012 9:51pm
Quoting mohan76
i have hard coded 20 pip on my ordering script. this one way of over come greedy , i will only increase tp if half booked and sl @ +1 pip
so true..
its all about risk management..
Patience, Emotion Control and Discipline.
  • #580,111
  • Jan 4, 2012 9:58pm Jan 4, 2012 9:58pm
Quoting the redlion
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...
very true. its a perceived risk to reward, hoping that reward is what i had planned
  • #580,112
  • Jan 4, 2012 10:56pm Jan 4, 2012 10:56pm
short @ .2977
Attached Image (click to enlarge)
Click to Enlarge Name: 5m chart4.jpg Size: 135 KB
Time turns trend. - W.D. Gann
  • #580,113
  • Jan 4, 2012 11:00pm Jan 4, 2012 11:00pm
Quoting ForExtraPips
short @ .2977
right click on char and choose save as picture > active chart , it will only export chart
Mohan
  • #580,114
  • Jan 4, 2012 11:04pm Jan 4, 2012 11:04pm
High probability trade - eur 1.30880

Entry - 1.29250

stop loss 200 pips

This trade is a no brainer.
entry - 1.29250 s/l 200 pips
  • #580,115
  • Jan 4, 2012 11:07pm Jan 4, 2012 11:07pm
Quoting mohan76
right click on char and choose save as picture > active chart , it will only export chart
Sorry about that. New laptop here. Getting used to. Thanks. Hopefully it works this time.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m chart5.jpg Size: 81 KB
Time turns trend. - W.D. Gann
  • #580,116
  • Jan 4, 2012 11:07pm Jan 4, 2012 11:07pm
today there is many economical reports out there to release,

market is not moving like before 2 year i think everyone learned trading so no profit for all .... lol
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  • #580,117
  • Jan 4, 2012 11:16pm Jan 4, 2012 11:16pm
Quoting normfx
High probability trade - eur 1.30880

Entry - 1.29250

stop loss 200 pips

This trade is a no brainer.
hi, your sl is huge. 200 pips is how many % of ur account capital?
  • #580,118
  • Jan 4, 2012 11:22pm Jan 4, 2012 11:22pm
Estimation of move structures from intraday prospective ... first down - then up again ...

Firstly down (towards 1.2869) ... then up (towards 1.2971 - 1.3006) again ...

2012-01-05_05h42_ EURUSD _ min030 _ (200a) candlestickt + Pivots + TEMA

Extentions towards above 1.3045 cannot be ruled out ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #580,119
  • Jan 4, 2012 11:25pm Jan 4, 2012 11:25pm
Quoting mercy seat
Estimation of move structures from intraday prospective ... first down - then up again ...

Firstly down (towards 1.2869) ... then up (towards 1.2971 - 1.3006) again ...

2012-01-05_05h42_ EURUSD _ min030 _ (200a) candlestickt + Pivots + TEMA

Extentions towards above 1.3045 cannot be ruled out ...




;-|
That is perfect for today.
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  • #580,120
  • Jan 4, 2012 11:26pm Jan 4, 2012 11:26pm
Quoting happytrader
hi, your sl is huge. 200 pips is how many % of ur account capital?
10% plus I add 2% for every 50 pips price moves against me up to 20% of my account.
My sl isn't huge..yours is too small..stop hunters will pick you off. GL you'll need it.
Remember, this is a high probability trade..so a total of 20% risk is no big deal.
entry - 1.29250 s/l 200 pips
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