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  • #588,521
  • Jan 26, 2012 5:50am Jan 26, 2012 5:50am
Quoting kuroro001
Like i told you earlier mate, you are just scared of losing.
Your way of trading is good...it has nothing to do with your technique/style.
It's purely psychological....take a deep breathe and jump off the plane...with your parachute you'll be safe
i'm scared of losing cos my average sl is 10 and my average tp is .... 20. but u know 2 losing trades in a roll will trigger revenge trading with sl removed etc...

but thanks to you guys, all your advice and encouragements from last week.

i managed FOR THE FIRST TIME in my trading history, i hit my weekly target - it's hell of a struggle... weekly target is 75 pips, i got 81 pips so far but i'm AFRAID that i'll lose them....

need to take a deep breath
  • #588,522
  • Jan 26, 2012 5:51am Jan 26, 2012 5:51am
Quoting mercy seat
Short entry at 1.31642 again ...

Time 10h53 CET




;-|
Partial profits taken between 1.3144 and 1.3139 ...

Time ... between 12h38 and 12h44 CET ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #588,523
  • Jan 26, 2012 5:51am Jan 26, 2012 5:51am
Quoting roakley
Thanks for the link Whistlepips, gonna read that later. Hope your “nanos gigantium humeris insidentes” forever
  • #588,524
  • Jan 26, 2012 5:51am Jan 26, 2012 5:51am
yes, friend, they are right. i started to trade 3 months ago, loosing all the time (although very succesful when on demo). now i've just started not to lose more than 10-20 pips a day. hope i'm close to break and have small green peeps, but after losses my problem is the same: have a good position, looking at the chart, sweating, moving to be much to early and finally earning 2-3 pips or 0. is's all in my mind, but i'm fighting it every day. same to you, bro :-)
  • #588,525
  • Jan 26, 2012 5:55am Jan 26, 2012 5:55am
Quoting Rooxky
yes, friend, they are right. i started to trade 3 months ago, loosing all the time (although very succesful when on demo). now i've just started not to lose more than 10-20 pips a day. hope i'm close to break and have small green peeps, but after losses my problem is the same: have a good position, looking at the chart, sweating, moving to be much to early and finally earning 2-3 pips or 0. is's all in my mind, but i'm fighting it every day. same to you, bro :-)
One of the trading rules: trade only the money you can afford to loose.
  • #588,526
  • Jan 26, 2012 5:56am Jan 26, 2012 5:56am
Quoting Rooxky
yes, friend, they are right. i started to trade 3 months ago, loosing all the time (although very succesful when on demo). now i've just started not to lose more than 10-20 pips a day. hope i'm close to break and have small green peeps, but after losses my problem is the same: have a good position, looking at the chart, sweating, moving to be much to early and finally earning 2-3 pips or 0. is's all in my mind, but i'm fighting it every day. same to you, bro :-)
i wish you success in the new year. let's become profitable together! yea, this is such a struggle to watch your entry move against u...
  • #588,527
  • Jan 26, 2012 5:57am Jan 26, 2012 5:57am
"Greek media said on Thursday without quoting any sources."

Greek Media = Trojan Horse
  • #588,528
  • Jan 26, 2012 5:58am Jan 26, 2012 5:58am
Quoting 3stepsahead
Also we need as many countries in the EU as possible ready for when we go to war with China. "1984"
3 Dimensional thinking my friend.
  • #588,529
  • Jan 26, 2012 5:58am Jan 26, 2012 5:58am
Quoting happytrader
i'm scared of losing cos my average sl is 10 and my average tp is .... 20. but u know 2 losing trades in a roll will trigger revenge trading with sl removed etc...

but thanks to you guys, all your advice and encouragements from last week.

i managed FOR THE FIRST TIME in my trading history, i hit my weekly target - it's hell of a struggle... weekly target is 75 pips, i got 81 pips so far but i'm AFRAID that i'll lose them....

need to take a deep breath

Have a couple of hours break or even a day go for a walk, the market will still be here and you will still have your weekly target
  • #588,530
  • Jan 26, 2012 5:59am Jan 26, 2012 5:59am
Firstly you really have to be in a financial position to afford to lose whatever money is in your account. That is the way I approached it. Put in 2k and said ok, thats money I am willing to lose, if I blow it, so be it. The psychological thing takes over because you are afraid of your life to lose money, you need to overcome this and that was how I did it. I make a small withdrawal every fortnight and maintain the 2k in the account.
  • #588,531
  • Jan 26, 2012 6:01am Jan 26, 2012 6:01am
Quoting happytrader
i'm scared of losing cos my average sl is 10 and my average tp is .... 20. but u know 2 losing trades in a roll will trigger revenge trading with sl removed etc...

but thanks to you guys, all your advice and encouragements from last week.

i managed FOR THE FIRST TIME in my trading history, i hit my weekly target - it's hell of a struggle... weekly target is 75 pips, i got 81 pips so far but i'm AFRAID that i'll lose them....

need to take a deep breath
Hmmm.....well there's part of your problem right there....even without seeing your chart. Having a 2:1 r:r is all fine and dandy, but a 10 pip SL is just not good trading. The trades need room to 'breath' and unless your entry is pin-point perfect, your 10 pip SL will probably get hit. You shouldn't be setting your SL by a fixed number of pips......it should be placed below/above the last swing high/low or some other suitable S/R level, pivot, fib or whatever. If the most suitable place is (say) 50 pips away, then just skip the trade and wait for a better opportunity. Keeping your capital safe in your pocket is also a market position. You don't have to be in a trade just because the market is open!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #588,532
  • Jan 26, 2012 6:03am Jan 26, 2012 6:03am
Quoting happytrader
i wish you success in the new year. let's become profitable together! yea, this is such a struggle to watch your entry move against u...

thanx a lot, will report you if I have myfirst week with plus of 80. good for you, still not doable for me but trying harder
  • #588,533
  • Jan 26, 2012 6:04am Jan 26, 2012 6:04am
Quoting DragonEye
One of the trading rules: trade only the money you can afford to loose.
well, i remember that, but always worth repeting, thanx
  • #588,534
  • Jan 26, 2012 6:07am Jan 26, 2012 6:07am
Market Demon? A market demon is what drives the market to your stop before it goes where it should..
  • #588,535
  • Jan 26, 2012 6:11am Jan 26, 2012 6:11am
Quoting realjumper
Hmmm.....well there's part of your problem right there....even without seeing your chart. Having a 2:1 r:r is all fine and dandy, but a 10 pip SL is just not good trading. The trades need room to 'breath' and unless your entry is pin-point perfect, your 10 pip SL will probably get hit. You shouldn't be setting your SL by a fixed number of pips......it should be placed below/above the last swing high/low or some other suitable S/R level, pivot, fib or whatever. If the most suitable place is (say) 50 pips away, then just skip the trade and wait for...
i guess you're right about my sl. i wake up during the asian hours, and that's when i usually make my first entry and my sl is usually 10-15 pips. during london or US hours, i go for 30 pips sl but i rarely trade during the US hours.

my MOOD and target will pretty much be determined during asian hours. i don't know why i trade during that time. i'll look into my trading plan again. it's taking me too much time to just get 75 pips a week.

i see most guys on ff have no problem getting +100 pips a day................
  • #588,536
  • Jan 26, 2012 6:12am Jan 26, 2012 6:12am
Quoting happytrader
i wish you success in the new year. let's become profitable together! yea, this is such a struggle to watch your entry move against u...
I highly suggest you read 'Trading in the Zone'. It will lay the foundation for fearless, confident trading.
'For the market to work, it needs people who think that they can beat it.'
  • #588,537
  • Jan 26, 2012 6:14am Jan 26, 2012 6:14am
Quoting happytrader
i guess you're right about my sl. i wake up during the asian hours, and that's when i usually make my first entry and my sl is usually 10-15 pips. during london or US hours, i go for 30 pips sl but i rarely trade during the US hours.

my MOOD and target will pretty much be determined during asian hours. i don't know why i trade during that time. i'll look into my trading plan again. it's taking me too much time to just get 75 pips a week.

i see most guys on ff have no problem getting +100 pips a day................
Don't believe everyting you read in here.
  • #588,538
  • Jan 26, 2012 6:15am Jan 26, 2012 6:15am
Quoting CorBlimeyGuv
Market Demon? A market demon is what drives the market to your stop before it goes where it should..
i know HIM well...
  • #588,539
  • Jan 26, 2012 6:15am Jan 26, 2012 6:15am
Quoting CorBlimeyGuv
Market Demon? A market demon is what drives the market to your stop before it goes where it should..
Mass psychology rather than some kind of demon.
Mass react, think and do all the same.
  • #588,540
  • Jan 26, 2012 6:18am Jan 26, 2012 6:18am
Quoting happytrader
i'm scared of losing cos my average sl is 10 and my average tp is .... 20. but u know 2 losing trades in a roll will trigger revenge trading with sl removed etc...
Hi all on the forum. Happytrader your posts have motivated me to write my first. I'm in exactly the same position as you except I've only been trading live since the start of the month. My strategy seems very close to yours and I trade micro lots with tight SL (10 pips on average).

I look back at my trades and see so many winning trades that I cut short just so they covered my losses + 10 pips. Then I find if I had waited just 3 mins more it would have gone up to the line I drew on my chart and kick myself in frustration for getting out too soon.

Likewise for stops, if I take a risky setup and see that it's been a while and still not going my way, I hold onto it in the hope it will turn around and go my way instead of cutting my losses.

I'm convinced it's just psychology and experience. Many others use our kind of strategies with success. A lot can happen in 5 months (also my deadline - I will either be a successful trader or put trading aside for a few years) Give it time and stay positive!
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