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  • #588,541
  • Jan 26, 2012 6:18am Jan 26, 2012 6:18am
Quoting Rivid
i know HIM well...

Yep he wears loud ties,swears a lot drives a Ferrari lives in a mock Tudor mansion somewhere in Essex,probably
  • #588,542
  • Jan 26, 2012 6:21am Jan 26, 2012 6:21am
Quoting pkimnyc
95% people trade when they should lay low. In addition, when they see red in their positions, they add more rather than cut the losses and move on. Adding Indies tell you something price alone does not tell you. Hence, it increases higher probability when setups occur.
i think the problem with most indicators is that there lagging, where price action tells you whats happening right now!?
-The Dude
  • #588,543
  • Edited 6:30am Jan 26, 2012 6:22am | Edited 6:30am
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................
Your time zone and mine is similar. I am in NZ and right now it is 1.15am. So I get to see the whole Asian session, up to 4 hours of Euro/London session and none of the USA session. I don't trade Asian session.....I don't even bother looking at it. I start 1 hour before Frankfurt opens and my first trade will often not be until London session opens or maybe in the first hour of London session. Sometimes there is a trade in Frankie hour, sometimes not. So far today, I took that long that you missed and took +41 pips from the market. Nothing outstanding there, but it was an easy trade. There maybe nothing more for me today, and that's ok. Yesterday was a +70 day.....the day before was +0. I can't trade USA session as it is while I'm sleeping, but it's not hard to gather 250 - 300 pips/week in the 5 hours/day that I am trading. Yes, sometimes I have losing days......so I go to sleep with a total loss day.....might be -30.....such is life. I go to bed, sleep and forget about the loss. Another chance will come tomorrow.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #588,544
  • Jan 26, 2012 6:26am Jan 26, 2012 6:26am
Some kind of reversal on the horizon.
Though balance is very unbalanced
Meanwhile, M5
Attached Image
  • #588,545
  • Jan 26, 2012 6:28am Jan 26, 2012 6:28am
Long: 1.3141
Profit Target: 1.3182
'For the market to work, it needs people who think that they can beat it.'
  • #588,546
  • Jan 26, 2012 6:30am Jan 26, 2012 6:30am
Quoting 3stepsahead
Also we need as many countries in the EU as possible ready for when we go to war with China. "1984"
As Roy Scheider said in Jaws "We're gonna need a bigger boat" if this happens..

Chinese Army Stats


Available for military service
342,956,265 males, age 18–49 (2005 est.),
324,701,244 females, age 18–49 (2005 est.)

Fit for military service
281,240,272 males, age 18–49 (2005 est.),
269,025,517 females, age 18–49 (2005 est.)

Reaching militaryage annually
13,186,433 males (2005 est.),
12,298,149 females (2005 est.)

Active personnel 2,250,000
Reserve personnel 800,000

Paramilitary: 3,969,000
Total: 7,024,000

Jeesh, has the whole of Europe got a force that big ??
  • #588,547
  • Jan 26, 2012 6:33am Jan 26, 2012 6:33am
Quoting xoro
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...
i believe you'll do just fine. you and i need to be disciplined esp with my tp . we need to stop cutting our profits.
  • #588,548
  • Jan 26, 2012 6:34am Jan 26, 2012 6:34am
Quoting PokerPlayer
As Roy Scheider said in Jaws "We're gonna need a bigger boat" if this happens..

Chinese Army Stats


Available for military service
342,956,265 males, age 18–49 (2005 est.),
324,701,244 females, age 18–49 (2005 est.)

Fit for military service
281,240,272 males, age 18–49 (2005 est.),
269,025,517 females, age 18–49 (2005 est.)

Reaching militaryage annually
13,186,433 males (2005 est.),
12,298,149 females (2005 est.)

Active personnel 2,250,000
Reserve personnel 800,000

Paramilitary: 3,969,000
Total: 7,024,000

Jeesh, has the...


Yea, it's called a nuke
  • #588,549
  • Jan 26, 2012 6:37am Jan 26, 2012 6:37am
Quoting E-Money
Yea, it's called a nuke

  • #588,550
  • Jan 26, 2012 6:38am Jan 26, 2012 6:38am
Quoting realjumper
Your time zone and mine is similar. I am in NZ and right now it is 1.15am. So I get to see the whole Asian session, up to 4 hours of Euro/London session and none of the USA session. I don't trade Asian session.....I don't even bother looking at it. I start 1 hour before Frankfurt opens and my first trade will often not be until London session opens or maybe in the first hour of London session. Sometimes there is a trade in Frankie hour, sometimes not. So far today, I took that long that you missed and took +41 pips from the market. Nothing outstanding...
wow, you're really really good. what's your average tp? how long did it take u to be this good/profitable?
  • #588,551
  • Jan 26, 2012 6:40am Jan 26, 2012 6:40am
Quoting AlastorFate
Long: 1.3141
Profit Target: 1.3182
what is your rationale?

may share?
as i yet to see any long opportunities as 30M and H1 chart still showing downtrend.
  • #588,552
  • Jan 26, 2012 6:41am Jan 26, 2012 6:41am
Quoting DragonEye
Some kind of reversal on the horizon.
Though balance is very unbalanced
Meanwhile, M5
Attachment
too flat for me
covered for +6 pips.
  • #588,553
  • Jan 26, 2012 6:41am Jan 26, 2012 6:41am
is there a possibility that on the opening the US market prices may rally up?
  • #588,554
  • Jan 26, 2012 6:42am Jan 26, 2012 6:42am
Quoting E-Money
Yea, it's called a nuke
China has them as well.
  • #588,555
  • Jan 26, 2012 6:45am Jan 26, 2012 6:45am
Quoting id5
China has them as well.

I assure you it would be NO contest.....
  • #588,556
  • Jan 26, 2012 6:46am Jan 26, 2012 6:46am
Quoting DragonEye
too flat for me
covered for +6 pips.
today i make only 2 trades and i gain 0 i dont like this situation.. merkel plz tell us something.. anything.. like: "i like red" maybe Eur/usd will drop down a bit ^^
  • #588,557
  • Jan 26, 2012 6:49am Jan 26, 2012 6:49am
Attached Image (click to enlarge)
Click to Enlarge Name: mexican-baseball.jpg Size: 32 KB
  • #588,558
  • Jan 26, 2012 6:52am Jan 26, 2012 6:52am
Quoting E-Money
I assure you it would be NO contest.....

but the chinese do make good fireworks
  • #588,559
  • Jan 26, 2012 6:53am Jan 26, 2012 6:53am
waiting for us news. should be a good move after that. wait for the 3 - 3.30pm GMT bell to ring and it'll fly (up or down who knows, but it's gonna be a 200 pip day today.)
  • #588,560
  • Jan 26, 2012 6:53am Jan 26, 2012 6:53am
Quoting happytrader
wow, you're really really good. what's your average tp? how long did it take u to be this good/profitable?
There's plenty of people here who are much better traders than I am, or ever will be. Like I say, making 250 -300 pips per week (on average) isn't too hard. When we get ranging markets, which is a fair amount of the time, the weekly average might come down to 150 - 200 pips. When we have a decent trend running, it might be 350 - 400 pips. It just depends on what the market wishes to give me

How long? Well I'm half way through my 4th year, and the first 3 years were very tough. Like many people, I took some pretty big losses along the way, but it seems that we all must go down this same road. After all, we are trading against some very qualified, experienced and skilled professionals around the globe. They have been mentored in the various banks and institutions and have spent years under the best teachers available. Who the hell are we to think that we can download a trading platform and immediately start competing against those guys successfully??

The biggest things are fear and greed......and over complicating this business.

Find or modify or create a system that works for you.....and then trade your plan. Don't come here to see what others are doing because then you will get confused and start questioning yourself......which will lead to poor decisions and late entries. Trade your own system with your own plan.....only come here when you have your trade under control or better yet, before or after trading!!
Doing what you like is Freedom. Liking what you do is Happiness.
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