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  • #590,081
  • Jan 31, 2012 2:33am Jan 31, 2012 2:33am
Quoting mercy seat
A REVERSO 1.3163 ...

Time 08h58 CET

Profit + 30 pips




;-|
And again ...

A REVERSO 1.3185 ... short therefore again ... and with + 22 pips profit ...

Time 09h29 CET




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #590,082
  • Jan 31, 2012 2:35am Jan 31, 2012 2:35am
Quoting mkvy
But terrible at taking profit...

Almost every trade i make 90 percent are always in the correct direction.... But i am inept at taking profit.... I start looking at the longer timeframes for a huge win... But 99 percent it crashes down taking all my profit... And then i close it at minus normally....

I am half way there.... Breakeven tading
Now year 2 i can turn 10 usd account into 60 usd... But seem to be stuck at 500 or 600 percent profit....like something is blocking me turn the 60 usd into 600 usd
  • #590,083
  • Jan 31, 2012 2:35am Jan 31, 2012 2:35am
Quoting mkvy
But terrible at taking profit...

Almost every trade i make 90 percent are always in the correct direction.... But i am inept at taking profit.... I start looking at the longer timeframes for a huge win... But 99 percent it crashes down taking all my profit... And then i close it at minus normally....

I am half way there.... Breakeven tading
So what is your strategy for rectifying this problem?
  • #590,084
  • Jan 31, 2012 2:36am Jan 31, 2012 2:36am
Quoting mkvy
But terrible at taking profit...

Almost every trade i make 90 percent are always in the correct direction.... But i am inept at taking profit.... I start looking at the longer timeframes for a huge win... But 99 percent it crashes down taking all my profit... And then i close it at minus normally....

I am half way there.... Breakeven tading

I read your post and made me think of a friend who trades. I reccomended that he sets a very small initial target and close out most of your trade. Scale out of your winning trades.

example- trade 3 lots
and close 2 lots at T1 +10 pips
and close your last lot on T2 ( maybe +50 or something large )
  • #590,085
  • Jan 31, 2012 2:38am Jan 31, 2012 2:38am
big volume ahed on current h1 candle.
.:: your stop loss is another trader's first target ::.
  • #590,086
  • Jan 31, 2012 2:38am Jan 31, 2012 2:38am
Quoting MidasFX
I read your post and made me think of a friend who trades. I reccomended that he sets a very small initial target and close out most of your trade. Scale out of your winning trades.

example- trade 3 lots
and close 2 lots at T1 +10 pips
and close your last lot on T2 ( maybe +50 or something large )


* also, dont trade on a 5min chart with a target on a 4hr chart.

try using the "next size up" 5 min entry on a 15minute trend. 15 minute entry on a 30min /1 hr trend.
  • #590,087
  • Jan 31, 2012 2:41am Jan 31, 2012 2:41am
Quoting mohan76
may be due to my sl

i don't see any supporting news other than old one , looks some big hands buying from this morning
strong kiwi..not a good news for our export...
though people travelling oversea may happy with it..
but..I am earning USD...
so i want kiwi dollar to fall...
Patience, Emotion Control and Discipline.
  • #590,088
  • Jan 31, 2012 2:43am Jan 31, 2012 2:43am
Quoting johncen
strong kiwi..not a good news for our export...
though people travelling oversea may happy with it..
but..I am earning USD...
so i want kiwi dollar to fall...
same hear now 1 pip is less than $10 (: i want Au$ to go blow parity
Mohan
  • #590,089
  • Jan 31, 2012 2:46am Jan 31, 2012 2:46am
EUR German Unemployment Change (JAN)

dailyfx says forecast is -5k
forexfactory says forecast is -8k

.:: your stop loss is another trader's first target ::.
  • #590,090
  • Jan 31, 2012 2:47am Jan 31, 2012 2:47am
Quoting mohan76
same hear now 1 pip is less than $10 (: i want Au$ to go blow parity
ya..i want kiwi to stay below 0.8....~

sideline now...waiting for signals
Patience, Emotion Control and Discipline.
  • #590,091
  • Jan 31, 2012 2:51am Jan 31, 2012 2:51am
Quoting mkvy
But terrible at taking profit...

Almost every trade i make 90 percent are always in the correct direction.... But i am inept at taking profit.... I start looking at the longer timeframes for a huge win... But 99 percent it crashes down taking all my profit... And then i close it at minus normally....

I am half way there.... Breakeven tading
It depends whether you are day trading or swing trading. Since you are good with holding position, I would suggest looking for systems or setups that are favorable for position holding.

I know of a trader who never key in limit order for profit taking. He always let his trade positions run. He uses relatively tight sl and move up sl to break even when he is in a relatively profitable position. SL is moved up to a technical point every time the profit increases for a position. If a person trade like this, eventually he or she will hit home runs (huge profits).
'For the market to work, it needs people who think that they can beat it.'
  • #590,092
  • Jan 31, 2012 2:54am Jan 31, 2012 2:54am
Seems like most people are short again, so there's a good chance we continue rallying.
  • #590,093
  • Jan 31, 2012 2:54am Jan 31, 2012 2:54am
Still have my long from 1,308x from yesterday.
Let's see if 1,3200 can be crushed for good...if so 1,3270 on the way..if not we might see new daily lows
COT: The precious data ignored
  • #590,094
  • Jan 31, 2012 3:03am Jan 31, 2012 3:03am
just had a 0.64% profit. days are still long .... ready for long or short.
  • #590,095
  • Jan 31, 2012 3:13am Jan 31, 2012 3:13am
it doesn't help when reuters puts up +34k for the german data instead of -34k
  • #590,096
  • Jan 31, 2012 3:15am Jan 31, 2012 3:15am
Supposed to say, fat bear is weak because euro being bought institutionally even this overbought condition
You cannot learn better without losing
  • #590,097
  • Jan 31, 2012 3:24am Jan 31, 2012 3:24am
I feel short...1.3210 sl1.32400 tp1.31940
There is only one right price.... what the customer is willing to pay !
  • #590,098
  • Jan 31, 2012 3:24am Jan 31, 2012 3:24am
Quoting MaxDoom
it doesn't help when reuters puts up +34k for the german data instead of -34k
looks data was leaked before strong buy after bad German Retail Sales m/m
Mohan
  • #590,099
  • Jan 31, 2012 3:25am Jan 31, 2012 3:25am
Quoting Rich80
I feel short...1.3200 sl1.32400 tp1.31940
6 pips tp for 40 pips sl ?

I'm waiting for higher price still....or a heavy rejection of 1,321x before shorting
COT: The precious data ignored
  • #590,100
  • Jan 31, 2012 3:28am Jan 31, 2012 3:28am
got it!! gain
There is only one right price.... what the customer is willing to pay !
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