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  • #11,521
  • Feb 20, 2012 3:39am Feb 20, 2012 3:39am
As long as PA above 3170 it's bullish
The Mess thing my daily open above it which is bullish!!
Well.....news today , US Bank holiday making today not the best day to trade.
Back to my work.
  • #11,522
  • Feb 20, 2012 3:59am Feb 20, 2012 3:59am
back in channel
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  • #11,523
  • Feb 20, 2012 4:14am Feb 20, 2012 4:14am
Quoting prashant7
Sorry guys '''''''''''''''''

I screwed up myself big time

Lost around $3000 this week and i am really upset and giving myself a break from trading for few days . the PA did go north from that 1.305 levels but was capped at 1.3099 and came back to hit 1.3 so i closed my terminal and accepted that i was wrong on calculations and what i was afraid of was euro turning north from 50% fib of full move north and same thing happened .
I'll give you credit for coming back and publicly admitting that you made a mistake in your 99% certainty call. It takes a lot to do that and most people would prefer to just avoid facing the truth either publicly or privately. In fact, I would think 99% would try to ignore it and that's why most continually fail.

As long as you take the proper lesson from it then it may be the best money you ever spent. Nothing is certain in the markets, and there's never a good reason to break your money management rules. It's a decent loss but not a crushing one. Don't ignore the pain of it and quickly move on like most try to. Embrace it and learn from it.

And if you're one of the many newbies who lurk this thread every day, please take a good lesson from this. Just because it happened to someone else doesn't give you an excuse to let it happen to you. I sometimes think that so many "professional" traders talk about making huge mistakes and blowing accounts in the past that somehow people get it in their heads that it's excusable. It's not, so don't fall in the trap.
  • #11,524
  • Feb 20, 2012 4:47am Feb 20, 2012 4:47am
Thats it. Thin trading due to lack of volatility/holiday. 3190>3225 is a swing higher.

Today everyone should have made money.
  • #11,525
  • Feb 20, 2012 5:00am Feb 20, 2012 5:00am
Quoting BlackWid0w
The reason we moderate the thread is too help traders understand the true reasoning behind the trade.

From now on :
A) Chart
B) Logic
C) Entry ,Stop loss and target in some cases emergency stops.

(This is not just for you but to anyone who wishes to post on the thread all other posts belong to the 100's of threads out there and not here)
To be honest, im glad that some posters which were clogging the thread with their stupid, nonsense post do not post here anymore.

We had some fake traders here on the thread, and they were successfully exposed.
  • #11,526
  • Feb 20, 2012 5:06am Feb 20, 2012 5:06am
Quoting T@rantula
Thats it. Thin trading due to lack of volatility/holiday. 3190>3225 is a swing higher.

Today everyone should have made money.
3225>3260 now...as Black Widow said..I agree..shorts only below 3175.
  • #11,527
  • Feb 20, 2012 5:11am Feb 20, 2012 5:11am
Quoting huskyboy
back in channel
closed 2/3 for 27 pips, rest out for 40 pips
  • #11,528
  • Feb 20, 2012 5:12am Feb 20, 2012 5:12am
If price gets thru 3280 stops should be close to 3250 and target is 3310--3335.

However bear in mind today lack of volatility in upcoming USA session.
  • #11,529
  • Feb 20, 2012 5:13am Feb 20, 2012 5:13am
Quoting huskyboy
closed 2/3 for 27 pips, rest out for 40 pips
Its ok. U have closed at important level 3260.
  • #11,530
  • Feb 20, 2012 5:25am Feb 20, 2012 5:25am
Quoting T@rantula
Its ok. U have closed at important level 3260.
Thanks
  • #11,531
  • Feb 20, 2012 5:30am Feb 20, 2012 5:30am
Quoting T@rantula
3225>3260 now...as Black Widow said..I agree..shorts only below 3175.
Yes same view on my previous post
Quoting egkid
As long as PA above 3170 it's bullish
The Mess thing my daily open above it which is bullish!!
Well.....news today , US Bank holiday making today not the best day to trade.
Back to my work.
Next Strong R 1.3360
  • #11,532
  • Feb 20, 2012 5:34am Feb 20, 2012 5:34am
Quoting T@rantula
If price gets thru 3280 stops should be close to 3250 and target is 3310--3335.
However bear in mind today lack of volatility in upcoming USA session.
Totally agree T.
Today is Monday plus low volatily US bank holiday = crazy Monday
Last time on 2011-10-10, crazy Monday with US bank holiday
EU made 300 pips UP lol

green pips
chriz
  • #11,533
  • Feb 20, 2012 5:36am Feb 20, 2012 5:36am
Quoting Indiana Pips
Totally agree T.
Today is Monday plus low volatily US bank holiday = crazy Monday
Last time on 2011-10-10, crazy Monday with US bank holiday
EU made 300 pips UP lol

green pips
chriz
Quoting egkid
Yes same view on my previous post


Next Strong R 1.3360
Thanks for reminding me guys
  • #11,534
  • Feb 20, 2012 5:39am Feb 20, 2012 5:39am
Quoting T@rantula
To be honest, im glad that some posters which were clogging the thread with their stupid, nonsense post do not post here anymore.

We had some fake traders here on the thread, and they were successfully exposed.
And I need to say.

Well done Prashant for admitting the loss. As Auron said u admitted publicly. No matter the loss you are the real trader.

And real traders lose from time to time. You will make it up, im sure.
  • #11,535
  • Feb 20, 2012 5:48am Feb 20, 2012 5:48am
Quoting T@rantula
And I need to say.

Well done Prashant for admitting the loss. As Auron said u admitted publicly. No matter the loss you are the real trader.

And real traders lose from time to time. You will make it up, im sure.

thanks for that encouraging words T@

really the moral is too low for me now and its too itchy out there to trade and go long but i am just controlling myself not to press that button still

want to see the PA for atleast two three days and then start again

at last now i think i would have had atleast 25 pips if i had taken that long at 1.3245 but anyways still its too difficult to watch PA going your way and waiting
finding A M S
  • #11,536
  • Feb 20, 2012 6:51am Feb 20, 2012 6:51am
Quoting prashant7
thanks for that encouraging words T@

really the moral is too low for me now and its too itchy out there to trade and go long but i am just controlling myself not to press that button still
Im saying you last time..No need for your morale to be low. I have just finished checking some other threads of some "respected' members which were posting here...they probably lost a lot more then u have but they wont admit it, since they were shorting all day long.

Relax, and dont allow the fear to overwhelm you.
  • #11,537
  • Feb 20, 2012 6:54am Feb 20, 2012 6:54am
Quoting T@rantula
Im saying you last time..No need for your morale to be low. I have just finished checking some other threads of some "respected' members which were posting here...they probably lost a lot more then u have but they wont admit it, since they were shorting all day long.

Relax, and dont allow the fear to overwhelm you.

Mr T is absolutely correct....
Buddy in my 8 years of trading believe me I have seen 5 digit and 4 digit losses it happens
This is a business when you trade the emotions or both profits and loss have to balance with a small increment in both profit and loss..
Nesha Remember my gold trade lol....
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,538
  • Feb 20, 2012 6:57am Feb 20, 2012 6:57am
Quoting BlackWid0w
Nesha Remember my gold trade lol....
Gold is harder to trade and more volatile then our majors. You never use "predictions method". You are the most aggressive and dangerous scalper I have ever met.

So far you have been the only one I saw to double the account in 40 days.
  • #11,539
  • Feb 20, 2012 7:02am Feb 20, 2012 7:02am
Quoting T@rantula
Gold is harder to trade and more volatile then our majors. You never use "predictions method". You are the most aggressive and dangerous scalper I have ever met.

So far you have been the only one I saw to double the account in 40 days.
A fact is I myself have learnt so much from Mr T even after being in the industry so long and he is one of the best teachers of physcology..

My uttermost respect goes out to him

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,540
  • Feb 20, 2012 7:04am Feb 20, 2012 7:04am
Quoting BlackWid0w
My uttermost respect goes out to him
Regards
BW
/Bow

We have both learnt from each other
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