Hi Eddy
Are you still in cable or did you bail out or flip?
Kim
Are you still in cable or did you bail out or flip?
Kim
- #4,462
- Mar 7, 2012 12:18am Mar 7, 2012 12:18am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #4,463
- Mar 7, 2012 4:13am Mar 7, 2012 4:13am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
just came back from hosp - pedia... son got light fever... now okay...
battle gears up!!!
..........
okay bulls, show me what you've got...
it's a ball breaking move...
shaking all the weak bears now... most of them liquidating exposures
battle gears up!!!
..........
okay bulls, show me what you've got...
it's a ball breaking move...
shaking all the weak bears now... most of them liquidating exposures
Success consists of going from failure to failure without loss of enthusiam
- #4,464
- Mar 7, 2012 4:17am Mar 7, 2012 4:17am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #4,466
- Mar 7, 2012 4:49am Mar 7, 2012 4:49am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
I am short aussie now.
had my best day yet yesterday ....248 pips in aussie shorts ...
was good for experience in attack skew
hope the little fella is ok
he's well now... he's a fighter like daddy
good to know you harvested good pips... more experience, training & practice with your skews as per MO will make you comfortable in your trades...
always remember to stick to your plan... right or wrong...
when right... you know what to do... when wrong... be quick enough to remedy it... rescue or kill but the idea is to preserve capital... all the time
regards,
Success consists of going from failure to failure without loss of enthusiam
- #4,467
- Mar 7, 2012 4:52am Mar 7, 2012 4:52am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
...careful now ghost at work 
Success consists of going from failure to failure without loss of enthusiam
Just wanted to applaud you on this thread. Its a great example of why forums can be very educational and also a shared journey or experience.
Seeing the evolution of a traders experience from the start of that journey makes great reading for someone continuously learning the game and, in turn, themselves. Thanks again
Seeing the evolution of a traders experience from the start of that journey makes great reading for someone continuously learning the game and, in turn, themselves. Thanks again
- #4,469
- Mar 7, 2012 5:10am Mar 7, 2012 5:10am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Good to see you in action. Glad your son is okay.
It is good for traders to see that they can still profit even if they are on the wrong side of price action. Important to know how to rescue and how to attack. No good jumping out of the plane without a parachute...
I see you have a serious warrior/fighter mindset and attitude. Part of your winning arsenal.
Excellent advice in post to Kimt:
always remember to stick to your plan... right or wrong...
when right... you know what to do... when wrong... be quick enough to remedy it... rescue or kill but the idea is to preserve capital... all the time
Have to be off now. Have a great trading day...the rest of it
.FX4...
Trade what you see, not what you think or feel. Let the market come to you.
- #4,470
- Mar 7, 2012 5:10am Mar 7, 2012 5:10am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
battle plan... every time they run... i will attack...
Success consists of going from failure to failure without loss of enthusiam
- #4,471
- Mar 7, 2012 5:15am Mar 7, 2012 5:15am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Dongsky,
Good to see you in action. Glad your son is okay.
It is good for traders to see that they can still profit even if they are on the wrong side of price action. Important to know how to rescue and how to attack. No good jumping out of the plane without a parachute...
I see you have a serious warrior/fighter mindset and attitude. Part of your winning arsenal.
Have to be off now. Have a great trading day...the rest of it
FX4...
overstaying on a rescue mode ... is nothing but a killer...
when going to rescue... zoom out and eyeball all possible levels of exit... should your plan succeed or not...
greed and fear is a big NO to this activity...
regards,
Success consists of going from failure to failure without loss of enthusiam
- #4,472
- Mar 7, 2012 5:19am Mar 7, 2012 5:19am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Just wanted to applaud you on this thread. Its a great example of why forums can be very educational and also a shared journey or experience.
Seeing the evolution of a traders experience from the start of that journey makes great reading for someone continuously learning the game and, in turn, themselves. Thanks again
goodluck to you!
Success consists of going from failure to failure without loss of enthusiam
- #4,473
- Mar 7, 2012 5:52am Mar 7, 2012 5:52am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #4,474
- Mar 7, 2012 6:34am Mar 7, 2012 6:34am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
squared!!!
giving way to non-farm figs
giving way to non-farm figs
Success consists of going from failure to failure without loss of enthusiam
- #4,475
- Mar 7, 2012 9:09am Mar 7, 2012 9:09am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
short scout in... Euro
we'll see how long does this hold this level...
bears everywhere...
we'll see how long does this hold this level...
bears everywhere...
Success consists of going from failure to failure without loss of enthusiam
- #4,476
- Edited 9:30am Mar 7, 2012 9:18am | Edited 9:30am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
L2 deployed...
L3...
L4....
L3...
L4....
Success consists of going from failure to failure without loss of enthusiam
- #4,477
- Mar 7, 2012 9:23am Mar 7, 2012 9:23am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #4,478
- Edited 5:50pm Mar 7, 2012 12:30pm | Edited 5:50pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
rescue doesn't mean to profit... purpose of this exercise is to bring back troops home alive... even wounded is okay but not dead!
overstaying on a rescue mode ... is nothing but a killer...
when going to rescue... zoom out and eyeball all possible levels of exit... should your plan succeed or not...
greed and fear is a big NO to this activity...
regards,
greed and fear is a big NO to this activity...
Got it! Clearer now
. On a rescue, do you remove the scout as well then re-enter, or do you leave it in if you think your direction is still right, but maybe the timing was off?On what basis or at what point would you make the decision to flip?
FX4...
P.S. Thus far been successful with rescues...always good to fine-tune and improve.
Trade what you see, not what you think or feel. Let the market come to you.
- #4,479
- Edited 6:07pm Mar 7, 2012 5:56pm | Edited 6:07pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
when going to rescue... zoom out and eyeball all possible levels of exit...
greed and fear is a big NO to this activity...
Got it! Clearer now
On what basis or at what point would you make the decision to flip?
FX4...
if so, get average, know all your levels of exit and do the rescue...
RESCUE MUST BE DONE QUICKLY, SWIFTLY AND SMOOTHLY!!!
.. yes need to square... re-assess and re-position if need be... (i normally at this stage pause... and clear mind)
objective is to bring troops home alive... normally, rescue is done swiftly on a correction phase of a trend, where you see all possible level of resistance ... and the guide for your exit zone - remember you are wrong at this stage and all you wanna do is to liquidate exposure... controlling the damage... with a small loss... when closed with a small profit that's a bonus - this will be possible during volatile period.
to re-enter if direction is right? why need to exit if you know direction is right, and just a bad timing? this can be answered only by you! when right... play with skews... scaling in & scaling out... the only way to make handsome pips.
when timing is off, we normally bite bullets - when underwater... need to swim and float until wind change course back to its original direction... this is where scout is very valuable... we test waters first... and when wrong... easy to turn around and when bad timing... biting bullets and holding on is not so painful. and when right... attack!!!
flipping is Mamood's term
and it's all upto you how you feel market... of course if you feel and know that you're wrong... taking some loss and flip is a good thing... but flipping so often... often called a pig... high risk to get slaughtered.regards,
Success consists of going from failure to failure without loss of enthusiam
- #4,480
- Mar 7, 2012 6:35pm Mar 7, 2012 6:35pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.