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  • #605,161
  • Mar 7, 2012 4:52am Mar 7, 2012 4:52am
Quoting sixth007
sory to hear your story
take a rest bro
i hope u enjoy your beautiful life

see this video for your inspiration in forex for make good better
http://www.youtube.com/watch?v=1zeb-...eature=related
great video will watch later
Trade What You See Not What You Want To See
  • #605,162
  • Mar 7, 2012 4:53am Mar 7, 2012 4:53am
Quoting fxkiller
YES there is!

I am trading since years and have been also F..ked up from Forex and lost over 30K in starting. But with my last three years I did covered it and making good income on my 50k account now.

I have built up my own system and do not bhought it from some online shop! You have to learn and develop your own method for making profits from forex.

And where traders mostly fails is the MONEY MANAGEMENT!!
hi fxkiller,

do you mind sharing how you control your emotion when u get a series of losing trade, for a day or 2 or even a week.

i've tried many ways but human emotions are hard to control...esp mine....
  • #605,163
  • Mar 7, 2012 4:54am Mar 7, 2012 4:54am
WTF??? What a choppy day.... No currrency in trouble for my reaper.. So annoying. Can someone throw in some money for these pairs to move?
  • #605,164
  • Mar 7, 2012 4:54am Mar 7, 2012 4:54am
i think factory order data should give new direction as US Data later, in my opinion there is a need to retest yesterdays breakout at 1,3180-85 and from there maybe a whole new down run.
  • #605,165
  • Mar 7, 2012 4:55am Mar 7, 2012 4:55am
Quoting sixth007
sory to hear your story
take a rest bro
i hope u enjoy your beautiful life

see this video for your inspiration in forex for make good better
http://www.youtube.com/watch?v=1zeb-...eature=related
thanks mate,

thanks for the video.
  • #605,166
  • Mar 7, 2012 4:56am Mar 7, 2012 4:56am
Quoting fxkiller
Not only you! Every trader had this kind of situation for sure!
this is absolutely right ....
  • #605,167
  • Mar 7, 2012 4:58am Mar 7, 2012 4:58am
Quoting happytrader
haha, yea today, i slam my desk, threw my pen , slam my trade journal. i was really pissed off today. when i went out, i was swearing and cursing in my car all the way to my destination.
haha, see, first thing to check on is emotions, it blurs yout mind and you can't think. It takes some time, I really don't have advice.. Force yourself to trade setups only. This will negate 'revenge trading'.

Cause, maybe your system is good, it's just 'revenge trading'. You said 3 lost trades, well if not revenge, you probably would have had 1 loss and 2 winners. You rage after a loss, can't think properly, and lose again.

So, as to what advice can i give in becoming a robot with no emotions - I seriously don't know Maybe just eat apples for iron supply
  • #605,168
  • Mar 7, 2012 4:59am Mar 7, 2012 4:59am
Quoting fxkiller
YES there is!

I am trading since years and have been also F..ked up from Forex and lost over 30K in starting. But with my last three years I did covered it and making good income on my 50k account now.

I have built up my own system and do not bhought it from some online shop! You have to learn and develop your own method for making profits from forex.

And where traders mostly fails is the MONEY MANAGEMENT!!
So what kind of indicators is your system based on, if you dont mind sharing.
if not thats ok
  • #605,169
  • Mar 7, 2012 5:00am Mar 7, 2012 5:00am
Quoting happytrader
hi fxkiller,

do you mind sharing how you control your emotion when u get a series of losing trade, for a day or 2 or even a week.

i've tried many ways but human emotions are hard to control...esp mine....
i do only stick to my money management first and even i fail on ten trades together, it still dont troubles me a lot and i manage to recover the losses.

One of the biggest mistake what traders do ( you did it for sure too)

If one trade goes in negative, they try another one. And if also the second goes in negative, they double or even tripple the lot size and thinks, i can cover the loss fast with that. And even if this goes against the trader. The trader is out of control and just cant handle the emotions and kills his own account with that process!

Its not any casino, where a trader should depend on luck. Its a Mathematic part of trading, which a trader should know before investing any funds.
  • #605,170
  • Mar 7, 2012 5:00am Mar 7, 2012 5:00am
Quoting FXMastermind
...and out with 10, not risking a bounce here...
Damn...Bloody Germans
Quant Hedge Fund CEO
  • #605,171
  • Mar 7, 2012 5:01am Mar 7, 2012 5:01am
look like i got my 3050
  • #605,172
  • Mar 7, 2012 5:01am Mar 7, 2012 5:01am
Quoting happytrader
(..) I'm seriously done with forex. Many people's lives have gotten better cos of forex, for me forex has given me 1 year of mental torture, affected my career and private life. It's time for me to go for a day job now.
I'm tired of staring at the screen and see the fucking PA moving painfully slow in favor of me and move like a fucking speed train against me.
Thank you those who have given me good advice and encouragement.
Sorry to hear that...
What were your expectations happytrader...???

There was one guy on FF who emailed me asking for some advice, as he was constantly unsuccessful.
First question I asked him was "what are your goals and expectations”
It turned out quickly that the guy wanted to invest about $1000 and he wanted to generate 200- 300% profits monthly!!!
His calculations were like he wanted to “at least” double his account every single month and he desperately was trying to do it…
He was like $1000x2=2000
Next month $2000x2=4000
Next month $4000x2=8000 and so on… ha ha
He though he’ll cash out $100.000 in six, seven months!!!
I told him; Man, you’d better play lotto
When I suggested him more realistic goals, he never came back…
Read Charts - Not Papers
  • #605,173
  • Mar 7, 2012 5:01am Mar 7, 2012 5:01am
i like this shows strong bears
Trade What You See Not What You Want To See
  • #605,174
  • Mar 7, 2012 5:02am Mar 7, 2012 5:02am
wow one minute it was jumping up like crazy and now it wants to fall into pits.
is there any news or 3164 was a big resistence ?
  • #605,175
  • Mar 7, 2012 5:03am Mar 7, 2012 5:03am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting desi99
wow one minute it was jumping up like crazy and now it wants to fall into pits.
is there any news or 3164 was a big resistence ?
News. German Factory Orders fails.
  • #605,176
  • Mar 7, 2012 5:03am Mar 7, 2012 5:03am
Quoting fxkiller
[b][color=DarkRed]i do only stick to my money management first and even i fail on ten trades together, it still dont troubles me a lot and i manage to recover the losses.

One of the biggest mistake what traders do ( you did it for sure too)

If one trade goes in negative, they try another one. And if also the second goes in negative, they double or even tripple the lot size and thinks, i can cover the loss fast with that. And even if this goes against the trader. The trader is out of control and just cant handle the emotions and kills his own account...
you've got a solid and firm mind. losing ten trades and no emotional...... u're born to trade forex i would say.
  • #605,177
  • Mar 7, 2012 5:04am Mar 7, 2012 5:04am
and good new on america today so i think i got 3050 lol will see sell from 3160
  • #605,178
  • Mar 7, 2012 5:05am Mar 7, 2012 5:05am
Quoting fxkiller
[b][color="DarkRed"]i do only stick to my money management first and even i fail on ten trades together, it still dont troubles me a lot and i manage to recover the losses.

One of the biggest mistake what traders do ( you did it for sure too)

If one trade goes in negative, they try another one. And if also the second goes in negative, they double or even tripple the lot size and thinks, i can cover the loss fast with that. And even if this goes against the trader. The trader is out of control and just cant handle the emotions and kills his...
yep, 'revenge trading' is exactly this. Have to follow r:r and mm. Sometimes I scalp and increase lot, but this is negated to smaller SL, and my var stays at 2% per trade. So it'll take me 50 lost trades in a row to blow an account.

If you increase your lot, you should tighten up you SL proportionally. try not to lose more than 1-3% of your total money per trade..
  • #605,179
  • Mar 7, 2012 5:06am Mar 7, 2012 5:06am
at 7.51 order sell at 1.3165!!!!!!!!!!!!!!!!



......well.....tomorrow is another day....
good luck at all
  • #605,180
  • Mar 7, 2012 5:06am Mar 7, 2012 5:06am
Quoting fxkiller

Traders who think, can start with 500$ account and can make well profit on it and can base living from it, fails sooner or later..

yes its not easy as it looks likes in Broker advertisements such as "make 500$ daily etc"
its not about account balance its about having solid trading plan thats is profitable, i answer this before when some users where beating up on a guy in another thread,

Quoting Cypher
im going to not concur with some of the above, way i see it a account balance is not a issue having a sound trading plan that works is more important, if you have a profitable trading plan weather your have $35 or $35000 it should work just means it will take longer to reach your goals with a smaller account

just because your have a million dont mean you make money its how you execute(trading plan) putting that million to work depends if you make money or not, as for your original question your should know the answer already according to your...
Quoting fxkiller
I am trading since years and have been also F..ked up from Forex and lost over 30K in starting. But with my last three years I did covered it and making good income on my 50k account now.

I have built up my own system and do not bhought it from some online shop! You have to learn and develop your own method for making profits from forex.
your as bad as mr rat who use to claim he traded 800,000 euro or dollar account i forgot which, none of the traders who id call decent on ff have every post how much there account is or how much they make unlike you and number of others
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