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Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

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Trade What You See And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #35,021
  • Mar 22, 2012 5:06am Mar 22, 2012 5:06am
Trotty, I suppose those clubs are good to begin with, but all the information you need to trade with can also be found for free on the net. There are great traders on these forums (amongst the bs). And researching and finding things out for yourself allows for better selection to your needs and persona than being spoonfed by someone you're paying. But I know you know all this already
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,022
  • Mar 22, 2012 5:08am Mar 22, 2012 5:08am
Quoting Trader131
Trotty, I suppose those clubs are good to begin with, but all the information you need to trade with can also be found for free on the net. There are great traders on these forums (amongst the bs). And researching and finding things out for yourself allows for better selection to your needs and persona than being spoonfed by someone you're paying. But I know you know all this already
Very true there mate, there is a TON of information out there, you just have to find what is right for you.

HOLLA
  • #35,023
  • Mar 22, 2012 5:41am Mar 22, 2012 5:41am
Very true both but I reckon part of the reason for the high dropout rate in trading is that first year or so when you are trying to seperate the good stuff from the bad. It ALL seems good when you know nothing at all!

This thread probably saved me years of anguish to be honest. Learning some basic price action early doors opens the eyes and makes you realise that the only true way to trade with any sembelance of confidence is trying to understand what the charts are actually saying.

For example, right now, they are saying....just don't do it Trotty, that thing you're thinking about...leave it son
  • #35,024
  • Mar 22, 2012 5:47am Mar 22, 2012 5:47am
Quoting Trotty
Very true both but I reckon part of the reason for the high dropout rate in trading is that first year or so when you are trying to seperate the good stuff from the bad. It ALL seems good when you know nothing at all!

This thread probably saved me years of anguish to be honest. Learning some basic price action early doors opens the eyes and makes you realise that the only true way to trade with any sembelance of confidence is trying to understand what the charts are actually saying.

For example, right now, they are saying....just don't do it...
Man Trotty, you thoughts are coming clear across the water, I heard the same thing a bit ago.

This timeframe always seems to be that period before NY comes alive.

HOLLA
  • #35,025
  • Mar 22, 2012 5:49am Mar 22, 2012 5:49am
Quoting Turtle
Man Trotty, you thoughts are coming clear across the water, I heard the same thing a bit ago.

This timeframe always seems to be that period before NY comes alive.

HOLLA

Thanks for the vouch man, I have reciprocated of course but not that you need it these days!
  • #35,026
  • Mar 22, 2012 5:50am Mar 22, 2012 5:50am
thinking we should see 3100 - 3120 at some point today on EU, will look for shorts until it gets down to that area.
  • #35,027
  • Mar 22, 2012 5:56am Mar 22, 2012 5:56am
Quoting Trotty
Thanks for the vouch man, I have reciprocated of course but not that you need it these days!
No problem bro, we all learn from each other and you are surely on your way.

HOLLA
  • #35,028
  • Mar 22, 2012 5:57am Mar 22, 2012 5:57am
Hey Turtle, thanks for the vouch too!

Price is struggling to get above 66 on Euro- I was hoping to get a better retrace to add to my short around more like 80-90 area. But no movement now.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,029
  • Mar 22, 2012 5:58am Mar 22, 2012 5:58am
Quoting lazyboy
thinking we should see 3100 - 3120 at some point today on EU, will look for shorts until it gets down to that area.

I'm surely watching, we need a break of 1.3155 (38.2% retrace for the year on Daily)

HOLLA
  • #35,030
  • Mar 22, 2012 5:58am Mar 22, 2012 5:58am
4hr closing now looking good for bears on cable and euro
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,031
  • Mar 22, 2012 6:01am Mar 22, 2012 6:01am
Quoting Trader131
Hey Turtle, thanks for the vouch too!

Price is struggling to get above 66 on Euro- I was hoping to get a better retrace to add to my short around more like 80-90 area. But no movement now.
That's where i'm looking at too, these can be the testing days if (like me) you've missed out on that first monster move. It can take some time for the next obvious setup to come along.
  • #35,032
  • Mar 22, 2012 6:04am Mar 22, 2012 6:04am
Quoting Trader131
Hey Turtle, thanks for the vouch too!

Price is struggling to get above 66 on Euro- I was hoping to get a better retrace to add to my short around more like 80-90 area. But no movement now.
No problem bro, we are all learning from each other. :nerd:

Yeah, would of like to see 80-90, but not seeing buyers step in with force.

200 HR MA and 50% retrace holding things up right now.

HOLLA
Attached Image
  • #35,033
  • Mar 22, 2012 6:21am Mar 22, 2012 6:21am
Quoting Turtle
No problem bro, we are all learning from each other. :nerd:

Yeah, would of like to see 80-90, but not seeing buyers step in with force.

200 HR MA and 50% retrace holding things up right now.

HOLLA
Glad to see you got a nice chunk of the Euro trade as well!

Cable is retesting the channel bottom right now- we might get a little pop up here if that line doesn't hold
Attached Image (click to enlarge)
Click to Enlarge Name: cable1hr.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,034
  • Mar 22, 2012 6:28am Mar 22, 2012 6:28am
Quoting Trader131
Glad to see you got a nice chunk of the Euro trade as well!

Cable is retesting the channel bottom right now- we might get a little pop up here if that line doesn't hold
That's one thing about the pound, she could be sitting still for a minute and then all of a sudden she get's buck wild.

HOLLA
  • #35,035
  • Mar 22, 2012 6:39am Mar 22, 2012 6:39am
Is EU slowly rolling over here?
  • #35,036
  • Mar 22, 2012 6:47am Mar 22, 2012 6:47am
Quoting Trotty
Is EU slowly rolling over here?
Not sure, but 3165 is surely holding the line, might pop up to 80 area again.

Only time will tell......

HOLLA
  • #35,037
  • Mar 22, 2012 6:55am Mar 22, 2012 6:55am
Quoting Turtle
Not sure, but 3165 is surely holding the line, might pop up to 80 area again.

Only time will tell......

HOLLA

Hope so
  • #35,038
  • Mar 22, 2012 7:12am Mar 22, 2012 7:12am
Looks like Eurusd is flatlining till US unemployment claims in 20 mins.

That trendline held cable back from a bounce, so she's just consolidating here. There's strong support, so it's difficult to justify a short- waiting for news. Anyway, I have to pop out soon, back in an hour. Grab some pips for me, guys!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,039
  • Edited 8:15am Mar 22, 2012 8:14am | Edited 8:15am
Eurusd 4hr chart. Those tow 38.2 fibs from the recent move down and the daily move up seem to be holding- added a 1/4 position back on my short as 21ema on 15min holding too
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4hr.gif Size: 25 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,040
  • Mar 22, 2012 8:17am Mar 22, 2012 8:17am
It's an early entry, but positive unemployment hardly seems to have much of a bullish move behind it
There is no top. There are always further heights to reach. Jascha Heifetz
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