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The Really Useless Thread

  • #66,841
  • Mar 22, 2012 1:55pm Mar 22, 2012 1:55pm
The Daily is just sad looking... lol
  • #66,842
  • Mar 22, 2012 1:55pm Mar 22, 2012 1:55pm
Quoting darimik
lol.. trading can suck a lot some days. especially Forex. at least you are confessing

recently, I started a trading journal. Every day I write down my executions so that I can tell myself how silly some of the trades are. I know my number 1 problem is impatience.
I'm just upset that I switched my bias with no reason...
  • #66,843
  • Mar 22, 2012 1:58pm Mar 22, 2012 1:58pm
Quoting darimik
lol.. trading can suck a lot some days. especially Forex. at least you are confessing

recently, I started a trading journal. Every day I write down my executions so that I can tell myself how silly some of the trades are. I know my number 1 problem is impatience.
Yep. A lot of people easily get caught up in the action. It's not uncommon for even a 5m play to last an hour plus, and that can be a low side sometimes. As long as the rumor mill isn't hitting it like crazy.
  • #66,844
  • Mar 22, 2012 2:01pm Mar 22, 2012 2:01pm
Quoting attila
I'm just upset that I switched my bias with no reason...
well. its one trade. where as I am fucked for the near future with my career goals so dont feel bad
  • #66,845
  • Mar 22, 2012 2:04pm Mar 22, 2012 2:04pm
Quoting darimik
well. its one trade. where as I am fucked for the near future with my career goals so dont feel bad
I remember those times. It's even harder today... One thing you should always remember: There is no such thing as "permanent job".
  • #66,846
  • Mar 22, 2012 2:04pm Mar 22, 2012 2:04pm
Quoting Venice
Yep. A lot of people easily get caught up in the action. It's not uncommon for even a 5m play to last an hour plus, and that can be a low side sometimes. As long as the rumor mill isn't hitting it like crazy.
Trading on your own has no oversight. I feel like a journal is putting your trades out there for a check and balance. When you risk too much and make stupid entries, you keep them to yourself and its easy to live with. However, once they go as a hard copy, it is out there as an oversight. One resolution is post live trades here in the forum. If you really post every day, you might feel embarrassed with stupid entries, so you wont enter until it makes sense.

its easy to fool yourself
  • #66,847
  • Mar 22, 2012 2:14pm Mar 22, 2012 2:14pm
Quoting darimik
Trading on your own has no oversight. I feel like a journal is putting your trades out there for a check and balance. When you risk too much and make stupid entries, you keep them to yourself and its easy to live with. However, once they go as a hard copy, it is out there as an oversight. One resolution is post live trades here in the forum. If you really post every day, you might feel embarrassed with stupid entries, so you wont enter until it makes sense.

its easy to fool yourself

Yeah; I stopped posting live here just because it got old. For me, I have no problem taking a loss and posting it, hell, have done it many a times. A loss is something that is an expected outcome as part of my system. One thing I always liked about Red's thread... never took kindly to those after the fact traders... always was posting as it happened regardless of the outcome.

All of us are trading on different time frames as well, some entries look completely ridiculous to some people when on the smaller vs bigger and vice versa... ehh... all objective I guess.

I need to get me arse home out of work and get the grill fired up.
  • #66,848
  • Mar 22, 2012 2:16pm Mar 22, 2012 2:16pm
Quoting attila
I have a confession to make. Today I traded like shit.
Shiese levels in play mate. Chop zone in monthly / weekly make things look almost "random" below and keep us on the light side on the pair .... except for those 5 minuters that enjoy (one the few times even the mediocre "scalpers" thrive) a clearer environment on the "noisy" up and down intraday moves...

It will be over soon mate the 1.331x /1308x is not going to hold for long especially with quarterly/monthly close around the corner...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #66,849
  • Mar 22, 2012 2:20pm Mar 22, 2012 2:20pm
Quoting sisse
Shiese levels in play mate. Chop zone in monthly / weekly make things look almost "random" below and keep us on the light side on the pair .... except for those 5 minuters that enjoy (one the few times even the mediocre "scalpers" thrive) a clearer environment on the "noisy" up and down intraday moves...

It will be over soon mate the 1.331x /1308x is not going to hold for long especially with quarterly/monthly close around the corner...

sisse
One of those days.. I've got to get my head straight first..
  • #66,850
  • Mar 22, 2012 2:25pm Mar 22, 2012 2:25pm
Quoting attila
One of those days.. I've got to get my head straight first..
Well shit happens to all of us, tomorrow will be better....plus not as an excuse but I know you trade the big picture and that one is stuck in chop zone so...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #66,851
  • Mar 22, 2012 3:10pm Mar 22, 2012 3:10pm
Dang my 1.3193 SH still hovering... I have a 1.3260 Stop....

1.3125 Target Price.....
  • #66,852
  • Mar 22, 2012 3:12pm Mar 22, 2012 3:12pm
Quoting needpips
Dang my 1.3193 SH still hovering... I have a 1.3260 Stop....

1.3125 Target Price.....
its will be fine just torturing the chasers....
  • #66,853
  • Mar 22, 2012 3:14pm Mar 22, 2012 3:14pm
Quoting attila
In the mean time my short is going to shit if anywhere..
take a step back and breathe, mate. I got the impression that you are a bit nervous lately. just a thought.
  • #66,854
  • Mar 22, 2012 3:15pm Mar 22, 2012 3:15pm
talk about self confidence. i could use some of that...

Quoting fxjawn
its will be fine just torturing the chasers....
dreams do come true.
  • #66,855
  • Mar 22, 2012 3:18pm Mar 22, 2012 3:18pm
Quoting wannaberich
talk about self confidence. i could use some of that...
i hope we move down another 80 pips or so tonight
  • #66,856
  • Mar 22, 2012 3:21pm Mar 22, 2012 3:21pm
Quoting fxjawn
i hope we move down another 80 pips or so tonight
the most we can do is 79...
  • #66,857
  • Mar 22, 2012 3:23pm Mar 22, 2012 3:23pm
Quoting darimik
the most we can do is 79...
tp adjusted.... i expect just before 3100 3110 maybe
  • #66,858
  • Mar 22, 2012 3:23pm Mar 22, 2012 3:23pm
Quoting Mr Hatch
take a step back and breathe, mate. I got the impression that you are a bit nervous lately. just a thought.
Indeed. It's probably what I'll do for a week or so... My schedule is driving me crazy. Can't sleep when I need, can't trade when I have to.. It's pretty much a mad house around here. It comes a point when it gets to you..
  • #66,859
  • Mar 22, 2012 3:25pm Mar 22, 2012 3:25pm
Gotta get some kip here mate

Getting and staying below weekly 20MA 1.317x would be nice. Could still blast north too

Quoting fxjawn
i hope we move down another 80 pips or so tonight
Attached Image (click to enlarge)
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Disclaimer: Check your 1m charts
  • #66,860
  • Mar 22, 2012 3:28pm Mar 22, 2012 3:28pm
Quoting pipper
Gotta get some kip here mate

Getting and staying below weekly 20MA 1.317x would be nice. Could still blast north too
yea im thinking another push down into a ny reversal to finish the week
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