The Really Useless Thread | Page 3709 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #74,161
  • Apr 12, 2012 2:24pm Apr 12, 2012 2:24pm
Quoting Larseg
still time to buy some NOKIA!!!


lol! If you buy, I'll sell. Just gotta borrow some shares to give them to you!
  • #74,162
  • Apr 12, 2012 2:25pm Apr 12, 2012 2:25pm
quick scalp long @ 1.3186 going into the close
Disclaimer: Check your 1m charts
  • #74,163
  • Apr 12, 2012 2:25pm Apr 12, 2012 2:25pm
Quoting attila
Bull shit.. I look back sometimes and I think I'm a genius but I miss a lot of the set ups because I'm either asleep, I'm stopped out, or I'm just not in a mental state to trade... like today.
tell me about it bro.... just funny how at certain times I see shit really clear.... then i take a loss or somethin and it totally clouds my judegement
  • #74,164
  • Apr 12, 2012 2:27pm Apr 12, 2012 2:27pm
Quoting Venice
lol! If you buy, I'll sell. Just gotta borrow some shares to give them to you!

the hardest trades are the best ones you know
  • #74,165
  • Apr 12, 2012 2:27pm Apr 12, 2012 2:27pm
Quoting Wulfgar
tell me about it bro.... just funny how at certain times I see shit really clear.... then i take a loss or somethin and it totally clouds my judegement
That's the biggest problem. The mental state. Right now, I can't even make money in demo. It's pathetic.
  • #74,166
  • Apr 12, 2012 2:28pm Apr 12, 2012 2:28pm
Quoting Wulfgar
tell me about it bro.... just funny how at certain times I see shit really clear.... then i take a loss or somethin and it totally clouds my judegement
Gotta get that shit out of your head. You need to acclimate yourself to taking losses.

Shit, I just took a -11 and a +6. The +6 had half as much leverage as the -11, which let me recover a little bit of the loss in the retrace.

Don't care, another trade in the many of them. On to the next.

Edit: normally they don't slip away from me like that, forgot my stop. LOL
  • #74,167
  • Apr 12, 2012 2:32pm Apr 12, 2012 2:32pm
Quoting Venice
Gotta get that shit out of your head. You need to acclimate yourself to taking losses.

Shit, I just took a -11 and a +6. The +6 had half as much leverage as the -11, which let me recover a little bit of the loss in the retrace.

Don't care, another trade in the many of them. On to the next.

Edit: normally they don't slip away from me like that, forgot my stop. LOL

I still believe 1 trade a day is enough
  • #74,168
  • Apr 12, 2012 2:32pm Apr 12, 2012 2:32pm
I've conditioned myself to not care about the losses... just see them as another part of the game now. But before I use to hold on and hope things would turn around. Would work out most of the time, except for that one where it margined me out and crushed my account.

That's in the past, and I now am able to manually close orders at will if the stop isn't there. Doesn't bother me one bit. But it took a few years to condition myself to where I am at.
  • #74,169
  • Apr 12, 2012 2:34pm Apr 12, 2012 2:34pm
Quoting Larseg
I still believe 1 trade a day is enough
Yep. Usually is. Find the intraday trend, load it and run with it.

I like picking up small 5-20 pip hitters throughout the day though
  • #74,170
  • Apr 12, 2012 2:39pm Apr 12, 2012 2:39pm
H4 wants a retest of 3155 before we head on up...
  • #74,171
  • Apr 12, 2012 2:42pm Apr 12, 2012 2:42pm
Quoting Venice
Gotta get that shit out of your head. You need to acclimate yourself to taking losses.

Shit, I just took a -11 and a +6. The +6 had half as much leverage as the -11, which let me recover a little bit of the loss in the retrace.

Don't care, another trade in the many of them. On to the next.
thats true man... i mean my gains are outpacing my losses for sure....

its just fuckin with me for whatever reason this week.... i feel like Ive been pretty damn selective for the most part(had one stupid trade I got out of for like +4)... but its 100% on me for the losses... gotta get my shit str8
  • #74,172
  • Apr 12, 2012 2:44pm Apr 12, 2012 2:44pm
Quoting Venice
H4 wants a retest of 3155 before we head on up...
I suspect this is one of those nonbelievers in retraces.
  • #74,173
  • Apr 12, 2012 2:44pm Apr 12, 2012 2:44pm
Out for +4. not liking MA's on 1min

Quoting pipper
quick scalp long @ 1.3186 going into the close
Disclaimer: Check your 1m charts
  • #74,174
  • Apr 12, 2012 2:48pm Apr 12, 2012 2:48pm
Quoting Wulfgar
thats true man... i mean my gains are outpacing my losses for sure....

its just fuckin with me for whatever reason this week.... i feel like Ive been pretty damn selective for the most part(had one stupid trade I got out of for like +4)... but its 100% on me for the losses... gotta get my shit str8
well then ur not really loosing...

stop crying like a bitch and stop taking chump trades...

that is all
  • #74,175
  • Apr 12, 2012 2:52pm Apr 12, 2012 2:52pm
Quoting fxjawn
well then ur not really loosing...

stop crying like a bitch and stop taking chump trades...
that is all
  • #74,176
  • Apr 12, 2012 2:53pm Apr 12, 2012 2:53pm
Quoting attila
I suspect this is one of those nonbelievers in retraces.
Could be, but the current H4 candle is being rejected. It could be a touch and go, but it's oh so rare for price not to come back at some point and retouch, at minimum, the supply turned demand.

Unless it's the aussie, then.... BUY BUY BUY! lol.

Oh man, I miss when that thing was parabolic. Didn't matter where you bought at. At worst, was like a 100 pip draw down, and you would probably be in profit within the next day or two. haha.
  • #74,177
  • Apr 12, 2012 2:54pm Apr 12, 2012 2:54pm
Quoting Venice
I've conditioned myself to not care about the losses... just see them as another part of the game now. But before I use to hold on and hope things would turn around. Would work out most of the time, except for that one where it margined me out and crushed my account.

That's in the past, and I now am able to manually close orders at will if the stop isn't there. Doesn't bother me one bit. But it took a few years to condition myself to where I am at.
A part of every equity curve...unavoidable. Like any chart, just buy the fakking dip!

Attached Image (click to enlarge)
Click to Enlarge Name: ECurv.PNG Size: 9 KB
  • #74,178
  • Apr 12, 2012 2:55pm Apr 12, 2012 2:55pm
Quoting fxjawn
well then ur not really loosing...

stop crying like a bitch and stop taking chump trades...

that is all
Tell it like it is, sister...testify!
  • #74,179
  • Apr 12, 2012 2:56pm Apr 12, 2012 2:56pm
Quoting Wulfgar
Uhhhh...are you listening?

I'd offer you a tissue, but...

Attached Image
  • #74,180
  • Apr 12, 2012 2:57pm Apr 12, 2012 2:57pm
Quoting Venice
Could be, but the current H4 candle is being rejected. It could be a touch and go, but it's oh so rare for price not to come back at some point and retouch, at minimum, the supply turned demand.

Unless it's the aussie, then.... BUY BUY BUY! lol.

Oh man, I miss when that thing was parabolic. Didn't matter where you bought at. At worst, was like a 100 pip draw down, and you would probably be in profit within the next day or two. haha.
moved right under 200 ema there..
113 traders viewing now