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  • #635,521
  • Apr 27, 2012 8:39pm Apr 27, 2012 8:39pm
Quoting torex
I'm sorry if my problem created an off-topic conversation on this thread...

sorry guys, but i love you, all of you
No worries man....the markets are closed. We're all here to try and help.

Have a good remainder of the weekend....clear your head. A new trading week starts. Start fresh and you'll come around.

I read Cloggie's older posts...he describes how he came to be such an excellent trader. Read all of those and you'll see that the man shares what it takes.

Anywho....have a good one.
It's the simple things in life that have the most powerful meaning.
  • #635,522
  • Apr 27, 2012 8:40pm Apr 27, 2012 8:40pm
Quoting lebleup
Why do you figure this person is losing his shirt? What is it that is causing the emotion? You think it might be that they do not know how to manage risk / money? You have to strip it down...start from scratch and then build into it....

paper trade first. then micro lots....graduate to mini lots...and so on.

What is causing the emotion? Money drives it right? Well..if you've read these very experienced one's posts...it ain't about the money at their level. It's about making the right call....and executing it time and again....the pips (money)...
there was a thread on FF, opened by Jack xxx (i don't know the exact nickname) where a very important part of the trading psychology was setting a non monetary goal
  • #635,523
  • Apr 27, 2012 8:41pm Apr 27, 2012 8:41pm
Quoting torex
I'm sorry if my problem created an off-topic conversation on this thread...
Learning to be a better trader IS the topic of this thread. Never apologise for seeking advice.
Cheers, Harry The hardest way to make easy money.
  • #635,524
  • Apr 27, 2012 8:41pm Apr 27, 2012 8:41pm
keep adding dollars only little while before dollar craze starts
  • #635,525
  • Edited 8:53pm Apr 27, 2012 8:43pm | Edited 8:53pm
Quoting 853efx
why?
There is strong support line @ 1.30373 which is not broken successfully since 7/16/2006 although there were unsuccessfully tested and sometime with false break-out at various timeline - 11/16/2008, 3/1/2009,5/9/2009, 8/29/2010, 1/9/2011, 1/8/2012, and 7 times since 2/12/2012. Next week it is likely to test this support line and it will reach to 1.30373. If this support line is broken then it will be big time fall in euro and go down 1.2600.
AshN
  • #635,526
  • Apr 27, 2012 8:43pm Apr 27, 2012 8:43pm
Quoting lebleup
Why do you figure this person is losing his shirt? What is it that is causing the emotion? You think it might be that they do not know how to manage risk / money? You have to strip it down...start from scratch and then build into it....

paper trade first. then micro lots....graduate to mini lots...and so on.

What is causing the emotion? Money drives it right? Well..if you've read these very experienced one's posts...it ain't about the money at their level. It's about making the right call....and executing it time and again....the pips (money)...
Have to add this. Without money involved, real money. One would trade in a different manner. If the emotion part that comes with being in the red, or being in the green isn't controlled, a good trade could become a bad trade, and a bad trade could become a disaster. Demo accounts don't instill that part of the experience, and the emotion and discipline is half the battle.
All that is left in FF is just plain garbage. "Cloggie"
  • #635,527
  • Apr 27, 2012 8:44pm Apr 27, 2012 8:44pm
Quoting lebleup
Why do you figure this person is losing his shirt? What is it that is causing the emotion? You think it might be that they do not know how to manage risk / money? You have to strip it down...start from scratch and then build into it....

paper trade first. then micro lots....graduate to mini lots...and so on.

What is causing the emotion? Money drives it right? Well..if you've read these very experienced one's posts...it ain't about the money at their level. It's about making the right call....and executing it time and again....the pips (money)...
well, the thing is ppl r used to b controlled by a bigger force - once one realizes, we all r only human and the media controls us in a fancy way only and stuff, i guess u know the rest - simple words: if u trade - u r ur own boss - question is, do u trust urself?
  • #635,528
  • Apr 27, 2012 8:44pm Apr 27, 2012 8:44pm
Quoting HarryJ
Learning to be a better trader IS the topic of this thread. Never apologise for seeking advice.
All that is left in FF is just plain garbage. "Cloggie"
  • #635,529
  • Apr 27, 2012 8:46pm Apr 27, 2012 8:46pm
Quoting pkimnyc
this whole thing reminds me of geppy back in 2008..
Yes sadly and happily it was my first foray into geppy then, trader called geppy had forum, was in joined 2 skype type rooms (forexpeacearmy) very basic then, she absolutely butchered me at first,
but thankfully I caught 2 lots around "may" 04 and (ironic) and again in August when she colapsed, there was about 12 in 1 group and 5 in antother, and we were all excited but apprehensive, day after day was just raining bricks, some closed some trailed but our group held our stops and partialed set targets, if I remember a corporate broker entered B instead of M and hell there was literally a vertical bar on the screen, it was surreal, I believe in that 24 hr many traders were wiped out including brokers, ther e were no major court cases here but were in USA and Europe, it was an absolute mess, some brokers refused to settle the usual bs .

But yes bro, I guess we were a few of the happier ones, really was the beginning of only selling mentality, bears trains are always faster and more violent than bull trains, except intervention, even those can trade fade, I m talking real trains, I ve watched traders sell excellent resist higher tf and close with 15 20 30 pips, and pa respected resist and drops waway 3 4 500 pips, its like hell if its major resistance you gota be prepare to fight for your position and remove sl risk and wait for proper restect of level.
If you are new to Forex? Say Goodbye to your account!!
  • #635,530
  • Apr 27, 2012 8:47pm Apr 27, 2012 8:47pm
Quoting torex
there was a thread on FF, opened by Jack xxx (i don't know the exact nickname) where a very important part of the trading psychology was setting a non monetary goal
Good stuff. Thanks for sharing. I will definitely look at it.

I'm off to dinner with wife and son.

You folks have a good weekend.
It's the simple things in life that have the most powerful meaning.
  • #635,531
  • Apr 27, 2012 8:47pm Apr 27, 2012 8:47pm
Quoting netFX
There is strong support line @ 1.30373 which is not broken successfully since 7/16/2006 although there were unsuccessfully tested and sometime with false break-out at various timeline - 11/16/2008, 3/1/2009,5/9/2009, 8/29/2010, 1/9/2011, 1/8/2012, and 7 times since 2/12/2012. Next week it is likely to test this support line and it will reach to 1.30373. If this support line is broken then it will be big time fall in euro and go down 1.2800.
i c that price as well, but i do c some other levels above too, like 315, 313, 31 and so on and so far...
  • #635,532
  • Apr 27, 2012 8:48pm Apr 27, 2012 8:48pm
Quoting tonyo524
Have to add this. Without money involved, real money. One would trade in a different manner. If the emotion part that comes with being in the red, or being in the green isn't controlled, a good trade could become a bad trade, and a bad trade could become a disaster. Demo accounts don't instill that part of the experience, and the emotion and discipline is half the battle.
exactly
  • #635,533
  • Apr 27, 2012 8:50pm Apr 27, 2012 8:50pm
Quoting lebleup
No worries man....the markets are closed. We're all here to try and help.

Have a good remainder of the weekend....clear your head. A new trading week starts. Start fresh and you'll come around.

I read Cloggie's older posts...he describes how he came to be such an excellent trader. Read all of those and you'll see that the man shares what it takes.

Anywho....have a good one.
What the heck is anywho?
All that is left in FF is just plain garbage. "Cloggie"
  • #635,534
  • Apr 27, 2012 8:54pm Apr 27, 2012 8:54pm
Do any of you see that this structure appears very similiar to what happened last summer? I am playing around with trendlines from then and adding them to where we are currently and the majority of them are matching almost perfectly.

Perhaps we will move towards the 646 area on Geppy, 1.34 on e/u and reverse, any opinions? Am I just grasping at straws here?

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  • #635,535
  • Apr 27, 2012 8:56pm Apr 27, 2012 8:56pm
Quoting lebleup
Good stuff. Thanks for sharing. I will definitely look at it.

I'm off to dinner with wife and son.

You folks have a good weekend.
http://www.forexfactory.com/showthread.php?p=5355453

The thread i was talking about...a good lesson..

Cheers

Muppet out (As HDA always says)
  • #635,536
  • Apr 27, 2012 8:58pm Apr 27, 2012 8:58pm
i wonder what names will b present on FF in 2015? fx ain't a quick game to get rich - it takes some srs commitment for decades (depends on the account size ofc, lol) but in most of the cases it means at least 2 months...
  • #635,537
  • Edited 9:15pm Apr 27, 2012 8:58pm | Edited 9:15pm
Quoting attila
Looks a little wedgy on h4 but these things usually drop only to the bottom.. We'll see what the week brings..

happy trading..
yep is nice wedge, pa is trapped, betwen new utl and previous wedge utl my guess this will be the new range clean bo either way will confirm direction 3269 - 3241
If you are new to Forex? Say Goodbye to your account!!
  • #635,538
  • Apr 27, 2012 9:01pm Apr 27, 2012 9:01pm
Quoting DasPips
Do any of you see that this structure appears very similiar to what happened last summer? I am playing around with trendlines from then and adding them to where we are currently and the majority of them are matching almost perfectly.

Perhaps we will move towards the 646 area on Geppy, 1.34 on e/u and reverse, any opinions? Am I just grasping at straws here?

Attachment
the past won't predict the future - that's why backtesting is totally worthless, b smart and try to addapt as quickly as possible - watch PA and decide about further actions on the fly - it's all about quick and very final decisions
  • #635,539
  • Apr 27, 2012 9:05pm Apr 27, 2012 9:05pm
Do you know what i am thinking about? Learning drives to be more able to develop better analyses, better entry points...but this learning process doesn't it make you harder to admit that you are wrong?... it is a question from my rookie point of view, anyway
  • #635,540
  • Apr 27, 2012 9:13pm Apr 27, 2012 9:13pm
Quoting torex
Do you know what i am thinking about? Learning drives to be more able to develop better analyses, better entry points...but this learning process doesn't it make you harder to admit that you are wrong?... it is a question from my rookie point of view, anyway
wait for a consolidation first - look where price could go next - short below, long above, depending on PA - keep a healthy MM and don't get greedy - a small account takes years to grow - a big account takes days to shrink
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