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  • #646,941
  • May 24, 2012 3:50am May 24, 2012 3:50am
Quoting doggette
Waiting on the sideline
Me as well.

Sometimes the best trade is not making one.
  • #646,942
  • May 24, 2012 3:50am May 24, 2012 3:50am
Helo guys, there is change a rebound before Eur/Usd go down?
  • #646,943
  • May 24, 2012 3:50am May 24, 2012 3:50am
why is pound going up on bad gdp ?
  • #646,944
  • May 24, 2012 3:55am May 24, 2012 3:55am
Quoting Snarkalarker
Me as well.

Sometimes the best trade is not making one.
They say the most aggressive position is not bull or bear but wating on sidelines. If one is there 90% of the time, can still produce good results.
The Thief of Wall Street
  • #646,945
  • May 24, 2012 3:58am May 24, 2012 3:58am
Quoting Esssex
Naw, I've just been through something called life.

When you are down and out, no one will really help you. They say encouraging words to sugar coat things to make you feel better, they say they will help but at the end of the day you are on your own because talk is cheap.

You need to be the one climbing up with your own hands because frankly no one is going to bother if you fall into the pits.

Well said, in the end we must fight our own battles but we should always remember and/or bear in mind our beginnings and roadblocks - surely we welcomed encouraging words?
  • #646,946
  • May 24, 2012 3:59am May 24, 2012 3:59am
Quoting Chicky
They say the most aggressive position is not bull or bear but wating on sidelines. If one is there 90% of the time, can still produce good results.
I heard the sideline market is bigger than the Forex market.
  • #646,947
  • May 24, 2012 4:00am May 24, 2012 4:00am
Quoting Sarvegus
Helo guys, there is change a rebound before Eur/Usd go down?
as always, yes it is possible
  • #646,948
  • May 24, 2012 4:02am May 24, 2012 4:02am
Quoting Chicky
If one is there 90% of the time, can still produce good results.
And never a bad one.

I agree very much with what you said earlier..."Patience"!!!
  • #646,949
  • May 24, 2012 4:04am May 24, 2012 4:04am
Quoting mohan76
now days avoiding trading in Europe and us session
also bear in mind..never try to pick the bottom in such circumstances ...
Patience, Emotion Control and Discipline.
  • #646,950
  • May 24, 2012 4:06am May 24, 2012 4:06am
Quoting Snarkalarker
I doubt he has the capital to do that.

But still, we do not know how much he lost. Maybe he opened an account for $500. So he lost a little bit of money, no big deal. I sincerely hope he did not open an account with 10 Grand or so.

And what money was he trading with?

His savings?

Or was it just mad money that you have left over after diligently sticking to a very tight budget?
It was an account of $2000. But I did a last trade and went long with one micro lot at 2519 expecting a big bounce
  • #646,951
  • May 24, 2012 4:08am May 24, 2012 4:08am
EU makes a great pullback there..
anyone short after correction ?
  • #646,952
  • May 24, 2012 4:10am May 24, 2012 4:10am
Quoting Esssex
When you are down and out, no one will really help you. They say encouraging words to sugar coat things to make you feel better, they say they will help but at the end of the day you are on your own because talk is cheap.
Yes, sometimes life throws you a curveball and you get to find out who your real friends are, and who just wants something from you.

In my experience, most people are selfish and are happy to walk over you if it's easier than the alternative.
"Don't Panic..."
  • #646,953
  • May 24, 2012 4:11am May 24, 2012 4:11am
expecting some sort of pull back here...
Attached Image (click to enlarge)
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An opportunity lost is not a capital cost.
  • #646,954
  • May 24, 2012 4:13am May 24, 2012 4:13am
I am long since 60 and 28.

As I said levels to watch were 82-02-15

But I have revised it to include

60-82-97.

With the major battle at 97, seeing as how many short orders were there when we last challenged it.
  • #646,955
  • May 24, 2012 4:13am May 24, 2012 4:13am
Now time to short again
  • #646,956
  • May 24, 2012 4:13am May 24, 2012 4:13am
Quoting redart9
It was an account of $2000. But I did a last trade and went long with one micro lot at 2519 expecting a big bounce
take a break those 20$ wont do you anything.if those were your saving or left over money youll live,but after few months think twice is it better to invest into somethig that you can have fun with or something that will cause you missery and pain in the long term with 90/10% of loosing all over again.its a rough game and the rules are made by people with 7 digit accounts and little to no leverage.Someone askedin another forum would you start again in forex if you could,if i knew what i know now and the missery i went trough id rather take 4k$ that i lost and start my own little business,at the end results would probably turn out better with small business then all it takes to nanny forex account.
  • #646,957
  • May 24, 2012 4:13am May 24, 2012 4:13am
Quoting redart9
It was an account of $2000. But I did a last trade and went long with one micro lot at 2519 expecting a big bounce
analyze all of your trades (got a journal right?)
open a demo account, practice, try out everything you want to
when confident
open a real account, practice with micro lots

try to be consistent, have a good gained / lost pips ratio

Give yourself time to evolve, work-work-work on it
  • #646,958
  • May 24, 2012 4:14am May 24, 2012 4:14am
Quoting jajano
EU makes a great pullback there..
anyone short after correction ?
belum bro, still waiting how she behave on that lower channel line. But I think 50 pips from a div on 15M TF is quite normal. Buyer seems not there anymore but still no sign from seller. No sign of movement either way yet.
  • #646,959
  • May 24, 2012 4:14am May 24, 2012 4:14am
Done for today I think.. May be will catch later in US session..

Just a remark: For me I am not seeing any long-term buy since we touch 1.22-1.20.

May be from those levels I go long with good targets, otherwise I am just doing my normal intraday trading..

green pips all
  • #646,960
  • May 24, 2012 4:17am May 24, 2012 4:17am
Quoting Halifax
Yes, sometimes life throws you a curveball and you get to find out who your real friends are, and who just wants something from you.

In my experience, most people are selfish and are happy to walk over you if it's easier than the alternative.
It's sad to know right?
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