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  • #648,801
  • May 29, 2012 3:26am May 29, 2012 3:26am
Quoting daemon_delux
Congrats on the call, it's good you closed green pips. better luck next time, mate

well, the immediate reaction to the german news was pretty obvious, and short squeeze or otherwise, unless I see a clear and compelling 50 pip move, i'm moveing stops to positive as soon as i get 10-15 pips in most cases.

and I may be kicking myself a little for a somewhat impulsive 2nd entry here... I just see a bit more buying pressure than one would expect after such news...at such a close level too.

I may not even have coinflip odds...but with a bit over 2:1 reward:risk, its my last trade, it's risking less than half my normal risk, and if it works 40% of the time, it's net positive... so we'll see.

Here's to getting lucky.

X

P.S. really hope i'm not donating here... sucks to ruin a winning streak with a loss. But again... I believe odds are net positive. Net positive odds on tiny bets = take the bet...right?
  • #648,802
  • May 29, 2012 3:32am May 29, 2012 3:32am
Quoting forextraderx
well, the immediate reaction to the german news was pretty obvious, and short squeeze or otherwise, unless I see a clear and compelling 50 pip move, i'm moveing stops to positive as soon as i get 10-15 pips in most cases.

and I may be kicking myself a little for a somewhat impulsive 2nd entry here... I just see a bit more buying pressure than one would expect after such news...at such a close level too.

I may not even have coinflip odds...but with a bit over 2:1 reward:risk, its my last trade, it's risking less than half my normal risk, and if...
Agree about ruining winning streak. Took profits at 1.2570 as I do not see momentum. Think the New York market and USD news will move markets later, but no clear direction.
"The market can remain irrational longer than you can remain solvent"
  • #648,803
  • May 29, 2012 3:35am May 29, 2012 3:35am
Quoting anton.olff
Agree about ruining winning streak. Took profits at 1.2570 as I do not see momentum. Think the New York market and USD news will move markets later, but no clear direction.

Ya... without a bounce in the next 5 pips or so... i'll be happy to get out at BE.

Nevertheless, it's been a solid day. And tomorrow will be another opportunity for a flawless streak. But I'll settle for positive.

X
  • #648,804
  • May 29, 2012 3:36am May 29, 2012 3:36am
1/3 closed
Attached Image (click to enlarge)
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  • #648,805
  • May 29, 2012 3:36am May 29, 2012 3:36am
Quoting forextraderx
well, the immediate reaction to the german news was pretty obvious, and short squeeze or otherwise, unless I see a clear and compelling 50 pip move, i'm moveing stops to positive as soon as i get 10-15 pips in most cases.

and I may be kicking myself a little for a somewhat impulsive 2nd entry here... I just see a bit more buying pressure than one would expect after such news...at such a close level too.

I may not even have coinflip odds...but with a bit over 2:1 reward:risk, its my last trade, it's risking less than half my normal risk, and...

assuming sell here ill think youll do all right if it is. my indicators are saying we are due for a drop.. good luck
  • #648,806
  • May 29, 2012 3:36am May 29, 2012 3:36am
"Tuesday Sessions SETUP SURVEY" ... 23h00 daily close ...

###

"Tuesday Sessions SETUP SURVEY" ... preliminary rollover close version ... without fresh telegram text ...

###

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:


1.)


2012-05-28_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-22 # A1 ss End Of Day


24 hour probabilities ...


###



This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

(UPDATE 23h00 CET) Ausblick:

This is what we have got to work with for the trading sessions ahead and the period remaining until the end of Tuesday & Week No. 22 ...

Text and preliminary strategies as shown in the TABLE further hints will be (maybe) mentioned later ...






palim palim





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #648,807
  • May 29, 2012 3:43am May 29, 2012 3:43am
Quoting tightscalper
assuming sell here ill think youll do all right if it is. my indicators are saying we are due for a drop.. good luck

Oh I wouldn't feel so bad about it if it was a sell

Again...been a good day, but in retrospect, regardless of whether this works or not... it was a trade I planned least of all.... and could have executed much better with a more specific plan (or not executed at all...)

I guess that's why i've decided to start posting and journaling and such. To gain a higher degree of consistency.

Today was "almost" perfect. win or lose, tomorrow will be perfectly consistent in my thoughts and actions. Because donating back 1/5th of a day's profits is basically like taking a 2 month vacation that one had to pay for, but not get a vacation.

X
  • #648,808
  • May 29, 2012 3:46am May 29, 2012 3:46am
Quoting forextraderx
Oh I wouldn't feel so bad about it if it was a sell

Again...been a good day, but in retrospect, regardless of whether this works or not... it was a trade I planned least of all.... and could have executed much better with a more specific plan (or not executed at all...)

I guess that's why i've decided to start posting and journaling and such. To gain a higher degree of consistency.

Today was "almost" perfect. win or lose, tomorrow will be perfectly consistent in my thoughts and actions. Because donating back 1/5th of a day's profits...
If you're in the green, and the profits work for you, it's better than expected these days.

You know the old saying : you shouldn't check a gift horse's teeth.
Please, just slap me around if I'm being silly ...
  • #648,809
  • May 29, 2012 3:47am May 29, 2012 3:47am
Quoting untusoft
Hi man,
I'm riding short position too, at about 1.2560...
But I like scalp ... only 5-10 pips..
Imagine if your SL not that close, I think that's the right decision....

Much appreciated...
Hello Untus, nice short. I can see you're in green. But I'm not a scalper. I like being precise with my trades. Don't hold the shorts long if 2547 refuses to break.

Talking of SLs, my friend "mercy_seat" always repremand me for been too tight, but there are days you'd be glad it was tight. Why would I risk 50pips when I could just risk 5? It's about knowing when your plan fails.

London has developed into a range. So it's all about waiting and just trading the breakout.

BTW, do u use SLs on ur scalps?
Don't just beat the markets, leave bruises.
  • #648,810
  • May 29, 2012 3:48am May 29, 2012 3:48am
Well, reduced half the small position to something even smaller.

at a total risk now of less than 1/3 of 1 percent... A loss won't be as frustrating.

I should really know this by now... but i've always needed a high win rate to be fully satisfied and psychologically comfortable with my trading.

I guess my take home lesson here folks is no matter if the odds are beleived to be in ones favor. If one can't trust the trade and relax, one probably shouldn't take the trade at all.

Notes for my "trade review" tomorrow I suppose.

Anyway, g'night all. It's been good. Best of luck.

X
  • #648,811
  • May 29, 2012 3:51am May 29, 2012 3:51am
Good morning all
I took short sell @ 1,2556 SL@1,2565 TP1 @1,2500 but looking beyond that level of course.
Also Aussie tiny position @ 0,9890 SL @ BE atm TP @ 0,9757
Green pips to all

oh and I bought corn LOL first time ever as daily shows up move
swing it!
  • #648,812
  • May 29, 2012 3:53am May 29, 2012 3:53am
Quoting daemon_delux
If you're in the green, and the profits work for you, it's better than expected these days.

You know the old saying : you shouldn't check a gift horse's teeth.

Ya know... thats true...to a point.

I've been doing this full time for a couple years now, but after a great 2011, I've hit a slump this year. I'm still up double digits in my primary account... but, well, it should be triple what it is at least.

And I know it. And I'm sick of it. And I know with a win rate that is comfortably over 60% for 2011, with over 1000 trades in 20 different markets, and winners making a bit more than losers cost...

I should never have a losing month, statistically speaking.

Not so this year, thus the journal here, the participation in the forum, etc.

Something about unabashed honesty in a public manner has a way of forcing both reality and improvement. At least for me.

ANd just as I type, trade is in black. Maybe i'll get thos 7 pips + a bit more back.

would be nice... but would have been nicer to not act impulsively at all.

X
  • #648,813
  • Edited 3:54am May 29, 2012 3:53am | Edited 3:54am
Spanish Gov't to recapitalize Bankia via new debt issuance getting some positive price action.
  • #648,814
  • May 29, 2012 3:55am May 29, 2012 3:55am
Quoting Crassius
Spanish Gov't to recapitalize Bankia via new debt issuance getting some positive price action.
again? I read something about that hours ago....
  • #648,815
  • May 29, 2012 3:55am May 29, 2012 3:55am
Quoting tomspin
Good morning all
I took short sell @ 1,2556 SL@1,2565 TP1 @1,2500 but looking beyond that level of course.
Also Aussie tiny position @ 0,9890 SL @ BE atm TP @ 0,9757
Green pips to all

oh and I bought corn LOL first time ever as daily shows up move
morning bud
Trade What You See Not What You Want To See
  • #648,816
  • May 29, 2012 3:56am May 29, 2012 3:56am
Quoting BFSGcapital
shorted 70, bears turn
almost closed position after whatever the hell that random spike was, luckily it was short lived

still holding
An opportunity lost is not a capital cost.
  • #648,817
  • May 29, 2012 3:57am May 29, 2012 3:57am
Quoting daemon_delux
I swear to god I'll start slaughterin penguins if the market doesn't behave.
And I swear, you just made my day!

Don't just beat the markets, leave bruises.
  • #648,818
  • May 29, 2012 4:01am May 29, 2012 4:01am
short 49
all eyes on 46
this seem to be the one we have to break
Trade What You See Not What You Want To See
  • #648,819
  • May 29, 2012 4:02am May 29, 2012 4:02am
First time within days London bearish candle is weak (vol based).
Same thing for usdcad.

Dollar bulls will be exhausted soon....if not now
COT: The precious data ignored
  • #648,820
  • May 29, 2012 4:05am May 29, 2012 4:05am
i will buy eur/usd right now
plu aud/usd .9865 taget .9905
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