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Another simple system - Time-Frame 15

  • #2,041
  • May 30, 2012 12:00am May 30, 2012 12:00am
Quoting loveevery1
Tor....what happened to the AU trade you took yesterday mate
I closed it early for -5, as I realised I didn't have a totally valid setup. Wish I'd held it, but I got in a G/U long just after and turned my day into profit.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,042
  • May 30, 2012 12:04am May 30, 2012 12:04am
Interesting update to the E/U.

See how it failed to close above the 382 fib line? There was a lot of previous support around that area that now appears to be resistance. Maybe the signs are clearer than I thought!

Maybe short the E/U soon.
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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,043
  • May 30, 2012 12:11am May 30, 2012 12:11am
10 pips up on EU...
Let all the living things live blissfully
  • #2,044
  • May 30, 2012 12:13am May 30, 2012 12:13am
Quoting loveevery1
10 pips up on EU...
What got you in?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,045
  • May 30, 2012 12:13am May 30, 2012 12:13am
still running+12 now...
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Let all the living things live blissfully
  • #2,046
  • May 30, 2012 12:17am May 30, 2012 12:17am
I'm also short at 1.2455.

It's a little risky, but it could be a big payer.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,047
  • May 30, 2012 12:18am May 30, 2012 12:18am
Quoting By_Tor2114
What got you in?
1hr 10ema close..i posted few picture from the day chart this morning, same picture ...i was one minute late for this entry...
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Attached Image
Let all the living things live blissfully
  • #2,048
  • May 30, 2012 12:19am May 30, 2012 12:19am
Quoting By_Tor2114
I'm also short at 1.2455.

It's a little risky, but it could be a big payer.
all i will lose is 7 pips....i can take a chance...im going to leave it for now to run....i dont mind taking a loss to watch my greed...LOL
Let all the living things live blissfully
  • #2,049
  • May 30, 2012 12:31am May 30, 2012 12:31am
Quoting loveevery1
all i will lose is 7 pips....i can take a chance...im going to leave it for now to run....i dont mind taking a loss to watch my greed...LOL
7pips...what a small risk.... U stingy? LOL...joking. WTG ..(Clapping)
  • #2,050
  • May 30, 2012 12:32am May 30, 2012 12:32am
already los -15 pips on las trade.

Now short EU , with SL & TP 15 pips.

OK now watitng.
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  • #2,051
  • May 30, 2012 12:33am May 30, 2012 12:33am
Out for -9 pips on E/U. Not a great start to the day.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,052
  • May 30, 2012 12:41am May 30, 2012 12:41am
Quoting By_Tor2114
Out for -9 pips on E/U. Not a great start to the day.
And there goes the drop I was waiting for.

Let this be another good lesson, guys. When the setup is there, let it play out! I can't tell you how many times I've cut a trade too soon in the last week or so. I'd now be nearly 20 pips in profit instead on the 9 pip loss I took.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,053
  • May 30, 2012 12:43am May 30, 2012 12:43am
Quoting By_Tor2114
And there goes the drop I was waiting for.

Let this be another good lesson, guys. When the setup is there, let it play out! I can't tell you how many times I've cut a trade too soon in the last week or so. I'd now be nearly 20 pips in profit instead on the 9 pip loss I took.
YOu're not alone. I made the same mistake...
  • #2,054
  • May 30, 2012 12:49am May 30, 2012 12:49am
Quoting robincwk
7pips...what a small risk.... U stingy? LOL...joking. WTG ..(Clapping)

take a look at it robin....i took another short when the price hit 10ema...i have discussed number of times in the past...PRACTICE YOUR EYES....PRACTICE ..THE PRICE BOUNCED OFF LITTLE coz of the RN below...which is expected...

the first trade was for +26 pips and the second one i closed it for +15 pips...i have earned one month money in these 2 trades...certain trades will give confirmed signals..i posted this trade at the LO...i closed it now..
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Let all the living things live blissfully
  • #2,055
  • May 30, 2012 12:52am May 30, 2012 12:52am
Quoting By_Tor2114
And there goes the drop I was waiting for.

Let this be another good lesson, guys. When the setup is there, let it play out! I can't tell you how many times I've cut a trade too soon in the last week or so. I'd now be nearly 20 pips in profit instead on the 9 pip loss I took.
My brother TOR....why again. you are closing it coz you are scared of losing money.which means that you dont trust your decisions...another clue to you was i was short....you know what kind of trades i take...i cant really see you losing my friend...why why why ?
Let all the living things live blissfully
  • #2,056
  • May 30, 2012 12:56am May 30, 2012 12:56am
Just came to the terminal and was stopped out at +5pips on recent long
  • #2,057
  • May 30, 2012 12:56am May 30, 2012 12:56am
Quoting loveevery1
My brother TOR....why again. you are closing it coz you are scared of losing money.which means that you dont trust your decisions...another clue to you was i was short....you know what kind of trades i take...i cant really see you losing my friend...why why why ?
I know. The setup was there, but I just didn't trust it. This psychology thing is my final hurdle. I'm looking at a G/U long later today. When I open it, I am going to set my SL and just leave it to run where I think it should. Whatever happens, happens!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #2,058
  • May 30, 2012 12:56am May 30, 2012 12:56am
same setup...this is AU daily...i posted it in the morning...and 1hr EU i posted during the LO
Attached Image
Let all the living things live blissfully
  • #2,059
  • May 30, 2012 1:05am May 30, 2012 1:05am
Quoting By_Tor2114
I know. The setup was there, but I just didn't trust it. This psychology thing is my final hurdle. I'm looking at a G/U long later today. When I open it, I am going to set my SL and just leave it to run where I think it should. Whatever happens, happens!
yep..do that...set TP and SL..and forget it..go with the minimum Tp mate...say +15 pips...dont keep it for too long...or it wont let you do any other work in your absense.

FOR THOUGHT:
Psychology..This is everyones hurdle.Anyone in the market can take trades.but this emotion will kill everyone.

FEAR X FAITH ....they are opposite...if one is there other WONT be there..have faith in yourself brothers
Let all the living things live blissfully
  • #2,060
  • May 30, 2012 1:10am May 30, 2012 1:10am
Quoting By_Tor2114
I know. The setup was there, but I just didn't trust it. This psychology thing is my final hurdle. I'm looking at a G/U long later today. When I open it, I am going to set my SL and just leave it to run where I think it should. Whatever happens, happens!
Yeah Tor !!! you are completely right when you mention psychological aspects of trading. Sometimes, when you see the set up your brain tells you to jump in but your inside feeling tells you NOT to jump in because of the fear that the price may turn not in your favor. It's the human being nature! So one should learn how to control you feelings! That's still my biggest problem as well!

Roman.
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