Because that's the nature of trading. You buy low and sell high and vice versa. In general and with exceptions only suckers sell at the lows or buy at highs.
sisse
Those who say it cannot be done should not interrupt those who are doing it
- #37,461
- Jun 15, 2012 12:50pm Jun 15, 2012 12:50pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
- #37,462
- Jun 15, 2012 12:52pm Jun 15, 2012 12:52pm
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
Merci pour prouver mon argument
I observe your reality but live my own.
- #37,463
- Jun 15, 2012 12:52pm Jun 15, 2012 12:52pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Great.. gave up a 6:1 Reward:risk trade for a net of 0 pips....couldnt of been any more wrong on my analysis or trade management
good one Wulf
Only profitable trade is a AUD/NZD short that I grabbed 30 pips out of for the day so a net gain of +20 for the session in 3 trades
Correction: I am down 2% in equity since we hit bottom That's over 2 weeks.
Those who say it cannot be done should not interrupt those who are doing it
- #37,464
- Jun 15, 2012 12:55pm Jun 15, 2012 12:55pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Wow Doc... Please don't take offence, but you really have to work on you punctuation. I think at one time there were about four or five sentences in one. Hard to read and understand for someone who's native language is English. So, I wonder if some of the non-English readers on here would understand what you wrote.
,my apologies for making life difficult for all of u. i always struggle with grammar and punctuation.its my secretary who does all my clinic letter and God bless she never complain and now i think i should give her a nice gift for suffering me for so long.next time i will try to keep my writing to short one liners and also as u know 'if one keep his mouth shut ppl may think ur a fool but once u open ur mouth u will leave no doubt about it'
Allah has permitted trade and has forbidden interest [koran]
- #37,465
- Jun 15, 2012 12:56pm Jun 15, 2012 12:56pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #37,466
- Jun 15, 2012 12:58pm Jun 15, 2012 12:58pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Fr what is worth nobody really knows what the heck is going to happen this weekend so we are all suckers this time because of the political clowns in Greece (and the EZ) that have kept this gangrene wound open for 2 years ...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #37,467
- Jun 15, 2012 1:00pm Jun 15, 2012 1:00pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Buy your secretary a nice gift with a thank-you card. However, ask your wife to choose the gift so you don't get in trouble with her.
http://www.cartoonstock.com/lowres/cza0968l.jpg
Those who say it cannot be done should not interrupt those who are doing it
- #37,468
- Jun 15, 2012 1:06pm Jun 15, 2012 1:06pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #37,469
- Jun 15, 2012 1:12pm Jun 15, 2012 1:12pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Buy your secretary a nice gift with a thank-you card. However, ask your wife to choose the gift so you don't get in trouble with her.
http://www.cartoonstock.com/lowres/cza0968l.jpg
Allah has permitted trade and has forbidden interest [koran]
- #37,471
- Jun 15, 2012 1:29pm Jun 15, 2012 1:29pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #37,472
- Jun 15, 2012 1:30pm Jun 15, 2012 1:30pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Allah has permitted trade and has forbidden interest [koran]
- #37,473
- Jun 15, 2012 1:35pm Jun 15, 2012 1:35pm
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #37,476
- Jun 15, 2012 1:58pm Jun 15, 2012 1:58pm
- | Commercial User | Joined Apr 2012 | 1,121 Posts
all i see on E/U daily is bear flag
flat but I have small sell limit set at 1.2810
Had a great week Hope to have an even better weekend!
This is definitely how I am going to continue to trade, with 0.5-2x leverage except on very rare occasion like 5-10 pip scalps that I have 90%+ confidence in success.
Same to you all! Have a great weekend!
flat but I have small sell limit set at 1.2810
Had a great week
Hope to have an even better weekend!This is definitely how I am going to continue to trade, with 0.5-2x leverage except on very rare occasion like 5-10 pip scalps that I have 90%+ confidence in success.
Same to you all! Have a great weekend!
An opportunity lost is not a capital cost.
- #37,477
- Jun 15, 2012 2:27pm Jun 15, 2012 2:27pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
any body have done good in scalping today??
Allah has permitted trade and has forbidden interest [koran]
- #37,478
- Jun 15, 2012 2:36pm Jun 15, 2012 2:36pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
...
Just before markets close tonight, I plan on placing a few small sized sell limit orders at certain resistance levels. I have yet to decide exactly which ones as I want to see how PA plays out between now and 20:00 GMT. However the ones I have in mind right now are 1.2680, 1.2760, 1.2810, 1.2900 and 1.2950 The total leverage if all 5 get triggered will equal to 0.5:1 so it is very low risk. Limit orders which have not yet triggered at open price will probably be deleted and I will manage the triggered ones manually from there. Of course this...
Five small sell limit orders have been placed at:
1.2705
1.2760
1.2820
1.2887
1.2950
Now hopefully ND wins the election but are unable to form a coalition
Have a great weekend everybody.
Those who say it cannot be done should not interrupt those who are doing it
- #37,479
- Jun 15, 2012 2:37pm Jun 15, 2012 2:37pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
