This is nonsense now WTH??
- #660,223
- Jun 20, 2012 3:06pm Jun 20, 2012 3:06pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #660,225
- Jun 20, 2012 3:07pm Jun 20, 2012 3:07pm
not a good time to trade really
again 20 $ loss and cut the trade . i come back after almost 1 week . ad loss 60 dollar
now need to earn 60 pips in 2 days to recover my loss
currencies trade in a large range
so keep your positions small - yeah ironically this accelerates your growth since capital is protected and you are not writing off losses each time the trade swings a little against you...
and look now you would have been almost back to profit.....
if you keep writing off losses and keep chasing them losses then the capital will only erode
take emotions off...trade small sizes and with patience......most important to protect your emotional capital that no one talks about
trading is 10% preparation and 90% perspiration.....all these fancy charts, graphs and indicators not needed....they just give you some reason to get in to a trade...after that it is you who need to manage the trade....
- #660,226
- Jun 20, 2012 3:07pm Jun 20, 2012 3:07pm
i follow the people .and cut at 1.2665 ($ 40 loss)
But I was ri8 .. now look guys currency is moving up
You are gambling, not trading.
Trade what you see..
Freaking cockroaches...scary insects...i've lived with them in Sydney...my worst nightmare haha
And yes they are like immortals
- #660,228
- Jun 20, 2012 3:09pm Jun 20, 2012 3:09pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
i follow the people .and cut at 1.2665 ($ 40 loss)
But I was ri8 .. now look guys currency is moving up
Your analysis should be based on your own chart and not what people here in FF say.
You know that 95% of them were short (and 95% of retailers are wrong)...see
COT: The precious data ignored
- #660,230
- Jun 20, 2012 3:11pm Jun 20, 2012 3:11pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Even worse if they have wings LOL. One minute the cockroach is at 2650 then you leave your station for a quick cup of coffee and its 2705 before you know it.
COT: The precious data ignored
- #660,231
- Edited 3:19pm Jun 20, 2012 3:12pm | Edited 3:19pm
- | Joined Jan 2009 | Status: Don't Tread On Me | 2,059 Posts
- #660,232
- Jun 20, 2012 3:14pm Jun 20, 2012 3:14pm
well thats not true....look at bigger picture and higher t/f
currencies trade in a large range
so keep your positions small - yeah ironically this accelerates your growth since capital is protected and you are not writing off losses each time the trade swings a little against you...
and look now you would have been almost back to profit.....
if you keep writing off losses and keep chasing them losses then the capital will only erode
take emotions off...trade small sizes and with patience......most important to protect your emotional capital...
trading is 10% preparation and 90% perspiration
100 % agree with it
- #660,233
- Jun 20, 2012 3:14pm Jun 20, 2012 3:14pm
it is the forex . all indicators. analysis , PP , waves etc. go wrong
becoz big traders know very well . what is in mind of c class traders
I'm sure you'll benefit from the documents on this thread immensely:
http://www.forexfactory.com/showthread.php?t=246111
Trade what you see..
- #660,234
- Jun 20, 2012 3:15pm Jun 20, 2012 3:15pm
my dream to earn just 10 pips daily . where 1 pip value is 10 $ *10=$100 daily
do one thing ...stop trading and read Trading in the Zone and also Reminiscences of a stock operator with complete focus
also watch this series on youtube
Inserted Video
dont ever look at trading as something that will provide daily fixed income (howsoever small)
you dont need most of the mumbo jumbo to be able to trade profitably.....you just need control over yourself....and without no system can save you
please work on your mind, psychology and thought processs....else it may be too late....
lastly stay off message boards as much as possible till you are convinced with your ability to separate good quality from the noise....
- #660,236
- Jun 20, 2012 3:17pm Jun 20, 2012 3:17pm
Are you sure you have read the document "carefully" that I send to you?
You are gambling, not trading.
i want to be millionaire as others news comers in a week .
but i also have confident about it that i can easily recover even in a day all my loss
i am reading
the bookcurrency is saying something . 1.2698 to 1.2702 . i think it must will go down now. bit more