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  • #674,641
  • Aug 2, 2012 11:07am Aug 2, 2012 11:07am
tomorrow 1:30pm?
  • #674,642
  • Aug 2, 2012 11:08am Aug 2, 2012 11:08am
Quoting MaxDoom
doesn't matter when it is then
good point
  • #674,643
  • Aug 2, 2012 11:08am Aug 2, 2012 11:08am
I open buy at 1.2146 and close target is 1.2300
  • #674,644
  • Aug 2, 2012 11:09am Aug 2, 2012 11:09am
Quoting stevexyg
I don't follow news when is NFP - today?
No, it was last month
New voice message: Why are you calling me? If I need you, I'll call you!
  • #674,645
  • Aug 2, 2012 11:10am Aug 2, 2012 11:10am
Quoting sdcasper
i was 95% incorrect in my trades
That's impossible isn't it? Are your stops are too tight?
  • #674,646
  • Aug 2, 2012 11:11am Aug 2, 2012 11:11am
Quoting KillerWhale
No, it was last month
I might not follow the news but I do know non farm payroll is published monthly.
  • #674,647
  • Aug 2, 2012 11:13am Aug 2, 2012 11:13am
Quoting stevexyg
I might not follow the news but I do know non farm payroll is published monthly.
NFP might as well be named "Revert to the Mean"
  • #674,648
  • Aug 2, 2012 11:14am Aug 2, 2012 11:14am
Quoting stevexyg
That's impossible isn't it? Are your stops are too tight?

it's possible if ....

you go long - price goes short so you reverse... price goes long so you reverse and so on in every consolidation zone -

then you miss the breakout...

so you get in where you think it is only just beginning to find that is the end and it retraces, so you reverse, and so does the price

now you are lying to your partner and saying how great you are at trading... you drink more and become grumpy - you get divorced and blame it on the pressure of being a successful trader

your broker starts sending you christmas cards

edit: then you think flipping a coin will work better
  • #674,649
  • Aug 2, 2012 11:17am Aug 2, 2012 11:17am
Quoting stevexyg
That's impossible isn't it? Are your stops are too tight?
sometimes 15 pip stop loss, sometimes dynamic, sometimes greater. if i take last week i have 30 losses and 10 wins. but 6 of the 10 wins were under 1.00 profit. trading with 10k lots. maybe i need to take the 8 or 9 pips and not let the trade run me back to BE and play for more base hits then home runs.
  • #674,650
  • Aug 2, 2012 11:18am Aug 2, 2012 11:18am
Quoting MaxDoom
a dip to test 211x would be nice

I don't think 1.211x is coiming for a while, time to try a long...
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  • #674,651
  • Aug 2, 2012 11:19am Aug 2, 2012 11:19am
edit: then you think flipping a coin will work better [/quote]

i take offense to you assuming that my broker sends me christmas cards. that never happened.
  • #674,652
  • Aug 2, 2012 11:22am Aug 2, 2012 11:22am
Quoting sdcasper
edit: then you think flipping a coin will work better
i take offense to you assuming that my broker sends me christmas cards. that never happened.[/quote]


  • #674,653
  • Aug 2, 2012 11:22am Aug 2, 2012 11:22am
Quoting MaxDoom
it's possible if ....

you go long - price goes short so you reverse... price goes long so you reverse and so on in every consolidation zone -

then you miss the breakout...

so you get in where you think it is only just beginning to find that is the end and it retraces, so you reverse, and so does the price

now you are lying to your partner and saying how great you are at trading... you drink more and become grumpy - you get divorced and blame it on the pressure of being a successful trader

your broker starts sending you...
Priceless. So true.
Time turns trend. - W.D. Gann
  • #674,654
  • Aug 2, 2012 11:26am Aug 2, 2012 11:26am
Can AnyBody Tell Whats Next Stuck in A Long position......
  • #674,655
  • Aug 2, 2012 11:26am Aug 2, 2012 11:26am
Quoting MaxDoom
it's possible if ....


edit: then you think flipping a coin will work better
Sounds like a combination of too tight stops plus insufficient consideration of longer Tf's but that's a complete guess. To me it sounds like you need to step away from the charts for a few days or even a week. While you are away get some intense exercise under your belt and while you are doing that start thinking about your trading. You should gain some insight into where you can improve.


EDIT - Got confused - that's for sdscalper!
  • #674,656
  • Aug 2, 2012 11:27am Aug 2, 2012 11:27am
Quoting sdcasper
sometimes 15 pip stop loss, sometimes dynamic, sometimes greater. if i take last week i have 30 losses and 10 wins. but 6 of the 10 wins were under 1.00 profit. trading with 10k lots. maybe i need to take the 8 or 9 pips and not let the trade run me back to BE and play for more base hits then home runs.
1. a 15 pip stop is straight up retarded. You would have to have a time machine and be able go into the future to see EXACTLY where price turned from not to get stopped out a lot more often than not. Extremely small SL's don't protect your account, they chip it away in little bits over and over.

2. My guess would be you do what most noobs do, see a long spike and get in long then it reverses hard, then you get in short after it's too late and you are taken out in that direction. And proably add to that cycle by getting in every time price make a spike in any direction, at which point it's too late. AKA jumping at every tick. Don't chase price let it come to you. If you want to short, wait for price to go long and hit resistance above. Look at the larger time frames 4H up, decide what is the larger trend/stronger direction and wait for a rectrace to support/resistance...at the very least.

P.S. the worst thing that can happen to a noob trader when they are chasing price is for them to get a few lucky days in a row where it works out, then they think they know what they are doing, get a real accoun, leverage up, and proceed to tank the account.
  • #674,657
  • Aug 2, 2012 11:34am Aug 2, 2012 11:34am
Quoting MaxDoom
I don't think 1.211x is coiming for a while, time to try a long...

well really that's a pain.

done for day now

good trades all
  • #674,658
  • Aug 2, 2012 11:34am Aug 2, 2012 11:34am
Quoting KumoDragon
1. a 15 pip stop is straight up retarded.
I'd completely disagree with that as it depends on how you trade. If you are getting it right 80% of the time and price never goes more than 8pips against you on the right trades then a 15pip stop is probablly too big. So it depends.
  • #674,659
  • Aug 2, 2012 11:39am Aug 2, 2012 11:39am
hi!

I am so happy that I skipped today. Still holdings my shorts and I will sell again if I can. Primary target 1.15, secondary is around 1.1.

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"Study the past if you would define the future." Confucius
  • #674,660
  • Aug 2, 2012 11:39am Aug 2, 2012 11:39am
[quote=KumoDragon;5898203]1. a 15 pip stop is straight up retarded.

all the feedback is very true. except i don't chase price. typically i look at support/resistance, patterns, breakouts etc. in retro-spect, when analyzing charts i see it so clearly. in live trading or demo for that matter it seems to take another path.

sound mind and body, some rest, and some refresher courses may be in order. i still like my coin flip idea. i'll have a 12 pack and decide if it's truley what i want to do.

by the way, i did get divorced, but that was bc my wife got fat and thought it was cute.
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