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Aussie Trading Room and Cartoons Gallery

  • #7,561
  • Aug 23, 2012 3:54am Aug 23, 2012 3:54am
Quoting Daytrader74
I have 3 simple rules this time -

1. Never have more than 3 open trades at the same time.

2. Never add to a losing position.

3. Never risk more than 2% of my account on any one single trade.

Welcome back Sir Daytrader74!

For me personally, if I'm losing a trade and underwater, and not willing to stop loss and close the trade negatively, I normally hedge with the opposite direction, that way my equity is locked and gives me time to regain my mental after losing. Well this has helped me most of the time since human stubbornness always gets to me and cloud my judgements.

Hope the very best and luck in your reborn account!
  • #7,562
  • Aug 23, 2012 3:56am Aug 23, 2012 3:56am
Quoting irfandbl
The dark knight rises

Attachment

p.s. this is not an indicator at all
Where's Robin???

LOL! nice drawing Irfan! finding art in the midst of all this chaotic candles
  • #7,563
  • Aug 23, 2012 3:57am Aug 23, 2012 3:57am
testing... new member. i am more swing trader. risk up to 10% per trade and last 30 trades about 80% win rate. Growing my bet size rapidly and so far no setback. Around 10 - 15 trades per year. I have new system that I will deploy with 5% bet size and should add extra 20 trades per year. Hope to keep 70% win rate.

Win defined as price comes to +1 risk before to -1 risk.
Loss defined as price comes to -1 risk before to +1 risk.

AUD is one of my favourites.
  • #7,564
  • Aug 23, 2012 4:08am Aug 23, 2012 4:08am
Quoting irfandbl
The dark knight rises

Attachment

p.s. this is not an indicator at all
Dead Cat Bounce (http://en.wikipedia.org/wiki/Dead_cat_bounce) ?

Attached Image (click to enlarge)
Click to Enlarge Name: deadcat.gif Size: 34 KB


p.s. this one isn't either.
  • #7,565
  • Aug 23, 2012 4:09am Aug 23, 2012 4:09am
Quoting edzalexander
Where's Robin???

LOL! nice drawing Irfan! finding art in the midst of all this chaotic candles
Robin's here with his scuba equipments underwater on the E/U ocean

How's your trade Ed?
  • #7,566
  • Aug 23, 2012 4:14am Aug 23, 2012 4:14am
Quoting doblece
Dead Cat Bounce (http://en.wikipedia.org/wiki/Dead_cat_bounce) ?

Attachment

p.s. this one isn't either.
neither is this one

Attached Image (click to enlarge)
Click to Enlarge Name: batman.gif Size: 25 KB
  • #7,567
  • Aug 23, 2012 4:19am Aug 23, 2012 4:19am
Ok my friends, i just bought at 1.0496, targeting 1.0610, looking for another bull move soon!
  • #7,568
  • Aug 23, 2012 4:20am Aug 23, 2012 4:20am
btw I am AUD bull

no position at present.
  • #7,569
  • Aug 23, 2012 4:48am Aug 23, 2012 4:48am
Quoting supertubes
You will like this I watch it at least once a week to remind me
http://video.google.com/videoplay?docid=6974477267078611049
Oh thank you, I love this very much, I put the link on my desktop so I can watch every morning before I start trading!
  • #7,570
  • Aug 23, 2012 4:56am Aug 23, 2012 4:56am
Quoting edzalexander
Welcome back Sir Daytrader74!

For me personally, if I'm losing a trade and underwater, and not willing to stop loss and close the trade negatively, I normally hedge with the opposite direction, that way my equity is locked and gives me time to regain my mental after losing. Well this has helped me most of the time since human stubbornness always gets to me and cloud my judgements.

Hope the very best and luck in your reborn account!
Thank you, I'm going to follow my 3 simple rules this time and that should make a difference!!
  • #7,571
  • Aug 23, 2012 5:19am Aug 23, 2012 5:19am
This is my short for AU, Which swap rate , Is it very high, I short in yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: price02.gif Size: 30 KB
  • #7,572
  • Aug 23, 2012 5:29am Aug 23, 2012 5:29am
Quoting bouble
This is my short for AU, Which swap rate , Is it very high, I short in yesterday.
Triple Wednesday I see.

I'm hurting too on this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: bob.jpg Size: 105 KB
  • #7,573
  • Aug 23, 2012 5:30am Aug 23, 2012 5:30am
Quoting Iro
Triple Wednesday I see.

I'm hurting too on this trade.
It's normal?
  • #7,574
  • Aug 23, 2012 5:32am Aug 23, 2012 5:32am
Quoting Iro
Triple Wednesday I see.

I'm hurting too on this trade.
Don't worry there are good chances that it will find resistance pretty soon, right now is squeezing but it may not last for long
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 19 KB
  • #7,575
  • Aug 23, 2012 5:32am Aug 23, 2012 5:32am
Quoting bouble
It's normal?
Close it.... already
  • #7,576
  • Aug 23, 2012 5:36am Aug 23, 2012 5:36am
It might not be too much per trade per day, but if you sum it up, over months or a year, you will see those little piranhas biting chunks out of your account. Interest!!! AUD & NZD, pain to short, EUR & CAD not my favourite either.

Quoting bouble
This is my short for AU, Which swap rate , Is it very high, I short in yesterday.
forget about tomorrow, just steal away into the night
  • #7,577
  • Aug 23, 2012 5:38am Aug 23, 2012 5:38am
Quoting tunera
Don't worry there are good chances that it will find resistance pretty soon, right now is squeezing but it may not last for long
Ya that's what I'm hoping. Its also touching the 50sma and the 23.6 fib on the daily.
  • #7,578
  • Aug 23, 2012 5:44am Aug 23, 2012 5:44am
Quoting spekitox
It might not be too much per trade per day, but if you sum it up, over months or a year, you will see those little piranhas biting chunks out of your account. Interest!!! AUD & NZD, pain to short, EUR & CAD not my favourite either.
I don't know about it before.
  • #7,579
  • Aug 23, 2012 5:45am Aug 23, 2012 5:45am
If this holds, we are forming a nice bottom on the 6h
  • #7,580
  • Aug 23, 2012 5:50am Aug 23, 2012 5:50am
I've seen a demo account on fxbook with an audusd sell from 1.10 last year and its actually MINUS a few K even with the price we have now.

The swap is that bad for shorts.
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