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Eiman's Trading Journey

  • #221
  • Oct 13, 2012 8:34am Oct 13, 2012 8:34am
Quoting FFStudent
Salam Eiman, just want to ask you,

which thread was the best for you?
do you think there is ultimate successful system?if yes ,which one?


thank you in advance
wishing you fruitful journey with forex
Salam,
Systems are not successful by themselves. It's you who should successfully use a system.

There are two threads that have changed my mind in trading and somehow in life:
1. Technical Analysis Fallacy by FTI
2. Building an equity millipede by pipEASY

After reading these two threads you might wanna have a look at dongsky's journal. It was a real eye opener for me.
  • #222
  • Oct 13, 2012 8:41am Oct 13, 2012 8:41am
Quoting Eiman
Salam,
Systems are not successful by themselves. It's you who should successfully use a system.

There are two threads that have changed my mind in trading and somehow in life:
1. Technical Analysis Fallacy by FTI
2. Building an equity millipede by pipEASY

After reading these two threads you might wanna have a look at dongsky's journal. It was a real eye opener for me.
Thanks you for your reply and its great help
am already started reading TAF , its so interesting informative thread
but sometimes i need to read an article more than once

thanks again
Learning is a Journey Not a Destination
  • #223
  • Oct 17, 2012 12:20am Oct 17, 2012 12:20am
scaling down... keeping only 2 positions
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  • #224
  • Oct 17, 2012 7:55am Oct 17, 2012 7:55am
Going for the downside now ...
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  • #225
  • Oct 28, 2012 12:33am Oct 28, 2012 12:33am
bad week last week
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  • #226
  • Oct 31, 2012 6:38am Oct 31, 2012 6:38am
I should have added somewhere in the encircled area, I didn't because of fear
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  • #227
  • Nov 1, 2012 3:01am Nov 1, 2012 3:01am
5 more positions added

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  • #228
  • Nov 4, 2012 1:15am Nov 4, 2012 1:15am
I'm in DEEP DEEP SHIT ...
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I had the opportunity to take some profit on A and B but didn't because I was anticipating a move to the red line. I should have unloaded some of the troops on A or B and should have loaded them back on better grounds.
I've used all my soldiers and there is no more left for rescue missions. So my plan is to take out about half of the positions on the upcoming retracement (which I anticipate it to be somewhere around the orange rectangle) and add them back on better grounds.
  • #229
  • Nov 4, 2012 2:01am Nov 4, 2012 2:01am
Quoting Eiman
I'm in DEEP DEEP SHIT ...
Attachment

I had the opportunity to take some profit on A and B but didn't because I was anticipating a move to the red line. I should have unloaded some of the troops on A or B and should have loaded them back on better grounds.
I've used all my soldiers and there is no more left for rescue missions. So my plan is to take out about half of the positions on the upcoming retracement (which I anticipate it to be somewhere around the orange rectangle) and add them back on better grounds.
i wont post analysis here to scare you, but before anything i want to share with you some trading ethics and behaviors of what most retail traders commit. and perhaps if you ever got the chance to close this, take a break and stop trading and analyze your risk management, and emotions management while you are on draw down.

you might want to take note of " collapsed trading " mistakes.
the post is too long, u can download a copy of topic on stop loss here, hope it can give you some thing.
Attached File(s)
File Type: pdf Understanding Stop Loss in Forex Trading with the Doctor.pdf   197 KB | 418 downloads
  • #230
  • Nov 4, 2012 2:20am Nov 4, 2012 2:20am
Quoting 5percent
i wont post analysis here to scare you, but before anything i want to share with you some trading ethics and behaviors of what most retail traders commit. and perhaps if you ever got the chance to close this, take a break and stop trading and analyze your risk management, and emotions management while you are on draw down.

the post is too long, u can download a copy of topic on stop loss here, hope it can give you some thing.
Hi 5percent,
I don't use stoploss on my positions but I do have a mental stoploss. I trade according to my plan, If it doesn't work out I get out. The risk on the last trade is too much. I agree with you absolutely and I'm planning on lowering my exposure as mentioned.
Thanks very much for your concern
  • #231
  • Nov 4, 2012 3:34pm Nov 4, 2012 3:34pm
Quoting Eiman
I'm in DEEP DEEP SHIT ...
Attachment

I had the opportunity to take some profit on A and B but didn't because I was anticipating a move to the red line. I should have unloaded some of the troops on A or B and should have loaded them back on better grounds.
I've used all my soldiers and there is no more left for rescue missions. So my plan is to take out about half of the positions on the upcoming retracement (which I anticipate it to be somewhere around the orange rectangle) and add them back on better grounds.
it looks very reckless to me. very bad mindset!
  • #232
  • Nov 5, 2012 12:12am Nov 5, 2012 12:12am
Quoting TrendCatcher
it looks very reckless to me. very bad mindset!
You may be right in your judgement TrendCatcher but you know most of us have bad mind sets and I guess we eventually figure it out with enough encouragement.

All the best to you and Eiman in your journeys.
With wisdom comes humility. With humility comes wisdom!
  • #233
  • Nov 5, 2012 12:43am Nov 5, 2012 12:43am
Quoting TrendCatcher
it looks very reckless to me. very bad mindset!
yeah it looks pretty reckless but it's not because of a bad mindset. My plan didn't go so well. Now I'm waiting for a retracement to lower my exposure.
Thanks for your comment TrendCatcher
  • #234
  • Nov 5, 2012 12:44am Nov 5, 2012 12:44am
Quoting piphop
You may be right in your judgement TrendCatcher but you know most of us have bad mind sets and I guess we eventually figure it out with enough encouragement.

All the best to you and Eiman in your journeys.
Thanks very much
  • #235
  • Nov 15, 2012 5:23am Nov 15, 2012 5:23am
Quoting Eiman
I'm in DEEP DEEP SHIT ...
Attachment

I had the opportunity to take some profit on A and B but didn't because I was anticipating a move to the red line. I should have unloaded some of the troops on A or B and should have loaded them back on better grounds.
I've used all my soldiers and there is no more left for rescue missions. So my plan is to take out about half of the positions on the upcoming retracement (which I anticipate it to be somewhere around the orange rectangle) and add them back on better grounds.
This trade was closed with a loss of %12 of my balance.
  • #236
  • Nov 15, 2012 5:25am Nov 15, 2012 5:25am
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  • #237
  • Jun 4, 2013 11:10pm Jun 4, 2013 11:10pm
hey Eiiman are you ok
just wanted to say salam
i wish its alright with you
Learning is a Journey Not a Destination
  • #238
  • Jun 5, 2013 2:47am Jun 5, 2013 2:47am
Quoting FFStudent
hey Eiiman are you ok just wanted to say salam i wish its alright with you
Hi FFStundent
Thanks for stopping by ... I'm good thanks ... I'm just practicing my dance ... unfortunately I don't have the time to upload them to my forum ... I hope that you are doing well yourself
  • #239
  • Jun 19, 2013 3:07am Jun 19, 2013 3:07am
Every position = Account size

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  • #240
  • Jun 21, 2013 12:46am Jun 21, 2013 12:46am
Update ...
EU bounced from previous weekly open ... a good place to consider rescuing
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