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  • #13,461
  • Nov 14, 2012 7:59pm Nov 14, 2012 7:59pm
Quoting HelloOz
whats PA?
Price Action.
daddybearforex. com
  • #13,462
  • Nov 14, 2012 8:00pm Nov 14, 2012 8:00pm
Quoting DaddyBear
If you are scared or not greedy, take your profits and run. Nobody gets poorer because taking profits too soon. However, letting your winning trades run is the way to go.
TP'ed
will see if it break 23.6fib or reverse down before making next move..
  • #13,463
  • Nov 14, 2012 8:01pm Nov 14, 2012 8:01pm
Quoting HelloOz
TP'ed
will see if it break 23.6fib or reverse down before making next move..
im going to work now.. talk to you guys later..
  • #13,464
  • Nov 14, 2012 8:02pm Nov 14, 2012 8:02pm
Quoting DaddyBear
This is something beyond my understanding. If you knew it was going that way, why would you have to wait until a higher level to go long?
Haha - well, I hope so, because that would confirm a bullish move coming - I said 'hope' because hitting stops would allow me to go long - i can't go long now for obvious reasons^^
  • #13,465
  • Nov 14, 2012 8:03pm Nov 14, 2012 8:03pm
Quoting DaddyBear
Price Action.
A lot of people are taking about MM very often. But, I have never heard anyone discusses EM - Emotion management. Having plenty of trading knowledge without knowing EM will not make a great trader.
daddybearforex. com
  • #13,466
  • Nov 14, 2012 8:05pm Nov 14, 2012 8:05pm
Quoting DaddyBear
I still have to learn EM to make more pips. This morning I closed my short early because the entry was not that good. Sometimes better safe than sorry.

Base don tonight's PA, I checked my H4 and revised the end of the wave. Before reaching that level, I will be unload and reload my positions a few times.
Are you using some EW count or something to get your waves?

Yes I was too early on my shorts, almost bailed, but glad I kept it. Too bad you closed to early too, but indeed better safe than sorry. I actually know, afterwards, that if I would have been totally focused I shouldn't have gotten in too early. It wasn't even around my level. I have EM (emotional managment, right?) problems myself, afraid I am late to the party, what results in to be too early.
This audusd Long I didn't put in too early, that was a pending and those are set by plan. It wasn't the bottom, but that's the price you pay.
  • #13,467
  • Nov 14, 2012 8:06pm Nov 14, 2012 8:06pm
Quoting HelloOz
TP'ed
will see if it break 23.6fib or reverse down before making next move..
Wasn't your TP 0374? I only got 0370.7
Enjoy your workday!
  • #13,468
  • Nov 14, 2012 8:08pm Nov 14, 2012 8:08pm
Quoting DaddyBear
A lot of people are taking about MM very often. But, I have never heard anyone discusses EM - Emotion management. Having plenty of trading knowledge without knowing EM will not make a great trader.
I wonder if one had perfect EM would flipping a coin random trades play out with good MM
  • #13,469
  • Nov 14, 2012 8:09pm Nov 14, 2012 8:09pm
Quoting Stretch
Are you using some EW count or something to get your waves?

Yes I was too early on my shorts, almost bailed, but glad I kept it. Too bad you closed to early too, but indeed better safe than sorry. I actually know, afterwards, that if I would have been totally focused I shouldn't have gotten in too early. It wasn't even around my level. I have EM (emotional managment, right?) problems myself, afraid I am late to the party, what results in to be too early.
This audusd Long I didn't put in too early, that was a pending and those are set by plan....
I merge EWP an ADX in my system to get better judgements.

http://www.forexfactory.com/attachme...1&d=1350800426
daddybearforex. com
  • #13,470
  • Nov 14, 2012 8:10pm Nov 14, 2012 8:10pm
I'm going to close my short at 1.0358 and then set up buy orders above 1.0374 and sell orders below 1.0350

There is a bit of uncertainty at this point, I think - a bullish move is possible, so is a bearish one.
  • #13,471
  • Nov 14, 2012 8:10pm Nov 14, 2012 8:10pm
Quoting Stretch
Wasn't your TP 0374? I only got 0370.7
Enjoy your workday!
i know..
im 4 pips away..
  • #13,472
  • Nov 14, 2012 8:12pm Nov 14, 2012 8:12pm
Quoting Kissa
I wonder if one had perfect EM would flipping a coin random trades play out with good MM
Why gamble if you can get some aid of Technical Analysis and Fundamental understanding? Because if you are an expert at EM and MM you could go far as a trader.
  • #13,473
  • Nov 14, 2012 8:12pm Nov 14, 2012 8:12pm
Quoting Kissa
I wonder if one had perfect EM would flipping a coin random trades play out with good MM
Nobody can have perfect EM but just tries to awake one's hidden potential in the DNA.
daddybearforex. com
  • #13,474
  • Nov 14, 2012 8:14pm Nov 14, 2012 8:14pm
Quoting HelloOz
i know..
im 4 pips away..
Well you did read PA well to close if you were gonna go anyway, good job. Just thought you said it hit target. so srry for the question.
  • #13,475
  • Nov 14, 2012 8:16pm Nov 14, 2012 8:16pm
Quoting DaddyBear
I merge EWP an ADX in my system to get better judgements.
Thx! And where does the X stand for? Average Daily X...?
  • #13,476
  • Nov 14, 2012 8:17pm Nov 14, 2012 8:17pm
Quoting maximmm
I'm going to close my short at 1.0358 and then set up buy orders above 1.0374 and sell orders below 1.0350

There is a bit of uncertainty at this point, I think - a bullish move is possible, so is a bearish one.
If you are not sure which way it will go, may be you should wait until it is clear to you. When I hit the same situation, I try not to trade. Knowing when not to trade is more important than knowing when to trade. Just my 2 cents.
daddybearforex. com
  • #13,477
  • Nov 14, 2012 8:18pm Nov 14, 2012 8:18pm
Quoting Stretch
Thx! And where does the X stand for? Average Daily X...?
I believe it stands for Index.
daddybearforex. com
  • #13,478
  • Nov 14, 2012 8:18pm Nov 14, 2012 8:18pm
yep, that was more of a random thought, I am far from even good MM but working on it.

Should be deep asleep here in Euro land but the EURAUD alarm went of so took a peek at the AUDUSD now i need to watch that for and hour and load up, no trading tomorrow as will be tired but that is part of EM i recon.
  • #13,479
  • Nov 14, 2012 8:19pm Nov 14, 2012 8:19pm
Quoting DaddyBear
If you are not sure which way it will go, may be you should wait until it is clear to you. When I hit the same situation, I try not to trade. Knowing when not to trade is more important than knowing when to trade. Just my 2 cents.
Great advice!
I feel the same way, though it ain't easy. Got to sit on my hands quite a lot not to satisfy my itchy fingers.
  • #13,480
  • Nov 14, 2012 8:21pm Nov 14, 2012 8:21pm
Quoting DaddyBear
If you are not sure which way it will go, may be you should wait until it is clear to you. When I hit the same situation, I try not to trade. Knowing when not to trade is more important than knowing when to trade. Just my 2 cents.
Thanks - hence the orders. A hit of one of those targets will create certainty^^

Ah, never mind, stops hit^^
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