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  • #721,721
  • Nov 25, 2012 10:49am Nov 25, 2012 10:49am
Quoting tashkent
if, if, if...
what if not?
maybe better first you kill half of your losing position, and risk with the remaining? how does that sound?
not good, because what you dont understand is :
that some traders have their own style
have their own strategy
and their own trading plan

If you are scared from -200pips another trader might not feel the same.
And if you are satisfied with +200pips another trader might feel this is not enough.

So let the people trade the way they know.

At the end this trade is not closed yet! When is closed I will look it myself what went wrong or right and I will keep the knowledge.
  • #721,722
  • Nov 25, 2012 11:01am Nov 25, 2012 11:01am
Quoting trader_fx1
not good, because what you dont understand is :
that some traders have their own style
have their own strategy
and their own trading plan

If you are scared from -200pips another trader might not feel the same.
And if you are satisfied with +200pips another trader might feel this is not enough.

So let the people trade the way they know.

At the end this trade is not closed yet! When is closed I will look it myself what went wrong or right and I will keep the knowledge.
I agree in a way but usually an exposure of -200pips means your entry got invalidated, by a bunch. Wouldn't it be best to close out trades asap that violated your entry area? If one is holding a trade like that it will result in "hoping" that price "might" turn at the next area, or the next, or the next etc.
  • #721,723
  • Nov 25, 2012 11:09am Nov 25, 2012 11:09am
Quoting trader_fx1
not good, because what you dont understand is :
that some traders have their own style
have their own strategy
and their own trading plan

If you are scared from -200pips another trader might not feel the same.
And if you are satisfied with +200pips another trader might feel this is not enough.

So let the people trade the way they know.

At the end this trade is not closed yet! When is closed I will look it myself what went wrong or right and I will keep the knowledge.
Wish you luck man. Hope it works out.
  • #721,724
  • Nov 25, 2012 11:11am Nov 25, 2012 11:11am
Quoting trader_fx1
not good, because what you dont understand is :
that some traders have their own style
have their own strategy
and their own trading plan

If you are scared from -200pips another trader might not feel the same.
And if you are satisfied with +200pips another trader might feel this is not enough.

So let the people trade the way they know.

At the end this trade is not closed yet! When is closed I will look it myself what went wrong or right and I will keep the knowledge.
Everybody learn their own mistakes, and find their solutions. This forum only add a little perspective to me how to put my trades, in the end it only depends on our decision whether we use it or not. Let everybody decide themselves. Anyway, your money is yours and their money theirs. Its simple.
If i could give a suggestion, try scalping (if you have sufficient equity), we could find profit either from bear or bull.
  • #721,725
  • Nov 25, 2012 11:18am Nov 25, 2012 11:18am
Quoting Robertk
I agree in a way but usually an exposure of -200pips means your entry got invalidated, by a bunch. Wouldn't it be best to close out trades asap that violated your entry area? If one is holding a trade like that it will result in "hoping" that price "might" turn at the next area, or the next, or the next etc.
maybe in your way but for me lower than 1.28 was the place to sell.
LL is sell signal for a trend trader.
Bearish scenario is canceled only above 1.32.
you might have 100 indicators telling you is bullish, and I agree on that, but you dont have any confirmation without a HH.

even if hypotheticaly closed my trades, i would just looking to sell again
  • #721,726
  • Nov 25, 2012 11:20am Nov 25, 2012 11:20am
Quoting Celente
Killerwhale stop bashing on everyone . You did it yesterday and now you are doing it today. You are not better than everyone else fool. If you are so good at trading, you wouldn t be here
I see I'm making lots of friends here.

That's the bad side of trading, warning people for their own best interest and than get bashed for it.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #721,727
  • Nov 25, 2012 11:24am Nov 25, 2012 11:24am
Quoting KillerWhale
I see I'm making lots of friends here.

That's the bad side of trading, warning people for their own best interest and than get bashed for it.
if you are refering to me
please keep in mind I dont need help from puppets like yourself
Thank you
  • #721,728
  • Nov 25, 2012 11:27am Nov 25, 2012 11:27am
Quoting KillerWhale
I see I'm making lots of friends here.

That's the bad side of trading, warning people for their own best interest and than get bashed for it.
You are not warning anyone. You just bash on them. Stop bragging about how well you do :

Quoting KillerWhale
Not everybody is that stupid.
Is this what you call helping others ??
I will become the World's best at my own style
  • #721,729
  • Nov 25, 2012 11:30am Nov 25, 2012 11:30am
I find these little tools quite useful as a beginner.

http://www.earnforex.com/position-size-calculator
  • #721,730
  • Nov 25, 2012 11:32am Nov 25, 2012 11:32am
Quoting Celente
You are not warning anyone. You just bash on them. Stop bragging about how well you do :



Is this what you call helping others ??
Some people in forex can't be helped, or maybe..............
most people in forex can't be helped

Why is there a loosing factor of at least 65 - 70 %?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #721,731
  • Nov 25, 2012 11:34am Nov 25, 2012 11:34am
Waiting EURUSD go to over 1.31 this week. Very strong movement.
  • #721,732
  • Nov 25, 2012 11:35am Nov 25, 2012 11:35am
Quoting KillerWhale
Some people in forex can't be helped, or maybe..............
most people in forex can't be helped

Why is there a loosing factor of at least 65 - 70 %?
its not a reason to bash on them. And by the way, everyone can learn. Sometime it takes more time for an individual than an other. When someone struggle to do something, the worst thing you can do is to insult them.
I will become the World's best at my own style
  • #721,733
  • Nov 25, 2012 11:45am Nov 25, 2012 11:45am
Quoting Celente
its not a reason to bash on them. And by the way, everyone can learn. Sometime it takes more time for an individual than an other. When someone struggle to do something, the worst thing you can do is to insult them.
I think while KillerWhale might have been a little harsh in his wording, he only means the best. Clearly the drawdown was not intentional or planned out and praying that price reverses soon is foolhardy at best in terms of money management. Now I don't want this to be a case of the blind leading the blind, so I will tell you straight up that I'm not a profitable trader yet - but I do know one thing, and that is failing to plan is planning to fail. The market doesn't care which God you pray to or which direction you hope it goes, it's going to do what it's going to do. The best we as traders can manage to do is pick out likely areas for price to react to and take a calculated risk at getting a decent return on that risk. He should cut his losses while he has any capital left at all to invest; at this point, price is almost guaranteed to rise another 30 pips before it reaches the next significant level of resistance. The only thing I could see interrupting this would be a major news event.
  • #721,734
  • Nov 25, 2012 11:47am Nov 25, 2012 11:47am
Can we all just get along ????? afterall, all of us here are at the same side.
  • #721,735
  • Nov 25, 2012 11:49am Nov 25, 2012 11:49am
a usual sunday drama... never fails.
  • #721,736
  • Nov 25, 2012 11:50am Nov 25, 2012 11:50am
Quoting pkimnyc
a usual sunday drama... never fails.
There has to be something to fill the void while we wait for markets to open.

Just to add something a little more directly on-topic, I'll be holding short at 1.30162, with my trade being invalidated at 1.30283. Strong resistance plus the 76.4% swing fib confluence and strong rejection last time give me reasonable confidence in at least a countertrend scalp. We'll have to just see what happens I guess.

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  • #721,737
  • Nov 25, 2012 11:52am Nov 25, 2012 11:52am
Quoting pkimnyc
a usual sunday drama... never fails.
is it always like this???
  • #721,738
  • Nov 25, 2012 12:01pm Nov 25, 2012 12:01pm
Quoting Kanzler
There has to be something to fill the void while we wait for markets to open.

Just to add something a little more directly on-topic, I'll be holding short at 1.30162, with my trade being invalidated at 1.30283. Strong resistance plus the 76.4% swing fib confluence and strong rejection last time give me reasonable confidence in at least a countertrend scalp. We'll have to just see what happens I guess.

Attachment
Weekly IMO, is bullish.
Weekly candle is also bullish with momentum on 4hr, daily all to the north.

There's nothing that confirms or suggest bearishness in the market yet, except 4 hr is a bit os.

Who knows market may turn after Greece news. Until then, it's a pure gamble especially for bears. Just a thought.
  • #721,739
  • Nov 25, 2012 12:06pm Nov 25, 2012 12:06pm
Quoting pkimnyc
Weekly IMO, is bullish.
Last weeks weekly candle is also bullish with momentum on 4hr, daily all to the north.

There's nothing that confirms or suggest bearishness in the market yet, except 4 hr is a bit os.

Who knows market may turn after Greece news. Until then, it's a pure gamble especially for bears. Just a thought.
I have a feeling you're right and that the short term trend will continue. However, I speculate that with the previously mentioned factors we may see a good bit of struggle before price manages to thin the order block out, barring any major influences driving a sudden surge of demand. Hoping to at least get 2:1 out of my 12 pips risk on this, and will be running a trailing limit behind if it does bounce. I think the major showdown is going to happen at our double top / major fib confluence zone, which I'm sure the market makers are just salivating to get at.
  • #721,740
  • Nov 25, 2012 12:12pm Nov 25, 2012 12:12pm
Quoting Kanzler
I have a feeling you're right and that the short term trend will continue. However, I speculate that with the previously mentioned factors we may see a good bit of struggle before price manages to thin the order block out, barring any major influences driving a sudden surge of demand. Hoping to at least get 2:1 out of my 12 pips risk on this, and will be running a trailing limit behind if it does bounce. I think the major showdown is going to happen at our double top / major fib confluence zone, which I'm sure the market makers are just salivating...
I'm glad you brought it up. I like to see it instead of guessing. In other words, let the market tell me if the price is being rejected.
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