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Trading EURUSD only

  • #18,501
  • Nov 27, 2012 9:35am Nov 27, 2012 9:35am
Quoting Rag2RichesFX
added another 1/2 @ 16
closed 20 +3

daily total 1/2 ns = +28

still have long from 21
Be hopeful in a winning position, and fearful in a losing position.
  • #18,502
  • Nov 27, 2012 9:37am Nov 27, 2012 9:37am
Quoting Rag2RichesFX
long 21 1/2ns
closed 24, +2

daily total 1/2 NS = +30


okay... finally flat again

normally id let the trade go longer but since i was underwater i got out when i could



remember, 2915 is the breakout, the previous high that was broken on Friday last week

GOTTA LOVE 5 pip 1minute candles
Be hopeful in a winning position, and fearful in a losing position.
  • #18,503
  • Nov 27, 2012 9:40am Nov 27, 2012 9:40am
I will wait 1.2930/35 to short again...trendy day = destination 1.2860...

ps: on friday price will close where it oppened, 1.2965, donīt forget!
  • #18,504
  • Nov 27, 2012 9:41am Nov 27, 2012 9:41am
Out +3 on SH @ 27
Trade smaller than rational because the market is irrational...
  • #18,505
  • Nov 27, 2012 9:41am Nov 27, 2012 9:41am
Quoting wbh
account is 1:100 i trade 0.1 lot
10 pips 1% as account grows i will adjust accordingly
how is that 1:100?

10 pips as 10% is 1:10 (or whatever lot size = 10x account balance)
Be hopeful in a winning position, and fearful in a losing position.
  • #18,506
  • Nov 27, 2012 9:42am Nov 27, 2012 9:42am
Today I'm done

this is my ~10% of account

green arrow - taken possitions
yellow - not taken, I was off the screen

Main problem: I am holding my possitions too short...
I don't use SL
Attached Image (click to enlarge)
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  • #18,507
  • Nov 27, 2012 9:42am Nov 27, 2012 9:42am
Quoting Rag2RichesFX
closed 24, +2

daily total 1/2 NS = +30


okay... finally flat again

normally id let the trade go longer but since i was underwater i got out when i could



remember, 2915 is the breakout, the previous high that was broken on Friday last week

GOTTA LOVE 5 pip 1minute candles...
hard task bro!! ufff...oppenning longs today itīs not easy...
  • #18,508
  • Nov 27, 2012 9:43am Nov 27, 2012 9:43am
New Traders:
The student that never learn, whom has sit at the back of the classroom and never join the room.
So you better make some posts & get answers or post your ideas/charts.
  • #18,509
  • Nov 27, 2012 9:45am Nov 27, 2012 9:45am
well done
you should use SL or an exit strategy

Quoting paul-fx
Today I'm done

this is my ~10% of account

green arrow - taken possitions
yellow - not taken, I was off the screen

Main problem: I am holding my possitions too short...
I don't use SL
  • #18,510
  • Nov 27, 2012 9:47am Nov 27, 2012 9:47am
Quoting paul-fx
Today I'm done

this is my ~10% of account

green arrow - taken possitions
yellow - not taken, I was off the screen

Main problem: I am holding my possitions too short...
I don't use SL

yes way too short


no trade is worth it if you cannot make 4-5 pips (plus a 1 pip spread so more like 3-4 pips)

some say not even worth it unless you can make at least 8 pips..



it took you 10 trades to get $20 but if it went 10 pips against you, that would be -$50

so really you only made 4 pips today, exiting when in profit, at the proper spot, is one of the most difficult parts about trading. its even harder than getting a good entry (imo), because of the emotional factor
Be hopeful in a winning position, and fearful in a losing position.
  • #18,511
  • Nov 27, 2012 9:48am Nov 27, 2012 9:48am
Quoting stevewalker
New Traders:
The student that never learn, whom has sit at the back of the classroom and never join the room.
So you better make some posts & get answers or post your ideas/charts.
Even with good indicators risk is off, bearish trend this week im short 1.2925 target 1.2875 (tomorrow of course) sl 1.2955
  • #18,512
  • Nov 27, 2012 9:48am Nov 27, 2012 9:48am
Quoting stevewalker
New Traders:
The student that never learn, whom has sit at the back of the classroom and never join the room.
So you better make some posts & get answers or post your ideas/charts.
Be hopeful in a winning position, and fearful in a losing position.
  • #18,513
  • Nov 27, 2012 9:49am Nov 27, 2012 9:49am
Quoting Farrusco
Even with good indicators risk is off, bearish trend this week im short 1.2925 target 1.2875 (tomorrow of course) sl 1.2955

you have to realize (well not saying you dont), risk is only off until its on

h4 hidden bullish divergence WILL take over soon enough.

it could still fall another 20-30 pips.. but then bulls will attempt another run higher


i think it could see as low as 2875 actually, but going that low without bulls attempting higher, doesn't seem likely
Be hopeful in a winning position, and fearful in a losing position.
  • #18,514
  • Nov 27, 2012 9:50am Nov 27, 2012 9:50am
Quoting paul-fx
Today I'm done

this is my ~10% of account

green arrow - taken possitions
yellow - not taken, I was off the screen

Main problem: I am holding my possitions too short...
I don't use SL
man, your are risking too much, 0.5 is too much, for that reasom, because youīre scared, you close your positions too early...
That short at 14.30h from 1.2965, you have to let it open, was easy, and I tried to pass you confidence on that short, because i was in too...
  • #18,515
  • Nov 27, 2012 9:51am Nov 27, 2012 9:51am
GL

Quoting Farrusco
Even with good indicators risk is off, bearish trend this week im short 1.2925 target 1.2875 (tomorrow of course) sl 1.2955
  • #18,516
  • Nov 27, 2012 9:52am Nov 27, 2012 9:52am
Quoting stevewalker
well done
you should use SL or an exit strategy
hey steve!! what a great day..shorting from 1.3000 and this time holding positions longer...+40 & +30 pips...the "pin bar" forecast theory stiil on top of the table for this week!
  • #18,517
  • Nov 27, 2012 9:53am Nov 27, 2012 9:53am
Quoting xandi
man, your are risking too much, 0.5 is too much, for that reasom, because your scared, you close your positions too early...
That short at 14.30h from 1.2965, you have to let it open, was easy, and I tried to pass you confidence on that short, because i was in too...
yup when risking too much being scared causes close of position early

unless your strategy is tight stop loss like me, but even still, all my 10+ of my trades today = 5x leverage, except for 1, which was 10x.

im risking 0.25-0.5% typically! 1% sometimes, but only when very very confident!
Be hopeful in a winning position, and fearful in a losing position.
  • #18,518
  • Nov 27, 2012 9:55am Nov 27, 2012 9:55am
Quoting stevewalker
well done
you should use SL or an exit strategy
I am trading llike this for ~2 months, and I feel more and more confident, I think I will grow up till I hold my possitions longer.

I have exit strategy but I don't trust it. Maybe need more testing.

I don't use SL because many times it would be hitted, I have another way to manage loss - Hedging. I have succesfully used it earlier, I posted.

Maybe my style and ideas will be useful for someone.

I am still learning... Many guys like steve and other help to improve my experience. Thanks to all!
  • #18,519
  • Nov 27, 2012 9:58am Nov 27, 2012 9:58am
Quoting paul-fx
I am trading llike this for ~2 months, and I feel more and more confident, I think I will grow up till I hold my possitions longer.

I have exit strategy but I don't trust it. Maybe need more testing.

I don't use SL because many times it would be hitted, I have another way to manage loss - Hedging. I have succesfully used it earlier, I posted.

Maybe my style and ideas will be useful for someone.

I am still learning... Many guys like steve and other help to improve my experience. Thanks to all!
Even that, I advice you to trade wit 0.2 lots...you will learn better..look, with 0.5, if you donīt close in time any looser position, you would be in bad shape..think about before it happens
  • #18,520
  • Nov 27, 2012 9:58am Nov 27, 2012 9:58am
Quoting paul-fx
I am trading llike this for ~2 months, and I feel more and more confident, I think I will grow up till I hold my possitions longer.

I have exit strategy but I don't trust it. Maybe need more testing.

I don't use SL because many times it would be hitted, I have another way to manage loss - Hedging. I have succesfully used it earlier, I posted.

Maybe my style and ideas will be useful for someone.

I am still learning... Many guys like steve and other help to improve my experience. Thanks to all!
i sent you a PM on how you can still make huge gains without risking so much
Be hopeful in a winning position, and fearful in a losing position.
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