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  • #19,421
  • Dec 11, 2012 9:21am Dec 11, 2012 9:21am
Quoting DaddyBear
There was nothing wrong. You sold into the strength.
don't know where it will go,so closed it in +2
Sometimes it's better to be wrong,to learn..
  • #19,422
  • Dec 11, 2012 9:26am Dec 11, 2012 9:26am
Quoting 5percent
give ur trade " time ", go and relax.
if i learned that,i would be a good trader now,i just can't give time to my trades,i didn't trade on demo initially,started directly from real money,made continuous losses,now that fear of losing go with me,that fear do not allow me to open trades for long time,i try to close it as soon as possible,and i really don't know how get rid of it
Sometimes it's better to be wrong,to learn..
  • #19,423
  • Dec 11, 2012 9:35am Dec 11, 2012 9:35am
Quoting KiNgEdwarD
if i learned that,i would be a good trader now,i just can't give time to my trades,i didn't trade on demo initially,started directly from real money,made continuous losses,now that fear of losing go with me,that fear do not allow me to open trades for long time,i try to close it as soon as possible,and i really don't know how get rid of it
Hey King,

I suggest you open a demo account. If you have fear in the market you will get slaughtered. IMO

David
Good luck and may the odds be ever in your favor!
  • #19,424
  • Dec 11, 2012 9:37am Dec 11, 2012 9:37am
Quoting KiNgEdwarD
if i learned that,i would be a good trader now,i just can't give time to my trades,i didn't trade on demo initially,started directly from real money,made continuous losses,now that fear of losing go with me,that fear do not allow me to open trades for long time,i try to close it as soon as possible,and i really don't know how get rid of it
Try this one to get rid of fear.

http://www.forexfactory.com/attachme...1&d=1342056484
daddybearforex. com
  • #19,425
  • Dec 11, 2012 9:39am Dec 11, 2012 9:39am
Quoting KiNgEdwarD
if i learned that,i would be a good trader now,i just can't give time to my trades,i didn't trade on demo initially,started directly from real money,made continuous losses,now that fear of losing go with me,that fear do not allow me to open trades for long time,i try to close it as soon as possible,and i really don't know how get rid of it
Then u probably need to study and master a trading system in-dept . then write down the rules of your trading plan in risk and money management.

If you are so confident of your entry, then u enter the market, if not what's the point of jumping in?

try to go down to as low as 0.01, set and forget, until you can give time for your trade, then u increased to 0.1 , to 1 to whatever size u want to trade.

Ur personality might suits to be a scalper if you are impatience, then train on break out catch. For example, 1.2976 - 1.2996 for eur/usd, if u use buy stop, break resistance , break support, then u enter with a good rr and mm. Only trade those then. if u sell 1.0508, its selling at level of resistance for possible swing to down.
  • #19,426
  • Dec 11, 2012 9:42am Dec 11, 2012 9:42am
Quoting DaddyBear
Try this one to get rid of fear.

http://www.forexfactory.com/attachme...1&d=1342056484
thanks
Sometimes it's better to be wrong,to learn..
  • #19,427
  • Dec 11, 2012 9:46am Dec 11, 2012 9:46am
Quoting 5percent
Then u probably need to study and master a trading system in-dept . then write down the rules of your trading plan in risk and money management.

If you are so confident of your entry, then u enter the market, if not what's the point of jumping in?

try to go down to as low as 0.01, set and forget, until you can give time for your trade, then u increased to 0.1 , to 1 to whatever size u want to trade.

Ur personality might suits to be a scalper if you are impatience, then train on break out catch. For example, 1.2976 - 1.2996 for eur/usd, if u use...
thanks for the advice,i have tried demo some months later,where i was good,but coming again to real,the problem comes too
Sometimes it's better to be wrong,to learn..
  • #19,428
  • Dec 11, 2012 9:49am Dec 11, 2012 9:49am
Quoting KiNgEdwarD
thanks for the advice,i have tried demo some months later,where i was good,but coming again to real,the problem comes too
which is why i said 0.01 . 10 cents a pip until u are emotionally detached, its still live. u need to train your " edge " if u can't give time for a trade, u will only hit ur stops more often or not, and not giving time for ur winner trade to run.

ur mistake is to jump into live trading too quickly without foundation. so u pick up too many bad trading ethics an habits, which result in ur fear and management.

" forgive yourself " , bar urself from trading at least 1 month, don't be interested to find out what's going on, go live a life, before u return, and start building a foundation with knowledge and skills. U can't learn and improve if ur still stucked in that mentality zone.
  • #19,429
  • Dec 11, 2012 9:49am Dec 11, 2012 9:49am
Quoting KiNgEdwarD
thanks for the advice,i have tried demo some months later,where i was good,but coming again to real,the problem comes too
Thats because the demo your trading with fake money. The live accounts your risking actual money. You have to be comfortable with putting a set amount in. This is the way I see it. If I put 3k into an account...I no longer have that 3k...it's gone. Don't even act like it's there and then try trading. I know it sounds weird but I hope it makes sense!
Good luck and may the odds be ever in your favor!
  • #19,430
  • Dec 11, 2012 9:52am Dec 11, 2012 9:52am
Quoting 5percent
which is why i said 0.01 . 10 cents a pip until u are emotionally detached, its still live. u need to train your " edge " if u can't give time for a trade, u will only hit ur stops more often or not, and not giving time for ur winner trade to run.

ur mistake is to jump into live trading too quickly without foundation. so u pick up too many bad trading ethics an habits, which result in ur fear and management.

" forgive yourself " , bar urself from trading at least 1 month, don't be interested to find out what's going on, go live a life,...
people who told of this forex market actually didn't advised me to first trade on demo,i even did not know that time what actually is forex,they just wanted their affiliate earning,my bad luck !
Sometimes it's better to be wrong,to learn..
  • #19,431
  • Dec 11, 2012 10:06am Dec 11, 2012 10:06am
i have sell order on NZD/USD at .8382,tp .8344,sl 8290,but i'm pretty sure i'll close it as soon as it turn green
Sometimes it's better to be wrong,to learn..
  • #19,432
  • Dec 11, 2012 11:30am Dec 11, 2012 11:30am
This thread is very quiet today
Good luck and may the odds be ever in your favor!
  • #19,433
  • Dec 11, 2012 11:31am Dec 11, 2012 11:31am
Quoting forexalien
Last night , then this morning
This projection is holding very well!
Good luck and may the odds be ever in your favor!
  • #19,434
  • Dec 11, 2012 11:33am Dec 11, 2012 11:33am
Quote
Target is 1.046 or slightly below top of wave 3.

Out at target, now long. Looking for 1.06 and then let it play out on the breakout.

Hope all are doing well, as it seems most were bullish previously on this thread, although kind of quiet today.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #19,435
  • Dec 11, 2012 11:34am Dec 11, 2012 11:34am
New theme song for aud:usd:

http://www.youtube.com/watch?v=1GAKOLOnfV4

And are you watching the DOW? +114

Happy Trades,
fxstir
  • #19,436
  • Dec 11, 2012 11:44am Dec 11, 2012 11:44am
Sorry for the bears...
Attached Image
  • #19,437
  • Dec 11, 2012 11:45am Dec 11, 2012 11:45am
Quoting Mr. Scott
Out at target, now long. Looking for 1.06 and then let it play out on the breakout.

Hope all are doing well, as it seems most were bullish previously on this thread, although kind of quiet today.
My initial gut feeling is a lot of bears got burned on that drop back down to support
Good luck and may the odds be ever in your favor!
  • #19,438
  • Dec 11, 2012 1:36pm Dec 11, 2012 1:36pm
Quoting dbutton1990
My initial gut feeling is a lot of bears got burned on that drop back down to support

woww..
up 70pips from today lowest..
where is this aussie heading??
  • #19,439
  • Dec 11, 2012 1:54pm Dec 11, 2012 1:54pm
Quoting HelloOz
woww..
up 70pips from today lowest..
where is this aussie heading??
......
Attached Image (click to enlarge)
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daddybearforex. com
  • #19,440
  • Dec 11, 2012 1:59pm Dec 11, 2012 1:59pm
Quoting HelloOz
woww..
up 70pips from today lowest..
where is this aussie heading??
Where the central banks want it to head.

I believe they are doing their best to kill the usd. I mean really, if you think about it there is no way on earth the US can pay for the sins of the politicians, other than do what they always have - devalue the dollar and cause inflation. The Consumer Price Index (CPI) is a joke, now that they removed transportation (energy) and food costs. In fact, I vote that they replace the CPI index with the new and much more accurate inflation indicator - the DOW. Along the way they will blow out everyone's stops now and then just for fun. It is an interesting game; lure everyone into risk assets then then lower the boom, rinse, repeat. Same old song and dance.

And...I am now short aud:usd and eur:jpy. Just watching the market breath a little.

Happy Trades,
fxstir
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