...but of course in a cool, calm and collected way...
hello and green day to all
.... laughing all the way to the bank
- #9,761
- Feb 20, 2013 2:18am Feb 20, 2013 2:18am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
- #9,762
- Feb 20, 2013 2:49am Feb 20, 2013 2:49am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
mind over matter
- #9,763
- Feb 20, 2013 2:50am Feb 20, 2013 2:50am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Babysitting GU at the moment
Doing what you like is Freedom. Liking what you do is Happiness.
- #9,764
- Feb 20, 2013 2:53am Feb 20, 2013 2:53am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
Stopped at BE
mind over matter
- #9,765
- Feb 20, 2013 2:56am Feb 20, 2013 2:56am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
thought that might be the case... in the meantime, EU and EJ are giving me another patience exercise
Doing what you like is Freedom. Liking what you do is Happiness.
- #9,766
- Feb 20, 2013 4:29am Feb 20, 2013 4:29am
It's probably been answered before, but I dare to ask when and how can I be certain it is safe to get into the water again, cause I'm with ATI on the minimum lot size until I can show some consistent green. Just truly feels I should rather do the opposite of what I want to, cause as soon as I'm in the trade the PA turns around and take my SL out.
I know with lots of practice and persistence it will get better, but this tunnel feels very long.
Guess my question is what pre-flight measures can I take to eliminate false positives.
I know with lots of practice and persistence it will get better, but this tunnel feels very long.
Guess my question is what pre-flight measures can I take to eliminate false positives.
- #9,767
- Feb 20, 2013 4:48am Feb 20, 2013 4:48am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
So Germany had a bund action for €4bln, that was barely covered (1.2).
So the question has to asked ...
What happens when a major country can no longer sell its debt ???
Of course it has already happened in US and UK ( being effectively covered by QE) !!
Today's conundrum
So the question has to asked ...
What happens when a major country can no longer sell its debt ???
Of course it has already happened in US and UK ( being effectively covered by QE) !!
Today's conundrum
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #9,768
- Feb 20, 2013 4:51am Feb 20, 2013 4:51am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
So Germany had a bund action for €4bln, that was barely covered (1.2).
So the question has to asked ...
What happens when a major country can no longer sell its debt ???
Of course it has already happened in US and UK ( being effectively covered by QE) !!
Today's conundrum
.... laughing all the way to the bank
- #9,769
- Feb 20, 2013 4:52am Feb 20, 2013 4:52am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
It's probably been answered before, but I dare to ask when and how can I be certain it is safe to get into the water again, cause I'm with ATI on the minimum lot size until I can show some consistent green. Just truly feels I should rather do the opposite of what I want to, cause as soon as I'm in the trade the PA turns around and take my SL out.
I know with lots of practice and persistence it will get better, but this tunnel feels very long.
Guess my question is what pre-flight measures can I take to eliminate false positives.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #9,770
- Feb 20, 2013 4:52am Feb 20, 2013 4:52am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
It's probably been answered before, but I dare to ask when and how can I be certain it is safe to get into the water again, cause I'm with ATI on the minimum lot size until I can show some consistent green. Just truly feels I should rather do the opposite of what I want to, cause as soon as I'm in the trade the PA turns around and take my SL out.
I know with lots of practice and persistence it will get better, but this tunnel feels very long.
Guess my question is what pre-flight measures can I take to eliminate false positives.
For instance.....that GU trade I was babysitting went to +20 or something and I moved my SL to BE to eliminate the risk. From there on, I'm playing with the house money, not my capital. Yes, I got stopped out at BE and the news sent the PA my way for more than 100 pips (and that's the second time this has happened to me on this pair recently!), but what did I lose?......nothing!!
I'm not worried about 'what could have been'......and I'm not worried that I could have taken a solid +20 if I close the trade before the news. I didn't risk my capital any more than necessary, so I live to try again. Sooner or later, on any one (or more) pairs that I trade, the range will break and I will be there with my little trade.....and I will add more trades as the move (or trend) develops......each time, protecting my capital.
This week has been below par for many people, and so we aren't suffering alone, we just have to keep testing the water until it works out for us. Forcing the issue, or trying to force it, will cost you money and confidence. We have to be smarter and more patient than the market!!
Doing what you like is Freedom. Liking what you do is Happiness.
- #9,771
- Feb 20, 2013 4:53am Feb 20, 2013 4:53am
It's probably been answered before, but I dare to ask when and how can I be certain it is safe to get into the water again, cause I'm with ATI on the minimum lot size until I can show some consistent green. Just truly feels I should rather do the opposite of what I want to, cause as soon as I'm in the trade the PA turns around and take my SL out.
I know with lots of practice and persistence it will get better, but this tunnel feels very long.
Guess my question is what pre-flight measures can I take to eliminate false positives.
Not trading protects capital and is a good idea sometimes.
Not sure if that helps but maybe just that you are not alone might .......
- #9,772
- Feb 20, 2013 4:54am Feb 20, 2013 4:54am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
What happens when a major country can no longer sell its debt ???
Doing what you like is Freedom. Liking what you do is Happiness.
- #9,774
- Feb 20, 2013 5:04am Feb 20, 2013 5:04am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
With catering????
Doing what you like is Freedom. Liking what you do is Happiness.
It's probably been answered before, but I dare to ask when and how can I be certain it is safe to get into the water again, cause I'm with ATI on the minimum lot size until I can show some consistent green. Just truly feels I should rather do the opposite of what I want to, cause as soon as I'm in the trade the PA turns around and take my SL out.
I know with lots of practice and persistence it will get better, but this tunnel feels very long.
Guess my question is what pre-flight measures can I take to eliminate false positives.
- #9,776
- Feb 20, 2013 5:24am Feb 20, 2013 5:24am
Thanx RJ, think I just feel like I'll be the first person in history to wipe out an account using 0.01 micro lots, 
but I know it will eventually come with persistence and just being consistent.
but I know it will eventually come with persistence and just being consistent.The short answer is you cannot eliminate false positives.....or bad trades. Losing and winning is all part of this business, and we have to accept that. We can never be certain that it's safe to get back into the water, we can only enter small trades that meet our entry criteria and see how it goes. Because we are stuck in a ranging market, there is little else we can do. The important thing is to not risk your money needlessly.
!
- #9,778
- Feb 20, 2013 5:31am Feb 20, 2013 5:31am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
The short answer is you cannot eliminate false positives.....or bad trades. Losing and winning is all part of this business, and we have to accept that. We can never be certain that it's safe to get back into the water, we can only enter small trades that meet our entry criteria and see how it goes. Because we are stuck in a ranging market, there is little else we can do. The important thing is to not risk your money needlessly (...)
mind over matter
- #9,779
- Feb 20, 2013 6:12am Feb 20, 2013 6:12am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I'm no fan of head & shoulders formations because I have seen them fail more than I have seen them succeed, so I personally think they are a nonsense.....however.....here is the EU Daily chart for your consideration. There's no way of knowing which way this going to go so we will have to wait and see. Just thought you'd like to have a look
Doing what you like is Freedom. Liking what you do is Happiness.
- #9,780
- Feb 20, 2013 6:31am Feb 20, 2013 6:31am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
.... laughing all the way to the bank