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  • #768,521
  • Mar 7, 2013 4:00am Mar 7, 2013 4:00am
Quoting MaxDoom


if it clears this zone it has few obstacles before 123.9x
thats why i closed. just need a good sign for short
looking for investors . pm me
  • #768,522
  • Mar 7, 2013 4:02am Mar 7, 2013 4:02am
Quoting math_GB
I have a serious problem with my EJ position... The more I look into it, the more I believe it is an amazing spot and I have a wonderful entry. In the past - my trading past - it has been proven many times that I have my severe losses exactly at these times - when I said this is a perfect entry. Am I losing it...? Why does the PA not kick EJ in the ass yet...? Please help...
When you say "many times", how many times do these convictions turn out to be correct? As in how many times do you actually get the perfect entry that works out in your favour?

When I first started out, I had a mental discipline problem with keeping the stop losses at their initial level because I believed it will turn positive. Of course sometimes it would, but most times my balance ended up battered.

Once I got the confidence that my levels indeed work, I didn't feel spooked by the losses. Nowadays, I'd rather let sl get hit then re-assess where the position should be. I have a few questions I need to answer to justify the position that I keep on post-its around my monitor to remind me. Perhaps a similar approach might help?
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  • #768,523
  • Mar 7, 2013 4:02am Mar 7, 2013 4:02am
Quoting MaxDoom
and somebody please tell me why I didn't go long there
Monthly piv @122.42..?
  • #768,524
  • Mar 7, 2013 4:02am Mar 7, 2013 4:02am
Quoting kbmoonshinex
closed
i am looking at 10 sec chart. so i can go out as fast as i see some break even
looking for investors . pm me
  • #768,525
  • Mar 7, 2013 4:04am Mar 7, 2013 4:04am
Quoting MaxDoom
and somebody please tell me why I didn't go long there
you was too lazy like me
Mohan
  • #768,526
  • Mar 7, 2013 4:05am Mar 7, 2013 4:05am
Quoting vankola
Nope. . . Short now! Sl at 123.020
E/u would have a slight retracement this 1hr close, after which don't expect anything less. Have a good trading week......... 300pips in this month for sure Long trend surfacing.
  • #768,527
  • Mar 7, 2013 4:06am Mar 7, 2013 4:06am
Quoting fikaky
Long term??? WE ARE BEARISH ON THE MONTHLY GRAPH and short term (today) DRAGHI should ANNOUNCE A CUT IN THE KEY INTREST RATES!!!! That's just macroeconomics...if he states that the key intrest rates remain unchanged, this is as bad for the EUR as a cut in my opinion..long-term sentiment is bearish and there is no limit to how low it can go!!!
Why decision to not cut interest rates when everybody speculating about it for some time would be as bad as cut itself????
swing it!
  • #768,528
  • Mar 7, 2013 4:06am Mar 7, 2013 4:06am
Quoting MaxDoom


if it clears this zone it has few obstacles before 123.9x
now i see. your entry like mine 122.80.
looking for investors . pm me
  • #768,529
  • Mar 7, 2013 4:06am Mar 7, 2013 4:06am
Bought at 12990 (much later than I should of, saw it at 12967 at 0130 when off for a piss in the middle of the night! Against my rules though..) closed at 13039 - a nice 49 pips!

Opened SELL @1000 GMT at 13039 SL 20, TP 12930-58

What do you reckon on that TP people?? :nerd:
Don't over egg the cake.
  • #768,530
  • Mar 7, 2013 4:07am Mar 7, 2013 4:07am
Hello slight question. What news was released which caused this spike up in EUR/JPY... I have not seen anything listed? Thank you in advance.
  • #768,531
  • Mar 7, 2013 4:08am Mar 7, 2013 4:08am
Quoting Jesseryn
Hello slight question. What news was released which caused this spike up in EUR/JPY... I have not seen anything listed? Thank you in advance.
Spanish and French bond auction...
  • #768,532
  • Mar 7, 2013 4:08am Mar 7, 2013 4:08am
please...let the birds fly higher...
  • #768,533
  • Mar 7, 2013 4:11am Mar 7, 2013 4:11am
Quoting math_GB
Spanish and French bond auction...
Thank you very much. Sir where do you get your news? As I did not see that news posted here on forexfactory.com I'd love to be updated as you traders who are professional.
  • #768,534
  • Mar 7, 2013 4:17am Mar 7, 2013 4:17am
need to head off to rugby soon - may close for profit before all the circus starts in a few hours time

happy hunting guys - and gals!
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"Millionaires don't use astrology, billionaires do"
  • #768,535
  • Mar 7, 2013 4:17am Mar 7, 2013 4:17am
Quoting doggette
When you say "many times", how many times do you actually get the perfect entry that works out in your fhow many times do these convictions turn out to be correct? As in avour?

When I first started out, I had a mental discipline problem with keeping the stop losses at their initial level because I believed it will turn positive. Of course sometimes it would, but most times my balance ended up battered.

Once I got the confidence that my levels indeed work, I didn't feel spooked by the losses. Nowadays, I'd...
To be honest, so far none...! It is a common mistake many traders do actually, that was one of the reasons I posted my failure. And believe it or not I am hapy with a 20 pips SL since I used to insist on my so called "perfect entry" in the past and instead of 20 pips I would have probably 40 pips red right now. So, there is no perfect entry with my trading, there are possibilities and one should not think those possibilities will always work on your favour.
  • #768,536
  • Mar 7, 2013 4:18am Mar 7, 2013 4:18am
Quoting math_GB
Monthly piv @122.42..?
the thing is I told somebody else on here who was planning to go short @ 52 that it would go higher if it got to 52.....

and so it did a very rapid +30 higher

but I even though I expected that I didn't trade it...... too many distractions I think
  • #768,537
  • Mar 7, 2013 4:19am Mar 7, 2013 4:19am
Quoting Jesseryn
Thank you very much. Sir where do you get your news? As I did not see that news posted here on forexfactory.com I'd love to be updated as you traders who are professional.
http://www.fxpro.com/news/audio-news
is the site I use
its free and you get nearly all the news about the fx market
  • #768,538
  • Mar 7, 2013 4:20am Mar 7, 2013 4:20am
A curiosity question, over and over again I see a x.xx66 or x.xx33 level be a turning point, does anyone have an explanation for this? Or just accept it as so and move on.
  • #768,539
  • Mar 7, 2013 4:20am Mar 7, 2013 4:20am
Quoting math_GB
Stopped out for -20...ouch ouch...

Good Morning mate, gained a very quick 10 pips on the EJ break of 46, apart from that nothing yet.

Lots of big news releases today across the board... A day to be careful.
  • #768,540
  • Mar 7, 2013 4:21am Mar 7, 2013 4:21am
hey bro

I always struggle exiting rather than entry actually - maybe I should take a leaf from your tree!

and Doggette - the mental discipline issue for me is def something that has haunted me loads before, and still does when Im not paying attention or I let my guard down... still taking learning curves every week - but in the long run it will be so worth it!


Quoting math_GB
To be honest, so far none...! It is a common mistake many traders do actually, that was one of the reasons I posted my failure. And believe it or not I am hapy with a 20 pips SL since I used to insist on my so called "perfect entry" in the past and instead of 20 pips I would have probably 40 pips red right now. So, there is no perfect entry with my trading, there are possibilities and one should not think those possibilities will always work on your favour.
"Millionaires don't use astrology, billionaires do"
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