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EURUSD

  • #775,801
  • Mar 21, 2013 8:19am Mar 21, 2013 8:19am
Some TA
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Trade smaller than rational because the market is irrational...
  • #775,802
  • Mar 21, 2013 8:20am Mar 21, 2013 8:20am
Question:

Two systems of traders

Winning positions :1630
Losing positions: 60

Open positions: 25 (big loss)


Winning positions : 2410
Losing positions: 710

Open positions: 1 (no loss)

Who is better ?

That one who is holding long positions ?

Both earnings +500% (year)
Both scalpers
  • #775,803
  • Mar 21, 2013 8:23am Mar 21, 2013 8:23am
Quoting LeeNoa
fresh downtrend ej....
Hey LeeNoa, How is it going today?
"You're solid gold, see you in hell"
  • #775,804
  • Mar 21, 2013 8:24am Mar 21, 2013 8:24am
My worst day trading ever, not because of the losses but the blow to confidence

Once again I've blown a good run with stupidity, really struggle with emotion control
  • #775,805
  • Mar 21, 2013 8:24am Mar 21, 2013 8:24am
Quoting Mateusz414
Question:

Two systems of traders

Winning positions :1630
Losing positions: 60

Open positions: 25 (big loss)


Winning positions : 2410
Losing positions: 710

Open positions: 1 (no loss)

Who is better ?

That one who is holding long positions ?

Both earnings +500% (year)
Both scalpers
Unless those longs are structured in a pyramid formation (smallest at the top of the LT range 1.40 -1.20) with calculated spacing between positions to avoid Price Saturation zones it is destined to fail because the LT trend is down.

Trading without SL takes a different mindset and most of all PATIENCE.
Trade smaller than rational because the market is irrational...
  • #775,806
  • Mar 21, 2013 8:26am Mar 21, 2013 8:26am
Quoting bennyblanco
My worst day trading ever, not because of the losses but the blow to confidence

Once again I've blown a good run with stupidity, really struggle with emotion control
I suspect you over trade...?
  • #775,807
  • Mar 21, 2013 8:31am Mar 21, 2013 8:31am
finally...closed 3 shorts with profits ))) @2900...still holding more shorts
  • #775,808
  • Mar 21, 2013 8:31am Mar 21, 2013 8:31am
Quoting bennyblanco
My worst day trading ever, not because of the losses but the blow to confidence

Once again I've blown a good run with stupidity, really struggle with emotion control
Forex trading is no place for emotions. It's a cynical world, where only rules of your strategy matter.
"Luxury is one of the basic needs", (c), Don Corleone
  • #775,809
  • Mar 21, 2013 8:31am Mar 21, 2013 8:31am
Long on EJ 1st tp 124.60 second tp 125.20 third tp 125.70
  • #775,810
  • Mar 21, 2013 8:31am Mar 21, 2013 8:31am
Quoting math_GB
I suspect you over trade...?
I definitely do, I'm getting better at trade control but I'm obviously a slow learner

Revenge trading is a big problem, had a bad start to the day and then completely lost it. Account down 30%

Every trade at the moment triggers a opposite market reaction
  • #775,811
  • Mar 21, 2013 8:31am Mar 21, 2013 8:31am
Hey Godrich this headline may support my bearish outlook.

Euro Official On Cyprus: "Markets Believe We Will Find A Solution, This Might Not Be The Case"

A lot of TA traders discount fundementals. I as usual have a different take.

"You can ignore reality but you cannot ignore the consequences of reality" - Ayn Rand

I also believe FA creates the LT charts with TA filling them in.

Do I trade strictly on FA. HELL NO.

I use a healthy mix of FA (big picture) TA (current picture) and MM (which is the greatest of these)

A healthy child should have a family and not a sole source of influence...
Trade smaller than rational because the market is irrational...
  • #775,812
  • Mar 21, 2013 8:32am Mar 21, 2013 8:32am
Quoting math_GB
I suspect you over trade...?
Beer is good
  • #775,813
  • Mar 21, 2013 8:33am Mar 21, 2013 8:33am
Quoting Firstboss
Forex trading is no place for emotions. It's a cynical world, where only rules of your strategy matter.
Yep, and I'm gonna have to learn that or fail. I have the skills to do this, just got to get my head right
  • #775,814
  • Mar 21, 2013 8:33am Mar 21, 2013 8:33am
Quoting Stonar901
Long on EJ 1st tp 124.60 second tp 125.20 third tp 125.70
You don't want to know where the next daily support comes in...
  • #775,815
  • Mar 21, 2013 8:34am Mar 21, 2013 8:34am
Quoting math_GB
You don't want to know where the next daily support comes in...
Enlighten me
  • #775,816
  • Mar 21, 2013 8:35am Mar 21, 2013 8:35am
Quoting bennyblanco
Yep, and I'm gonna have to learn that or fail. I have the skills to do this, just got to get my head right
It will take you years...You will know you made it on the way back from Hell.. You will have to go there first..
  • #775,817
  • Mar 21, 2013 8:35am Mar 21, 2013 8:35am
Quoting bennyblanco
I definitely do, I'm getting better at trade control but I'm obviously a slow learner

Revenge trading is a big problem, had a bad start to the day and then completely lost it. Account down 30%

Every trade at the moment triggers a opposite market reaction
You really shouldn't take any further trades today, what is done is done. Turn the server off and get out of the house... Seriously...
  • #775,818
  • Mar 21, 2013 8:36am Mar 21, 2013 8:36am
I posted a few minutes ago about the 1.2900 strike being touted. Often times these strikes are a magnet.

Reminds of the song from my younger days..."You are a magnet and I am steel"
Trade smaller than rational because the market is irrational...
  • #775,819
  • Mar 21, 2013 8:36am Mar 21, 2013 8:36am
Take a break from trading. You're only going to increase your stress if you trade more today.
  • #775,820
  • Mar 21, 2013 8:36am Mar 21, 2013 8:36am
down we gooo
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