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Do you trade more than 1 million dollars in forex? 36 replies

Maximus 29 replies

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Maximus: A Forex Million

  • #21
  • Jul 15, 2013 4:46am Jul 15, 2013 4:46am
Quoting ForUs
First trade jitters....that second trade should have been positive but i chickened out ...I was targeting .93 but there still is the chance of a run to 130.40 area so I'll just wait and see
If price never returns to this zone so I can sell, I will sit on the sidelines for this entire move.
  • #22
  • Jul 15, 2013 5:33am Jul 15, 2013 5:33am
Are you trading only EURJPY?

Several other high moving, less volatile pairs out there.
Let it turn and find your entry.
  • #23
  • Jul 15, 2013 5:39am Jul 15, 2013 5:39am
Quoting Intrepidpips
Are you trading only EURJPY? Several other high moving, less volatile pairs out there.
Yes only E/J...no scientific reasons behind this I'm just comfortable with the way she moves, also I like the volatility it keeps me on my toes.a move can go 100 -200 pips in the blink of an eye...this system will work on any pair I just like the E/J...y have some recommendations for a dif pair let me know and Ill check them out.
  • #24
  • Jul 15, 2013 6:00am Jul 15, 2013 6:00am
sell 130.347
  • #25
  • Jul 15, 2013 7:38am Jul 15, 2013 7:38am
Quoting ForUs
{quote} Yes only E/J...no scientific reasons behind this I'm just comfortable with the way she moves, also I like the volatility it keeps me on my toes.a move can go 100 -200 pips in the blink of an eye...this system will work on any pair I just like the E/J...y have some recommendations for a dif pair let me know and Ill check them out.

Try AUDJPY, EURNZD, GBPNZD
Let it turn and find your entry.
  • #26
  • Jul 15, 2013 7:53am Jul 15, 2013 7:53am
Quoting Intrepidpips
{quote} Try AUDJPY, EURNZD, GBPNZD
Ok I'll check them out!
  • #27
  • Jul 15, 2013 7:54am Jul 15, 2013 7:54am
Man I got hammered on that last trade -30 that news killed me
  • #28
  • Jul 15, 2013 10:27am Jul 15, 2013 10:27am
Quoting ForUs
Man I got hammered on that last trade -30 that news killed me

I rushed out on time from my own trade. Your time will come seems you like swimming against the tide.
Let it turn and find your entry.
  • #29
  • Jul 15, 2013 2:08pm Jul 15, 2013 2:08pm
Quoting Intrepidpips
{quote} I rushed out on time from my own trade. Your time will come seems you like swimming against the tide.
You mean you rushed out to early also?
  • #30
  • Jul 15, 2013 2:11pm Jul 15, 2013 2:11pm
Quoting ForUs
{quote} You mean you rushed out to early also?
With [people watching it puts I'm putting allot of pressure on myself which makes me second guess me...when I have been right every time on these trades just not the patience to wait it out...I think i just need to calm down and trade.
  • #31
  • Jul 15, 2013 2:59pm Jul 15, 2013 2:59pm
i would say no need to start doubting yourself now. I mean who cares if you blow the $60, just start again if you do. Its better to have that mindset than to get all nervous about a position your in. Place the trade and let it do its thing.
  • #32
  • Jul 15, 2013 3:01pm Jul 15, 2013 3:01pm
Quoting Intrepidpips
{quote} I rushed out on time from my own trade. Your time will come seems you like swimming against the tide.
I'm not contend trading, E/j moves to quickly to try and place trades in reaction....I'm seeing things that will happen just been jumping in to soon because of the jitters...gotta remove my emotions from this and get back to the business of trading
  • #33
  • Jul 15, 2013 3:07pm Jul 15, 2013 3:07pm
Quoting ForUs
{quote} You mean you rushed out to early also?

No, I was in a AUDUSD short but seeing a reversal as a result of the news I exited the trade, waiting for another entry.

I don't as a rule run out of loosing trades but when I have achieved, 1/1 R/R, I can exit if I see a sign of reversal or there's impending Red News.
Let it turn and find your entry.
  • #34
  • Jul 15, 2013 3:22pm Jul 15, 2013 3:22pm
Quoting Intrepidpips
{quote} No, I was in a AUDUSD short but seeing a reversal as a result of the news I exited the trade, waiting for another entry. I don't as a rule run out of loosing trades but when I have achieved, 1/1 R/R, I can exit if I see a sign of reversal or there's impending Red News.
Always good to have an exit strategy!
  • #35
  • Jul 15, 2013 6:16pm Jul 15, 2013 6:16pm
Quoting rtiger29
i would say no need to start doubting yourself now. I mean who cares if you blow the $60, just start again if you do. Its better to have that mindset than to get all nervous about a position your in. Place the trade and let it do its thing.
Thanks...Love the positivity...it's just the watcher effect...you feel different when you know there are people watching I really wouldn't cry over 60 dollars.
  • #36
  • Jul 16, 2013 12:58am Jul 16, 2013 12:58am
Quoting ForUs
{quote} Always good to have an exit strategy!

Good thing I exited the Auusie MPC minutes release caused a complete reversal overnight.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #37
  • Jul 16, 2013 1:07am Jul 16, 2013 1:07am
Quoting Intrepidpips
{quote} Good thing I exited the Auusie MPC minutes release caused a complete reversal overnight. {image}
  • #38
  • Jul 16, 2013 3:20am Jul 16, 2013 3:20am
Recent German fundamentals
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  • #39
  • Jul 16, 2013 3:21am Jul 16, 2013 3:21am
Recent German Fundies #2
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  • #40
  • Jul 16, 2013 3:22am Jul 16, 2013 3:22am
Recent German fundies #3
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