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My mentality - my problem

  • #341
  • Aug 19, 2013 10:09am Aug 19, 2013 10:09am
Quoting Eur Usd
I jumped into this trade as I noticed the price goes up rapidly. I was expecting higher move but I got out due to price was hesitating with 23 pips profit - better to be safe than sorry {image}

But itīs not by the rules! or is it ?? You jumped too late , I think.
Iīm also bored about the EU.. I think from tomorrow I only watch EJ or GU ...
Wish you good trades !
Risiko birgt immer auch die Chance.
  • #342
  • Aug 19, 2013 10:12am Aug 19, 2013 10:12am
Quoting Sesamstrasse
{quote} But itīs not by the rules! or is it ?? You jumped too late , I think. Iīm also bored about the EU.. I think from tomorrow I only watch EJ or GU ... Wish you good trades !
not by the rules, but I've seen the price goes up rapidly. I've seen it on EJ many times so I was confident about the trade
On my way to financial independence - if others can do it - I can do it
  • #343
  • Aug 19, 2013 4:55pm Aug 19, 2013 4:55pm
entry at price constrainment, but it broke and went down so fail
btw opening of australian session I treat as another day
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On my way to financial independence - if others can do it - I can do it
  • #344
  • Aug 19, 2013 6:57pm Aug 19, 2013 6:57pm
Quoting Eur Usd
not by the rules, but I've seen the price goes up rapidly.
Great ... You found a new set of rules!!!

Be very carefull. Breaking your rules each time you see something different on your chart will certainly delay your new "5 years" goal
MT4/MT5 EAs/Indicators/Alerts coder
  • #345
  • Aug 20, 2013 1:14am Aug 20, 2013 1:14am
after previous long I took and failed I took another one, once it touched 35sma and seemed it constrains. Because I wanted to go to bed I did set only half of normal position size and gave it 30 pips s/l. tp was just below 1.47 - I got 67pips on it and 3.6% profit.
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On my way to financial independence - if others can do it - I can do it
  • #346
  • Aug 20, 2013 1:16am Aug 20, 2013 1:16am
Quoting FerruFx
{quote} Great ... You found a new set of rules!!! Be very carefull. Breaking your rules each time you see something different on your chart will certainly delay your new "5 years" goal
It's not new set of rules - I't like jumping on the running train. The ema/sma were going same direction, I just took the trade bit too late but spotting rapid movement encouraged me to start trade. I had an s/l set anyway
On my way to financial independence - if others can do it - I can do it
  • #347
  • Aug 20, 2013 1:21am Aug 20, 2013 1:21am
Quoting Eur Usd
I just took the trade bit too late but spotting rapid movement encouraged me to start trade.
It is best to recognize the premise of a rapid movement instead of jumping within the move ... This is generally too late.
MT4/MT5 EAs/Indicators/Alerts coder
  • #348
  • Aug 20, 2013 1:28am Aug 20, 2013 1:28am
a lost trade, maybe due to tight s/l only 7 pips. I took it at first touch in the run on 10ema and it went down, took my s/l and bar stopped, wider s/l would save me
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On my way to financial independence - if others can do it - I can do it
  • #349
  • Aug 20, 2013 1:39am Aug 20, 2013 1:39am
now this one is fail as well. I thought that formation in green circle is pinocchio so I went into trade, after the fact I noticed that formation was against trend shown by 10ema - 13,5 pip lost. It should be my last trade for today as it is third fail. I am still in one trade of EUR/AUD I went into before the EJ cclosed, so if that one fails I am out for today
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On my way to financial independence - if others can do it - I can do it
  • #350
  • Aug 20, 2013 3:28am Aug 20, 2013 3:28am
last trade for today: went in because of price constrained around 10ema - same point where it shut my previous trade on Eur/Aud. It took a while to finishas there was temporary resistance at yellow line, but it did break
I shut it at 36 pips of profitas the price was hesitating and was close to daily pivots R2.
entry was at 1.4734, closed at 1.4770
2.7% profit for today, 3 bad trades, 2 good. there is bias on explorer, when you open trade before noon and close after
end for today, till evening that I treat as next opening day
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On my way to financial independence - if others can do it - I can do it
  • #351
  • Aug 20, 2013 5:20am Aug 20, 2013 5:20am
Quoting Eur Usd
last trade for today: went in because of price constrained around 10ema - same point where it shut my previous trade on Eur/Aud. It took a while to finishas there was temporary resistance at yellow line, but it did break I shut it at 36 pips of profitas the price was hesitating and was close to daily pivots R2. entry was at 1.4734, closed at 1.4770 2.7% profit for today, 3 bad trades, 2 good. there is bias on explorer, when you open trade before noon and close after end for today, till evening that I treat as next opening day {image}
Good job!
I decided yesterday to change from EURUSD to cable or EJ.
And today I had two profit trades .. posted in Choros
So letīs see what the market can do for us today..
Risiko birgt immer auch die Chance.
  • #352
  • Aug 20, 2013 7:28am Aug 20, 2013 7:28am
Quoting Sesamstrasse
{quote} Good job! I decided yesterday to change from EURUSD to cable or EJ. And today I had two profit trades .. posted in Choros So letīs see what the market can do for us today..

Try also EUR/AUD - once it trends gives good signals.
On EUR/JPY I reccomend wider s/l
GBP/USD - I can't trade on this pair and I usually loose, so I rarely look at it
On my way to financial independence - if others can do it - I can do it
  • #353
  • Aug 20, 2013 10:32am Aug 20, 2013 10:32am
Quoting Eur Usd
{quote} Try also EUR/AUD - once it trends gives good signals. On EUR/JPY I reccomend wider s/l GBP/USD - I can't trade on this pair and I usually loose, so I rarely look at it

Yes, Itīs true! EURAUD looks great in H1 !

But I try try cable before , I have a much better spread there!
I think cable needs a very active monitoring , because it maked quick moves/ touches/bounces or breaks .
We will see, if I can handle. But it looks much better than EURUSD the last days.. only today was good( of course.. I started monitoring cable.. typical .. )
Risiko birgt immer auch die Chance.
  • #354
  • Aug 21, 2013 2:35am Aug 21, 2013 2:35am
one of them trades when it hits your s/l and then goes your direction
I got into trade as I noticed constrain around 10ema on !H and on 15m around 35 sma. It got down to hit my s/l and got back up, took 20 pips and 1.8% loss.
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On my way to financial independence - if others can do it - I can do it
  • #355
  • Aug 21, 2013 3:11am Aug 21, 2013 3:11am
price did obey 200 ema recently so went long after it slightly crossed it. s/l stopped me, but got in again afterwards
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On my way to financial independence - if others can do it - I can do it
  • #356
  • Edited 6:33am Aug 21, 2013 5:40am | Edited 6:33am
lost by greed today. the trades above I did enter them again and they gave me 30 pips each, but I wanted more - so here I am now ;-)

After I got confused I just closed all the trades, not bothering if they are winners or loosers. better to be safe than sorry. I was 2% on profit today, should've take it and leave. Also I think my s/l is too narrow. I think to lower down the position by even 50% and set the s/l at 20pips constantly - just need to think about it.
On my way to financial independence - if others can do it - I can do it
  • #357
  • Aug 22, 2013 3:22am Aug 22, 2013 3:22am
a nice choros setup. I did enter at first green circle as I thought it is nice constrainment around 10ema, but It went down to my s/l which I set exactly on 35/50 line, and sould do it below. nevermind, after s/l shut my position I did enter second one at second green circle. got 52 pips of it. so in total after the loose I have 30 pips and 3.4% profit today.
I expect EUR/JPY will get to 131.40 today
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On my way to financial independence - if others can do it - I can do it
  • #358
  • Edited 4:01am Aug 22, 2013 3:30am | Edited 4:01am
on 15m chart I see 2 triangles forming.
1 - the price will get to 131.70 area
2 - less likely it can get to 132.60 area
the resistance was at 131 and kept bouncing few times off, but the distance between price and 131 area was getting narrower.
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On my way to financial independence - if others can do it - I can do it
  • #359
  • Aug 22, 2013 3:30am Aug 22, 2013 3:30am
Quoting Eur Usd
a nice choros setup. I did enter at first green circle as I thought it is nice constrainment around 10ema, but It went down to my s/l which I set exactly on 35/50 line, and sould do it below. nevermind, after s/l shut my position I did enter second one at second green circle. got 52 pips of it. so in total after the loose I have 30 pips and 3.4% profit today. I expect EUR/JPY will get to 131.40 today {image}

Good job ! .. I took the cable 17 pips short, but forgot a screenshot..
Day startes good!
Risiko birgt immer auch die Chance.
  • #360
  • Aug 22, 2013 3:52am Aug 22, 2013 3:52am
Quoting Eur Usd
on 15m chart the support was at 131 and kept bouncing few times off, but the distance between price and 131 area was getting narrower. {image}
Resistance at 131 you mean?
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