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  • #17,201
  • Aug 21, 2013 9:27pm Aug 21, 2013 9:27pm
I opened the GJ position also after Pivot. Unfortunately I saw news coming. +10.
Why I saw???
  • #17,202
  • Aug 21, 2013 9:33pm Aug 21, 2013 9:33pm
Quoting ozgsnr
I opened the GJ position also after Pivot. Unfortunately I saw news coming. +10. Why I saw???
If the signal is good and the pivot is in the way - wait until a "good" break of the pivot and enter - if that's what your trade plan says.

At the end of the day..........there are heaps of trading opportunities - take the HPT ones!!!!!

PM1
  • #17,203
  • Aug 21, 2013 9:54pm Aug 21, 2013 9:54pm
Quoting PipMonster1
{quote} ALL LAPTOPS MUST HAVE THE SAME TEMPLATES!!!!!!!!!!! Attach the FXI Pivots..... {file} It's on Page 1.
Yea you're right, not sure why it's not showing up on my charts. I am checking daily pivot points on other websites and seems that my MT4 is way off when comparing the pivots S1 S2 R1 R2. Must be my MT4, have to figure this out, its important.
  • #17,204
  • Aug 21, 2013 9:58pm Aug 21, 2013 9:58pm
Quoting hunter101
{quote} Yea you're right, not sure why it's not showing up on my charts. I am checking daily pivot points on other websites and seems that my MT4 is way off when comparing the pivots S1 S2 R1 R2. Must be my MT4, have to figure this out, its important.
We have been down this same road....countless times....even just a few days ago.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,205
  • Aug 21, 2013 10:04pm Aug 21, 2013 10:04pm
Quoting hunter101
{quote} Yea you're right, not sure why it's not showing up on my charts. I am checking daily pivot points on other websites and seems that my MT4 is way off when comparing the pivots S1 S2 R1 R2. Must be my MT4, have to figure this out, its important.
If your broker is not GMT+3 (NY), try my Auto-Pivot on Page 1. I set it to Start Hour 21 because mine is GMT+0.
  • #17,206
  • Aug 21, 2013 10:10pm Aug 21, 2013 10:10pm
Quoting realjumper
I just did a silly thing that turned out well.....I took a short on EA and a long on GJ right in front of the China news.....because I didn't check the news calendar. Both hit their TP's before I could even take a screenshot!! That could easily have gone the other way because I failed to check the calendar.....but I'll take the pips anyway!
Hey, RJ, I don't have any CNY pairs to watch but clearly this news affects JPY and AUD that I do watch. I, too, took a EA short to test my trade manager trailing stop. No Chance! Neither of my brokers have this currency, guess I need to get another demo!
  • #17,207
  • Aug 21, 2013 10:12pm Aug 21, 2013 10:12pm
Quoting ericjschroed
{quote} Hey, RJ, I don't have any CNY pairs to watch but clearly this news affects JPY and AUD that I do watch. I, too, took a EA short to test my trade manager trailing stop. No Chance! Neither of my brokers have this currency, guess I need to get another demo!
China news will always affect the AUD and Kiwi dollars as China is such a large trading partner of Aussie and NZ.....and because China is the 2nd largest economy, the others take note too
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,208
  • Aug 21, 2013 10:48pm Aug 21, 2013 10:48pm
Quoting ericjschroed
{quote} If your broker is not GMT+3 (NY), try my Auto-Pivot on Page 1. I set it to Start Hour 21 because mine is GMT+0.
THANK YOU! Now i can see the pivots... And i would not have entered my trade if i had this. I made a huge mistake, yet I was lucky.. A man has to be lucky at least once in his life.
  • #17,209
  • Aug 21, 2013 10:55pm Aug 21, 2013 10:55pm
Quoting realjumper
{quote} I can't quite see on your chart, but your trade appears to have been entered towards the end of the day......about 3 hours before market close? If so, check that time on your past charts and most likely you will see that this is a time where the market is not very productive. Generally speaking, most 'action' happens in the first 2 or 3 hours of each session opening.....in fact I very rarely enter trades after the first 2 or 3 hours of each market because the reliable moves are usually all done by then.
Thank you, RJ. I was aware that trades in the end of the day are tend to be modest actually. In fact I could grab 15-18 pips and close it, but instead I was being greedy and market only left me 2 pips. Anyways, setup was OK but must remember when is the best time to take trades.
  • #17,210
  • Aug 22, 2013 2:13am Aug 22, 2013 2:13am
French manufacturing contracts......I wonder how Draghi is going to spin this?
German manufacturing due in 15 min might save Draghi......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,211
  • Aug 22, 2013 2:29am Aug 22, 2013 2:29am
Quoting realjumper
French manufacturing contracts......I wonder how Draghi is going to spin this? German manufacturing due in 15 min might save Draghi......
Saved, again
  • #17,212
  • Aug 22, 2013 2:37am Aug 22, 2013 2:37am
Quoting Cold_W
{quote} Saved, again
LOL...yeah.....Germany saved the day again!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,213
  • Aug 22, 2013 2:47am Aug 22, 2013 2:47am
Quoting realjumper
{quote} LOL...yeah.....Germany saved the day again!!
Just imagine what would happen to EZ if The Bavaria Party (separatist political party) actually achieves Bavarian independence within the European Union!!!
  • #17,214
  • Aug 22, 2013 2:55am Aug 22, 2013 2:55am
Quoting Cold_W
{quote} Just imagine what would happen to EZ if The Bavaria Party (separatist political party) actually achieves Bavarian independence within the European Union!!!
Indeed...survival of the EZ is hanging on by a very thin thread, no matter what Draghi trys to sell us....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,215
  • Aug 22, 2013 3:02am Aug 22, 2013 3:02am
Life is not fair! Again you got nice HPT setups during Asian session and so far nothing worth taking after LO
  • #17,216
  • Aug 22, 2013 3:05am Aug 22, 2013 3:05am
Quoting Cold_W
Life is not fair! Again you got nice HPT setups during Asian session and so far nothing worth taking after LO

.
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,217
  • Aug 22, 2013 3:10am Aug 22, 2013 3:10am
Quoting realjumper
{quote} . {image}
Sure, it's better wait than loose money trying to chase the Market
  • #17,218
  • Aug 22, 2013 3:12am Aug 22, 2013 3:12am
RJ, any damage after those quakes in your area?
  • #17,219
  • Aug 22, 2013 3:19am Aug 22, 2013 3:19am
Quoting Cold_W
{quote} Sure, it's better wait than loose money trying to chase the Market
Yep, it is. I know it can be disheartening to have no opportunities presenting themselves, but they will come...for sure. I think for about 75% of last year, the Tokyo session was dead, apart from the occasional 'bold action' in the form of market intervention. It's just the way it goes, but there has been some great London trades this year....just not at the moment, but keep your powder dry, because the chance will come again.



Quoting Cold_W
RJ, any damage after those quakes in your area?
Nope...our flexible houses coped very well. A lot of damage at the epicentre though, but no injuries or fatalities so all is well.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,220
  • Aug 22, 2013 3:31am Aug 22, 2013 3:31am
It was terrible day for me yesterday. From the morning till evening all went wrong. I was angry at my work and i thought that earning some pips made me feel better. Took 4 trades, all lose (-90pips) what made me more angry and flustrated.
What is a lesson?

Dont trade if you are angry. It is almost sure that all decisions made in that state of mind would be wrong.
Lesson learned.
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