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  • #801
  • Aug 23, 2013 5:26am Aug 23, 2013 5:26am
Quoting keroro0o0o
Open trade: EURJPY sell H4 {image} m5 {image}
UPDATE: Terrible mistake. Price gave 2+R profits but I ended with full loss. I wasn't aware of the swap zone which was marked on my chart as I was using online charts at work. http://www.readthemarket.com/media/kunena/emoticons/vomit.gif

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #802
  • Aug 23, 2013 5:28am Aug 23, 2013 5:28am
One thing I realized about my trading, I've let too many winners turned losers in this week. Perhaps it's the psychology of "hoping" to get runners.

Will take these lessons, drill it in my head, and not repeat them again. The learning process keeps goin on and on. Not gonna worry about the P/L for now, as it's a micro account (but still meant something to me). I'll polish my skills & psychology with this micro account, and make myself a BETTER trader!!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #803
  • Aug 23, 2013 7:00am Aug 23, 2013 7:00am
Quoting mmaker
{quote} Almost all your trades were winners for a few pips, at least half the way to your T1 or at T1. If I subscribe to your signal service and took quick T1 profits I would have done very well. Your trades were very very good, maybe the market wasn't predictable enough to hit runners to your T2.
I hear you brother. That's the part I need to work on.

***TRADE MANAGEMENT*****
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #804
  • Aug 23, 2013 7:44am Aug 23, 2013 7:44am
New PO: GOLD short

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UPDATE: Gone too far....PO taken off.

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #805
  • Aug 23, 2013 7:46am Aug 23, 2013 7:46am
Quoting mmaker
{quote} You gave away +2R and +3R trades and took full losses. Why didn't you take half profits like your other trades? What is your usual T1 target? What is your usual T2 target? Do you have fixed rules? I want to learn from you too.
Hey buddy,


I don't have a fixed rule of where my first TP is. But normally it's at first trouble area. I admit, the last 2 trades were guided by greed. Obviously my TP 1 was way further than the FTA. It was purely my mistake. I'll try to stay away from fear/greed, and trade simply what I see on the charts, and not be hopeful or anything like that.


You're always welcome to share your thoughts/charts.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #806
  • Aug 23, 2013 7:56am Aug 23, 2013 7:56am
Quoting keroro0o0o
{quote} Hey buddy, I don't have a fixed rule of where my first TP is. But normally it's at first trouble area. I admit, the last 2 trades were guided by greed. Obviously my TP 1 was way further than the FTA. It was purely my mistake. I'll try to stay away from fear/greed, and trade simply what I see on the charts, and not be hopeful or anything like that. You're always welcome to share your thoughts/charts.
Your trades are actually very very good, which is why many people are watching your thread. The only thing I see differently is that: you saw the two trades as +2R and +3R "giving away" profits and ended up with -1R full losses. However I saw them as -3R and -4R losers. The open profits are to me MY money, not the "market's money". The initial stop loss and risk management at the beginning of entry determines how much you will lose. But it is the EXIT that determines how much you will win. Letting the trades go back to -1R is still thinking about entry risk management, when you should have rules for your exit profit-taking management. I'm sure you will come up with good rules.
No longer trading forex. Looking for full time job.
  • #807
  • Aug 23, 2013 8:20am Aug 23, 2013 8:20am
hi keroro,

can u pls upload your big round number indicator ....useful to us.

.....dhysek......
  • #808
  • Aug 23, 2013 9:06am Aug 23, 2013 9:06am
Quoting idhysek
hi keroro, can u pls upload your big round number indicator ....useful to us. .....dhysek......

hey there,


Here you go. Thanks to Raptor
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #809
  • Aug 23, 2013 9:07am Aug 23, 2013 9:07am
Quoting mmaker
{quote} Your trades are actually very very good, which is why many people are watching your thread. The only thing I see differently is that: you saw the two trades as +2R and +3R "giving away" profits and ended up with -1R full losses. However I saw them as -3R and -4R losers. The open profits are to me MY money, not the "market's money". The initial stop loss and risk management at the beginning of entry determines how much you will lose. But it is the EXIT that determines how much you will win. Letting the trades go back to -1R is still thinking...
Yep, I hear you buddy. I'll review my trades/mistakes seriously, and I'll come up with a strict rule. .

Many ppl watching my thread? I wonder..haha. It's pretty quiet here. But I'm glad my posts are helping you.

Regards,
Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #810
  • Aug 26, 2013 2:17am Aug 26, 2013 2:17am
Open trade: EURUSD long

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #811
  • Aug 26, 2013 8:36am Aug 26, 2013 8:36am
Quoting keroro0o0o
Open trade: EURUSD long {image} {image}

UPDATE: Spiked out for a small loss. NEXT!

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #812
  • Aug 26, 2013 9:13am Aug 26, 2013 9:13am
New PO: EURJPY short

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #813
  • Aug 26, 2013 9:54am Aug 26, 2013 9:54am
hey kr how are you doing, ur sl is dynamic or fixed?
  • #814
  • Aug 26, 2013 9:56am Aug 26, 2013 9:56am
Quoting XharpScalper
hey kr how are you doing, ur sl is dynamic or fixed?
hey bud,

Hmm, not sure what you meant by dynamic/fixed.


If you meant do i use a fixed SL, in terms of pips, then no. It's based on the S/D zone which I trade.


If you meant do i move my SL's when i'm in a trade, then yes. I move it according to PA.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #815
  • Aug 26, 2013 9:59am Aug 26, 2013 9:59am
Quoting keroro0o0o
{quote} hey bud, Hmm, not sure what you meant by dynamic/fixed. If you meant do i use a fixed SL, in terms of pips, then no. It's based on the S/D zone which I trade. If you meant do i move my SL's when i'm in a trade, then yes. I move it according to PA.
ya i as asking of fixed in terms of pips , good work hope you found your holy grill .
  • #816
  • Aug 26, 2013 10:01am Aug 26, 2013 10:01am
Quoting XharpScalper
{quote} ya i as asking of fixed in terms of pips , good work hope you found your holy grill .
haha. Holy grail? I don't think something like that exists. But if it does, I think it's the passion that I have towards forex trading.

Good trading to you my friend.


Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #817
  • Aug 26, 2013 5:35pm Aug 26, 2013 5:35pm
Quoting keroro0o0o
New PO: EURJPY short {image} {image}
UPDATE: First TP banked at "QM'ish" level. (not a valid one as no higher high, but still may give trouble)

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #818
  • Aug 26, 2013 6:31pm Aug 26, 2013 6:31pm
New PO: AUDUSD long

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #819
  • Aug 26, 2013 7:21pm Aug 26, 2013 7:21pm
Quoting keroro0o0o
New PO: AUDUSD long {image}
UPDATE: Stopped out. Was careless to not notice it was a reaction from H4 supply. Big mistake.

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #820
  • Aug 26, 2013 10:07pm Aug 26, 2013 10:07pm
Quoting keroro0o0o
{quote} UPDATE: Stopped out. Was careless to not notice it was a reaction from H4 supply. Big mistake. {image}
When you say "it" was a reaction from H4 supply, what was the "it"? The long setup? The reaction to H4 supply happened AFTER you took the long trade so how should that affect your decision for entry? I don't understand where was the careless part. You mean careless as in taking the long trade, careless as in not taking profit, or careless to leave the stop loss in place?
No longer trading forex. Looking for full time job.
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