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Fail Better

  • #5,741
  • Aug 25, 2013 8:14pm Aug 25, 2013 8:14pm
Quoting 4FXsake
{quote} PS Pretty dodgy colour of files and filing cabinets Andy!
haha I only noticed that after I posted and couldn't be bothered to change the picture. I am pleased to say that that is a Skype video chat window and my mate's Mum's office cabinets, not mine!
  • #5,742
  • Aug 28, 2013 1:31pm Aug 28, 2013 1:31pm
Haven't traded for a while. Can't find anything that looks even half reasonable. Is this just me?

Actually, just thinking about it now. Tom tweeted something that stuck with me and I have applied it to every trade so far. Can't remember his precise tweet but it went something like this.

If you borrowed money from Frankie "The Butcher" Scarlatti to trade and had to pay him back shortly, would you make the trade you are looking at?

Fantastic.
  • #5,743
  • Aug 28, 2013 4:55pm Aug 28, 2013 4:55pm
This old chestnut.....

Attached Image (click to enlarge)
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  • #5,744
  • Aug 29, 2013 8:44am Aug 29, 2013 8:44am
EURUSD

Any thoughts on this one??

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh129auf2013.png Size: 30 KB


Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #5,745
  • Aug 29, 2013 10:52am Aug 29, 2013 10:52am
Quoting rolo1128
EURUSD Any thoughts on this one?? {image} Rolo

Looking for 1h SFP @ 1.3404ish
  • #5,746
  • Aug 29, 2013 12:49pm Aug 29, 2013 12:49pm
Quoting 4FXsake
{quote} Looking for 1h SFP @ 1.3404ish

Im guessing you meant 1.3204 for an SFP?
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #5,747
  • Aug 29, 2013 1:53pm Aug 29, 2013 1:53pm
Hey guys!

I'm quite new to posting on forums, not that new to trading though followed Toms teachings on Trade2win (the prop education thread gave me a massive insight to what it's like and how hard it can be being a trader), but i'm still pretty average at trading

so where do I start on here to improve my p/l as I don't even know if i'm trading this method correctly :/ and I would say i'm floating around strategies revolving around PA at the moment, but I can pick levels but have never tried going in blind, which i'll have to do if I wanna be taking seriously in a couple of years.
  • #5,748
  • Aug 29, 2013 4:31pm Aug 29, 2013 4:31pm
Quoting rolo1128
{quote} Im guessing you meant 1.3204 for an SFP?
Sorry, yes typo. Duh.
  • #5,749
  • Aug 29, 2013 4:51pm Aug 29, 2013 4:51pm
Took this SFP for a loss. Knocked on the head at the hourly close above SFP candle.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_09 Aug. 29 22.47.gif Size: 37 KB
  • #5,750
  • Aug 30, 2013 7:58am Aug 30, 2013 7:58am
Quoting 4FXsake
Took this SFP for a loss. Knocked on the head at the hourly close above SFP candle. {image}
4th time back.
  • #5,751
  • Aug 30, 2013 10:46am Aug 30, 2013 10:46am
Quoting human2
{quote} 4th time back.
I know but it was beyond its adr so thought I'd have a shot. Not too much damage done though!
  • #5,752
  • Sep 3, 2013 12:03pm Sep 3, 2013 12:03pm
hi,

anyone looking at this level for audusd?

http://img31.imageshack.us/img31/5366/i2vf.png
  • #5,753
  • Sep 3, 2013 5:36pm Sep 3, 2013 5:36pm
I don't think that is a good level at all for numerous reasons, however I would be much more interested in the SFP
  • #5,754
  • Sep 5, 2013 9:55pm Sep 5, 2013 9:55pm
USD/CHF, Buy at 0.9380?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 39 KB
  • #5,755
  • Sep 6, 2013 4:29am Sep 6, 2013 4:29am
Quoting kl1968
USD/CHF, Buy at 0.9380? {image}
Looks pretty good and would also be good to get a SFP around 0.9479!

My usdcad order is soon to trigger. Yeah, I know it's non farm lottery.
  • #5,756
  • Sep 6, 2013 6:30am Sep 6, 2013 6:30am
Triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Sep. 06 12.29.gif Size: 38 KB
  • #5,757
  • Sep 8, 2013 5:49pm Sep 8, 2013 5:49pm
Canadians nicked the American's jobs!

Now trapped but could have gone the other way. Lesson here.
  • #5,758
  • Sep 9, 2013 12:59am Sep 9, 2013 12:59am
Hello Guys,

I have just started to read through the thread and tried to understand the main points of the strategy of Wizard. More or less I understand the principles of entry and "why have to forget breakeven" but as for placing original stop loss and take profit level and the trade management I could not find the right information in the lonf thread. Could you advise me anything (a pdf , a summary some, some important post anything) which could show me how to manage the position and where to put SL and TP?
  • #5,759
  • Edited 2:21am Sep 9, 2013 1:03am | Edited 2:21am
Quoting 4FXsake
Triggered. {image}
Hi 4FXsake,

May I ask you where did you put your original Sl and TP and how are you planning to manage the trade?
  • #5,760
  • Sep 9, 2013 3:41am Sep 9, 2013 3:41am
Quoting Microtrader_
{quote} Hi 4FXsake, May I ask you where did you put your original Sl and TP and how are you planning to manage the trade?
Hi MT,

It's a poor trade in hindsight but to answer your question, I attach a chart.

Tom highlighted in a tweet going short at the blue line or thereabouts.( I missed the seminar last night )

I am going to move my TP to the blue line but it looks like I'm going to get rogered well before then!

For some reason the chart has come out blue? Anyway click on chart to see blue line!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Sep. 09 09.35.gif Size: 34 KB
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