Open trade: USDJPY short
Knowing is not enough; we must apply. Willing is not enough; we must do.
Start of my journey towards profitable trading with PA
- #901
- Sep 19, 2013 7:14am Sep 19, 2013 7:14am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
- #902
- Sep 19, 2013 7:35am Sep 19, 2013 7:35am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Open trade: USDJPY short {image} {image}
uke! 
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #904
- Sep 19, 2013 7:51am Sep 19, 2013 7:51am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #905
- Sep 19, 2013 8:07am Sep 19, 2013 8:07am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #907
- Sep 19, 2013 9:19am Sep 19, 2013 9:19am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} O brother don't be so hard on your self. Your are simply showing symptoms of loosing confidence , let me give you free advice . 5C's at work. 1) Constant Plans (making action plan) 2) Consistent Actions (implementing it ) 3) Compulsory Support (patience while implementing) 4) Critical Evaluations (when critical stages come evaluate success and failures and market environment and readjust plans) 5) Corrective Measures (implement readjustments) 6) Comparison Study (although we can not gather first hand news and information in market but we...
U'r right, I'm certainly losing confidence in my analysis/ability to trade. I'll take some time to regroup and re-think over my plans.
Thanks again mate. Really appreciate it. And the 6C's. They make perfect sense.
Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #909
- Sep 19, 2013 10:41am Sep 19, 2013 10:41am
Am finding myself in a cycle...Where I kept spinning around, losses after losses, makes me feel lost. Somehow, I'm trying to convince myself, that this is part of the business, losing is all part of the business. Learn how to lose before Learn how to win. It's proved that trading is not for every1, and I still believe, that with the right mindset/education, I can make a difference, and be a successful trader. HOWEVER, losses after losses makes me doubt my ability to trade, and I'm starting to doubt whether or not my analysis made any sense at all....
Choose pair that you comfortable with, major maybe. Mastered that pair and understand it(behavior and characteristic of the pair). I dont hv right to say this, but you seem jumping around from one pair to another. Just a humble opinion from novice trader..
Go figure.. Simplicity work
- #910
- Sep 19, 2013 10:46am Sep 19, 2013 10:46am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Choose pair that you comfortable with, major maybe. Mastered that pair and understand it(behavior and characteristic of the pair). I dont hv right to say this, but you seem jumping around from one pair to another. Just a humble opinion from novice trader..
EU,AU,GU
EJ,UJ,
2 crosses are on the radar:
EURAUD,EURGBP
Not sure if that's too many. Imho, it made sense to me.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #913
- Sep 19, 2013 8:16pm Sep 19, 2013 8:16pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Thanks Photize for the encouragement, and thanks Ken for the sharing of your clean charts. I like them. I'll take some time off, and regroup/re-think of how I would go forward. Either way, I'm sure I'm not gonna give up on trading. The potential is vast, and it's absolutely up to us to realize it. 
Feel free to drop in anytime with charts.
Chao
Feel free to drop in anytime with charts.
Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #914
- Sep 20, 2013 11:21am Sep 20, 2013 11:21am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Open trade: EURAUD short
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #916
- Sep 20, 2013 9:58pm Sep 20, 2013 9:58pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #917
- Sep 20, 2013 10:36pm Sep 20, 2013 10:36pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Open trade: EURAUD short {image} {image} {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #919
- Sep 20, 2013 11:57pm Sep 20, 2013 11:57pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} my thought {image} {image} {image} {image}
May I ask, the trendlines/Flags on your chart, where they drawn automatically using some kinda indi? Coz imo, that D1 flag didn't make sense to me. The white lines on it did, that SR flip was the key change in market dynamics, and was the main reason for me to start looking for short trades.
I've looked at EU/AU for correlations, and the bullish bias on AU & bearish bias on EU i had in mind supported the short for EURAUD. And there's another interesting observation on EURAUD. We had a perfect price symmetry in the forming. If it continues, price should be on its way down. Well, I'm not targeting for new lows yet, but will short if PA develops.
Knowing is not enough; we must apply. Willing is not enough; we must do.
