AUD/USD

Quoting PipTrapper

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{quote} On a short position you get stopped out on the ask price, not the bid price. So you have to add the spread to the candle price. if your highest candle was 1.33825 and your spread is 2 pips, then a stop at or below 1.33845 will get taken out.

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Quoting lazy

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{quote} Hi top left ask and bid tabs are located for the same chart it will give seperate reading in tradingstation cheers

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Quoting pips29

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{quote} Rainmaker, you got me. What's a data miner? The problem is the mother candle on my daily chart. Once price gets below it I am sure a lot of traders will put in shorts. I will{image}

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Quoting FX Rainmaker

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{quote} Simply put, data mining is collecting data from sources you specify and looking at them as a pattern for analysis. The problem I have with traditional technical analysis is that it is lagging. Data mining is not the holy grail, but I find it more reliable than technicals.

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Quoting pips29

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{quote} so, you are able to make an entry earlier than most of us. This is unfair!

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Quoting FX Rainmaker

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{quote} LOL. I spent a few years of torture on 2 trading desks and a decade+ researching on my own. I knew the goal is to find the edge and manage my risk. I think I've earned the unfairness... It wasn't easy, and it's still not easy even if I have an edge. I still need to manage risk, and control my emotions (greed and fear). A golf buddy of mine told me this and it will stick with me forever: "It takes many shots to win a championship, but it will only take one shot to lose it" Meaning: it will take one really bad trade to destroy your account,...

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Quoting pips29

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{quote} Agree with what you just said. But coming back to your entry, did you take it when candle closed , but if you've taken it at the open then I believe you really have a deserved unfair advantage as I cannot think of a reason other than the candle (before your entry) high was about the same as the one before and that it did not close above the previous candle open. Concerning greed and fear some good traders recommend meditation

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Quoting fxtyrant

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all the negativity i read about me... they all passed by like a small breeze.... meanwhile im well in profit... i dont only trade AUDUSD i unfortunately have to manage multiple trades at the same time. Currently in Long EURAUD, 30 pips to take profit at 1.4480 Currently in Short AUDUSD. Currently in Short GBPJPY Currently in Long USDCAD Currently in Short GBPCAD. I dont really have time to argue with people here. also, my youth doesnt make me any worse of a trader, having had a year of work experience at a trading desk with credit suisse by my age...

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Quote

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Meaning: it will take one really bad trade to destroy your account, one you may never recover from. Key to trading is not only getting an edge, but also managing risk and emotions.

Quoting FX Rainmaker

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{quote} Cool, I had a friend on CS desk. Great traders, one recently got recruited by a family office my friend is at in HK. Which desk were you at?

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Quoting RBlackburn

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I'm just trying to figure out why some of you guys are constantly angry at each other... Is it because your losing, or because your bored...or just plain rude... Anyway... here is that positive 1hr divergence i was talking about earlier...it's only slight though... {image}

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Quoting fxtyrant

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{quote} Fx sales in hk majors only

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Quoting pips29

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{quote} Looking at where you have marked, I see price making lower highs and the oscillator making higher highs. Isn't that an indication to sell?

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Quoting FX Rainmaker

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{quote} icic. My buddy at Nan Fung recruited a guy from CS earlier this year, but not from FX sales.

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