do you ever get the feeling | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Did it ever happen to you? you had to change rules! 23 replies

If you are feeling bad 14 replies

That feeling you get... 50 replies

Do you really think a broker will let you get away with that? 4 replies

Attachments: do you ever get the feeling
Exit Attachments

do you ever get the feeling

  • #1
  • First Post: Oct 7, 2013 5:42pm Oct 7, 2013 5:42pm
that your entry.. becomes the new S or R.. in the opposite direction...

i know.. me to.
  • #2
  • Oct 7, 2013 6:34pm Oct 7, 2013 6:34pm
haha yeah enough times, somtimes managed to place an order on the exact moment where the market changes direction long term too, do'h. Although it's character building, much much better at being able to go "whoops get out get out" then checking it a few days later just for the validation/kickintheface
  • #3
  • Oct 7, 2013 6:34pm Oct 7, 2013 6:34pm
Quoting nbwilson23
that your entry.. becomes the new S or R.. in the opposite direction... i know.. me to.
this is just you imagination, but yes I have felt it so
been there done that, Good Bye
  • #4
  • Oct 8, 2013 6:15am Oct 8, 2013 6:15am
Oh in time you'll find character does not pay the bills and cannot be eaten either. To the OP, yeah, entries are the new S/R all the time

Quoting frosty929
Although it's character building, much much better at being able to go "whoops get out get out" then checking it a few days later just for the validation/kickintheface
forget about tomorrow, just steal away into the night
  • #5
  • Oct 8, 2013 9:25am Oct 8, 2013 9:25am
Quoting nbwilson23
that your entry.. becomes the new S or R.. in the opposite direction... i know.. me to.
I thought I was the only one
  • #6
  • Oct 8, 2013 9:31am Oct 8, 2013 9:31am
lol. like within the next candle you either validate your entry was good. or your entry is now the opposite of what it should of been

And i hate. when im wrong....

Im wrong alot. lol
  • #7
  • Oct 8, 2013 3:47pm Oct 8, 2013 3:47pm
seriously....

you may think ive got S&R set....






that dashed line is my entry from way back when.....
Almost a perfect support line..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 513 KB
  • #8
  • Oct 8, 2013 11:50pm Oct 8, 2013 11:50pm
Happened quite a good number of times. Place the order, change the time frame and realize that you bought at a resistance zone.
  • #9
  • Oct 9, 2013 8:55am Oct 9, 2013 8:55am
Quoting Danny Maina
Happened quite a good number of times. Place the order, change the time frame and realize that you bought at a resistance zone.
Lol Same thing happened and happening over and again.
  • #10
  • Oct 10, 2013 3:49pm Oct 10, 2013 3:49pm
Hahaha! I was about to go see an exorcist to get the demons out of my account.. Now I joined this forum, and I´m thinking about a group discount..
  • #11
  • Oct 14, 2013 6:31am Oct 14, 2013 6:31am
Quoting RudiUllon
Hahaha! I was about to go see an exorcist to get the demons out of my account.. Now I joined this forum, and I´m thinking about a group discount..
Lol mate. You won't find such type of Exorcist here or anywhere lol.
  • #12
  • Oct 14, 2013 6:55am Oct 14, 2013 6:55am
Happens to all of us and isn't (shouldn't be) surprising. If you buy some price, that price becomes emotionally important to you. If the market breaks lower rather than bouncing you might decide to get out for as small a loss as possible, which means as close to your entry price as possible. If you bought some level that lots of others were looking at, there may be lots of others in the same position and to whom that price is emotionally important. As the market comes back up, it encounters sell orders by those looking to get out BE/small loss, and voila your entry becomes resistance.
  • #13
  • Last Post: Oct 22, 2013 12:35pm Oct 22, 2013 12:35pm
Quoting nbwilson23
that your entry.. becomes the new S or R.. in the opposite direction... i know.. me to.
More often than I would care to count..happens to all the traders, even the big guns..it would be surprising if this did not happen at all.
And of course, as ET pointed out, once the market reverses the trend to the opposite direction, every trader would face the pressure to close the order..and new S and R comes into play..
0 traders viewing now