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  • #857,121
  • Nov 27, 2013 1:15am Nov 27, 2013 1:15am
Quoting Ken A
{quote} Posting in forums be somebody be a Guru acting like a real deal is the easiest part If you are really serious, try this: Plan and execute 3 trades consecutively target min 500 pips/trade to start with (real money). Will learn a lot about yourself, not the market.
the easy part is to enter a trade. the difficult part is to hold a winner as much profit as possible. You always worry the market turns around and your profit vanishes.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #857,122
  • Nov 27, 2013 1:15am Nov 27, 2013 1:15am
Quoting horuxito
{quote} Some may say those big trades of 500 pips is the easy part. Just wait until EU is at 1.20 and go for 1.25. I think the real deal is being able to execute successfully smaller period trades with the same analysis you'd performed in daily and weekly charts.
Whatever TF's you are using, try it and find out about yourself. Hear-say from those Gurus .........
  • #857,123
  • Nov 27, 2013 1:18am Nov 27, 2013 1:18am
Quoting Ken A
{quote} Posting in forums be somebody be a Guru acting like a real deal is the easiest part If you are really serious, try this: Plan and execute 3 trades consecutively target min 500 pips/trade to start with (real money). Will learn a lot about yourself, not the market.
Maybe. But the targets I set are tentative at best..usually there's price action that tells me to get out before that set area is reached. I really wanted EU to get up closer to the recent highs where there was some more selling but if I see short billion dollar short orders being created against my position I'm not going to be the dummy who lets greed take over and hopes for the best.
  • #857,124
  • Nov 27, 2013 1:18am Nov 27, 2013 1:18am
Quoting Eurusdd
eurusd will not close below 1.35750 within the next 196 mins, unless the trend changes. so as long as the bulls are in control, she must close above that number within the time.... If she closes there , the up will be done. 191mins starting now
hi, what is your take about euro now?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #857,125
  • Nov 27, 2013 1:20am Nov 27, 2013 1:20am
Quoting ffleo
{quote} the easy part is to enter a trade. the difficult part is to hold a winner as much profit as possible. You always worry the market turns around and your profit vanishes.
Trusting your trade so much that you'll keep adding positions if it goes against you isn't easy either.

Quoting ken*a
{quote} the easy part is to enter a trade. the difficult part is to hold a winner as much profit as possible. You always worry the market turns around and your profit vanishes.
I agree.
Best time to plant a tree was 20 years ago, second best is now
  • #857,126
  • Nov 27, 2013 1:21am Nov 27, 2013 1:21am
I knew I should of slept on couch....

Move I've being waiting for happened now waiting for 4hr confirmation close above yellow TL (2.3/4 hours). If so we should travel back to top imo. EJ and ECad both moved on same bo (daily TL's).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 25.jpg Size: 251 KB
As the lights go by so too do the shadows move
  • #857,127
  • Nov 27, 2013 1:23am Nov 27, 2013 1:23am
Quoting horuxito
{quote} Trusting your trade so much that you'll keep adding positions if it goes against you isn't easy either. {quote} I agree.
when your position size grows to make you feel uncomfortable, you have to reduce position size at retracement.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #857,128
  • Nov 27, 2013 1:25am Nov 27, 2013 1:25am
Quoting ffleo
{quote} when your position size grows to make you feel uncomfortable, you have to reduce position size at retracement.
What do you mean, sorry, I have troubles to see the mental picture.
Best time to plant a tree was 20 years ago, second best is now
  • #857,129
  • Nov 27, 2013 1:26am Nov 27, 2013 1:26am
Quoting Ken A
{quote} Posting in forums be somebody be a Guru acting like a real deal is the easiest part If you are really serious, try this: Plan and execute 3 trades consecutively target min 500 pips/trade to start with (real money). Will learn a lot about yourself, not the market.
are you referring to correlation trades, or just trades in general?
Patience is a virtue...
  • #857,130
  • Nov 27, 2013 1:30am Nov 27, 2013 1:30am
Quoting horuxito
{quote} What do you mean, sorry, I have troubles to see the mental picture.
your position size grows when you keep adding against the market movement. When market retraces, reduce your position size. Do not hold a full position because the market can go against you again for a while.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #857,131
  • Nov 27, 2013 1:33am Nov 27, 2013 1:33am
seems like A/U and N/U are ripe for short
That which does not kill us makes us stronger
  • #857,132
  • Nov 27, 2013 1:34am Nov 27, 2013 1:34am
Quoting ffleo
{quote} your position size grows when you keep adding against the market movement. When market retraces, reduce your position size. Do not hold a full position because the market can go against you again for a while.
What about the second position having more size than the first and a possible third having more than the second so when price finally retraces be able to BE the previous positions?
Best time to plant a tree was 20 years ago, second best is now
  • #857,133
  • Nov 27, 2013 1:35am Nov 27, 2013 1:35am
Quoting Matts Micro
I knew I should of slept on couch.... Move I've being waiting for happened now waiting for 4hr confirmation close above yellow TL (2.3/4 hours). If so we should travel back to top imo. EJ and ECad both moved on same bo (daily TL's). {image}
Still waiting for GUjoe to come to party. Needs to crack 1.623x area for correlated weekly bo.
As the lights go by so too do the shadows move
  • #857,134
  • Nov 27, 2013 1:36am Nov 27, 2013 1:36am
Quoting ffleo
{quote} the easy part is to enter a trade. the difficult part is to hold a winner as much profit as possible. You always worry the market turns around and your profit vanishes.
Of course all depend on one personality, but I think a trader needs to follow a system in an object way, because the outcome will be various and a trader should not double guessing while in the middle of trade, especially when he/she trade a good size account.

The subjectivity need to be inject when the system is draft or created.. only me...
Wherever you go, there you are.
  • #857,135
  • Nov 27, 2013 1:37am Nov 27, 2013 1:37am
Quoting horuxito
{quote} What about the second position having more size than the first and a possible third having more than the second so when price finally retraces be able to BE the previous positions?
It would be best if you can get to BE for the whole position. At BE, reduce position size to reduce risk, because the market can turn against you again. Keep the rest for running profit. If the market indeed turns around to go against you again, whatever you close at BE can be added back at better price. Do not add all of it back, add little by little. Also do not pyramid. Sometimes the market does not pullback that much to reach your BE point, still reduce position size to reduce risk.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #857,136
  • Nov 27, 2013 1:39am Nov 27, 2013 1:39am
Quoting chamika1989
bought at 1.3560 and waiting until it hits 1.3660

if you wait 3660 then you wait higher than 3660
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #857,137
  • Nov 27, 2013 1:40am Nov 27, 2013 1:40am
Quoting ffleo
{quote} It would be best if you can get to BE for the whole position. At BE, reduce position size to reduce risk, because the market can turn against you again. Keep the rest for running profit. If the market indeed turns around to go against you again, whatever you close at BE can be added back at better price. Do not add all of it back, add little by little. Also do not pyramid. Sometimes the market does not pullback that much to reach your BE point, still reduce position size to reduce risk.
thx
Best time to plant a tree was 20 years ago, second best is now
  • #857,138
  • Nov 27, 2013 1:41am Nov 27, 2013 1:41am
Quoting horuxito
{quote} What about the second position having more size than the first and a possible third having more than the second so when price finally retraces be able to BE the previous positions?
Sounds similar to martingale. Does not always work and you might keep adding and adding until you almost eliminate your account if it goes against you. ***points at self***

fti has a nice thread which includes some strategy close to it - rescuing positions when things go bad among others - search for it and read first 200 pages or so, called 'technical analysis fallacy' and is very interesting.
  • #857,139
  • Nov 27, 2013 1:44am Nov 27, 2013 1:44am
Quoting moneymove
seems like A/U and N/U are ripe for short
Watch EUR/AUD for A/U and E/NZD for N/U will make life easier.
  • #857,140
  • Nov 27, 2013 1:45am Nov 27, 2013 1:45am
Nice entry on EURUSD long right now...
Price Action + KISS + PIE = Forex-Entourage
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