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  • #863,501
  • Dec 13, 2013 9:18pm Dec 13, 2013 9:18pm
IMO the majority is inflected with "I am right..I want quick profits.. Don't give anything back to the market" fear of losing mentality.. So when they are wrong, they let their loses run & when they are right, they are afraid of pi$$ing away the profits, so they grab their "20 pips" & run..

A trader will just be spinning their wheels in this business, blame everything under the sun for their loses & eventually disappear into FX Neverland unless they overcome this mindset..

Quoting OctaveJay509
{quote} Allow me to elaborate the cliche for a minute here, and I am hoping after you done reading my thought, you will have a different perspective about it. I bet you will mate. Haha! Let's just say that you have done all your analysis correct, and you have a good probability of the direction of the Market in the next 2 or 3 days... You are getting excited to jump on board and waiting for the trigger either from Stochastics / MACD crossover /Moving Average Crossover or through Fibonacci Retracement. Whatever the case might be, you know exactly...
  • #863,502
  • Dec 13, 2013 9:38pm Dec 13, 2013 9:38pm
Quoting milam
{quote} My calls?
No the ones I made. Nailed EU reversal within 10 pips and nailed USD/CAD yesterday night within a similar window. Posted both trades while it was happening not 10 hours later like some of the frauds here.
  • #863,503
  • Dec 13, 2013 9:54pm Dec 13, 2013 9:54pm
Quoting Kanzler
{quote} No the ones I made. Nailed EU reversal within 10 pips and nailed USD/CAD yesterday night within a similar window. Posted both trades while it was happening not 10 hours later like some of the frauds here.
Yes, live calls are good…..no BS….
Wherever you go, there you are.
  • #863,504
  • Dec 14, 2013 12:33am Dec 14, 2013 12:33am
timmbeeeerrrr ..

sorry ..

taaaperrrrrrrrr ....
  • #863,505
  • Dec 14, 2013 1:29am Dec 14, 2013 1:29am
Quoting cdndollar
IMO the majority is inflected with "I am right..I want quick profits.. Don't give anything back to the market" fear of losing mentality.. So when they are wrong, they let their loses run & when they are right, they are afraid of pi$$ing away the profits, so they grab their "20 pips" & run.. A trader will just be spinning their wheels in this business, blame everything under the sun for their loses & eventually disappear into FX Neverland unless they overcome this mindset.. {quote}

You are 100% right. even i make the mistake of closing early. just need to get some medicine for patience
  • #863,506
  • Edited 1:53am Dec 14, 2013 1:37am | Edited 1:53am
Quoting giveachance
{quote} You are 100% right. even i make the mistake of closing early. just need to get some medicine for patience
Fear..
Wherever you go, there you are.
  • #863,507
  • Dec 14, 2013 2:15am Dec 14, 2013 2:15am
thats only for pro n veteran.
for newbie like me, fear is part of emotion.
newbie never trade emotionless.
don't expect a newbie turn into pro in just 1 night
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #863,508
  • Dec 14, 2013 2:28am Dec 14, 2013 2:28am
Quoting ud1nh0
thats only for pro n veteran. for newbie like me, fear is part of emotion. newbie never trade emotionless. don't expect a newbie turn into pro in just 1 night

pro always knows which long term direction and have the backup plan. newbie did not.
thats why, closing early in profit for newbie is understandable. fearing to enter trade is understandable.
that non understandable for newbie is entering trades without sl and go wrong but not cutting it afer more than 1 year.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #863,509
  • Dec 14, 2013 3:21am Dec 14, 2013 3:21am
The EURUSD pair tried to break higher during the week, but as you can see the 1.38 level did offer enough resistance to push the market back down.
In the end I believe that this market is ready to pull back, something that could be expected after this fairly steep bounce. Because of this, I think that the market will probably try to drive to the 1.3825 level, where it should meet pressure. Ultimately though, the 1.3915 level could be definitely restive, and it is going to take a significant amount of negative pressure to make that happen to jump to 1.3670 - 1.3600. What to expect?
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  • #863,510
  • Dec 14, 2013 3:56am Dec 14, 2013 3:56am
Quoting ud1nh0
thats only for pro n veteran. for newbie like me, fear is part of emotion. newbie never trade emotionless. don't expect a newbie turn into pro in just 1 night
I do not expect anyone to turn in anything else……I just like for altruistic reasons to point out the way, at least my way...

You see…..you do not have to became emotionless to became a decent trader, you do not have to make yourself a different person, that it is a bit of BS… we are the way we are…... what one has to do in any kind of businesses and not only in trading, is to be aware of what it is counter-productive, emotions do not need to be nullified because they are also our great energy/creativity and resources, one has only to be aware of them(especially in trading), when they arise, your monitor them, give them respect, acknowledge them, feel them…. do not react to them (just follow your plan), they are part of what we are and they want to be considered,….if you do, they will subdue and work with you instead of against you….. If you think you can control them and place them in some kind of boxes, they will make you very little….

This is what a trader needs to work on, all the rest is just cheap propaganda….Only my humble view…..
Wherever you go, there you are.
  • #863,511
  • Dec 14, 2013 4:16am Dec 14, 2013 4:16am
Quoting giveachance
{quote} You are 100% right. even i make the mistake of closing early. just need to get some medicine for patience
We are due for some big moves soon.
TMMMBBBBBBBEERRRRRRRR!!!

http://fxtop.com/php/imggraph.php?C1...&MM3M=0&MM1Y=0
  • #863,512
  • Dec 14, 2013 4:18am Dec 14, 2013 4:18am
Quoting milam
{quote} I do not expect anyone to turn in anything else……I just like for altruistic reasons to point out the way, at least my way... You see…..you do not have to became emotionless to became a decent trader, you do not have to make yourself a different person, that it is a bit of BS… we are the way we are…... what one has to do in any kind of businesses and not only in trading, is to be aware of what it is counter-productive, emotions do not need to be nullified because they are also our great energy/creativity and resources, one has only to be...
Some advice that was helpful to me that I might pass along (as an addition to your reply)...don't watch your trade all day long. You might miss getting out a few points early when your exit signal comes along but in the long run it's worth it not to stress over these things. If I stare at my computer screen while price is interacting with my entry price and creeping up to my stop-loss, then I start to sweat and fret even over the piddly amount of risk I put up. Sometimes when I do watch it, price gets really close and I've already mentally capitulated. Without a plan I'm tempted to salvage what's left of my stake; following the plan, I don't act on these impulses. It's just part of the innate gambler nature some of us have lurking below the surface which can pop up and cause mental health issues if you don't keep them in check. Also, don't trade tiny time frames if you do. Not only is the spread a much larger part of any trade percentage wise, any novice is almost guaranteed to turn into a gambler picking up that habit.
  • #863,513
  • Dec 14, 2013 4:21am Dec 14, 2013 4:21am
Quoting ud1nh0
{quote} pro always knows which long term direction and have the backup plan. newbie did not. thats why, closing early in profit for newbie is understandable. fearing to enter trade is understandable. that non understandable for newbie is entering trades without sl and go wrong but not cutting it afer more than 1 year.
I do not agree. Big Boys/Pro have no idea, even in long term. The best they can do is guess, base on any method that they believe. Let suppose, you are responsible for a big hedge account portfolio. You are holding euro since Jun 2013, now its 1.37xx level, you have a chart, somehow forecast downfall between Feb-Mar 2014. Will you sold your euro now? or tomorrow? or Jan 2014? what IF they wrong? It is not easy for them, and it is not easy for us too.
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Don't blame the tools. Blame the carpenter.
  • #863,514
  • Dec 14, 2013 4:23am Dec 14, 2013 4:23am
Quoting KecoaKecil
{quote} I do not agree. Big Boys/Pro have no idea, even in long term. The best they can do is guess, base on any method that they believe. Let suppose, you are responsible for a big hedge account portfolio. You are holding euro since Jun 2013, now its 1.37xx level, you have a chart, somehow forecast downfall between Feb-Mar 2014. Will you sold your euro now? or tomorrow? or Jan 2014? what IF they wrong? It is not easy for them, and it is not easy for us too. {image}
It's much easier actually. They have at least two things going on in their favor:

1) Personal connections to other bigwhigs, which affords early insider information. Insider trading isn't illegal in currency markets.
2) Very large funds which can be used to directly move price.

To say it's as hard for the smartmoney to profit as it is for us to profit is an innocent but naive statement.
  • #863,515
  • Dec 14, 2013 4:27am Dec 14, 2013 4:27am
Quoting milam
{quote} I do not expect anyone to turn in anything else……I just like for altruistic reasons to point out the way, at least my way... You see…..you do not have to became emotionless to became a decent trader, you do not have to make yourself a different person, that it is a bit of BS… we are the way we are…... what one has to do in any kind of businesses and not only in trading, is to be aware of what it is counter-productive, emotions do not need to be nullified because they are also our great energy/creativity and resources, one has only to be...
yes. controlling and seizing fear into locked cell will result counter productive.
i remember one of my mentor saying do not be affraid of missed the train.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #863,516
  • Dec 14, 2013 4:33am Dec 14, 2013 4:33am
Quoting giveachance
{quote} You are 100% right. even i make the mistake of closing early. just need to get some medicine for patience
It's a game of the mind vs the magic of price action.. even the best players are tricked out of good positions by the market.. For S/T players a "set, forget & take your eye off the screen" approach as mentioned by our friend Kanzler may help.. while long distance players looking for those occasional big paydays must over come the stress of counter rally, sit & accumulate as long as the M/T trend is intact.. a very hard counter human trait with most giving up too early & watch the market run away..

ud1nh0.. all of us start as noobs, pay our dues to the market, hopefully learn from our mistakes & improve our method & mind over time if we survive the game.. there's no short cut to this conventional process except for the very rare few who are born & blessed with the counter-human trading mindset..
  • #863,517
  • Dec 14, 2013 4:35am Dec 14, 2013 4:35am
Quoting Kanzler
{quote} Some advice that was helpful to me that I might pass along (as an addition to your reply)...don't watch your trade all day long. You might miss getting out a few points early when your exit signal comes along but in the long run it's worth it not to stress over these things. If I stare at my computer screen while price is interacting with my entry price and creeping up to my stop-loss, then I start to sweat and fret even over the piddly amount of risk I put up. Sometimes when I do watch it, price gets really close and I've already mentally...
Yes...

But do not agree completely on the smaller TF, yes it will bring more stress and it is more difficult to manage due to the fact that emotions come to knock on the door constantly…..but if is managed can bring greater potential……You see... once you deal with your emotions on the bigger TF, then it will be much easier to deal with much more stress in the shorter TF, due to the fact that the mind already knows his prints/path…..
Wherever you go, there you are.
  • #863,518
  • Dec 14, 2013 4:36am Dec 14, 2013 4:36am
Quoting ud1nh0
{quote} yes. controlling and seizing fear into locked cell will result counter productive. i remember one of my mentor saying do not be affraid of missed the train.
Shalat maghrib dulu mang udin, berdo'a sama Allah SWT semoga tiap hari bisa profit
Dangdut is a music of my country
  • #863,519
  • Dec 14, 2013 4:39am Dec 14, 2013 4:39am
Quoting KecoaKecil
{quote} I do not agree. Big Boys/Pro have no idea, even in long term. The best they can do is guess, base on any method that they believe. Let suppose, you are responsible for a big hedge account portfolio. You are holding euro since Jun 2013, now its 1.37xx level, you have a chart, somehow forecast downfall between Feb-Mar 2014. Will you sold your euro now? or tomorrow? or Jan 2014? what IF they wrong? It is not easy for them, and it is not easy for us too. {image}

different opinion is understandable.
im trying of not to be affraid of missed train and focusing on setup.

about big boys. i think they already hold that since 0.85 the cheapest.
in my view, its not about currency exchange value but rather they save their dollars at gold n euro then going to spend it on any instrument.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #863,520
  • Dec 14, 2013 4:40am Dec 14, 2013 4:40am
Quoting NuNix
{quote} Shalat maghrib dulu mang udin, berdo'a sama Allah SWT semoga tiap hari bisa profit

hahahahaha
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
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