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Bad Trade Thread, Lets Talk About It

  • #81
  • Feb 6, 2014 2:32pm Feb 6, 2014 2:32pm
may be i should have opened this thread myself
another one
after touching my SL at breakeven, price turned up. how is it possible that price turns up at the exact point of my SL. i could accept if it would move at least 10-20 pips at the opposite direction. but no. reverses immediatelly.
am i so lucky that i know the exact turning point and so unlucky to put my SL there
or does it happen to everyone else?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU 131002.jpg Size: 236 KB
Click to Enlarge Name: AU 131002x.png Size: 88 KB
  • #82
  • Feb 6, 2014 3:01pm Feb 6, 2014 3:01pm
Quoting Arel
may be i should have opened this thread myself another one after touching my SL at breakeven, price turned up. how is it possible that price turns up at the exact point of my SL. i could accept if it would move at least 10-20 pips at the opposite direction. but no. reverses immediatelly. am i so lucky that i know the exact turning point and so unlucky to put my SL there or does it happen to everyone else? {image} {image}
lol It happens. If you are quick and confident you can always re-enter on an inside bar break. Easy to say, hard to remember when you're cursing.
  • #83
  • Feb 6, 2014 3:08pm Feb 6, 2014 3:08pm
Quoting calderone
{quote} hard to remember when you're cursing.
  • #84
  • Feb 7, 2014 7:41pm Feb 7, 2014 7:41pm
Bad trade..... the cowardly lion bit me on the ass for -20
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Click to Enlarge Name: bad.png Size: 46 KB
When the Joker is in the deck.. fear not and play it well
  • #85
  • Feb 7, 2014 7:44pm Feb 7, 2014 7:44pm
better trade but not up to par
in too late ... etc but +70

Ya' can't always do everything right.
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Click to Enlarge Name: better.png Size: 46 KB
When the Joker is in the deck.. fear not and play it well
  • #86
  • Apr 8, 2014 10:42am Apr 8, 2014 10:42am
So, i opened a short on AU 0.9334 thinking that this will be masterstroke and a good first attempt at a counter trend trade which will make me a few pips. the hourly close was below 61.8 fib and i was feeling very assured like a good trader is supposed to but only a few minutes later the price broke the fib and my confidence in the trade, then it on 15M it closed over the hourly close and about that time i was thinking the same for my trade, close it. but i looked at the h4 chart and thought of waiting for the close of h4 bar. What should i really do
edit - a few seconds ago it made a new daily high !
A trade should be based on an assumption based on facts
  • #87
  • Last Post: Apr 8, 2014 11:04am Apr 8, 2014 11:04am
Quoting Mave
So, i opened a short on AU 0.9334 thinking that this will be masterstroke and a good first attempt at a counter trend trade which will make me a few pips. the hourly close was below 61.8 fib and i was feeling very assured like a good trader is supposed to but only a few minutes later the price broke the fib and my confidence in the trade, then it on 15M it closed over the hourly close and about that time i was thinking the same for my trade, close it. but i looked at the h4 chart and thought of waiting for the close of h4 bar. What should i really...
closed @ .9356
the few pips i was looking for happened the previous hour
A trade should be based on an assumption based on facts
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