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  • #880,341
  • Mar 2, 2014 8:54pm Mar 2, 2014 8:54pm
Quoting Matts Micro
{quote} What broker are you with? It doesn't sound legal. They can't close an order at a tick that is not reported on the chart. If a price during normal market hours gaps, the next tick will determine a SL,TP and open price. Many times I have had hanging trades that open monday beyond my TP and have received the full amount, same goes for my SL's too though.
  • #880,342
  • Mar 2, 2014 9:22pm Mar 2, 2014 9:22pm
Quoting aarontdang
{quote} I guess what really safe me is that. I have 3 accounts ... Small account test the water first like current in Trade Explorer! Bigger account wait for signal (since I know my luck are shit) Bigger Bigger One wait even more!
nothing to do with luck in trading.. you have no control of where the price will go...
it is highly likely that i'm wrong... so dont follow me!
  • #880,343
  • Mar 2, 2014 9:33pm Mar 2, 2014 9:33pm
Quoting flam
{quote} nothing to do with luck in trading.. you have no control of where the price will go...
When you enter a trade, if you got lucky it will go green.
if not, you will in red.
which one you rather be in first.
I think it's 50/50 chance.

3 Trades all wrong sides, isn't that bad luck?
  • #880,344
  • Mar 2, 2014 9:36pm Mar 2, 2014 9:36pm
Quoting flam
{quote} nothing to do with luck in trading.. you have no control of where the price will go...
................ and also no idea where the price will. The only idea you have is where your account balance will go if it makes a move in favor or against your position.
99.99% of us here pay 99.99% attention to where pa will go ...............................and only .01% of us have more than one wife.
The Thief of Wall Street
  • #880,345
  • Mar 2, 2014 9:46pm Mar 2, 2014 9:46pm
Quoting aarontdang
{quote} When you enter a trade, if you got lucky it will go green. if not, you will in red. which one you rather be in first. I think it's 50/50 chance. 3 Trades all wrong sides, isn't that bad luck?
3 trades within 6 hours of market open? You must be crazy. If I were you, I might have used these 3 trades in different timeframes (Tokyo, London, New York)
  • #880,346
  • Mar 2, 2014 9:48pm Mar 2, 2014 9:48pm
Quoting aarontdang
{quote} When you enter a trade, if you got lucky it will go green. if not, you will in red. which one you rather be in first. I think it's 50/50 chance. 3 Trades all wrong sides, isn't that bad luck?
Hey its sounds like you guys

really fucked up.

I feel the same way when I shit my pants
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  • #880,347
  • Mar 2, 2014 9:52pm Mar 2, 2014 9:52pm
Quoting aarontdang
{quote} When you enter a trade, if you got lucky it will go green. if not, you will in red. which one you rather be in first. I think it's 50/50 chance. 3 Trades all wrong sides, isn't that bad luck?
tiger woods spend years training, doctors/surgeons spend years honing their craft.

how much time have u devoted to forex trading?

u need 10,000hrs at leasts, google for 10,000hrs rule.
  • #880,348
  • Mar 2, 2014 9:54pm Mar 2, 2014 9:54pm
Quoting aarontdang
{quote} When you enter a trade, if you got lucky it will go green. if not, you will in red. which one you rather be in first. I think it's 50/50 chance. 3 Trades all wrong sides, isn't that bad luck?
It's bad voodoo.. loose only 1% and move on... take note what you did right and what you did wrong...
it is highly likely that i'm wrong... so dont follow me!
  • #880,349
  • Mar 2, 2014 9:58pm Mar 2, 2014 9:58pm
Quoting Magicmen
{quote} 3 trades within 6 hours of market open? You must be crazy. If I were you, I might have used these 3 trades in different timeframes (Tokyo, London, New York)
Kind of agree with this.

During the asian session, prices are not volatile unless there is news on relevant pairs, so even a scalp might take hours just to achieve, in which you can leverage higher and put tighter SLs above hi/low. Be more patient during the Asian session, a trade takes 2 hours or more to form don't be too quick to close.

London and NY though, is a whole different beast.
  • #880,350
  • Mar 2, 2014 10:03pm Mar 2, 2014 10:03pm
Quoting Chicky
{quote} ................ and also no idea where the price will. The only idea you have is where your account balance will go if it makes a move in favor or against your position. 99.99% of us here pay 99.99% attention to where pa will go ...............................and only .01% of us have more than one wife.
How is your wives? I saw one of your wives about to die.
You cannot learn better without losing
  • #880,351
  • Mar 2, 2014 10:06pm Mar 2, 2014 10:06pm
I can't tolerate G/U bullishness.
You cannot learn better without losing
  • #880,352
  • Mar 2, 2014 10:11pm Mar 2, 2014 10:11pm
Quoting Magicmen
{quote} 3 trades within 6 hours of market open? You must be crazy. If I were you, I might have used these 3 trades in different timeframes (Tokyo, London, New York)
Did you know that during Asian non volatile time?
It's the best time to scalp!
I made the most $ during this time.
and lose little $ too.
  • #880,353
  • Mar 2, 2014 10:18pm Mar 2, 2014 10:18pm
Quoting johnsmith78
{quote} tiger woods spend years training, doctors/surgeons spend years honing their craft. how much time have u devoted to forex trading? u need 10,000hrs at leasts, google for 10,000hrs rule.
I don't think it's about how much time you spent learning!
How many hours and people do you think big banks have spent on these?
and they still losing $$$? Number reason that people are losing is because of no stop loss.
and refuse to give up their positions. Why the hell most people said
even if it goes against me 200 pips I will be okie...
If you're wrong admit you're wrong!

I blew up this account 3x already and still haven't learn to admit I'm wrong.
  • #880,354
  • Mar 2, 2014 10:42pm Mar 2, 2014 10:42pm
I usually ignore fundamental news and just look at technicals. But, I can't see how the Euro is going to get bid up with Ukraine and Russia talking of going to war tonight. The Euro is a risk on currency, all this crap is going on right on the Euro Zone's borders, it could destabilize Europe and it's economy, and the USD is THE safe haven currency. Therefore, I'm going short and fully expect the Euro to make 200 plus pip rally tomorrow. lol
Yay! Pips for everyone!
  • #880,355
  • Mar 2, 2014 10:42pm Mar 2, 2014 10:42pm
Quoting johnsmith78
{quote} tiger woods spend years training, doctors/surgeons spend years honing their craft. how much time have u devoted to forex trading? u need 10,000hrs at leasts, google for 10,000hrs rule.
I want to excel Kama Sutra. What should I do?
The Thief of Wall Street
  • #880,356
  • Mar 2, 2014 10:53pm Mar 2, 2014 10:53pm
Quoting Chicky
{quote} I want to excel Kama Sutra. What should I do?
LMAO
Yay! Pips for everyone!
  • #880,357
  • Mar 2, 2014 11:08pm Mar 2, 2014 11:08pm
Quoting aarontdang
{quote} When you enter a trade, if you got lucky it will go green. if not, you will in red. which one you rather be in first. I think it's 50/50 chance. 3 Trades all wrong sides, isn't that bad luck?
I can tell you, it's not 50/50. I've been trading 30 years plus and you can recover from any bad entry. It takes work and disipline but it can be done. 1st off if your panicking or margined out over a 100 pip move that's your 1st mistake, you're over leveraged. You should not think your going to get rich or increase your account with 1 trade. Price moves in cycles, up cycles, down cycles. These can best be seen with stochastics, goggle cyber cycles, cycle_kroufr. Look at stochastics, when they are below the 20 line you are entering buy territory so accumulate. Generally when we you see stochastics above 80 you need to be distributing, EVEN IF YOUR ARE AT A LOSS. Just remember, accumulating on 1 timeframe is distribution on another timeframe. pick your timeframe and stay with it. Each timeframe has a TP, You're generally not going to get 200 pips on a 1min or 5 min timeframe.
There are plenty of examples in charts of fixing bad entries, study your charts, if you shorted a breakout, most of the time you can close it for breakeven or even a small loss when it retraces to the breakout. The point is don't freak out when it goes against you but realize that you are wrong and wait for the opportunity to fix it, don't stay stubborn (and later blame the MM or whatever) and add to you're position.
Without a trade plan, say bye bye to your account & hello to frustration.
  • #880,358
  • Mar 2, 2014 11:17pm Mar 2, 2014 11:17pm
Quoting aarontdang
{quote} Did you know that during Asian non volatile time? It's the best time to scalp! I made the most $ during this time. and lose little $ too.
Bro.. apparently it isn't working for you.. at 7% loss now you can only have less than 10 mistakes before you can't open a trade the same size.. you already made 3 as you've claimed..
it is highly likely that i'm wrong... so dont follow me!
  • #880,359
  • Mar 2, 2014 11:41pm Mar 2, 2014 11:41pm
Quoting PipinStein
{quote} I can tell you, it's not 50/50. I've been trading 30 years plus and you can recover from any bad entry. It takes work and disipline but it can be done. 1st off if your panicking or margined out over a 100 pip move that's your 1st mistake, you're over leveraged. You should not think your going to get rich or increase your account with 1 trade. Price moves in cycles, up cycles, down cycles. These can best be seen with stochastics, goggle cyber cycles, cycle_kroufr. Look at stochastics, when they are below the 20 line you are entering buy territory...

I shoulda close my position 15-25 mins ago when it hit break even
Oh well.. let's see if the war really started


hum.. should I close the position now ... it take a chance for it to dive down to 169.50
  • #880,360
  • Mar 2, 2014 11:57pm Mar 2, 2014 11:57pm
Quoting flam
{quote} forget about news and sentiment... it does not help in short term trades... I have MC because theoretically, if USD starts to print less USD, it should be valued higher. It is currently more than 500 pips higher than oct, since the announcement.. listen to the seasoned traders (not me).. this is what you need to succeed... 1) find the target price (what ever voodoo) 2) find your stop loss (you can use the same voodoo) 3) size it to risk only 1% 4) repeat... if you are not earning, you need to change your voodoo.... cheers...
lol i love this.
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