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  • #880,361
  • Mar 3, 2014 12:04am Mar 3, 2014 12:04am
I love my luck too....
When I decide to close it at BE...
It move down further ...
When I didn't closed it at BE earlier it move back up like 2x...
This is soooo funny!
  • #880,362
  • Mar 3, 2014 12:12am Mar 3, 2014 12:12am
Quoting aarontdang
I love my luck too.... When I decide to close it at BE... It move down further ... When I didn't closed it at BE earlier it move back up like 2x... This is soooo funny!
Testing your patience. .. Can you handle it?
All posts are my personal opinion
  • #880,363
  • Mar 3, 2014 12:13am Mar 3, 2014 12:13am
Quoting aarontdang
{quote} 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
Before you decide to do anything, try to understand what Pipinstein is trying to say. There is much more detail to what Pipin has said, but I believe he could not possibly summarize it all in a single post. Try to understand the concept he shared with you.

Like he said, this market moves in cycles, but you never know how big or small this cycle is going to be. However, there are small cycles in big cycles and therefore, like he said, one has to have a timeframe to trade on. Another thing is no one can carry a losing trade for thousands of pips, no matter how small the position size maybe, plus you cannot put all your money on one trade and wait months for it to either show BE or profit. You need to have a stoploss mechanism of whatever nature you think appropriate to close useless trades and look for newer opportunities.

If you keep on closing your losing trades as soon as they achieve break-even or show small profit, your profits will be much lower than your losses and someday you will exhaust all your funds. Decide your tp and sl and stick to it, unless something exceptional happens.

In nutshell, carry a portfolio of several tiny trades instead of putting all your eggs in one basket. Keep on opening new trades when old ones hit tps or sls.

Just an advice.
The Thief of Wall Street
  • #880,364
  • Mar 3, 2014 12:21am Mar 3, 2014 12:21am
Quoting Chicky
{quote} Before you decide to do anything, try to understand what Pipinstein is trying to say. There is much more detail to what Pipin has said, but I believe he could not possibly summarize it all in a single post. Try to understand the concept he shared with you. Like he said, this market moves in cycles, but you never know how big or small this cycle is going to be. However, there are small cycles in big cycles and therefore, like he said, one has to have a timeframe to trade on. Another thing is no one can carry a losing trade for thousands of...

All I'm saying is that if you do the opposite of what I do ...
You will guarantee to make $
I know the market have cycle.
Most small timeframes have W (closed to it)
That's what i'm aiming for ... but I meant
My luck just shitty....
As soon as I close it ..2 minutes later it went down more...
I have 2 chances of closing even earlier.. I didn't took it.
The timing of my open and closing trade is random...
Then why the heck is always happen to me like that lol
  • #880,365
  • Mar 3, 2014 12:25am Mar 3, 2014 12:25am
Quoting aarontdang
I love my luck too.... When I decide to close it at BE... It move down further ... When I didn't closed it at BE earlier it move back up like 2x... This is soooo funny!
It actually sounds to me like you don't actually have a concrete trading plan or even back tested your current strategy.

Maybe it's time to step back and reassess your strategy. If you have a plan with a set criteria as to when to make a position which has been back tested, you wouldn't be constantly talking about luck or even doubting your trades at all.

Any trade that did not go according to plan and with the preset criteria would merely be a standard deviation. A concrete trading plan when extrapolated to infinity should still leave you in the green.
  • #880,366
  • Edited 12:53am Mar 3, 2014 12:28am | Edited 12:53am
Quoting aarontdang
{quote} All I'm saying is that if you do the opposite of what I do ... You will guarantee to make $ I know the market have cycle. Most small timeframes have W (closed to it) That's what i'm aiming for ... but I meant My luck just shitty.... As soon as I close it ..2 minutes later it went down more... I have 2 chances of closing even earlier.. I didn't took it. The timing of my open and closing trade is random... Then why the heck is always happen to me like that lol
Your luck is not shitty, nor is your trading. All you need is to let your profitable trades hit their intended tps. You are closing your profitable trades too soon but losing trades too late. Based on my experience, it happens only if one is holding a huge position. Reduce your trade size and you will be a winner. Like I always say, Keep Your Positons as Small as Possible.

ps. See how much money you have paid in spreads on your small gains? Your graph would have been way above the BE line if you had done the same with the winners what you did with losers.
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The Thief of Wall Street
  • #880,367
  • Mar 3, 2014 12:28am Mar 3, 2014 12:28am
Quoting Esssex
{quote} It actually sounds to me like you don't actually have a concrete trading plan or even back tested your current strategy. Maybe it's time to step back and reassess your strategy. If you have a plan with a set criteria as to when to make a position which has been back tested, you wouldn't be constantly talking about luck or even doubting your trades at all. Any trade that did not go according to plan and with the preset criteria would merely be a standard deviation. A concrete trading plan when extrapolated to infinity should still leave you...
To be honest... I know my luck is really bad..
I didn't plan on to make $ on this account
I just used it as a loss to make $ on other accounts

Think about it .. holding short on EUR/USD doesn't look good now .....

If backtesting your system work ... 99% wouldn't lose $$$.

I admit that the only reason i'm losing is because I didn't have a sizable stop loss in place.
Even with all this bad luck trading.
  • #880,368
  • Mar 3, 2014 12:32am Mar 3, 2014 12:32am
Quoting aarontdang
{quote} All I'm saying is that if you do the opposite of what I do ... You will guarantee to make $ I know the market have cycle. Most small timeframes have W (closed to it) That's what i'm aiming for ... but I meant My luck just shitty.... As soon as I close it ..2 minutes later it went down more... I have 2 chances of closing even earlier.. I didn't took it. The timing of my open and closing trade is random... Then why the heck is always happen to me like that lol
in my opinion; look at your "greed levels", perhaps you have the opportunity to close a trade with a decent profit BUT you still want more and more everytime so you never close it.. some time later market fliped direction and *poof* you lost your opportunity..! work with fixed levels instead of intuition and put your feelings and greed to sleep
K.I.S.S.
  • #880,369
  • Edited 12:46am Mar 3, 2014 12:32am | Edited 12:46am
Usually Monday Asia is confused zone.(that's true every Asia trading day)
London open should clear things up which way she wants to go.
Not being racist but Asian culture in General are followers and not leaders.Asians teach obedience,respect of elders,traditions etc.West teaches Independent thinking,independent actions,thinking out of box,seeking impossible to make it possible .Almost all important discoveries were made in West from Electricity to TV,Radio,Radar,Microwave, PC, Telephone,telegraph etc (not even going to mention discoveries in sciences)and modified in the East.
Same now.In trading London NY rule and Asia holding the tail end of things.So if prices is going up now on Asian session I consider that ineptness to act contrary.In Short no balls.
In trading, you have to be defensive and aggressive at the same time
  • #880,370
  • Mar 3, 2014 12:33am Mar 3, 2014 12:33am
Good day companions, I have not been here for a while, I trust it is all well with you, lets see if we can make some bucks today.
Wherever you go, there you are.
  • #880,371
  • Mar 3, 2014 12:38am Mar 3, 2014 12:38am
Spanish Manufacturing PMI
Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar -
early market reaction is usually a result of trades made by these subscribers.
Above 50.0 indicates industry expansion, below indicates contraction;

I just know this
  • #880,372
  • Mar 3, 2014 12:39am Mar 3, 2014 12:39am
Quoting milam
Good day companions, I have not been here for a while, I trust it is all well with you, lets see if we can make some bucks today.
How did you bribe your wife to come back here?
The Thief of Wall Street
  • #880,373
  • Mar 3, 2014 12:41am Mar 3, 2014 12:41am
Quoting aarontdang
{quote} To be honest... I know my luck is really bad.. I didn't plan on to make $ on this account I just used it as a loss to make $ on other accounts Think about it .. holding short on EUR/USD doesn't look good now ..... If backtesting your system work ... 99% wouldn't lose $$$. I admit that the only reason i'm losing is because I didn't have a sizable stop loss in place. Even with all this bad luck trading.
Whatever floats your boat.

If you like to blame everything on luck then kudos to you. If you think back testing is bull, then kudos to you. If you think 99% of people even bother to back test their strategies, kudos to you.

Fancy blaming everything on luck when it's just shitty account management and strategy. Putting down the ability to manage and improve favorable statistical probabilities while putting all responsibility on luck is an outrage to all profitable traders.

I'm so done here, shall just wait for the real traders to come to sneak a preview of their price levels for comparisons.
  • #880,374
  • Mar 3, 2014 12:44am Mar 3, 2014 12:44am
Quoting Davit
Usually Monday Asia is confused zone. London open should clear things up which way she wants to go. Not being racist but Asian culture in General are followers and not leaders.Asians teach obedience,respect of elders,traditions etc.West teaches Independent thinking,independent actions,thinking out of box,seeking impossible to make it possible .Almost all important discoveries were made in West from Electricity to TV,Radio,Radar,Microwave, PC, Telephone,telegraph etc (not even going to mention discoveries in sciences)and modified in the East. Same...
Me too is no racist, one reason married one woman ............................................... from each continent, total 5.
The Thief of Wall Street
  • #880,375
  • Mar 3, 2014 12:46am Mar 3, 2014 12:46am
very busy fundamental day, lets see how it pans out.
I am smart than average trader, I simply copy the best.
  • #880,376
  • Mar 3, 2014 12:47am Mar 3, 2014 12:47am
shorted EU expecting it to be down big time but looks like not much happening.
  • #880,377
  • Mar 3, 2014 12:51am Mar 3, 2014 12:51am
Quoting Chicky
{quote} Me too is no racist, one reason married one woman ............................................... from each continent, total 5.
Its obvious Asia does not have balls to decide.

I watched documentary of Japanese men in their 30's and 40's dating virtual girls and have difficulty deciding if real girl is better then cartoon on their pc

http://online.wsj.com/news/articles/...209658940.html
Only in Japan, Real Men Go to a Hotel With Virtual Girlfriends
In trading, you have to be defensive and aggressive at the same time
  • #880,378
  • Mar 3, 2014 12:51am Mar 3, 2014 12:51am
Quoting goldfinger
shorted EU expecting it to be down big time but looks like not much happening.

I shorted it @ 1.3777 too ....
Everyone shorted already ...
So maybe that's why price won't go down further?
  • #880,379
  • Mar 3, 2014 12:52am Mar 3, 2014 12:52am
Good Morning !
Morning Call - Squawk recording
https://soundcloud.com/user193104260...all-03-03-2014
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #880,380
  • Mar 3, 2014 12:54am Mar 3, 2014 12:54am
Quoting Chicky
{quote} How did you bribe your wife to come back here?
I told her she would get a Maserati.
Wherever you go, there you are.
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