About the course | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Which FX Trading Course/System is Good for newbies? 41 replies

How to choose a course/mentor 7 replies

A Self-Help Crash Course for Traders 14 replies

Metatrader 4 Development Course 3 replies

4X course recommendations 9 replies

Attachments: About the course
Exit Attachments

About the course

  • #741
  • Apr 22, 2014 9:44am Apr 22, 2014 9:44am
Quoting Polaris4dy
{quote} yeap! I'm also shorting GBPUSD and GBP NZD..will close soon too.. yeah, currency and commodity&stocks should be quite different...coz currency is 2 ways, other instruments only 1 way...in a sense it is harder for currency to sustain a long term trend than commodity/stocks and also, I remember I used to read somewhere people say that for stocks n commodities, price fall quicker than it rises cos fear>greed...very good point and you got it exactly right bro! I'm trying very very hard to hold long term short in crude oil now...profit is currently...
.. well done bro.. u rock!!.. .. anyway, i will see and try to look for a reason to long at 1278 too (after my trade is closed.. oanda do not permit hedging.. so must close trade before taking a reverse trade of the same counter..
  • #742
  • Apr 22, 2014 9:45am Apr 22, 2014 9:45am
Quoting vaknineyal
{quote} That is my only big problem ... I am taking profit to early (emotions). its like I more afraid to take profit then loss money, any Idea how to get raid from this habit ?
===================
use Trailin stop imho and do sumetin Else away from puter
  • #743
  • Apr 22, 2014 9:49am Apr 22, 2014 9:49am
Quoting vaknineyal
{quote} That is my only big problem ... I am taking profit to early (emotions). its like I more afraid to take profit then loss money, any Idea how to get raid from this habit ?
me too...I'm having the same problem...most traders do have this problem too..
the only way to get rid of this is to be confident with your own position...the way to be confident is to learn and work hard
I'm grateful to met so many good traders in this forum who are willing to share and help. Now I'm slightly more confident than before.
  • #744
  • Apr 22, 2014 9:49am Apr 22, 2014 9:49am
The USD bears and Gold Bulls are starting to jump on.
  • #745
  • Apr 22, 2014 9:53am Apr 22, 2014 9:53am
Quoting VonBoyan
{quote} .. well done bro.. u rock!!.. .. anyway, i will see and try to look for a reason to long at 1278 too (after my trade is closed.. oanda do not permit hedging.. so must close trade before taking a reverse trade of the same counter..
previously I was using MT5, they dun allow hedging too (actually there's really no point in hedging, we're just giving more commission to broker by doing that)
then I switch to MT4 because then I can treat each trade separately. maybe it helps to separate "long term and small" position from short and fast trade/scalp
I'll try to enter a very tiny long at 1278 and slowly build up position every 5dollar drop till 1260.. just to diversify the risk
  • #746
  • Apr 22, 2014 9:53am Apr 22, 2014 9:53am
Quoting Nitsan_Levi
{quote} See this pic... short now buy later,,, I wait for the buy...and I wait to see that in this buy price that small time frame also look nice for buy {image}
Thanks Nitsan, I got profit 1,
Incredible, and non believable,

Amazing, Tell me Nitsan how you possible know that it will ho to 1280, you are fantastic, Are you magician

any way thanks alot
  • #747
  • Apr 22, 2014 10:06am Apr 22, 2014 10:06am
Quoting vaknineyal
{quote} That is my only big problem ... I am taking profit to early (emotions). its like I more afraid to take profit then loss money, any Idea how to get raid from this habit ?
hey there mate.. dun worry.. u are not alone, for sure..i am not a great trader, just a normal one trying to earn a decent living but if i may say something..

firstly.. pips777 said is correct.. use trailing stops on profitable trades while setting your SL to BE.. that should get rid of much of the emotions aside.. when your trailing stop got hit.. u will find that it is the same thing when u close prematurely.. (at least thats how i feel it last time)..
another way is set SL and TP and dun look at that counter anymore. try to prowl on other counters for any possible trade set ups..
if u are discipline in money management.. eg: risk 2% to 5% on each trade and only taking 2 or 3 trades at one time.. and set your RR to 1:1 (at least).. then, u will get much of the worries out of your mind on that trade/s and use your concentration on other possible trade set ups.. or simply, like pips777 said.. just walk away from the pc..
it is not easy to do it but u need practise this often.. overtime.. u will find it more managable in your daily trading.. i know because i did that last time.. so sorry.. if my opinion does not fit to u.. just another normal trader giving opinion to another.. cheers mate!
  • #748
  • Apr 22, 2014 10:28am Apr 22, 2014 10:28am
Quoting VonBoyan
{quote} hey there mate.. dun worry.. u are not alone, for sure..i am not a great trader, just a normal one trying to earn a decent living but if i may say something.. firstly.. pips777 said is correct.. use trailing stops on profitable trades while setting your SL to BE.. that should get rid of much of the emotions aside.. when your trailing stop got hit.. u will find that it is the same thing when u close prematurely.. (at least thats how i feel it last time).. another way is set SL and TP and dun look at that counter anymore. try to prowl on...
Thanks mate, my strategy is very simple and work for me very well, I am not risking more then 5% and no more more then 2 trades on the same time (that I am doing already long time), most of the time my strategy give RR 1:2 but I fail with that specially after I loss trade, or stupid thing I do I move the SL to BE too early.

Yes the solution is to put the order and leave the computer, Its should not be a problem since its always pending order ... well lots of work for me.

Thanks you all for advice.
  • #749
  • Apr 22, 2014 10:41am Apr 22, 2014 10:41am

  1. http://assets.forexfactory.net/nfs/c...ar368649_5.gif pips777
  2. | New Member | Status: Mem | Online Now

= http://screencast.com/t/yCpsBZDgyi

1247.77 = Allah Hafiz Dost
======================================
oh mama here we go

  • #750
  • Apr 22, 2014 10:44am Apr 22, 2014 10:44am
closed 1.5 lot out of 2 now @.@... Holding 0.5 lot left of shorting gold. Shall i unload it now as well or wait a bit more ?

BTW, thank you Nitsan for financing my trip to Japan =)))
  • #751
  • Apr 22, 2014 10:44am Apr 22, 2014 10:44am
Quoting pips777
{image} pips777 | New Member | Status: Mem | Online Now = http://screencast.com/t/yCpsBZDgyi 1247.77 = Allah Hafiz Dost ====================================== oh mama here we go
what is that about? the west re-igniting tension with russia?
  • #752
  • Apr 22, 2014 10:45am Apr 22, 2014 10:45am
hey Polar big guy.. my TP got hit and small long from 1278 also hit.. ind clean today closed my GBP trade with a little profit.. nice and clean for me today.. gtg.. thats it for my trading.. u take care and good trades to u and to the rest too..cheers!
hey vaknineyal bro..no worries.. we are all in this together.. we are all brothers by trade.. cheers mate!!// u rocks too!!
  • #753
  • Apr 22, 2014 10:48am Apr 22, 2014 10:48am
Quoting VonBoyan
hey Polar big guy.. my TP got hit and small long from 1278 also hit.. ind clean today closed my GBP trade with a little profit.. nice and clean for me today.. gtg.. thats it for my trading.. u take care and good trades to u and to the rest too..cheers! hey vaknineyal bro..no worries.. we are all in this together.. we are all brothers by trade.. cheers mate!!// u rocks too!!
you rocks bro! happy for you! go take a rest and enjoy your day
  • #754
  • Apr 22, 2014 11:13am Apr 22, 2014 11:13am
Come on break the 1H SMA14. I wanna go have some fun.
  • #755
  • Apr 22, 2014 2:32pm Apr 22, 2014 2:32pm
Nitsan, do you think this will go back lower to 1270? Or are we now going for 13XX ?
  • #756
  • Apr 22, 2014 10:19pm Apr 22, 2014 10:19pm
Whoooa I just missed the opprotunity to go long last night, set my buy limit @1275 but it wasn't got hit, wait for a better price to go long, now I'll be watching the market

Btw anyone has opinion on UJ? I set my sell limit @102.8 last night
  • #757
  • Edited 3:09am Apr 23, 2014 1:25am | Edited 3:09am
Its falling and I have no clue whether to take profit now or will it go back higher. I'm worried its still going to try to hit 1270. All positions protected with BE stop loss, but nonetheless, I would hate to let all this profit go. On the other hand it might form a W pattern (double bottom) on Daily chart. This could mean a steady climb to 1400 within a couple of weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1012067_XAUUSD_2014-04-23_11-05-16.png Size: 132 KB
  • #758
  • Apr 23, 2014 3:54am Apr 23, 2014 3:54am
very strong pivot and 200 300 400 SMA on M5, good USA data today and tomorrow can fall down gold to 1260, there is my tp2 (fibo cluster and "flag" near 1300), tp1 - retest double bottom on daily
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 61 KB
  • #759
  • Apr 23, 2014 4:04am Apr 23, 2014 4:04am
Hi guys a trade from me today.We got a third touch of the trend line and a pivot point at the same area. I have a small short with take profit at 200 or 300 SMA.Any comments welcomed.
Trade safe.Z
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2014-04-23-10-01-26.png Size: 156 KB
  • #760
  • Apr 23, 2014 4:04am Apr 23, 2014 4:04am
Quoting Mrdj
very strong pivot and 200 300 400 SMA on M5, good USA data today and tomorrow can fall down gold to 1260, there is my tp2 (fibo cluster and "flag" near 1300), tp1 - retest double bottom on daily{image}{image}
yet again looks like another bearish flag...maybe to 1272 area
5 traders viewing now