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  • #912,581
  • Jul 25, 2014 12:47pm Jul 25, 2014 12:47pm
[quote=farenheight9;7631899]
Quoting Magicmen
{quote} Final arrangement Pending long at 3399 Set SL=3380 on all open longs (including @3429) - Calculated based on hedged profit. If SL hit, no profit no gain this week. Expecting EU to close above @3450 Have a great weekend. I got long weekend (Including Monday). GL. CYA[/quote i'll probably set a S/L this week-end too .. But its hard to accept you're wrong .. Especially when all the hard work you've done in one month is gone in three trade !!!
Can't agree more had to take a 800 pip loss 3 days ago but over came it reforming, learning and turning a negative into a positive.
>_<
  • #912,582
  • Jul 25, 2014 1:06pm Jul 25, 2014 1:06pm
Quoting FXSayWhat
Just some thoughts before weekend is here and get ready for a new trading week next week... So I kept telling and have been telling traders that he must have stop during trading; However, more than 90% the time, I was ignored. Below is an example I pulled from one of the LIVE fellow traders here (i have his system name removed of course). More than 30 days worth of consistent gain got eaten away due to no stop and poor trade management in the past two days or so. {image} I too have suffered large drawdown due to no stop protection in earlier trading...
i like to thank you Fxsaywhat too for the very true words.
i had a similar equity chart. and i wanna share too.

one must know what he's doing when he's trading with real money. or better don't trade.

which is more painful? realized loss or unrealized loss?

i'd say, both aren't not as painful as trading luck with real money.
Attached Image (click to enlarge)
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  • #912,583
  • Jul 25, 2014 1:14pm Jul 25, 2014 1:14pm
I don't think there should ever be a gamble to decide on trade. I guess some what consider it a gamble but if done properly its a probability factor.
>_<
  • #912,584
  • Jul 25, 2014 1:19pm Jul 25, 2014 1:19pm
Quoting FXSayWhat
Just some thoughts before weekend is here and get ready for a new trading week next week... So I kept telling and have been telling traders that he must have stop during trading; However, more than 90% the time, I was ignored. Below is an example I pulled from one of the LIVE fellow traders here (i have his system name removed of course). More than 30 days worth of consistent gain got eaten away due to no stop and poor trade management in the past two days or so. {image} I too have suffered large drawdown due to no stop protection in earlier trading...
I agree. Closing bad trades is more important than closing good trades. Every entry needs an exit plan, where the trader is ready to give up on the trade and close with a loss for more potential profit in the future.
Everyone can see the chart, but only a few can actually read it.
  • #912,585
  • Edited 1:51pm Jul 25, 2014 1:29pm | Edited 1:51pm
Quoting FXSayWhat
Just some thoughts before weekend is here and get ready for a new trading week next week... So I kept telling and have been telling traders that he must have stop during trading; However, more than 90% the time, I was ignored. Below is an example I pulled from one of the LIVE fellow traders here (i have his system name removed of course). More than 30 days worth of consistent gain got eaten away due to no stop and poor trade management in the past two days or so. {image} I too have suffered large drawdown due to no stop protection in earlier trading...
it could be worse...check out the money management on this one. it got pretty quiet lately. the most likely blowup here, starts with charts like this. the names are withheld to protect the neuron challenged. dropping since jan 1
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #912,586
  • Jul 25, 2014 1:33pm Jul 25, 2014 1:33pm
Hi all,

€ seems to be ill , for a long time now
The best thing that can happen to you is to find out where you're wrong.
  • #912,587
  • Jul 25, 2014 1:36pm Jul 25, 2014 1:36pm
Quoting gatorinla
{quote} it could be worse...check out the money management on this one. it got pretty quiet lately. the most likely blowup here, start with charts like this. the names are withheld to protect the neuron challenged. dropping since jan 1 {image}
having an annualized return of 100% isn't bad at all.. is that on a live account?

i wonder why the graph has an exponential decline..
  • #912,588
  • Jul 25, 2014 1:43pm Jul 25, 2014 1:43pm
good day,

Strong divergence on the daily. May have a positive day on Monday/Tuesday next week to snap back. Then possible to continue south...

Trade plan to long for a contra scalp. Then join shorts.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 73 KB
  • #912,589
  • Jul 25, 2014 1:52pm Jul 25, 2014 1:52pm
Quoting Driver55
Hi all, € seems to be ill , for a long time now
hello. glad to see u here.
those who can, do. those who cant, talk about those who can
  • #912,590
  • Jul 25, 2014 1:54pm Jul 25, 2014 1:54pm
Quoting vector0
{quote} having an annualized return of 100% isn't bad at all.. is that on a live account? i wonder why the graph has an exponential decline..
cause its a drop of equity... not a good thing
those who can, do. those who cant, talk about those who can
  • #912,591
  • Jul 25, 2014 2:23pm Jul 25, 2014 2:23pm
Endoephemera is celebrating his birthday week with a +50% and getting drunk.
You think he should get out of his small short currently at 1.3443 due to some silly increase at the bottom??

Guys help out Endoephemera.
Practitioner of the cryptic trading arts
  • #912,592
  • Jul 25, 2014 2:29pm Jul 25, 2014 2:29pm
Quoting Endoephemera
Endoephemera is celebrating his birthday week with a +50% and getting drunk. You think he should get out of his small short currently at 1.3443 due to some silly increase at the bottom?? Guys help out Endoephemera.
If not today, then after market open, if it goes to test the bottom one more time. I think the rest of monday will be bullish. But thats just me...
Everyone can see the chart, but only a few can actually read it.
  • #912,593
  • Jul 25, 2014 2:32pm Jul 25, 2014 2:32pm
Quoting Endoephemera
Endoephemera is celebrating his birthday week with a +50% and getting drunk. You think he should get out of his small short currently at 1.3443 due to some silly increase at the bottom?? Guys help out Endoephemera.
it is a rule to not reflect on the previous week's - 95%.

Well done!

All the best
  • #912,594
  • Jul 25, 2014 2:52pm Jul 25, 2014 2:52pm
Problem

Swissy is pointing lower. If correlation plays - EU up a little.

Have a splendid weekend

Regards
  • #912,595
  • Jul 25, 2014 3:01pm Jul 25, 2014 3:01pm
Next week will be a deciding moment for my trades
The fragrance remains in the hands of those that gves the rose
  • #912,596
  • Jul 25, 2014 3:31pm Jul 25, 2014 3:31pm
I have open already some longs at 1.3430 area. I was waiting to see this week closing below 1.3413, so because this timing not reached and a nice h1 candle with 1.3420 low prompts me to open some longs.

All the best to all and GL
  • #912,597
  • Edited 4:53pm Jul 25, 2014 4:41pm | Edited 4:53pm
almost there today....
  • #912,598
  • Jul 25, 2014 4:47pm Jul 25, 2014 4:47pm
OMG guys, only average in if you have planned for it, meaning your original first trade is much smaller than a standard trade as you plan to add to the trade if your wrong. Also max the number to like 3 trades, wrong 3 times you'll probably wrong in a lot of analysis and you will probably be wrong number 4 time no 5 time etc.. i do this when i have that feeling that im not that sure on my original entry, that allows me to get perspective on my trade. What i also do when i average in.. is to put hedge counter trades in like10-15 pips under my last entry with half the size of the last trade. I call it insurance. Often i find myself looking for a good spot to kill my hegde instead of just adding a new position to my loosing trade.
I NEVER add to a full trade, i kill it if wrong. In my early days a -60 $ loss fast became a -$200 position and suddenly, you're up watching you position 24 hours waiting for the turn as you're now -$1325 and used margin is at 77%. And besides all that, you have probably missed out on other better trades as youre glue to your loosing trade. Its at that point you wish you killed it at -60 or even -200. Cut your looser and get back to fi ding new trades.
I don't even have a cool signature
  • #912,599
  • Jul 25, 2014 5:05pm Jul 25, 2014 5:05pm
Gidday Nocool

Yeah good advise

I tend to hedge through the cross pairs

over 4+ charts.

Which allows more trades being active

Bad Dog loves trying to beat the system
  • #912,600
  • Jul 25, 2014 5:21pm Jul 25, 2014 5:21pm
Quoting BoredToLoose
I have open already some longs at 1.3430 area. I was waiting to see this week closing below 1.3413, so because this timing not reached and a nice h1 candle with 1.3420 low prompts me to open some longs. All the best to all and GL
I am with you man on this. I opened long (something rarely do on euro and I rarely trade euro) in the .3430 area

I can see the pair falling to .3400 but that's really it.

The risk/reward is solid on the long side. I will happily add at .3400 area

Any one expecting serious downside from these levels is either a noob or a gambler.
2 standard deviation move almost done. Last time we had 3 standard deviations was back in 2010
Euro zone not out of the woods but definetly not in the same predicament it was in back in 2010
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