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The Wanderings of Tashkent

  • #121
  • Oct 31, 2014 7:20pm Oct 31, 2014 7:20pm
Quoting AdelPC
{quote} I like your Illusion trade explorer results. Couple of years ago I heard an FX trainer commented that to successfully learn to trade, his student must be TEACHABLE. I observe there are biased, narrow/closed-minded individuals that are UNTEACHABLE in a realistic sense, but never thought I belong in such a category. Over past 5 years, I believe I have experienced all that there are to experience in FX - all the emotional roller-coaster, $up and mostly $down. It seemed no matter how I try & learn, there could only be failures. Started...
thank you for your positive comment. my universal approach to everything is "MIND OVER MATTER".
you intelligently spotted where you need to start from. that is encouraging.
if you have been in this forum long enough you must have noticed a great number of disillusioned traders who has wrong approach towards the market. most of them will never understand what trading is about and there is nothing anybody can do about them. this is life.
when you have time, check out my other thread "Forex Trading Philosophy", you may find some useful information. Also search for posts of my cyber mentor Crucial Point. he has great insights every trader must comprehend to become successful in this business.
As Above, So Below
  • #122
  • Oct 31, 2014 9:06pm Oct 31, 2014 9:06pm
I warned people in some thread to stay away from using words such as "fake price" or "fake move" as if they know the true value and market must obey them and do what they want. this is a flaw opinion at extreme and poisonous to the mind.
here is a nice quote:

The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed.

As Above, So Below
  • #123
  • Nov 2, 2014 10:23pm Nov 2, 2014 10:23pm
Quoting tashkent
I warned people in some thread to stay away from using words such as "fake price" or "fake move" as if they know the true value and market must obey them and do what they want. this is a flaw opinion at extreme and poisonous to the mind. here is a nice quote: The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed.
That's awesome, Tashkent

After a weekend break, I sense a gap in my mindset and a need to think over lessons from past week.
Good luck to us with trading this week !!
When in doubt, HEDGE
  • #124
  • Nov 3, 2014 10:25am Nov 3, 2014 10:25am
too busy today with managing my NU trade
trying to stay at BE.
this setup seems like high probable mini bullish to take a few pips to upside, very small sl.
Attached Image
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  • #125
  • Nov 5, 2014 5:18am Nov 5, 2014 5:18am
Quoting tashkent
this one looks interesting {image}
Have you traded this one?
When in doubt, HEDGE
  • #126
  • Nov 5, 2014 5:31am Nov 5, 2014 5:31am
Quoting AdelPC
{quote} Have you traded this one?
nope
was too busy with managing other open trades, especially losers and also scalping major pairs. yesterday saw eurcad and remembered i supposed to take long after candle closed above the upper line
the problem is i only have access to basic online platform so have too keep a note somewhere about the pairs i am willing to trade otherwise i forget.
anyway, market is full of opportunities to those who notice them.
As Above, So Below
  • #127
  • Nov 5, 2014 5:48am Nov 5, 2014 5:48am
Quoting AdelPC
{quote} Have you traded this one?
Surprised to see this pair has bounced so high.
I really like this pair. My memory is this is an excellent pair to short from high. Out of all, this pair in particular has been the best winner.
You may recall two weeks ago I shorted near the bottom, a bit of a disaster really. But just do nothing and enough time later, it came down & closed in profit. It always seems to do that.
When in doubt, HEDGE
  • #128
  • Nov 5, 2014 5:57am Nov 5, 2014 5:57am
yes i remember. and you bearish on this pair. soon i have time i will check my chart to see if there is shorting opportunity.
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  • #129
  • Nov 5, 2014 6:04am Nov 5, 2014 6:04am
Quoting tashkent
yes i remember. and you bearish on this pair. soon i have time i will check my chart to see if there is shorting opportunity.
fyi, Seems to me it's bouncing off the daily pivot @1.4282 a bit. Dropped from daily high 1.4342 and supported by the daily pivot now.
When in doubt, HEDGE
  • #130
  • Nov 5, 2014 6:15am Nov 5, 2014 6:15am
EURCAD looks good to short but not right now, i want to see what buyers will try to do. this it may drop to 1.4180 and reverse. somehow i have bullish view overall
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  • #131
  • Nov 5, 2014 7:19am Nov 5, 2014 7:19am
why not to give a try
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  • #132
  • Nov 5, 2014 7:41am Nov 5, 2014 7:41am
Quoting tashkent
why not to give a try {image}
Me too entered just then @ 1.42762 0.01 lotsize.
Didn't intend to trade live, but EURCAD is a very tempting pair to short.
Besides, traded live on AUDUSD that turned out to be a disaster and need to recover some losses.
When in doubt, HEDGE
  • #133
  • Nov 5, 2014 7:45am Nov 5, 2014 7:45am
Quoting AdelPC
{quote} Me too entered just then @ 1.42762 0.01 lotsize. Didn't intend to trade live, but EURCAD is a very tempting pair to short. Besides, traded live on AUDUSD that turned out to be a disaster and need to recover some losses.
i would encourage you to trade live but with a possible small size.
As Above, So Below
  • #134
  • Nov 5, 2014 7:56am Nov 5, 2014 7:56am
Quoting tashkent
{quote} i would encourage you to trade live but with a possible small size.
This EURCAD is live trade. Hopefully it will turn out beautiful to restore some confidence and I will continue with small live trades. My simple strategy on EURCAD - If it reverses and travels north, carefully add more shorts. It's a matter of time it WILL drop and in the mean time, collect positive swaps.
When in doubt, HEDGE
  • #135
  • Nov 5, 2014 8:04am Nov 5, 2014 8:04am
Quoting AdelPC
{quote} This EURCAD is live trade. Hopefully it will turn out beautiful to restore some confidence and I will continue with small live trades. My simple strategy on EURCAD - If it reverses and travels north, carefully add more shorts. It's a matter of time it WILL drop and in the mean time, collect positive swaps.
good strategy
As Above, So Below
  • #136
  • Nov 5, 2014 9:42am Nov 5, 2014 9:42am
Quoting tashkent
why not to give a try {image}
lets see what is next
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  • #137
  • Nov 5, 2014 9:51am Nov 5, 2014 9:51am
Quoting tashkent
{quote} lets see what is next {image}
Ouch...!! Kicking myself for trading only a micro-lot.
When in doubt, HEDGE
  • #138
  • Nov 5, 2014 10:16am Nov 5, 2014 10:16am
Quoting AdelPC
{quote} Ouch...!! Kicking myself for trading only a micro-lot.
haha,
the joker inside playing tricks? now go ahead an open a trade with with bigger lot and the price will reverse right there

now think using micro lot was perfectly fine. how would you explain that?
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  • #139
  • Nov 5, 2014 10:41am Nov 5, 2014 10:41am
Quoting tashkent
{quote} haha, the joker inside playing tricks? now go ahead an open a trade with with bigger lot and the price will reverse right there now think using micro lot was perfectly fine. how would you explain that?
The joker ... yes, it lives... I read some posts about it but forgot where.
Actually, I blew my accounts a few times due to over-leveraging, as a result of over confidence... yes bloody joker...made me cried
When in doubt, HEDGE
  • #140
  • Nov 5, 2014 4:34pm Nov 5, 2014 4:34pm
AUDJPY long


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