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USD/JPY Discussion

  • #53,001
  • Dec 9, 2014 7:35pm Dec 9, 2014 7:35pm
Took some off to pay for the stop - it's now free trade .......

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Quoting chsortman
{quote} Now is the time to swing from price 11x.xx
I mean something like 114-115 ...
  • #53,002
  • Dec 9, 2014 7:36pm Dec 9, 2014 7:36pm
Quoting smash1820
I don't mind the harsh words tashkent. Sometimes I need it, because I can be as stupid as anyone. I'm a very emotional trader. And I expect close to perfection from myself. When I don't do it, I get angry. I've been trading long enough that I want to be clear that I'm not a newb trader, and I know what I'm talking about. I just don't always do what I say, or say what I do. It's more a problem of my lack of discipline than anything else. Sometimes I daytrade (I usually do -- why didn't I this time?), sometimes I swing trade, and sometimes I invest....
You should feel very fortunate to be young & working to be in a career that gives you many freedoms that most will never have in their lives. As much as you want to get there today, patience will probably get you to your goals faster. I'd give you every dime I have to be your age again even if I was broke & homeless. Patience.
  • #53,003
  • Dec 9, 2014 7:39pm Dec 9, 2014 7:39pm
Quoting Shug
Porn helps...MJ too
LOL, you're absolutely right. Unfortunately, one of those is not an option for me right now.

I haven't smoked in over two weeks and I'm trying to wean myself off of drugs, including an alcohol dependency, and other god-awful habits. It's not easy, and it probably contributes to my violent mood swings and poor trading.

Fortunately for now, I'm back to even on the day, and now all I have to do is make up for yesterday's losses. I'll get there eventually...
Please check out my blog at https://from-zero-to-hero . net
  • #53,004
  • Dec 9, 2014 7:41pm Dec 9, 2014 7:41pm
Quoting smash1820
{quote} LOL, you're absolutely right. Unfortunately, one of those is not an option for me right now. I haven't smoked in over two weeks and I'm trying to wean myself off of drugs, including an alcohol dependency, and other god-awful habits. It's not easy, and it probably contributes to my violent mood swings and poor trading. Fortunately for now, I'm back to even on the day, and now all I have to do is make up for yesterday's losses. I'll get there eventually...
DW man you gots it!

In the mean time, dual/tripple/quad monitors aren't just good for trading
  • #53,005
  • Dec 9, 2014 7:44pm Dec 9, 2014 7:44pm
Quoting smash1820
{quote} LOL, you're absolutely right. Unfortunately, one of those is not an option for me right now. I haven't smoked in over two weeks and I'm trying to wean myself off of drugs, including an alcohol dependency, and other god-awful habits. It's not easy, and it probably contributes to my violent mood swings and poor trading. Fortunately for now, I'm back to even on the day, and now all I have to do is make up for yesterday's losses. I'll get there eventually...
Good luck with it.

In my opinion, it seems to me like taking a break from the intensity of the markets would be a good step.

I think that the best way to deal with stress is to set yourself routines, especially with sleep, good food and exercise. I feel that those things help clear my head and look at the market more rationally. When I am tired and stressed, lucks never in and I end up putting on trades which frankly are ridiculous looking back on it.

If you are trying to break habits, the markets won't help you with managing your emotions but only amplify.

Have to always remember that there are always opportunities. It is your decision but consistency is key to trading successfully.
  • #53,006
  • Dec 9, 2014 7:46pm Dec 9, 2014 7:46pm
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  • #53,007
  • Dec 9, 2014 7:47pm Dec 9, 2014 7:47pm
Quoting Ken A
One inch H4 bull candle would be nice ..... {image}
I will give you once inch baby
  • #53,008
  • Dec 9, 2014 7:49pm Dec 9, 2014 7:49pm
Quoting smash1820
I don't mind the harsh words tashkent. Sometimes I need it, because I can be as stupid as anyone. I'm a very emotional trader. And I expect close to perfection from myself. When I don't do it, I get angry. My system is capable of calling tops and bottoms and reversals and more within 1-5 pips, at most. I've been trading long enough that I want to be clear that I'm not a newb trader, and I know what I'm talking about. I just don't always do what I say, or say what I do. It's more a problem of my lack of discipline than anything else. Sometimes I...
in these forums there are gems you will find in no book, my friend. i have read several thousands of very long pages (in several threads) during my first 2 years in FF and that helped me to figure out what i need to trade profitably. i found out that EVERYTHING is about the MINDSET.

think about this: how is it possible to increase your capital despite losing a lot of pips and having too many losing trades??
As Above, So Below
  • #53,009
  • Dec 9, 2014 7:52pm Dec 9, 2014 7:52pm
Quoting tashkent
{quote} in these forums there are gems you will find in no book, my friend. i have read several thousands of very long pages (in several threads) during my first 2 years in FF and that helped me to figure out what i need to trade profitable. i found out that EVERYTHING is about the MINDSET. think about this: how is it possible to increase your capital despite losing a lot of pips and having too many losing trades??
GOLDEN post. I concur! Have also done a great reading here too of the conversations in many long threads.
All posts are my personal opinion
  • #53,010
  • Dec 9, 2014 7:53pm Dec 9, 2014 7:53pm
Quoting Rizmeister
{quote} I will give you once inch baby
That your chat up line Riz?

What's the strike rate on that strategy?
  • #53,011
  • Dec 9, 2014 7:56pm Dec 9, 2014 7:56pm
Quoting tashkent
{quote} in these forums there are gems you will find in no book, my friend. i have read several thousands of very long pages (in several threads) during my first 2 years in FF and that helped me to figure out what i need to trade profitably. i found out that EVERYTHING is about the MINDSET. think about this: how is it possible to increase your capital despite losing a lot of pips and having too many losing trades??
So true!! For life in general, as well.
  • #53,012
  • Dec 9, 2014 7:58pm Dec 9, 2014 7:58pm
Quoting smash1820
{quote} LOL, you're absolutely right. Unfortunately, one of those is not an option for me right now. I haven't smoked in over two weeks and I'm trying to wean myself off of drugs, including an alcohol dependency, and other god-awful habits. It's not easy, and it probably contributes to my violent mood swings and poor trading. Fortunately for now, I'm back to even on the day, and now all I have to do is make up for yesterday's losses. I'll get there eventually...
Smash check this out real quick.

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  • #53,013
  • Dec 9, 2014 8:15pm Dec 9, 2014 8:15pm
it is highly improbable that time frames above 1H will close below that yellow line
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As Above, So Below
  • #53,014
  • Dec 9, 2014 8:18pm Dec 9, 2014 8:18pm
Quoting tashkent
it is highly improbable that time frames above 1H will close below that yellow line {image}
nothing is certain. 117.90 was also not called for.
  • #53,015
  • Dec 9, 2014 8:20pm Dec 9, 2014 8:20pm
Already closed 80% and 20% left of the fresh long - can't see reason for this pair to rally yet ....

Will wait pre NY open to decide
  • #53,016
  • Dec 9, 2014 8:23pm Dec 9, 2014 8:23pm
compare these 2 different charts:
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As Above, So Below
  • #53,017
  • Dec 9, 2014 8:29pm Dec 9, 2014 8:29pm
Yep, just closed the long from CNY data spike - now flip to short

H4
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  • #53,018
  • Dec 9, 2014 8:29pm Dec 9, 2014 8:29pm
Quoting tashkent
{quote} in these forums there are gems you will find in no book, my friend. i have read several thousands of very long pages (in several threads) during my first 2 years in FF and that helped me to figure out what i need to trade profitably. i found out that EVERYTHING is about the MINDSET. think about this: how is it possible to increase your capital despite losing a lot of pips and having too many losing trades??

well said. ive been losing and im really asking myself why. i think i found the answer here =)
  • #53,019
  • Dec 9, 2014 8:31pm Dec 9, 2014 8:31pm
Quoting tashkent
it is highly improbable that time frames above 1H will close below that yellow line {image}
nice i have that support level too
  • #53,020
  • Dec 9, 2014 8:32pm Dec 9, 2014 8:32pm
Quoting mk5
{quote} nice i have that support level too
hey hey Ive been wondering how do u trade?
and I sent u a msg btw
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