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  • #943,381
  • Dec 12, 2014 8:53am Dec 12, 2014 8:53am
Quoting fxtyrant
{quote} a trained monkey wouldnt know how to MANAGE a losing trade. closing is not always the best option. there are better ways to make it back.
  • #943,382
  • Dec 12, 2014 8:53am Dec 12, 2014 8:53am
Please go up 80 pips more please
  • #943,383
  • Dec 12, 2014 8:53am Dec 12, 2014 8:53am
Quoting OnlineAddict
{quote} Dude, no offense, but a trained monkey can keep shorting on the way up and longing on the way down...if you don't use a SL, you don't trade, you just play...
Dude no offense, but what works for you doesn't necessarily have to work for the million others. Some don't use SL and some do, besides why does any of that fucking matter? He's close to key levels, it's not like this shit is just going to fly to 12600 without some pullback.
  • #943,384
  • Dec 12, 2014 8:54am Dec 12, 2014 8:54am
Quoting OnlineAddict
{quote} Yeah, thats the spirit...why close a bad trade early...wait it out or even add one more short on it...then higher one more short...etc... I was being sarcastic, if someone didn't get it.
hehehe,

however, adding to your direction can be a beneficial attribute. this can be seen as adding to losses. But if your trade plan has a reason why it will return in your direction, you can add further positions.

But this all needs MM and risk management.

But adding more into your direction, you can sometimes get out BE (BE+1 for those who do not like to lose).

Not an easy thing to do, but can work in a sideways market time.
  • #943,385
  • Dec 12, 2014 8:55am Dec 12, 2014 8:55am
Omfg omfg
short
short now!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #943,386
  • Dec 12, 2014 8:55am Dec 12, 2014 8:55am
Quoting OnlineAddict
{quote} Dude, no offense, but a trained monkey can keep shorting on the way up and longing on the way down...if you can't close a losing trade, you don't trade, you just play...
See that bitch? Dropping on your sorry ass. Then again this could've gone either way to be quite FAIR
  • #943,387
  • Dec 12, 2014 8:56am Dec 12, 2014 8:56am
So much for that guys red number.
  • #943,388
  • Dec 12, 2014 8:57am Dec 12, 2014 8:57am
SHORT, SHORT NOW!!!

BIG UPWARDS SURPRISE ON CONSUMER SENTIMENT... not only that...!!!
INFLATION EXPECTATION ALSO JUMPED TO KINGDOM COME!!!! (YELLEN IS GOING TO LOVE THIS, FED RATE HIKE Q1 2015)

THIS IS WHY YOU TRADE WITH THE TREND!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 21 KB

ps. if you are wondering. yes thats Thomson Reuter Eikon platform, courtesy from the bank i work for.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #943,389
  • Dec 12, 2014 8:58am Dec 12, 2014 8:58am
didnt get the 284x fill, grrrrr -.-
Hero calls followed by margin calls...
  • #943,390
  • Dec 12, 2014 8:58am Dec 12, 2014 8:58am
Quoting fxtyrant
SHORT, SHORT NOW!!! BIG UPWARDS SURPRISE ON CONSUMER SENTIMENT... not only that...!!! INFLATION EXPECTATION ALSO JUMPED TO KINGDOM COME!!!! THIS IS WHY YOU TRADE WITH THE TREND! {image}
hahah now bears has smile on their face !
"I'm not answering stupid questions."
  • #943,391
  • Dec 12, 2014 8:59am Dec 12, 2014 8:59am
Quoting fxtradeabi
{quote} See that bitch? Dropping on your sorry ass. Then again this could've gone either way to be quite FAIR
LOL You are just lucky, thats not trading whatsoever.
Everyone can see the chart, but only a few can actually read it.
  • #943,392
  • Dec 12, 2014 8:59am Dec 12, 2014 8:59am
Quoting OnlineAddict
{quote} Out with 10+ pips. Expecting a red number in 10 min...
Hey bud where is that red number you speak of?
  • #943,393
  • Dec 12, 2014 8:59am Dec 12, 2014 8:59am
Quoting fxtyrant
{quote} if you cant even sustain a 40 pip drawdown then heres what im gona say. 1. you have poor risk management. go ahead and get margin called in few accounts until you realize its not a game of balls in and guns blazing but rather consistency and sustainability. 2. you are probably trading with 100 usd... why are you trading with only 100 usd?? gosh... better off going to casino and gamble it on blackjacks...
Ironically i started 3 of my accounts from 100 onwards, it goes without saying these were high risk/exposure type accounts so i understand why would compare it to a casino. These 3 accounts however grew over time, so when a correct edge is applied (even to a small sample) i would not compare it to a casino right away. I needed to have a 8-10 losing streak to blow up these accounts right from the bat. That does not happen very often... Because that does not happen very often an effective edge will overshadow your casino theory. Unless one goes insane on the lots on this amount but thats just stupidy.
  • #943,394
  • Dec 12, 2014 9:00am Dec 12, 2014 9:00am
Short @ 1.2475...we'll see how this goes.
  • #943,395
  • Dec 12, 2014 9:00am Dec 12, 2014 9:00am
  • #943,396
  • Dec 12, 2014 9:00am Dec 12, 2014 9:00am
Quoting OnlineAddict
{quote} LOL You are just lucky, thats not trading whatsoever.
Save it for the monkey trading. go away now, add this to a postit and slap it on your forehead , *key levels* trend = down
  • #943,397
  • Dec 12, 2014 9:00am Dec 12, 2014 9:00am
Quoting fxtyrant
{quote} a trained monkey wouldnt know how to MANAGE a losing trade. closing is not always the best option. there are better ways to make it back.
The easiest way to make it back for a bad trade is to close early and re-load higher/lower, then when your system is right, you make extra pips on top of it, instead of having no sleep over a drawdown.
Everyone can see the chart, but only a few can actually read it.
  • #943,398
  • Dec 12, 2014 9:00am Dec 12, 2014 9:00am
Quoting mcxjay
{quote} This is my plan as well. By the time we get to top 1.26 there will be plenty of screaming and calling for 1.30 and people going long. This is when you have to take the shorts. Today @1.2420 I closed my 150K EUR shorts and will start building short position from 1.259 onwards. There is just too much noise about a short term reversal now to go against it even with the fundies intact as they are. If the big guys say the went long that means they will keep pumping it. EUR @ 1.28 should convince ECB to start QA in January. Then we'll see reversal...

Yep would love to see 2800, it would be even better confirmation to pre short ahead of ECB conference.

In any case when QE is announced this should be real deal to make serious profits across EUR pairs, only what matters then is execution, SL is just thing to forget for while on shorts.
  • #943,399
  • Dec 12, 2014 9:01am Dec 12, 2014 9:01am
Quoting OnlineAddict
{quote} LOL You are just lucky, thats not trading whatsoever.
dude... DATA releases probability often skews towards the direction of the trend.
so it was expected that these data would surprise upwards as the EURUSD is suppose to continue the bear trend.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #943,400
  • Dec 12, 2014 9:01am Dec 12, 2014 9:01am
hmm targeting 2420
Hero calls followed by margin calls...
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