Bull City Baby! Buying Opportunities | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

Reversal City Baby!! 12 replies

Breakout City Baby!! 20 replies

Baby Sitter EA 4 replies

Baby Steps... 6 replies

FX Baby Trading Journal 0 replies

Attachments: Bull City Baby! Buying Opportunities
Exit Attachments

Bull City Baby! Buying Opportunities

  • #881
  • Dec 12, 2014 12:11pm Dec 12, 2014 12:11pm
Enjoy the weekend Ben and everyone else. I plan to get outside and get some badly needed fresh air. Maybe roll around in the grass like a .... (whatever animal does that). A goat? I dunno.

Ciao.
  • #882
  • Dec 12, 2014 12:12pm Dec 12, 2014 12:12pm
Quoting Didgeridoo
Enjoy the weekend Ben and everyone else. I plan to get outside and get some badly needed fresh air. Ciao for now.
See ya mate.
  • #883
  • Dec 12, 2014 12:12pm Dec 12, 2014 12:12pm
Quoting Sunsilk
{quote} Feel free to donate some of your winnings to boost our trading accounts for Xmas. Same goes to you Riz
Ha ha, good idea

But keep in mind I just started trading 2 years ago, and have been pretty much full time ever since. So, I'm still digging myself out of the hole I created for myself with all of the dumb mistakes I made.

I did computer consulting for 17 years, and decided trading was my next endeavor. I haven't looked back, and I'm not dead yet, so I keep going
  • #884
  • Dec 12, 2014 12:13pm Dec 12, 2014 12:13pm
still holding my position, target 121.5ish. whatever the bears are saying its plainly noise. imho
  • #885
  • Dec 12, 2014 12:15pm Dec 12, 2014 12:15pm
Quoting Bicarus
still holding my position, target 121.5ish. whatever the bears are saying its plainly noise. imho
Pretty sad they couldn't bring this down with that beautiful gravestone doji that was created on the 4hr...


Once I saw that I knew the bulls aren't letting up just yet.

Edit: i believe they have missed their opportunity ehhe
  • #886
  • Dec 12, 2014 12:16pm Dec 12, 2014 12:16pm
Quoting benaiah
{quote} Ha ha, good idea But keep in mind I just started trading 2 years ago, and have been pretty much full time ever since. So, I'm still digging myself out of the hole I created for myself with all of the dumb mistakes I made. I did computer consulting for 17 years, and decided trading was my next endeavor. I haven't looked back, and I'm not dead yet, so I keep going
Think its safe to say that trading is a tad bit more exciting.
  • #887
  • Dec 12, 2014 12:19pm Dec 12, 2014 12:19pm
Quoting Sunsilk
{quote} Think its safe to say that trading is a tad bit more exciting.
Yes indeed.
  • #888
  • Dec 12, 2014 12:19pm Dec 12, 2014 12:19pm
Quoting Rizmeister
{quote} Pretty sad they couldn't bring this down with that beautiful gravestone doji that was created on the 4hr... Once I saw that I knew the bulls aren't letting up just yet. Edit: i believe they have missed their opportunity ehhe
hehe true , a stone wont kill goliath without god, in the financial market, the gods are the big boys. and guess which side they are on.
  • #889
  • Dec 12, 2014 12:24pm Dec 12, 2014 12:24pm
Quoting Bicarus
{quote} hehe true , a stone wont kill goliath without god, in the financial market, the gods are the big boys. and guess which side they are on.
With your name (sounding a bit like icarus) and the references you make, I hope the gods are in your favour (bulls obvs)
  • #890
  • Dec 12, 2014 12:26pm Dec 12, 2014 12:26pm
Off topic Riz, Looks like Euro could finally have a bit of a drop.
  • #891
  • Dec 12, 2014 12:28pm Dec 12, 2014 12:28pm
Quoting Sunsilk
Off topic Riz, Looks like Euro could finally have a bit of a drop.
I wouldn't say necessarily off topic as there are correlations

Yes I would love to see it fall off the maps.
  • #892
  • Dec 12, 2014 12:55pm Dec 12, 2014 12:55pm
Here's a question for the group. When you have a bad week, how do you recover mentally from it?
Good luck and may the odds be ever in your favor!
  • #893
  • Dec 12, 2014 1:01pm Dec 12, 2014 1:01pm
Quoting dbutton1990
Here's a question for the group. When you have a bad week, how do you recover mentally from it?
Take a break.

trust me mindset is so important - if your not in the right frame of mind then you will do erratic shit.

My first ever account I blew it cos I went long on silver in a downtrend. Literally picked the swing high. About 3 years ago.

I look back on that trade and think what the hell. Caused me so much pain and grief for 3 months whilst it continued to go down and I never closed it out.

I was like checking my phone every night, it would affect my mood and just wasn't a pleasant place to be.

Trading is all about structure and discipline. Without it you are screwed. Yeah price does come back but might take years and your account will just be inactive and get hit by overnight/weekend fees.

It's good to talk things throughas well. Get it off your chest. Bad days, weeks happen to everyone. Just as long as you maintain your consistency throughout. risking like tops 5% of your account also helps make it feel not so bad. If your exposing 100% of your account then you could be in trouble.

Recovery just takes time. Time heals everything. Introduce structure and discipline and confidence will come back
  • #894
  • Dec 12, 2014 1:06pm Dec 12, 2014 1:06pm
Quoting dbutton1990
Here's a question for the group. When you have a bad week, how do you recover mentally from it?
after having bad week end , i enjoy more marraige life, wife is best remedy of frustration........Lol, So all bachelor or virgins should avoid forex trading ........... LOL...LOL
  • #895
  • Edited 2:20pm Dec 12, 2014 1:08pm | Edited 2:20pm
Edited
  • #896
  • Dec 12, 2014 1:22pm Dec 12, 2014 1:22pm
lol I'm in bed watching sons of anarchy
  • #897
  • Dec 12, 2014 1:26pm Dec 12, 2014 1:26pm
Quoting Rizmeister
lol I'm in bed watching sons of anarchy
LOL I ended up camping out on the kitchen floor, waiting for a GBP/JPY bounce in the last session. pulled out some cushions when I started dozing off. Still lying on them like a beached whale.
  • #898
  • Dec 12, 2014 1:28pm Dec 12, 2014 1:28pm
Quoting Rizmeister
lol I'm in bed watching sons of anarchy
Bed?!

Its like 2pm where you are?!
  • #899
  • Dec 12, 2014 1:32pm Dec 12, 2014 1:32pm
haha yeah just relaxing.
  • #900
  • Dec 12, 2014 1:37pm Dec 12, 2014 1:37pm
Quoting dbutton1990
Here's a question for the group. When you have a bad week, how do you recover mentally from it?
For me, if I am having difficulty recovering mentally from anything, I re-evaluate my priorities. In trading. In life.

Usually, if I get emotionally drained from anything, it's because I lost my focus on the more important things. In trading. In life.

And applying this specifically to trading, an emotional drain at the end of the week is usually a result of a culmination of bad decisions. Too much risk, not following rules, etc.

And I have also found that if I enter a trade and watch price go into profit, then drawdown, it is emotionally draining for me. If I do this all week, at the end of the week, I'm emotionally/mentally shot. And it's not just about the money, as the same emotional/mental drain occurred whenever I used to trade on demo, but of course losing real money adds to the weight of it.

So, I try to pick trades that I know are going to go in my direction right away, and I use very tight SLs. And as I've posted before, I don't mind getting stopped out multiple times. If my trades have very high R:R ratio, one win can erase multiple losers. And I usually trade intra day. If there's any hint price is not going in my direction - I'm out. Moving SL to BE right away also helps. I don't mind re-entering several times, until I get it right.

I'd love to hold positions for weeks on end, and bank 1000+ pips, adding to positions throughout. But that just doesn't work for me mentally and emotionally (so far)... And I also believe there is more money to be made intra-day.

This helps me avoid mental and emotional drain. I look at what caused the drain, and try to eliminate that from my trading. It's about knowing myself, and accepting it, trading according to what works for me, but I'm not saying this is the formula for everyone, and sorry for the long post...
0 traders viewing now