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Bull City Baby! Buying Opportunities

  • #1,561
  • Edited Dec 31, 2014 12:25am Dec 30, 2014 11:40pm | Edited Dec 31, 2014 12:25am
Greetings Traders!

Had a really bad day today. Over-leveraged myself, and almost blew my account. Had to close a really good position to avoid the blow out. Anyway, account still alive. We'll see how it goes with current trades. I liked GJ/AJ better than UJ right now, so I'm long on those. But I suspect UJ will follow, and may end up long with that pair as well if things go okay.

I've decided to change the rules of this thread significantly. Starting now the only members aloud to post in this thread are those who have a live account TE uploaded AND attached to their signature. That way we know there are only serious posters and REAL traders.

Sorry, I know this will eliminate some good posters, but I need a way to avoid distractions that some posters cause. I don't want to spend my time responding to posts that are simply a distraction, or cleaning anything up. I'm assuming any who have a live account attached to their post should be serious about trading?

For anyone who this rule disallows, you can always upload the TE to continue posting. If for some reason you cannot upload the TE, I'm sorry, but I need to enforce this rule. Anyone who continues posting without a live TE attached to their post will be blocked from further posting. And as always, anyone who is blocked can have someone send me a PM to request unblocking (if they can follow the rules from that point on).

Hopefully this rule is my final adjustment in my attempt to keep things transparent and interactive.

Edit: On your TE, you can make the money and lots private, but everything else must be public
  • #1,562
  • Dec 31, 2014 1:25am Dec 31, 2014 1:25am
Quoting benaiah
Greetings Traders! Had a really bad day today. Over-leveraged myself, and almost blew my account. Had to close a really good position to avoid the blow out. Anyway, account still alive. We'll see how it goes with current trades. I liked GJ/AJ better than UJ right now, so I'm long on those. But I suspect UJ will follow, and may end up long with that pair as well if things go okay. I've decided to change the rules of this thread significantly. Starting now the only members aloud to post in this thread are those who have a live account TE uploaded...
Benaiah ouch really really sorry but glad you managed to save your account...... I don't have a TE but will get one next week, will have to look at how to do it.
Take care of yourself and again really sorry!!
  • #1,563
  • Dec 31, 2014 1:27am Dec 31, 2014 1:27am
Have moved my stop to + 60 will close trade in a few hours regardless of where it is not taking a chance that the market will gap while it's closed...
  • #1,564
  • Edited 11:16am Dec 31, 2014 10:41am | Edited 11:16am
Almost blew my account again. If I would have stayed in my original trades, I'd have made out really well. But jumped in and out due to lack of discipline and patience. Still working on the patience and discipline aspect of trading.

I don't trade with my life savings, so it's not a huge deal. But this illustrates why I want transparency in this thread. It applies to me too.

Most member on FF ether don't trade real money, or hide behind their computer screen having blown their account several times, and still haven't mastered trading, but they want to act like they know everything about trading, and everything they post here on FF is about boosting their ego.

I have not mastered trading yet. I've always said I'm still learning. I have never said I was a better trader than anyone. Somehow it seems I have a reputation of being a good trader, and I do know how to trade. I can offer good analysis. But I need work on the patience and discipline part of it, which has killed my account a few times.

I always see members here on FF who have a winning streak, then upload a TE to show it off, but then they delete it when they start losing again. No way anyone will ever master trading unless they admit to themselves their own mistakes, and don't hide behind the premise of being something they are not. This is why I decided to upload the TE. Whatever happens, happens. I'm sharing my experience with any and all.

So, if you want to be a part of this transparent journey, and really improve your trading, then upload a TE, and welcome. Otherwise, there are plenty of other threads here on FF with pretenders. No pretenders permitted here. If you don't need to improve and already have it all mastered, then you are welcome too, and share your valuable experience. Upload your TE, and prove what you've got.

Kind regards to all. And happy trading.
  • #1,565
  • Dec 31, 2014 11:08am Dec 31, 2014 11:08am
Very well said. I'm all up for it although I'm a beginner and probably will blow my account. I am here to learn and you can only learn if you are honest to yourself. TE is done. I hope it shows up.

Have a good new year everyone and happy and successful trading.
Free-ranging human living the trading lifestyle
  • #1,566
  • Dec 31, 2014 11:30am Dec 31, 2014 11:30am
Can you explain how you do this TE?

If its easy I will set it up.

Otherwise I already use my journal.

Think you risk alienating a lot of good traders this way however. Just because you are serious about trading does not mean you are good at it. A lot of people probably come on just to see other points of view and contribute to meaningful discussion.

Someone might be able to give you gems of information about your risk aspect but you automatically shut them out because they don't have the requirements.

I say you can learn from everyone, but it's your call.
  • #1,567
  • Dec 31, 2014 11:48am Dec 31, 2014 11:48am
Quoting Sunsilk
Can you explain how you do this TE? If its easy I will set it up. Otherwise I already use my journal. Think you risk alienating a lot of good traders this way however. Just because you are serious about trading does not mean you are good at it. A lot of people probably come on just to see other points of view and contribute to meaningful discussion. Someone might be able to give you gems of information about your risk aspect but you automatically shut them out because they don't have the requirements. I say you can learn from everyone, but it's...
I acknowledged already I will alienate some. I don't see any way around that. It's not just about my post today. It's also about eliminating other factors that come with some posters not posting any trades, or they are looking for indicators, or they choose to not follow any other rules of the thread. It is all becoming wearisome to me trying to maintain the concept of this thread, and why I created it to begin with.

I believe if someone is willing to upload a TE, and share with everyone their success/failure, then it says something about their character. This is the main thing. I don't expect everyone here to be an expert trader. I am certainly still working on it, as I already mentioned.

As far as loading a TE. It takes about 1 minute. If you go to your home page right under your user name, you'll see a link "create trade explorer". Then you just select your broker, account user name/password, and other information. You can make the money part private if you want. Then just add it to your posting signature in settings. I had to delete mine and create it again to remember the steps
  • #1,568
  • Dec 31, 2014 11:51am Dec 31, 2014 11:51am
Quoting benaiah
Almost blew my account again. If I would have stayed in my original trades, I'd have made out really well. But jumped in and out due to lack of discipline and patience. Still working on the patience and discipline aspect of trading. I don't trade with my life savings, so it's not a huge deal. But this illustrates why I want transparency in this thread. It applies to me too. Most member on FF ether don't trade real money, or hide behind their computer screen having blown their account several times, and still haven't mastered trading, but they want...
Hi Benaiah,
How much % you risk per trade?
I blew my account several times, hard lessons for me.
I agree that patience and discipline are very important factors.
Also being greedy, which caused me overtrade, is very dangerous.
By the way I have set up TE, is it visible now?
(I set some parts private but not sure how it looks)
  • #1,569
  • Dec 31, 2014 12:00pm Dec 31, 2014 12:00pm
Quoting Idkurv
{quote} Hi Benaiah, How much % you risk per trade? I blew my account several times, hard lessons for me. I agree that patience and discipline are very important factors. Also being greedy, which caused me overtrade, is very dangerous. By the way I have set up TE, is it visible now? (I set some parts private but not sure how it looks)
I risk too much . I do okay for a while, but if I have a few losses, I go into "recovery mode", and increase the risk. Not a good idea.

Can get very frustrating, as I know all one needs to do is look for a few, or even just one set up, and it can be profitable enough. I have so many reasons for entering the market, I succumb to over trading quite often. But I have a few set-ups that I know are very high-probabilty trades. If I can just stick with those, I'd probably have an 80% winning percentage.

I don't see your TE yet. Maybe a problem with FF right now, not sure. I deleted mine to create it again to share the steps, and now I get an error when I create it. Maybe try again?
  • #1,570
  • Jan 2, 2015 12:21am Jan 2, 2015 12:21am
Quoting Oli1066
Very well said. I'm all up for it although I'm a beginner and probably will blow my account. I am here to learn and you can only learn if you are honest to yourself. TE is done. I hope it shows up. Have a good new year everyone and happy and successful trading.
Welcome

I have several open trades, jumped in as soon as the market opened with most of them. But I had analyzed the charts, and planned ahead for most of them before today...

Obviously, the JPY pairs I entered on, namely UJ, look to continue up. But I'll be watching to see if UJ can breach the prior high, to maintain confidence....

I'm excited about the prospects moving forward this year, 2015! I have a new trading plan, updated after my bad start to the week. I'll be trading mostly on the daily chart, with bigger pip targets. For example, my UJ TP target is 1200+ pips at 132.26. UJ moved 1400+ pips last 2 months, so assuming nothing changes, we'll see if we can ride it up for another month or 2...
  • #1,571
  • Jan 2, 2015 12:37am Jan 2, 2015 12:37am
hello 2015

dollar long across the board

UJ holding longs from 119.5 and 120.3 .. targeting new highs, although watching 120.75 closely
  • #1,572
  • Jan 2, 2015 11:00am Jan 2, 2015 11:00am
Very nice dragonfly doji formation on the hour. Long at 120.21. SL at 119.80 TP is open
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 118 KB
Good luck and may the odds be ever in your favor!
  • #1,573
  • Jan 4, 2015 8:41pm Jan 4, 2015 8:41pm
This thread has been very quiet. I'm still focusing on the UJ. This week should be a great week for the dollar. I'm expecting a dramatic buildup and then fireworks on Friday with the NFP. I am long on UJ at 120.20. Stop at 119.80 TP is set high at 125, but will adjust as needed. Here is the one hour chart. We have a bull flag happening right now with a breakout looming. The one hour D extension is at 121.22, but I project that we will blow way past this. Happy trading everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 77 KB
Good luck and may the odds be ever in your favor!
  • #1,574
  • Jan 4, 2015 9:20pm Jan 4, 2015 9:20pm
Quoting dbutton1990
This thread has been very quiet. I'm still focusing on the UJ. This week should be a great week for the dollar. I'm expecting a dramatic buildup and then fireworks on Friday with the NFP. I am long on UJ at 120.20. Stop at 119.80 TP is set high at 125, but will adjust as needed. Here is the one hour chart. We have a bull flag happening right now with a breakout looming. The one hour D extension is at 121.22, but I project that we will blow way past this. Happy trading everyone. {image}
I suspect we'll have fewer posters, since a live TE is required to be attached to posts. But you've always had that, so nothing new for you

I am also long on UJ...
  • #1,575
  • Jan 4, 2015 9:37pm Jan 4, 2015 9:37pm
i am a 6 month live trader with live account. what do mean show a TE in order to post? i have been following the USD/JPY formus and just signed up
  • #1,576
  • Jan 4, 2015 9:45pm Jan 4, 2015 9:45pm
Quoting Amg63
i am a 6 month live trader with live account. what do mean show a TE in order to post? i have been following the USD/JPY formus and just signed up
Hi Amg63 - on your home page, attach a live Trade Explorer. There's a link under your picture. You just need to enter the broker, account information. Then in settings, attach it to your signature. Everything needs to be public except for lots/money...

Ediit: The live TE is only a requirement for this thread
  • #1,577
  • Jan 4, 2015 9:58pm Jan 4, 2015 9:58pm
For any new members or for those who've not seen recent changes to rules for this thread, you can check the 1st post for the rules.

And just to summarize here... Basically, same as FF rules/guidelines for posting. In addition, the primary focus of this thread is looking for buying opportunities with UJ, and the live TE requirement was added to encourage transparency. The goal is for this thread to be truly interactive, in that we can help each other with our trading.

Another benefit of the live TE, is it abbreviates posting, as we don't have to post every trade, in that we can just check each other's TE if we're interested in SL/TP or entry points. This allows us more time to focus on our trading, but at the same time participate in a truly live interactive trading thread.
  • #1,578
  • Jan 4, 2015 10:26pm Jan 4, 2015 10:26pm
tp-ed mine at 120.40 looking for new entry
  • #1,579
  • Jan 4, 2015 10:33pm Jan 4, 2015 10:33pm
Quoting mk5
tp-ed mine at 120.40 looking for new entry
Funny, I was jut thinking about TP, as it is still contained in that H4 wedge/triangle. But I'm going to see if it can make another run at the top first. Still might TP though... We'll see...
  • #1,580
  • Jan 4, 2015 10:52pm Jan 4, 2015 10:52pm
Quoting benaiah
{quote} Funny, I was jut thinking about TP, as it is still contained in that H4 wedge/triangle. But I'm going to see if it can make another run at the top first. Still might TP though... We'll see...
think i'll wait for more retracement. maybe around 119.50 area again. what u think
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