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  • #957,081
  • Feb 3, 2015 1:56pm Feb 3, 2015 1:56pm
Quoting Chicky
I am waiting for another push higher before NY Close. All bears, please wish me good luck.
Good luck!
  • #957,082
  • Feb 3, 2015 2:03pm Feb 3, 2015 2:03pm
for the road lets see if zup is cooool
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  • #957,083
  • Feb 3, 2015 2:06pm Feb 3, 2015 2:06pm
Terrible day for me. The moment you feel confident, you just witness sth totally unexpected. Anyway, I have no other choice than trading once my nerves calm down. Well done all who were long from 1.1300s. I was expecting this move last week. I feel like an idiot atm. Anyway. sth interesting to look at: (This is USA only)

http://www.retale.com/info/retail-in-real-time/
  • #957,084
  • Feb 3, 2015 2:10pm Feb 3, 2015 2:10pm
Quoting maldegnegi
Terrible day for me. The moment you feel confident, you just witness sth totally unexpected. Anyway, I have no other choice than trading once my nerves calm down. Well done all who were long from 1.1300s. I was expecting this move last week. I feel like an idiot atm. Anyway. sth interesting to look at: (This is USA only) http://www.retale.com/info/retail-in-real-time/

sorry man u better have a stop loss and dont go against the trend
  • #957,085
  • Feb 3, 2015 2:15pm Feb 3, 2015 2:15pm
Hello all,

First time posting in EUR/USD. Today was a fun day with the volatility that finally picked up! Had a total of 73 trades fire off today from the smaller time-frame algos. Although quite contrarian, the longer term target for the EURUSD is still 1.25 for the larger-time algos. Looking forward to posting more in this thread!
  • #957,086
  • Feb 3, 2015 2:16pm Feb 3, 2015 2:16pm
Quoting kill56
{quote} sorry man u better have a stop loss and dont go against the trend
I tought the trend was still down and after all those rejections around 1.1360s, I became too confident. Actually my game plan was to witness a HL - higher than 1.1097 - and then take the long trade. I got pretty much beaten up, I need some time to watch and reassess what I need to do. Thank you. Bad day for me indeed.
  • #957,087
  • Feb 3, 2015 2:17pm Feb 3, 2015 2:17pm
Quoting Tom_D_Trader
{quote} This is squeeze, bcos of Oil. But whats wrong with 1,2+? Regular correction of downtrend, lets say in 5 months Edit: Btw m15 Oil peaking...
In a timeline of a quarter+, 1.20 isn't impossible. But people are predicting 1.20+ with the given current information, fundamentals, and etc. If we have a major news in the coming weeks (ex: Fed decided it won't cut rates this year), then I expect the eur/usd to make new highs above current daily, of course. But right now? Too many economic forces at work to make this sustainable.

I prefer to just keep adding small shorts. Hedging bets with the SNB buying up the euro again has given me enough funds to keep going for a long, looong time.
  • #957,088
  • Feb 3, 2015 2:24pm Feb 3, 2015 2:24pm
Quoting maldegnegi
Terrible day for me. The moment you feel confident, you just witness sth totally unexpected. Anyway, I have no other choice than trading once my nerves calm down. Well done all who were long from 1.1300s. I was expecting this move last week. I feel like an idiot atm. Anyway. sth interesting to look at: (This is USA only) http://www.retale.com/info/retail-in-real-time/
Man I am the exact same as you! I placed a short around 1.1380 expecting it to go down and it just hiked up.. I had already reached my day goal and broke that to enter this trade..
Today I learnt two personal rules..
Don't be greedy! - I had already made my day profit... Now I have lost it 3 fold.
Don't trade when important notices are going on.. ha!

Otherwise thank goodness it is a demo account, but I am still learning..
Up and coming champion Pip collector.
  • #957,089
  • Feb 3, 2015 2:24pm Feb 3, 2015 2:24pm
Quoting maldegnegi
Terrible day for me. The moment you feel confident, you just witness sth totally unexpected. Anyway, I have no other choice than trading once my nerves calm down. Well done all who were long from 1.1300s. I was expecting this move last week. I feel like an idiot atm. Anyway. sth interesting to look at: (This is USA only) http://www.retale.com/info/retail-in-real-time/
ufff I saw your blotter. Sincerely sorry mate.

Remember we all have been there and done that. so fck the trend, fck the euro fck the psychology/technical/fundamental recommendation in times like this.

Just close your screens, hit to the bar, grab a few beers and let it settle down. Then close the shop for a few weeks, don't peak the markets, don't peak charts, see if you are ready to come back.

GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #957,090
  • Feb 3, 2015 2:32pm Feb 3, 2015 2:32pm
Quoting goldfinch
{quote} The only way for your nerves to calm down is to take the fear of losing money out of the equation. The only way to do that is write down your trading plan and go trade on a demo account with the same amount of money in it as your live one. Then go double that account. Start another one and do it again, and again, and again. Then go finetune your written trading plan and then, only then start live trading again. That is the only way to overcome that little monster called fear. You need to become almost non emotional in your trading and you...
I hear what you are saying sir, I was doing pretty good initially when I first started and then lost control and tried to get all the losses back with a few trades and actually ignored my plan totally today with all that excitement and fear I had. I won't trade live until I feel ready. I am experienced with equities and equity futures but this thing is totally a new area for me. I came across this site purely by chance and was interesting to see many traders around the globe.

I am just glad, I didn't start this with a higher capital two months ago. Lost 11K so far, surely a large amount but won't change anything in my life.

I need some more experience and get a better plan and most importantly trade the plan I have. I was a total amateure today, can't believe it. I knew 1.1360 - 1.1375 area was important and I actually hedged all around 1.1380s and then. I couldn't resist my gred and closed the hedges once 1.1450 couldn't be breached. anyway, need a drink or two. Bad trading.

Thank you indeed. It is good to have company while trading. I hope some of us made money today.
  • #957,091
  • Feb 3, 2015 2:34pm Feb 3, 2015 2:34pm
Quoting sisse
{quote} ufff I saw your blotter. Sincerely sorry mate. Remember we all have been there and done that. so fck the trend, fck the euro fck the psychology/technical/fundamental recommendation in times like this. Just close your screens, hit to the bar, grab a few beers and let it settle down. Then close the shop for a few weeks, don't peak the markets, don't peak charts, see if you are ready to come back. GL sisse

Yes bar, exactly what I am planning atm sir. I saw your posts as well today and you mentioning 1.1500s. I dont know what I was thinking. Never mind. It is my mistake. Thank you.
  • #957,092
  • Feb 3, 2015 2:44pm Feb 3, 2015 2:44pm
Quoting goldfinch
Write it down though, write an essay about what Maldegnegi did and why and what Maldegnegi needs to do to avoid a recurrence.
Very good advice indeed. I use it myself all the time. I need to remind myself constantly not to do stupid things. It really helps and has improved my results dramatically. I still make mistakes of course but the impact is just so much smaller.
  • #957,093
  • Feb 3, 2015 2:48pm Feb 3, 2015 2:48pm
The beauty of demo accounts is that you can refine your trading strategy to a fine T before you enter live...
Up and coming champion Pip collector.
  • #957,094
  • Feb 3, 2015 3:06pm Feb 3, 2015 3:06pm
to keep .148 or not to keep. Asia never pleases me!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #957,095
  • Feb 3, 2015 3:09pm Feb 3, 2015 3:09pm
i hope to return to 1.365
  • #957,096
  • Feb 3, 2015 3:10pm Feb 3, 2015 3:10pm
Quoting Vermillion
{quote} In a timeline of a quarter+, 1.20 isn't impossible.
I know. Was a joke. Its pointless to try to calm them down. Better hit ignore. Loaded my first euro minishort , waiting with hammer much much higer.
"I know one thing, that I know nothing." Sokrates
  • #957,097
  • Feb 3, 2015 3:15pm Feb 3, 2015 3:15pm
Quoting goldfinch
{quote} Longs a bit underwater?
a few bad decisions.. :/ i fight with this psycho
  • #957,098
  • Feb 3, 2015 3:18pm Feb 3, 2015 3:18pm
Quoting goldfinch
{quote} I just had a look at your account and you blew 20% of your balance on 40 pips, that is just insane moneymanagement, that trade was 20 times too big for the size of your account. That is gambling, not trading. For 300 pips you did nothing but sell it, each trade slightly higher. At no time did you stand back and thought, hold on there, am I on the right side here of the intraday move? You blew your account so now is a great time to take a break and start afresh in a few days, or a few weeks when you are ready with a demo account and start...
Thank you so much for taking the time and explaining to me Goldfinch, really appreciate that. Indeed you are right. I acted irresponsible even tough I had a plan to hedge completely if 1.1375 is taken which I actually did and yes I had 4 lots of short and at that time was enjoying the large leverage option of my broker. Really stupid I know. As you have seen the trades I have done above 1.1430s is just manic depressiv. just stupid. traded like an amoc runner.

Another problem I have is, demo trading you are saying fine but I have done that and saw that I could trade. I think it is very different when you trade live. demo trading may help a trader for sure but how much. live trading is really different.

Also as I wrote before I am experienced in equities and never traded a small account with those. I am not used to small account trading I get bored or distracted if the amount is not signifcant. I will however listen to your advice and take some time off and then trade demo first for a few weeks and then if I feel ready fund my account say 10 - 20 K and then start trading and wont use that much leverage.

I am sure you know how I feel atm. anyway, need some more drink to ease my pain Thank you very much again sir. That is very gentleman of you taking the time to share your toughts.
  • #957,099
  • Feb 3, 2015 3:19pm Feb 3, 2015 3:19pm
Quoting Tom_D_Trader
{quote} I know. Was a joke. Its pointless to try to calm them down. Better hit ignore. Loaded my first euro minishort , waiting with hammer much much higer.
Lets ride that nasty thing down. It had enough. Time to go where it bellongs, maybe here:
http://upload.wikimedia.org/wikipedi...h_location.jpg

Sell pending GJ 178.35 SL above high. GJ you had enough too. Go trigger my short and join EU party on down side.
  • #957,100
  • Feb 3, 2015 3:22pm Feb 3, 2015 3:22pm
Quoting janpec1000
{quote} Lets ride that nasty thing down. It had enough. Time to go where it bellongs, maybe here: http://upload.wikimedia.org/wikipedi...h_location.jpg Sell pending GJ 178.35 SL above high. GJ you had enough too. Go trigger my short and join EU party on down side.
No way! it just broke all resistants. expect the pair to touch 16.3
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