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The Wanderings of Tashkent

  • #221
  • Feb 19, 2015 12:09pm Feb 19, 2015 12:09pm
Quoting tashkent
{quote} Hello MaryAnn, I am doing pretty well and looks like this year will be lucky (i was on the right side of the trades with two pairs - short USDCHF and short EURUSD at that unforgettable day). I read many were on the wrong side and lost their accounts. I am really sorry for them nobody knew that coming, it was pure luck. These days pretty busy with some researches which has no relation to forex but trying not to miss the good moves at the same time. i may not have time to participate in FF often but will keep an eye on interesting topics....
Wow and you managed to bank profits from the short USDCHF trade? No "adjustments" to pass losses? Others i knew got losses even if hit their TP due to the 4000+pips spread suddenly. So... this means your broker is honest and you should continue to stick with them

I am doing ok here. Seems 2 of my broker (new one) had some server problem. During recent NFP few hours before it no candle on all pairs... refreshing chart could not help. another one had this "off quotes" for quite long. later i found out both using LMAX as LP... wondering its a LMAX issue.

Also, u gonna love this. Found out this forum member Joshi90 who kept defending icmarkets my previous scam broker that hit headlines for fake margin calls http://www.smh.com.au/business/marke...#ixzz3Py4OV9EE was actually a staff! LOL amazing or no?

No wonder always have fictitious price to stop u out (someone jus posted about this here too), server problems etc. Man, this industry is profitable but plagued with too many bad ones.
  • #222
  • Feb 19, 2015 12:11pm Feb 19, 2015 12:11pm
Quoting AdelPC
Hi Tashkent, MaryAnne & visitors, Hope FX 2015 has treated you all well, even in lights of all those surprising market moves. I've been busy with some work that diverts attention from FX, feeling very annoyed. A few open positions I have are whipped up, down, left, right & everywhere and I'm amazed at the unpredictability. Hopefully will be back end-of-Feb, and be determined to fight to win.
Indeed, AdelPC. Something is going on behind the scenes... Very volatile market these days. Hope to hear from you again soon! Took a break cos from forum for a while.
  • #223
  • Feb 19, 2015 4:07pm Feb 19, 2015 4:07pm
Quoting tashkent
{quote} Hi AdelPC! good to hear from you. This year I made a decision to learn a new language and my every spare minute is being spent on that purpose. So far memorized a few hundred words and how to read and write (because the letters are different) right now taking easy on forex, because if i get involved too much in it, then forget about the new language however i will be around.
Oh, no! Not a language... I'm not even fluent in my mother tongue Chinese Mandarin. I admire and amaze at those that LEARN a new language, because I HATE HUMAN LANGUAGES and it's quite impossible for me to LEARN other languages. I was pretty good and keen at computer languages (such as C-language) though.
When in doubt, HEDGE
  • #224
  • Edited 11:43am Jun 15, 2015 10:28am | Edited 11:43am
Hey guys! hope everybody is safe and kicking!

opened up my new trade explorer and made public just to share with you some of my trades and statistics. i will try to stay conservative but sometimes may get into some really risky trades (this is the reason i called the TE extreme), at those times i will make the TE private to avoid people copying these risky deals (such things happen).
I will let you know if I blow up the account
As Above, So Below
  • #225
  • Jun 15, 2015 4:12pm Jun 15, 2015 4:12pm
Quoting tashkent
Hey guys! hope everybody is safe and kicking! opened up my new trade explorer and made public just to share with you some of my trades and statistics. i will try to stay conservative but sometimes may get into some really risky trades (this is the reason i called the TE extreme), at those times i will make the TE private to avoid people copying these risky deals (such things happen). I will let you know if I blow up the account
Hi Tashkent, Good to see you back. I thought you wandered off and gone. I had to reset my password to get back in too.

Could you share TE for risky trades as well, but indicate when a trade is risky? I'd be interested to figure out when is a trade a risky trade.
When in doubt, HEDGE
  • #226
  • Jun 15, 2015 5:33pm Jun 15, 2015 5:33pm
Hi Adel,
How are you doing my friend? How is your trading?
I will also try to analyze some of the good and bad trades (no matter how much i hate that word "anal-yzing")

so far, the worst trade was this one. it was friday just an hour before the close and i should have just stopped trading. i thought i saw an easy setup for 2-3 pips and took a trade with a high leverage. saw price did not move my way, chickened out and took a pretty big loss (-1.8%) just to see after 2 minutes that my initial entry was not too bad, i just acted 2 minutes early
this is how high leverage plays with our mind
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As Above, So Below
  • #227
  • Jun 15, 2015 7:07pm Jun 15, 2015 7:07pm
Quoting tashkent
Hi Adel, How are you doing my friend? How is your trading? {image}
From Dec 14 to April 15 I was actually quite successful. Started to be very confident and in fact I managed to double my tiny live account. Then I increased lotsize from 0.01 to 0.02.
Unfortunately in the ensuing weeks I started losing and kept losing. Adding to the woes was blindly dumping my trades due to despair. Lost all confidence, back to trading 0.01 lot size. Now determined not to dump trades again, try limiting loses through proper hedging and to regain self confidence.
Asking myself what had changed from good to bad, I realized that during the period of good gain the market trend was quite clear and I was actually riding an easy trend. However in the last few weeks I simply could not read the trend. It seems many traders are caught out too and are stuck with losing short EUR trades, for instance. They all say euro will drop again, which I believe. But in the mean time, the rising euro is going to cost them big.
When in doubt, HEDGE
  • #228
  • Jun 15, 2015 7:21pm Jun 15, 2015 7:21pm
Quoting AdelPC
{quote} From Dec 14 to April 15 I was actually quite successful. Started to be very confident and in fact I managed to double my tiny live account. Then I increased lotsize from 0.01 to 0.02. Unfortunately in the ensuing weeks I started losing and kept losing. Adding to the woes was blindly dumping my trades due to despair. Lost all confidence, back to trading 0.01 lot size. Now determined not to dump trades again, try limiting loses through proper hedging and to regain self confidence. Asking myself what had changed from good to bad, I realized...
great to hear you had a few successful months! I remember once you said you never had a winning month. Now you are talking! Now, this is the beginning
I am a guy full of secrets and I will open one of them today:

Always try to remember and memorize EVERY SINGLE DETAIL of your successful trades (to nanoseconds if possible, starting from how you felt before the trade to how you executed the close, from psychology to technicalities). This is the SECRET of building a SKILL!
As Above, So Below
  • #229
  • Jun 15, 2015 7:28pm Jun 15, 2015 7:28pm
Quoting tashkent
{quote} great to hear you had a few successful months! I remember once you said you never had a winning month. Now you are talking! Now, this is the beginning I am a guy full of secrets and I will open one of them today: Always try to remember and memorize EVERY SINGLE DETAIL of your successful trades (to nanoseconds if possible, starting from how you felt before the trade to how you executed, how, when, why so on). This is the SECRET of building a SKILL!
Yes, that was the very first time I had such a long period of success. My trading behavior now is different from then. I will try to recall what made me successful then and repeat the same trading behavior again. Thank you for the tip again.
When in doubt, HEDGE
  • #230
  • Jun 15, 2015 7:39pm Jun 15, 2015 7:39pm
Quoting AdelPC
{quote} Yes, that was the very first time I had such a long period of success. My trading behavior now is different from then. I will try to recall what made me successful then and repeat the same trading behavior again. Thank you for the tip again.
I see you hedge. I do not, however I have something for you. I like his approach and you also may benefit from some of his advises.
Enjoy

Inserted Video
As Above, So Below
  • #231
  • Jun 16, 2015 7:20am Jun 16, 2015 7:20am
Ok guys,
I am pretty close to blow up my extreme account
right now fighting hard to keep it alive but chances are pretty tiny.
Will keep you updated
As Above, So Below
  • #232
  • Jun 16, 2015 7:57am Jun 16, 2015 7:57am
Quoting tashkent
{quote} I see you hedge. I do not, however I have something for you. I like his approach and you also may benefit from some of his advises. Enjoy
Thanks for the video. I will take a look.
Haven't got time to trade today. But I noticed market is very treacherous today - eg. Sharp push up of euro then fell unexpectedly & steeply. Caught many by surprise.
When in doubt, HEDGE
  • #233
  • Jun 16, 2015 9:58am Jun 16, 2015 9:58am
indeed, quite tough a day it is. that fall was crushing. still not much sign of recovery. feels like aiming lower.
As Above, So Below
  • #234
  • Jun 16, 2015 10:52pm Jun 16, 2015 10:52pm
Hi Tashkent, I've never known about Joseph Nemeth and his 4X-DAT method, even though I recall seeing a few forex ad promoting 4X-DAT. I think he makes sense and the technique is sound. My hedging is caveman in comparison and has lots of room for improvement. I'm wondering if many big players are using 4X-DAT technique, which I think could explain some crazy up-down movements that we see recently.
When in doubt, HEDGE
  • #235
  • Jun 17, 2015 12:32am Jun 17, 2015 12:32am
Quoting AdelPC
Hi Tashkent, I've never known about Joseph Nemeth and his 4X-DAT method, even though I recall seeing a few forex ad promoting 4X-DAT. I think he makes sense and the technique is sound. My hedging is caveman in comparison and has lots of room for improvement. I'm wondering if many big players are using 4X-DAT technique, which I think could explain some crazy up-down movements that we see recently.
I don't doubt there are many professionals who use this method or at least something similar. However it has some drawbacks like disasters of not using sl during extreme volatile conditions as happened with CHF a few months ago. So one need to address such issues before fully applying the method.
I believe the seemingly chaotic swings are largely explained by the big corporate orders and the monetary policy of the countries rather than speculative trading.
As Above, So Below
  • #236
  • Edited 4:45pm Jun 17, 2015 4:34pm | Edited 4:45pm
Interesting chart. will it go up or come down?
I have been long since last week waiting for this kind of move and what i am so pissed off with is that i missed a good chance while stuck with a trade where i accidentally bought 10 times of what i thought was buying (found out after a few minutes when it was too late to get out) and missed an excellent opportunity to buy at a great price (around 1.1230). and i was in the meeting when the FOMC thingy took place. I am very sure would have gotten into at around 1.1210 with a decent size. well... this is called luck
Attached Image (click to enlarge)
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As Above, So Below
  • #237
  • Jun 17, 2015 10:54pm Jun 17, 2015 10:54pm
Quoting tashkent
Interesting chart. will it go up or come down? I have been long since last week waiting for this kind of move and what i am so pissed off with is that i missed a good chance while stuck with a trade where i accidentally bought 10 times of what i thought was buying (found out after a few minutes when it was too late to get out) and missed an excellent opportunity to buy at a great price (around 1.1230). and i was in the meeting when the FOMC thingy took place. I am very sure would have gotten into at around 1.1210 with a decent size. well... this...
Last week I accidentally bought 1 Lot instead of 0.01. That costed me more than 1% of my account.
In the past I had accidentally clicked Sell instead of Buy; not to mention closing trades by accident.
When in doubt, HEDGE
  • #238
  • Edited 7:22pm Jun 18, 2015 7:04pm | Edited 7:22pm
as promised update on my TE: still alive. anyone interested may check the trades and the statistics. first half of the gains belong to anti-trend trades when EU was down but i was bullish, the second half belongs to trades when trend turned upwards and i was still buying. anyone who would like to be profitable in loner term must be able to trade and profit under both conditions - against the trend and along with the trend. saying that, in no way i consider myself a skilled trader. most probably i have been lucky so far and in the past
As Above, So Below
  • #239
  • Jun 18, 2015 11:52pm Jun 18, 2015 11:52pm
Quoting tashkent
as promised update on my TE: still alive. anyone interested may check the trades and the statistics. first half of the gains belong to anti-trend trades when EU was down but i was bullish, the second half belongs to trades when trend turned upwards and i was still buying. anyone who would like to be profitable in loner term must be able to trade and profit under both conditions - against the trend and along with the trend. saying that, in no way i consider myself a skilled trader. most probably i have been lucky so far and in the past ...
Sigh... dumped all trades at a big dent to my account once again last night... couldn't take it anymore.
You're right to be profitable one needs to be profitable both anti-trend and with trend.
The 'successful' technique I used previously is useless after all. I need to think about being able to trade with trend & anti-trend, and try again...
When in doubt, HEDGE
  • #240
  • Jun 19, 2015 12:44am Jun 19, 2015 12:44am
taking losses is part of the trading. one always must know how to take the losses too, otherwise will become too painful. just dumped a bunch of eu longs after became too uncomfortable with how things are playing out in the charts. my believe of reaching 1.15 has become much weaker, even though there is still a hope i decided to take a break so right now have no direction. will try to scalp here and there in both ways. will keep looking at the chart until see something.
As Above, So Below
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