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The Sacred Edge

  • #61
  • Jul 1, 2015 3:45am Jul 1, 2015 3:45am
Quoting ephisi
I thought i was invinsible. Lol But im back to earth, i had one loosing trade on Gbpaud that has brought me back to reality. Though i have closed it. Gbpuud is now rallying towards my target {image}
Let that one go, but record your frustration. The emotional trigger is more important.... it tells you that your bias was right but your a) entry was too early and b) your SL was not big enough to handle drawdown and therefore c) you could be undercapitalised

This is much more helpful than saying that the trade was "bad" or a "loser" because that doesn't tell you anything about yourself or the trade etc.etc. These are the type of questions that lead towards "the flow" which to me is the Holy Grail. Hint: The Holy Grail is You.
A pip is only worth it if you know how much you risked to earn it
  • #62
  • Jul 1, 2015 9:11am Jul 1, 2015 9:11am
Quoting ephisi
{quote} In my opinion bulls taking control gradually, with the help of nfp tomorrow we may se 125/126 again. The jpy is so strong because of safehaven against greece. Jpy is keeping usdjpy from rallying
Great call, I jumped in after seeing the W reversal pattern...
Cheers,
k
  • #63
  • Jul 1, 2015 9:53am Jul 1, 2015 9:53am
Quoting kprsa
{quote} Great call, I jumped in after seeing the W reversal pattern... Cheers, k
Thanks k. Good trading
  • #64
  • Jul 1, 2015 9:56am Jul 1, 2015 9:56am
Quoting vlady1974
{quote} Let that one go, but record your frustration. The emotional trigger is more important.... it tells you that your bias was right but your a) entry was too early and b) your SL was not big enough to handle drawdown and therefore c) you could be undercapitalised This is much more helpful than saying that the trade was "bad" or a "loser" because that doesn't tell you anything about yourself or the trade etc.etc. These are the type of questions that lead towards "the flow" which to me is the Holy Grail. Hint: The Holy Grail is You.
Thanks vlad. The holy grail is you. Im happy i had that loosing trade. GBPAUD hit my target. Its told me something about myself and strategy. I was the problem not the trade. The trade was perfect. Your a b and c are spot on. Abc was exactly what happened to me. lol . But i can tell you i am a beta trader after that experience
  • #65
  • Jul 1, 2015 9:59am Jul 1, 2015 9:59am
Quoting ephisi
Expect a massive rally on the usdjpy. Bulls are taking position. What we are seeing past 2 days is a trap.
I called the bottom of usdjpy drop. Those who saw reason to jumping congrats. Still has room to go up. 124 125 126 if nfp is favourable. Even if nfp isnt favorable i will buy fresh dips. 125 is inevitable. The question is when
  • #66
  • Jul 1, 2015 2:31pm Jul 1, 2015 2:31pm
Quoting ephisi
I thought i was invinsible. Lol But im back to earth, i had one loosing trade on Gbpaud that has brought me back to reality. Though i have closed it. Gbpuud is now rallying towards my target {image}
Keep calm, its just demo.
  • #67
  • Jul 1, 2015 3:24pm Jul 1, 2015 3:24pm
Quoting metta87
{quote} Keep calm, its just demo.
Trolls
  • #68
  • Jul 1, 2015 5:17pm Jul 1, 2015 5:17pm
Definitely not demo...ephisi rules!
  • #69
  • Jul 1, 2015 8:37pm Jul 1, 2015 8:37pm
Quoting Poocher
Definitely not demo...ephisi rules!
Thanks poocher. My broker does not use mt4 but jforex.
  • #70
  • Jul 2, 2015 12:03am Jul 2, 2015 12:03am
Quoting ephisi
{quote} I called the bottom of usdjpy drop. Those who saw reason to jumping congrats. Still has room to go up. 124 125 126 if nfp is favourable. Even if nfp isnt favorable i will buy fresh dips. 125 is inevitable. The question is when
I haven't updated my journal yet but I did take long yesterday on USDJPY and added this morning. The ADP jobs release was very favourable as was Consumer Confidence. It is a trend that every outgoing U.S. President has an uptrend during their last year of presidency.
A pip is only worth it if you know how much you risked to earn it
  • #71
  • Jul 2, 2015 12:38am Jul 2, 2015 12:38am
Quoting vlady1974
{quote} I haven't updated my journal yet but I did take long yesterday on USDJPY and added this morning. The ADP jobs release was very favourable as was Consumer Confidence. It is a trend that every outgoing U.S. President has an uptrend during their last year of presidency.
Hmmmn, interesting trend vlad.
  • #72
  • Jul 3, 2015 12:40am Jul 3, 2015 12:40am
Most pairs are in treniing mode. Price moving in one direction without good opportunities too join in Nothing much to trade. Usdjpy still in buy mode. Will attempt to reach 124 and 125 esppecially on slightest good news
  • #73
  • Jul 3, 2015 4:38pm Jul 3, 2015 4:38pm
http://www.forexfactory.com/showthread.php?p=8362674#post8362674

One of my own sacred edges?
  • #74
  • Jul 4, 2015 1:18am Jul 4, 2015 1:18am
Quoting FXTriumph
One of my own sacred edges?
LOL, you are dethroned by kprsa
Persistence will get it. Consistency will keep it.
  • #75
  • Jul 5, 2015 12:56am Jul 5, 2015 12:56am
Quoting FXTriumph
http://www.forexfactory.com/showthread.php?p=8362674#post8362674 One of my own sacred edges?
Grest bro. Im glad you finally found something. Keep it going
  • #76
  • Jul 6, 2015 5:04am Jul 6, 2015 5:04am
No signals for me except usdjpy longs from last week. Destination of usdjpy remains beteeen 123 and 124. With good news 125 126 is possible
  • #77
  • Jul 6, 2015 5:26am Jul 6, 2015 5:26am
No signals for me except usdjpy longs from last week. Destination of usdjpy remains beteeen 123 and 124. With good news 125 126 is possible
  • #78
  • Jul 6, 2015 8:12am Jul 6, 2015 8:12am
Quoting ephisi
No signals for me except usdjpy longs from last week. Destination of usdjpy remains beteeen 123 and 124. With good news 125 126 is possible
cadchf is a good long at 0.7485 only problem with this trade is the cad ivey pmi in 50minutes. Im long. If the news is bad for cad i will buy again at the bottom. target 50pips more or less
  • #79
  • Jul 6, 2015 9:02am Jul 6, 2015 9:02am
Quoting ephisi
{quote} cadchf is a good long at 0.7485 only problem with this trade is the cad ivey pmi in 50minutes. Im long. If the news is bad for cad i will buy again at the bottom. target 50pips more or less
.

Little or no reaction. Any down move on the cadchf will be slow and difficult with sudden reversal potential
  • #80
  • Jul 6, 2015 9:48am Jul 6, 2015 9:48am
Still on course. Didnt need to add any positions yet
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