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  • #1,035,321
  • Nov 11, 2015 12:19pm Nov 11, 2015 12:19pm
Quoting itmehedi
where is 1.08? Is it still exists there? Hearing all, i stopped my selling mode and bought some juices. But when i try to drink it start to going downward. Give me something i want to die...
We (except gurus) have all been there. No worries, it's part of forex learning process. Dont give up, trade live with a small account and mini lots. Test, backtest and forward test each idea you have, and one day you'ill find your own path.
Good Luck.
Don't be smart. Be rich.
  • #1,035,322
  • Nov 11, 2015 12:20pm Nov 11, 2015 12:20pm
Quoting maximinus
{quote} Which level have you shorted ?
Nothing yet, just praying to my atheist god that it gets there to short it there
  • #1,035,323
  • Nov 11, 2015 12:21pm Nov 11, 2015 12:21pm
Quoting maximinus
{quote} We (except gurus) have all been there. No worries, it's part of forex learning process. Dont give up, trade live with a small account and mini lots. Test, backtest and forward test each idea you have, and one day you'ill find your own path. Good Luck.
Nothing to add....
  • #1,035,324
  • Nov 11, 2015 12:22pm Nov 11, 2015 12:22pm
Quoting Rag2RichesFX
{quote} we'll see. everyone saying the same thing about GBP after last weeks fall, yet it has reversed half of that already. why can't EUR do the same? logic

Just my 2 cents... someone is playing god over Euro and not ready to let it free. I guess just to short till parity and beyond (in Goldman Sachs analyst's voice ) or till it goes to for good.
  • #1,035,325
  • Nov 11, 2015 12:23pm Nov 11, 2015 12:23pm
Quoting janpec1000
{quote} Nothing yet, just praying to my atheist god that it gets there to short it there
Ok, shorted all the way down, took half profit at 3235 and shorted all the way up and I'm now underwater. Very very smart
Don't be smart. Be rich.
  • #1,035,326
  • Nov 11, 2015 12:27pm Nov 11, 2015 12:27pm
Quoting edyraper
{quote} Agree , small accout with small lots for taning I'm also in traning mode , i'm improved my self a lot {image}
balance =1.92
equity=1.61
Margin =1582 !!!

dafuk im seeing?
Sometimes it's better to be wrong,to learn..
  • #1,035,327
  • Nov 11, 2015 12:28pm Nov 11, 2015 12:28pm
credits goes to Ken from that picture
  • #1,035,328
  • Edited 12:47pm Nov 11, 2015 12:33pm | Edited 12:47pm
Everyone says don't add to losing trades, but I say start small and add to a losing trade, if your conviction for the trade being right remains solid.

Just make sure you have an ultimate stop loss for all trades... that's what people mean when they say don't add to losers (don't trade without a stop).

For example, often I will enter because I don't want to miss the move, but I'm not perfect with timing and it goes against me. Why would I close for a loss if I'm confident I will be right? Why would I let noise shake me out? If I get a better price I add to it (which is why I stay small to start). I rarely use stop loss less than 50 pips unless it just a small time frame trade (like m15), or I am very confident in the entry I have being timed properly.

My biggest lack of profits is not from stop losses, it comes from having the right trade and missing the profit, then exiting for a minor loss. For example... I take the minor loss (say 10-20 pips) but more significantly, I don't get the profit (say 40-100pips) from a trade that would have been correct had I not cared about being perfect with entry.

So the net in equity difference is actually in the range of 50/60 to 110/120 pips.. even though the stop was only 10/20 (for example)
Be hopeful in a winning position, and fearful in a losing position.
  • #1,035,329
  • Nov 11, 2015 12:35pm Nov 11, 2015 12:35pm
Quoting maximinus
{quote} Ok, shorted all the way down, took half profit at 3235 and shorted all the way up and I'm now underwater. Very very smart
I missed short at 3280 no alert line was placed, Also missed long down there. As for your underwater short i wouldnt be so easy on it, we had fbo clearing of lows down there, and just formed HL intraday, this could easily take current resistance and travel to 330ish. Best to close that short, and reshort higher and lick the wounds if it gets good.
  • #1,035,330
  • Nov 11, 2015 12:36pm Nov 11, 2015 12:36pm
Quoting itmehedi
where is 1.08? Is it still exists there? Hearing all, i stopped my selling mode and bought some juices. But when i try to drink it start to going downward. Give me something i want to die...
Today's range is less than 75 pips. If you are dying for this tiny range then you are in the wrong business. Take care.
  • #1,035,331
  • Nov 11, 2015 12:41pm Nov 11, 2015 12:41pm
Quoting janpec1000
{quote} I missed short at 3280 no alert line was placed, Also missed long down there. As for your underwater short i wouldnt be so easy on it, we had fbo clearing of lows down there, and just formed HL intraday, this could easily take current resistance and travel to 330ish. Best to close that short, and reshort higher and lick the wounds if it gets good.
Definitely yes. BE is at 3258, so i'll take my loss if it doesnt dive before asia open.
Don't be smart. Be rich.
  • #1,035,332
  • Nov 11, 2015 12:52pm Nov 11, 2015 12:52pm
Quoting maximinus
{quote} Definitely yes. BE is at 3258, so i'll take my loss if it doesnt dive before asia open.
Should get that BE probably, failed to make HH, ill be looking for long around your BE area. 3240 is other one.
Hopefully asia makes some miracle on GJ with stronger push upwards to get something going in London tomorrow. Current structure is short squeeze so shouldnt be hard wish.
  • #1,035,333
  • Nov 11, 2015 12:52pm Nov 11, 2015 12:52pm
could be a rise to 765,entering sunday resistence.? of course i am wrong
  • #1,035,334
  • Nov 11, 2015 12:57pm Nov 11, 2015 12:57pm
Quoting janpec1000
{quote} Should get that BE probably, failed to make HH, ill be looking for long around your BE area. 3240 is other one. Hopefully asia makes some miracle on GJ with stronger push upwards to get something going in London tomorrow. Current structure is short squeeze so shouldnt be hard wish.
If you long, dont forget that the first level you mentionned (3214) is the 2nd bear target (the one I expected shorting all the way up) after the one we reached at 3233.
Don't be smart. Be rich.
  • #1,035,335
  • Nov 11, 2015 1:08pm Nov 11, 2015 1:08pm
Quoting maximinus
{quote} If you long, dont forget that the first level you mentionned (3214) is the 2nd bear target (the one I expected shorting all the way up) after the one we reached at 3233.
I guess you mean 3241. If we land there softly ill try long. Ill be risking small as long as lower TF gets me that, otherwise its just missed/no entry.
If HH fail means something it should go down from here 3270 to 3255-50. But that are all shoulds eh, all it matters is entry. 3250ish ill watch, 3240 other one.
  • #1,035,336
  • Nov 11, 2015 1:19pm Nov 11, 2015 1:19pm
EU BUY
Attached Image (click to enlarge)
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  • #1,035,337
  • Nov 11, 2015 1:21pm Nov 11, 2015 1:21pm
Quoting janpec1000
{quote} I guess you mean 3241. If we land there softly ill try long. Ill be risking small as long as lower TF gets me that, otherwise its just missed/no entry.
No no, I mean 3214.
3255 to 3280 Acc or Dist levels. If asia break above 3280 my shorts a fu**ed. If price stay < 3255 then I expect 3214.

Quoting janpec1000
{quote} I guess you mean 3241. If we land there softly ill try long. Ill be risking small as long as lower TF gets me that, otherwise its just missed/no entry. If HH fail means something it should go down from here 3270 to 3255-50. But that are all shoulds eh, all it matters is entry. 3250ish ill watch, 3240 other one.
We are on the same page.
Don't be smart. Be rich.
  • #1,035,338
  • Nov 11, 2015 1:24pm Nov 11, 2015 1:24pm
oil is at sensitive area
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.
  • #1,035,339
  • Nov 11, 2015 1:25pm Nov 11, 2015 1:25pm
3270 is either gona now be full house or nut kick. If shorting i would do it there risking 2-3 pips. RR is 1:5+ But not in.
  • #1,035,340
  • Nov 11, 2015 1:36pm Nov 11, 2015 1:36pm
Quoting maximinus
{quote} No no, I mean 3214. 3255 to 3280 Acc or Dist levels. If asia break above 3280 my shorts a fu**ed. If price stay < 3255 then I expect 3214. {quote} We are on the same page.
Btw you shouldnt be bolding out my levels of less than H1 TFs. There are some guys here hunting for us. You are exposing me, not fair. If they take me, ill be taking you with me.
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