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  • #321
  • Aug 7, 2016 10:14pm Aug 7, 2016 10:14pm
hello all. am i qualified to post on this thread?
  • #322
  • Aug 7, 2016 11:54pm Aug 7, 2016 11:54pm
hello everybody, how are you guys? any trading ideas? im looking at aud usd, its in a resistance level, waiting for a clear price action rejecting signal on a day, 4hr or 1hr chart.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #323
  • Edited 7:09am Aug 8, 2016 12:04am | Edited 7:09am
Quoting Brucasella1
hello everybody, how are you guys? any trading ideas? im looking at aud usd, its in a resistance level, waiting for a clear price action rejecting signal on a day, 4hr or 1hr chart.
AUDUSD range is to tight, it is only 78. Our PVSRA ADR derived based on the averaging period day=15, week=13. The special range averaging process for the Day range lines skips any brief Sunday sessions of some brokers, which would drag the average down. The Week range lines use the standard ATR formula since brief Sunday sessions do not much affect the results.

My initial R:R would be 1:1. With 1/3 ADR, We got only 26 pips TP and SL. That would be to tight for burst sudden move. I trade major pairs, So I would focus my intention on USDCAD, USDJPY, and GBPUSD, since these pairs have wider ADR than that AU, UChf, or EU. Maybe I will wait until London Open to see more activity, more volatility.

Note edit:
-But lets see if the good setup coming, so I will trade AU and UChf too...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #324
  • Aug 8, 2016 1:09am Aug 8, 2016 1:09am
for those who believe that the yen will weaken again, AUDJPY seems to be the best to go long in.
  • #325
  • Aug 8, 2016 7:28am Aug 8, 2016 7:28am
Quoting 1colinfirst
for those who believe that the yen will weaken again, AUDJPY seems to be the best to go long in.
and we are up about 50 pips from where we began. still room to go
  • #326
  • Aug 8, 2016 7:39am Aug 8, 2016 7:39am
Quoting 1colinfirst
{quote} and we are up about 50 pips from where we began. still room to go
Well, this is Monday, 50 pips are good pips when market prices change slowly, so take it. A day like billion days.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #327
  • Aug 8, 2016 7:53am Aug 8, 2016 7:53am
Quoting RoelsMajor
{quote} Well, this is Monday, 50 pips are good pips when market prices change slowly, so take it. A day like billion days.
agreed. but thats not the way i trade. more of a swing trader. so i shall wait. however excruciating it may be
  • #328
  • Aug 8, 2016 7:53am Aug 8, 2016 7:53am
Hi,

Please count me in!

Mark
  • #329
  • Aug 8, 2016 7:59am Aug 8, 2016 7:59am
you guys know what my problem is with trading? It's overtrading and i get nervous and angry when i'm in a loss and then i can be destructive because i want to recover fast to get lost of the nerves. Because of this emotion i can blow up my account in a day...
I know that when i keep trading like this that i can be profitable, but i also know that there will be a day that i will be destructive again.
How can we control this emotion?
  • #330
  • Aug 8, 2016 8:02am Aug 8, 2016 8:02am
Maybe it's because aiming for a shitload % a day 4 to 10 percent is to much.

I'm not nervous of losing my $100,- investment but i'm nervous about losing my dream....

Who can recognise his/her self in this?
  • #331
  • Aug 8, 2016 8:03am Aug 8, 2016 8:03am
Quoting Robst3r
you guys know what my problem is with trading? It's overtrading and i get nervous and angry when i'm in a loss and then i can be destructive because i want to recover fast to get lost of the nerves. Because of this emotion i can blow up my account in a day... I know that when i keep trading like this that i can be profitable, but i also know that there will be a day that i will be destructive again. How can we control this emotion?
take the rest of the day off if you have a loser. dont even look at the charts for a day. clear the mind and the emotions then get back to work
  • #332
  • Aug 8, 2016 8:06am Aug 8, 2016 8:06am
Quoting Robst3r
Maybe it's because aiming for a shitload % a day 4 to 10 percent is to much. I'm not nervous of losing my $100,- investment but i'm nervous about losing my dream.... Who can recognise his/her self in this?
the irony is it's your nervousness about losing your dream which is the reason behind losing your dream.
  • #333
  • Aug 8, 2016 8:24am Aug 8, 2016 8:24am
Quoting Robst3r
you guys know what my problem is with trading? It's overtrading and i get nervous and angry when i'm in a loss and then i can be destructive because i want to recover fast to get lost of the nerves. Because of this emotion i can blow up my account in a day... I know that when i keep trading like this that i can be profitable, but i also know that there will be a day that i will be destructive again. How can we control this emotion?
Nice trades there mate! Well you need good sleep after loss. Its so hard to control emotion, a few can with a good practice in the very long time. You should reduce your dream a bit.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #334
  • Aug 8, 2016 8:28am Aug 8, 2016 8:28am
Quoting Robst3r
Maybe it's because aiming for a shitload % a day 4 to 10 percent is to much. I'm not nervous of losing my $100,- investment but i'm nervous about losing my dream.... Who can recognise his/her self in this?
calm down. 4% a month is what you should be trying to achieve rather than 4% a day. that is insane and not doable over a consistent period of time. If anyone can, he would be trading billions at GS than struggling with a $1000 account. so calm down, take it easy. everyone goes through this. i did too. but managed to overcome it slowly. now i trade spot FX and FX options as well and make a living.
  • #335
  • Aug 8, 2016 8:52am Aug 8, 2016 8:52am
Monday, tuesday, Wednesday, Thursday Friday.
ALL DAYS SUCK for trading
  • #336
  • Aug 8, 2016 8:54am Aug 8, 2016 8:54am
Quoting 1colinfirst
{quote} calm down. 4% a month is what you should be trying to achieve rather than 4% a day. that is insane and not doable over a consistent period of time. If anyone can, he would be trading billions at GS than struggling with a $1000 account. so calm down, take it easy. everyone goes through this. i did too. but managed to overcome it slowly. now i trade spot FX and FX options as well and make a living.
Yea, thats happening to Me now. Insane target! Too much risk, and overtrading. What happen with this AU pair? Keep pushing higher. Lost my discipline becoz of this. Will cutloss if necessary.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #337
  • Aug 8, 2016 9:06am Aug 8, 2016 9:06am
Great Thread.
I Just started Trading Live, but yet to make any money
Lets all do it together

My Current position - short Yen through U/J and A/J
  • #338
  • Aug 8, 2016 9:06am Aug 8, 2016 9:06am
Quoting RoelsMajor
{quote} Yea, thats happening to Me now. Insane target! Too much risk, and overtrading. What happen with this AU pair? Keep pushing higher. Lost my discipline becoz of this. Will cutloss if necessary.
Looks still like it.

Attached Image (click to enlarge)
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  • #339
  • Aug 8, 2016 9:27am Aug 8, 2016 9:27am
Quoting Robst3r
Maybe it's because aiming for a shitload % a day 4 to 10 percent is to much. I'm not nervous of losing my $100,- investment but i'm nervous about losing my dream.... Who can recognise his/her self in this?

Take this like an excercise of your mind, put some hours to check the charts, analize them, set the trade if there is somehting and then forget about it, let your sl and tp do the rest, put some rules to enter a trade, if their isnt any good trade turn off your computer. Its discipline. Dont look at your funds, look at your growing percentage.

Dont be in the charts all day, dont be i one trade all day looking how the minutes candles moves. try to avoide the chart sickness.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #340
  • Aug 8, 2016 9:58am Aug 8, 2016 9:58am
Quoting 1colinfirst
hello all. am i qualified to post on this thread?
No, you are not
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