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  • #921
  • Edited 2:20pm Sep 7, 2016 2:05pm | Edited 2:20pm
Quoting Peruvian80
{quote} im a emotional person too. thats a bad thing to us. we need to be cold.
No need to be cold. Just in control. Can you enter a trade and walk away from it? If you cannot do this, you should not enter a trade.

Each trade you enter, you need to be in acceptance of the outcome, regardless of what that is. If you are not in acceptance of a potential loss or drawdown, do not enter the trade.

Once you learn to accept the uncertain outcome before you enter the trade, you will be in control of your emotions...

So.. Every decision we make we need to accept the consequences of that decision. The emotional breakdowns occur when things go bad for us, and we did not expect it, and therefore, we do not accept it...
  • #922
  • Sep 7, 2016 2:38pm Sep 7, 2016 2:38pm
Well, I think the poll regarding start date, and profit target dates, has been up long enough.

I think the results are quite telling. It's about even, in that some want to have end of year profit target, and others want to have other start date, according to individual preference. But most votes were to allow for both end of year and individual. So, I think that's what we'll do.

So, in reality nothing changes. If you want to re-start at the beginning of the year, just change your start date.

I will probably keep an eye on results in both scenarios for myself. I'd like to evaluate my performance at the end of this year, and also if/when I reach 1 year profitability next year, as well as where I am at the end of next year.
Attached Image (click to enlarge)
Click to Enlarge Name: results.png Size: 181 KB
  • #923
  • Sep 7, 2016 2:51pm Sep 7, 2016 2:51pm
Quoting Fisher755
{quote} There is a link on my profile and also an old thread here at FF. {quote} Looks like he doesn't, no. Very nice trading there and looks like good control of emotions too. Something I will never completly master, because I am emotional person.
Thank you for that mate! Look that tomorrow when i feel a bit better.
  • #924
  • Sep 7, 2016 2:52pm Sep 7, 2016 2:52pm
Was watching UJ over past 24 hours, and it looked like it would bounce before it got to all of my pending buys (it actually almost literally "touched" my buy at 102, lol), so entered a couple positions at market. Still have pending buys in case it does get back down there. Will wait and see what kind of daily close we have, and how Asian session looks to see how to manage current positions...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYdaily.png Size: 76 KB
  • #925
  • Sep 7, 2016 3:21pm Sep 7, 2016 3:21pm
Quoting Mr.Dan
{quote} Thank you for that mate! Look that tomorrow when i feel a bit better.
Take your time. It is not easy task ahead of you. (Hope it will not add to your headache, so much studying.. )
PVSRA
  • #926
  • Sep 7, 2016 4:05pm Sep 7, 2016 4:05pm
Quoting Fisher755
{quote} Take your time. It is not easy task ahead of you. (Hope it will not add to your headache, so much studying.. )
Hopehully no. Gonna see my doctor tomorrow as well.
  • #927
  • Sep 7, 2016 10:36pm Sep 7, 2016 10:36pm
Quoting Fisher755
{quote} There is a link on my profile and also an old thread here at FF. {quote} Looks like he doesn't, no. Very nice trading there and looks like good control of emotions too. Something I will never completly master, because I am emotional person.
Quoting Peruvian80
{quote} im a emotional person too. thats a bad thing to us. we need to be cold.
Yes, you are right, i don't have system and i just use some very simple and basic indicators (RSI, MACD, SMA, DMI etc)
that's why i would like to look into some trading systems
actually i am quite emotional too (if you look at those trades i made last Friday hahaha)
  • #928
  • Sep 7, 2016 10:48pm Sep 7, 2016 10:48pm
Anyone joining the XM competition? http://www.xm.com/forex-world-championship/overview
im participating in round 4
  • #929
  • Sep 7, 2016 11:25pm Sep 7, 2016 11:25pm
Quoting benaiah
Was watching UJ over past 24 hours, and it looked like it would bounce before it got to all of my pending buys (it actually almost literally "touched" my buy at 102, lol), so entered a couple positions at market. Still have pending buys in case it does get back down there. Will wait and see what kind of daily close we have, and how Asian session looks to see how to manage current positions... {image}

UJ cannot get back to 102
i had closed all my long at around 101.64 (missed two chance at around 101.8 )
not gonna short as i am quite bullish in mid-term
  • #930
  • Sep 7, 2016 11:32pm Sep 7, 2016 11:32pm
Quoting Fisher755
{quote} Take your time. It is not easy task ahead of you. (Hope it will not add to your headache, so much studying.. )
Headache and sweat is all We need when study. But the positive one is We will live forever outside the box of our "mind Castle".

I am still down -62%. Pathethic market starts ranging day again (especially in AU, UChf, and EU). The recovery process will take forever (if success).

See U after London Open.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #931
  • Sep 7, 2016 11:39pm Sep 7, 2016 11:39pm
Quoting RoelsMajor
{quote} Headache and sweat is all We need when study. But the positive one is We will live forever outside the box of our "mind Castle". I am still down -62%. Pathethic market starts ranging day again (especially in AU, UChf, and EU). The recovery process will take forever (if success). See U after London Open.
Now is the time you become very picky imo, and wait for very nice and clear PVSRA setups (this means less pairs too). Might take some days, yes, the week is almost over.
PVSRA
  • #932
  • Sep 8, 2016 12:46am Sep 8, 2016 12:46am
Quoting RoelsMajor
{quote} Headache and sweat is all We need when study. But the positive one is We will live forever outside the box of our "mind Castle". I am still down -62%. Pathethic market starts ranging day again (especially in AU, UChf, and EU). The recovery process will take forever (if success). See U after London Open.
Don't give up gan...
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #933
  • Sep 8, 2016 1:09am Sep 8, 2016 1:09am
Quoting RoelsMajor
{quote} Headache and sweat is all We need when study. But the positive one is We will live forever outside the box of our "mind Castle". I am still down -62%. Pathethic market starts ranging day again (especially in AU, UChf, and EU). The recovery process will take forever (if success). See U after London Open.

Hey Roel we dont care if you are -60%, we would to see -58,-56,-55, and so on, look at this like it was green. We all are with you, you just need to be patience, today again my emotions played against me, i open a trade with ten times what i usually do, why, because i wanted to make some green pips very quickly, what happend, it didnt go fast in the direction i wanted, every pip against me was a nightmare for me, for luck i closed it with a very liitle lost. But greed still there, i dont like to lose, and thats my problem, i have to take the losing trades as well as the winning trades. Im like in a detox period, so i have to accept my losing trades and de ok with them.

Remember, most of all are in the same page.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #934
  • Sep 8, 2016 2:47am Sep 8, 2016 2:47am
Quoting Peruvian80
{quote} Hey Roel we dont care if you are -60%, we would to see -58,-56,-55, and so on, look at this like it was green. We all are with you, you just need to be patience, today again my emotions played against me, i open a trade with ten times what i usually do, why, because i wanted to make some green pips very quickly, what happend, it didnt go fast in the direction i wanted, every pip against me was a nightmare for me, for luck i closed it with a very liitle lost. But greed still there, i dont like to lose, and thats my problem, i have to take...
Thats the problem with overleveraging, it can be addictive if your first few tries were successful.

i was up with proper risk management/appropriate lots ... 38%
Tried over-leveraging on the last FOMC, was succesful, grew account.... 46%
then overleveraging seemed very attractive, tried again.. account dropped ..... 35%
hmm, greed and impatience kicked in, abandoned almost everything about my strategy and over leveraged again to make up for loss.... 20.1%
same revenge trading based on more empty hope and anxiety minus pure chart analysis plus More over leveraging ..... -28% drawdown

After Friday's losses, i relaxed my mind during the weekend, restructured my emotions and tried to eliminate that element of greed that kicked in, and thus far, i'm recovering slowly but with discipline..

-28% to -15%, no over leveraging on blind entries any longer. Spotting high probability trades with good Risk Reward and holding them for upto 3 days in order to milk them for enough pips. Thats what i think works best for me, finding trades that would be on for a while, that way i don't have to be on my laptop all day nursing or micro managing it because i am afraid it would reverse on me.
  • #935
  • Edited 5:55am Sep 8, 2016 3:08am | Edited 5:55am
Quoting domba
{quote} Don't give up gan...
Thank U Bro!

Quoting Peruvian80
{quote} Hey Roel we dont care if you are -60%, we would to see -58,-56,-55, and so on, look at this like it was green. We all are with you, you just need to be patience, today again my emotions played against me, i open a trade with ten times what i usually do, why, because i wanted to make some green pips very quickly, what happend, it didnt go fast in the direction i wanted, every pip against me was a nightmare for me, for luck i closed it with a very liitle lost. But greed still there, i dont like to lose, and thats my problem, i have to take...
Thank U Guys!

Well pathethic slow moving market. There is no big news Until Euro Minimum Bid Rate and USD Unemployment Claims. 4 hours from now. Good Luck.

Edit:
- AU and EU strong enough after London Open. Quick Rigging! Almost without retrace move.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #936
  • Sep 8, 2016 9:19am Sep 8, 2016 9:19am
Quoting 90strader
{quote} UJ cannot get back to 102 i had closed all my long at around 101.64 (missed two chance at around 101.8 ) not gonna short as i am quite bullish in mid-term
yea, definitely won't be shorting it right now. Problem for me is, this 2 day 40 pip range. I hate the sloppy ranges UJ tends to get in sometimes...
  • #937
  • Sep 8, 2016 9:36am Sep 8, 2016 9:36am
[quote=RoelsMajor;9123823]{quote} Rozay I think the link is directed to Mozak Acc. By the way this is Rozay Link http://www.forexfactory.com/rozay#acct.87-tab.report Not active anymore. {quote}

Just now saw this. Fixed...
  • #938
  • Edited 12:12pm Sep 8, 2016 9:40am | Edited 12:12pm
Quoting benaiah
{quote} yea, definitely won't be shorting it right now. Problem for me is, this 2 day 40 pip range. I hate the sloppy ranges UJ tends to get in sometimes...
101.50 act like strong Support. UJ keep ranging. I think Long is a good choice now.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #939
  • Sep 8, 2016 9:48am Sep 8, 2016 9:48am
Besides the stupid trades made by emotions, i think PVSRA is working, but i need to close trades before news. But i have a very good winning rate on those trades, the problem are my emotions when i had a losing trade and news. For example today i had 2 winning trades and one losing, normally i used 20 pips sl, but for this nzdusd long my chart told me to use a 30 pip sl, i shoulded close before news and it was a lost. and then, because i didnt want to lose that trade i opened a new long in the middle of news, but with no leverage, so im still working on emotions.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #940
  • Sep 8, 2016 10:01am Sep 8, 2016 10:01am
Quoting Peruvian80
Besides the stupid trades made by emotions, i think PVSRA is working, but i need to close trades before news. But i have a very good winning rate on those trades, the problem are my emotions when i had a losing trade and news. For example today i had 2 winning trades and one losing, normally i used 20 pips sl, but for this nzdusd long my chart told me to use a 30 pip sl, i shoulded close before news and it was a lost. and then, because i didnt want to lose that trade i opened a new long in the middle of news, but with no leverage, so im still working...
Not a big problem Mate! As long as still 1% risk or below and discipline fold at reasonable SL. Sometimes We were trapped on that big news.
fooled by randomness in art
Meditation All Time Return: 8.9%
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