50 to 22000 in one week

Quoting Candlestick

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Continuously entering when price is going against you will fool you some of the time, because some of the time it eliminates the sensation of losing, which feels great until the "Death Trade", this is the trade that as you keep getting in, as price goes against you, is the one that never returns to profit and will result in a Margin call, or catastrophic account loss. This way of trading, in my opinion, is the complete opposite of how you should approach trading. Accept losing, will and does happen and design your system around that concept.

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Quoting OnlineAddict

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{quote} Of course...whatever is going on within this thread is not trading, its just playing with money with some luck. I would call it panic trading...but looks like newbs are happy to watch a show, so lets let them.

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Quoting Kubiasty

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{quote} You are wrong. Listen: If you cant make money from 100$, how can you will make money from 10.000$ ?! Its psychology. If you deposit 10.000$ you loose 400$. Then you have 9600$. Your psychology says 'you must recover it' and you loose more,and more... What if you can sacrifice 100$ ? You make from 100$ ---> 200$ If you double it, you withdraw 100$, and the 100$ is not yours. Its BROKERS MONEY! You dont trade you own money, u trade brokers money, psychology. Who cares, win or not. Its not yours. <---- thats how we must do this. Its called...

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Quoting Kubiasty

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{quote} ... What if you can sacrifice 100$ ? You make from 100$ ---> 200$ If you double it, you withdraw 100$, and the 100$ is not yours. Its BROKERS MONEY! You dont trade you own money, u trade brokers money, psychology. Who cares, win or not. Its not yours. <---- thats how we must do this. Its called "RUN". Its possible....

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Quoting Kubiasty

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{quote} You are wrong. Listen: If you cant make money from 100$, how can you will make money from 10.000$ ?! Its psychology. If you deposit 10.000$ you loose 400$. Then you have 9600$. Your psychology says 'you must recover it' and you loose more,and more... What if you can sacrifice 100$ ? You make from 100$ ---> 200$ If you double it, you withdraw 100$, and the 100$ is not yours. Its BROKERS MONEY! You dont trade you own money, u trade brokers money, psychology. Who cares, win or not. Its not yours. <---- thats how we must do this. Its called...

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Quoting ZenNy

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I do not trade it. But for the sake of the conversation I just had a brief look at it: Price broke a major down trend line with an healthy pullback, then made two legs down again towards the recent low extreme (not there yet), here she stalled creating short time support and resistance at 10452 and 10351. If there is reaction at those levels I would fade them otherwise I would short at 10543 (always with reaction, being a double top bear flag) or at 10320 (recent low) as a double bottom. BagX is long, I am sure he know...

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Quoting xxl205

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{quote} Hehe lol, yeah ... but that is a movie quote, too

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Quoting openyoureyes

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{quote} {quote} http://www.forexfactory.com/showthre...46#post9140946 I am just sharing technicals on DAX here, some people actually read what we write. I don't have any open positions. Think on that. (that 10389 is green line is just my imaginary trigger line. FYI) Edit: 15 min chart. Edit 2: template from here: http://www.forexfactory.com/showthread.php?t=595717 {image}

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Quoting ZenNy

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Trading in the direction of the least resistance is the key for that little I understand which can often be against the trend. In a strong trend, traders take profits and counter traders join in, that is a trend by itself, jumping on that wagon can be profitable. Of course in a strong bull trend without signs of the bears showing interest would not be a smart idea participating but will only add fuel to the existing trend by covering at a loss and becoming bulls themselves. The question is, how do you define a trend?

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Quoting Kubiasty

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{quote} You are wrong. Listen: If you cant make money from 100$, how can you will make money from 10.000$ ?! Its psychology. If you deposit 10.000$ you loose 400$. Then you have 9600$. Your psychology says 'you must recover it' and you loose more,and more... What if you can sacrifice 100$ ? You make from 100$ ---> 200$ If you double it, you withdraw 100$, and the 100$ is not yours. Its BROKERS MONEY! You dont trade you own money, u trade brokers money, psychology. Who cares, win or not. Its not yours. <---- thats how we must do this. Its called...

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Quoting OnlineAddict

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{quote} No offence, but this made no sense at all...not to what I posted anyway. You are talking about gambling, not trading. Trading is art...only a few can do it right...I hope I will be one of them one day, but this, what we can see in this thread...is so far from real trading as it can get. This is panic trading, herd trading...selling the lows and buying the highs and adding to losers...that only works for a few weeks...but I am not a hater...if someone doesn't want to learn and doesn't have the skills...his only option is to trade this way....

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Quoting guesser

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{quote} What you do doesnt matter, as long as youre the best. Felda Hardymon

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Quoting HeyYou

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{quote} The user pipmeup defined it very well IMO, go search for his posts to find the answer

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Quoting phneutral

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Whatever works. Didn't Bag's taken already 22k? If so, that speaks for itself!

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Quoting Forexcube

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Hi bagXpert Your risk- & money-management is in good order. Keep up the good work! {image} {image}

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Quoting Nala66

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{quote} No correct... He has used 8,743e to bank 14,243e so far but still an impressive profit of 13k. This should have been far more but for some reason he hangs on to the losers and also hangs on to the winners until they become losers. I am struggling to figure his game plan here unless it is just a matter of staying the course until a big win comes along.

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Quoting Pip-Miner

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{quote} The system is based on risk management , good psychology written at some length here. It seems the fearless confident mentality flows into the trading decisions and as so far worked wonders. However, if the accuracy rate decreases not good news for our silent friend but at worse what can happen ? his already banked and running free currently

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