1 year profitable trading goal | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Controlling Emotions is Not the Goal of Trading Psychology 5 replies

Why is demo trading more profitable than live trading? 45 replies

Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies

Trader's 1 Year Rehab goal 10%-20% monthly return 3 replies

My trading strategy and life goal 17 replies

Attachments: 1 year profitable trading goal
Exit Attachments

1 year profitable trading goal

  • #1,401
  • Oct 3, 2016 1:10pm Oct 3, 2016 1:10pm
Quoting benaiah
{quote} Lol, maybe you can find my latest post on this topic?
You got emotional mate?
This isnt good
hang in there
  • #1,402
  • Oct 3, 2016 1:20pm Oct 3, 2016 1:20pm
Quoting Robst3r
{quote} You got emotional mate? This isnt good hang in there
yea, it was not a good week/end of month, and I followed through this week with more of the same. Probably will be taking a break soon...
  • #1,403
  • Oct 3, 2016 11:45pm Oct 3, 2016 11:45pm
Quoting benaiah
{quote} yea, it was not a good week/end of month, and I followed through this week with more of the same. Probably will be taking a break soon...
My scalper idea didnt work at the end, i just cant make the trade close at good price. Im gonna back out a bit and try on m15, spend so much time and brain power on this one for nothing.

GU came close to buy level, but i dont think it will rebound too much from latest movement. Not much reaction getting close to support. EU long might work better this time, or simply wait for gu to rebound and going short instead.
  • #1,404
  • Oct 3, 2016 11:53pm Oct 3, 2016 11:53pm
Anyway, currently price rather vague(usd showing strenght buth im not sure). Not much to gain either aka short target for most pair, i think its better to stand on the sideway for the week.
  • #1,405
  • Oct 4, 2016 4:53am Oct 4, 2016 4:53am
take your time Ben.....


Still here boys..... we learn Every day, getting spanked and scolded by the market... but in the end..... It'll be worth it
  • #1,406
  • Oct 4, 2016 5:55am Oct 4, 2016 5:55am
Quoting benaiah
{quote} yea, it was not a good week/end of month, and I followed through this week with more of the same. Probably will be taking a break soon...
Hang in there. One of my wagers didn't pan out. 33 trading days wasted...time to start again.

Hope you have a good rest and come back recharged. I for one appreciate you having a thread like this...best
  • #1,407
  • Oct 4, 2016 6:01am Oct 4, 2016 6:01am
Damn, Pursuit, you're down from 100%?

each time i check to see what led to a trader's drop in percentage for the past two weeks, its been nothing but GBP Longs...

If the bias is so widespread, why wont it just f**kn move up already... well, we are not the major players..
  • #1,408
  • Oct 4, 2016 6:48am Oct 4, 2016 6:48am
Quoting Koop
Damn, Pursuit, you're down from 100%? each time i check to see what led to a trader's drop in percentage for the past two weeks, its been nothing but GBP Longs... If the bias is so widespread, why wont it just f**kn move up already... well, we are not the major players..
Been here before, a bunch of times. Still learning.

Has nothing to do with gbpusd. Had a chance to get out at 20% loss...decided my pride was worth more...obviously the wrong choice. Would have had same issues sooner or later on any pair. Just let's me know where I am at as a trader...market doesn't lie.
...I'm just glad I've learned to only risk profit. Its a definite improvement over 3 years ago.
Also, my wife can attest, doesn't affect my mood at all. In the past my mood and psych state can be used to tell how my trading is doing. I've realised life is so much more than $$ and trading. If $$ is so tight that it makes trading the measure for happiness, then that person shouldn't be trading.

...well my verbal spam of what I'm learning, thread can take it for what its worth..
  • #1,409
  • Oct 4, 2016 6:59am Oct 4, 2016 6:59am
Quoting pursuit_21
{quote} Been here before, a bunch of times. Still learning. Has nothing to do with gbpusd. Had a chance to get out at 20% loss...decided my pride was worth more...obviously the wrong choice. Would have had same issues sooner or later on any pair. Just let's me know where I am at as a trader...market doesn't lie. ...I'm just glad I've learned to only risk profit. Its a definite improvement over 3 years ago. Also, my wife can attest, doesn't affect my mood at all. In the past my mood and psych state can be used to tell how my trading is doing. I've...

Real Talk!! ... we live to learn..
  • #1,410
  • Oct 4, 2016 7:51am Oct 4, 2016 7:51am
Quoting pursuit_21
{quote} Hang in there. One of my wagers didn't pan out. 33 trading days wasted...time to start again. Hope you have a good rest and come back recharged. I for one appreciate you having a thread like this...best
Very honest post. We need to try try try tey try until we master our emotions and find our trading style that fits who we are.

love you guys, this thread is for friendship and support.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,411
  • Oct 4, 2016 8:36am Oct 4, 2016 8:36am
Quoting Peruvian80
{quote} Very honest post. We need to try try try tey try until we master our emotions and find our trading style that fits who we are. love you guys, this thread is for friendship and support.
Not emotion i think, price move rather eratic recently. Even my algo which clearly devoid any emotion(just sets of mathematical model) take a beating. The account down from 50%. Seems most of us not fare well this time around.

Im thinking, maybe the scalper i made might works. Bad trade last week recover some today. Problem is i cant backtest since it trade 6 pairs.

Good luck to us all .
  • #1,412
  • Oct 4, 2016 8:55am Oct 4, 2016 8:55am
Quoting Koop
Damn, Pursuit, you're down from 100%? each time i check to see what led to a trader's drop in percentage for the past two weeks, its been nothing but GBP Longs... If the bias is so widespread, why wont it just f**kn move up already... well, we are not the major players..
Koop, be careful with gbp. I think its still breakin down, if you got an urge to long gbp pairs i think its better to switch to eur pairs. I mean if u got gbp long, take eur long instead. Been doing this for some times, from what i see eur was stronger and will give u higher rebound and least risk.

@pursuit: at least u survive, i believe with recent movement many not as lucky as us and blow their account. At least we could take some back later. Maybe i dont follow market last week, but today i found many sudden move(speech maybe, dunno).
  • #1,413
  • Oct 4, 2016 10:25am Oct 4, 2016 10:25am
Updated list.

Welcome vothienphu93!
Attached File(s)
File Type: pdf 1 Year Profit Ability.pdf   60 KB | 481 downloads
  • #1,414
  • Oct 4, 2016 10:47am Oct 4, 2016 10:47am
Quoting Passerby
{quote} Koop, be careful with gbp. I think its still breakin down, if you got an urge to long gbp pairs i think its better to switch to eur pairs. I mean if u got gbp long, take eur long instead. Been doing this for some times, from what i see eur was stronger and will give u higher rebound and least risk. @pursuit: at least u survive, i believe with recent movement many not as lucky as us and blow their account. At least we could take some back later. Maybe i dont follow market last week, but today i found many sudden move(speech maybe, dunno)....

Thanks for the heads up Man, .... after getting burnt on GBPCHF twice i know better than jumping the gun before i get a clearer signal... I'll just wait it out.. no need trying to catch the starting move.

By the way guys... gold and silver have finally broken out strongly from the triangle consolidation. More down move expected, probably after some correction from this long candle
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 117 KB
  • #1,415
  • Oct 4, 2016 11:31am Oct 4, 2016 11:31am
Quoting Koop
{quote} Thanks for the heads up Man, .... after getting burnt on GBPCHF twice i know better than jumping the gun before i get a clearer signal... I'll just wait it out.. no need trying to catch the starting move. By the way guys... gold and silver have finally broken out strongly from the triangle consolidation. More down move expected, probably after some correction from this long candle{image}

do you know why?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,416
  • Oct 4, 2016 11:32am Oct 4, 2016 11:32am
Quoting benaiah
Updated list. Welcome vothienphu93! {image}
Ahh Nice you are still here:-)
  • #1,417
  • Oct 4, 2016 11:55am Oct 4, 2016 11:55am
Quoting Peruvian80
{quote} do you know why?

No idea man..... Just scalped it a little and ran out
  • #1,418
  • Oct 4, 2016 12:31pm Oct 4, 2016 12:31pm
What do you think about this:

You just cant be only technical, you need to know the fundamentals and be eye opened with the news they released, like for example, eurusd was in a clear dowontrend but they released a news about an ecb tapering and the euro shot higher.

So, what do you think? Only technical?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,419
  • Oct 4, 2016 12:39pm Oct 4, 2016 12:39pm
Quoting Peruvian80
What do you think about this: You just cant be only technical, you need to know the fundamentals and be eye opened with the news they released, like for example, eurusd was in a clear dowontrend but they released a news about an ecb tapering and the euro shot higher. So, what do you think? Only technical?
imo, you really don't need to focus that much on the news, unless it's a really BIG event, like the brexit situation.

If you look at eurusd on the daily chart, it simply bounced off of support. Currently in a range with a bearish upper trend line. Let's see if it is able to break 1.125...

Of course, if you are trading lower time frames, you need to be careful of any news even that could cause extreme volatility, like rate changes, FOMC, etc..
  • #1,420
  • Oct 4, 2016 12:42pm Oct 4, 2016 12:42pm
Quoting Peruvian80
What do you think about this: You just cant be only technical, you need to know the fundamentals and be eye opened with the news they released, like for example, eurusd was in a clear dowontrend but they released a news about an ecb tapering and the euro shot higher. So, what do you think? Only technical?

only the major events bother me. The EU tapering issue was not even on the calender so there was no way any one could have prepared for it. what's the use?
4 traders viewing now