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1 year profitable trading goal

  • #1,461
  • Oct 7, 2016 7:35am Oct 7, 2016 7:35am
Quoting RoelsMajor
{quote} Moment of Madness Capitulation! GU steering lows... Sell Off WTF moment...
Yeah u are right. These type of manipulation if the ones i fear when trade at market maker broker.
Keep It Simple & Profitable
  • #1,462
  • Oct 7, 2016 7:36am Oct 7, 2016 7:36am
Quoting teton
Ouch... Looks like I'm out, that one move completely broke me. A shame really I was up 330% since June 22. A random move or a disaster waiting to happen? Really thought I had it figured out... Good luck to everyone still in the challenge really wish you the best!
That's really hurt mate. But live must go on. U will get better soon.Good luck mate.
Keep It Simple & Profitable
  • #1,463
  • Oct 7, 2016 11:07am Oct 7, 2016 11:07am
Quoting teton
Ouch... Looks like I'm out, that one move completely broke me. A shame really I was up 330% since June 22. A random move or a disaster waiting to happen? Really thought I had it figured out... Good luck to everyone still in the challenge really wish you the best!
Sorry to hear... You taking a break then?
  • #1,464
  • Oct 7, 2016 11:19am Oct 7, 2016 11:19am
Quoting braintheboss
Ok. It's evident I failed. At least I know was a special movement who kill me. Goodbye 25 and a lot of months trying grow it...
Failure just means you have an opportunity to improve. I have been having a lot of "opportunity" for last 4 years, lol
  • #1,465
  • Oct 7, 2016 11:26am Oct 7, 2016 11:26am
Quoting benaiah
{quote} Failure just means you have an opportunity to improve. I have been having a lot of "opportunity" for last 4 years, lol
Monday I will start again
Try don't lose pants never...
  • #1,466
  • Oct 7, 2016 11:36am Oct 7, 2016 11:36am
haha Guys...... I'v taken a serious beating today..... I just don't know when to exit a scalp.... from 7% in green down to -50%....LOL

Not Fazed though..... i will come back in Green by God's grace..... need more patience.
  • #1,467
  • Oct 7, 2016 11:44am Oct 7, 2016 11:44am
Quoting Koop
haha Guys...... I'v taken a serious beating today..... I just don't know when to exit a scalp.... from 7% in green down to -50%....LOL Not Fazed though..... i will come back in Green by God's grace..... need more patience.
Yea, patience and discipline. I wish I had more of it...
  • #1,468
  • Oct 7, 2016 11:47am Oct 7, 2016 11:47am
Quoting benaiah
{quote} Yea, patience and discipline. I wish I had more of it...

Truth is we all have it.....
but the force (greed) is strong with this one (the fx market) ....
  • #1,469
  • Oct 7, 2016 11:49am Oct 7, 2016 11:49am
And here I go again, over leveraging and trading gold without an SL...

Such a good buying opportunity now, imo, don't want to let go of longs. I may hedge before end of day, though to protect from any crazy gap down over the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: gold again.png Size: 80 KB
  • #1,470
  • Oct 7, 2016 11:53am Oct 7, 2016 11:53am
Quoting Koop
{quote} Truth is we all have it..... but the force (greed) is strong with this one (the fx market) ....
For me the problem is anxiety and trading addiction. Yes, I admit it. I need to figure out how to not be thinking about trading all the time... It's frustrating, as I have numerous strategies that I know work, if i could just not spend so much time over-thinking things and second-guessing everything, and over-trading...
  • #1,471
  • Oct 7, 2016 11:59am Oct 7, 2016 11:59am
Quoting benaiah
{quote} For me the problem is anxiety and trading addiction. Yes, I admit it. I need to figure out how to not be thinking about trading all the time... It's frustrating, as I have numerous strategies that I know work, if i could just not spend so much time over-thinking things and second-guessing everything, and over-trading...

the same for me, we need to practice yoga. This can be an addiction an we can be adicts.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,472
  • Oct 7, 2016 12:03pm Oct 7, 2016 12:03pm
Quoting Peruvian80
{quote} the same for me, we need to practice yoga. This can be an addiction an we can be adicts.
Yea, I've overcome addiction to several things, substance, as well as activities. So far, I've only been able to overcome addictions by giving them up completely.

There is only one addiction I regret giving up completely, and wish I could enjoy it a little bit from time to time, but I won't go back on my resolve.

As far as trading, not ready to give it up yet. Will see if I can get to the point where I can control it...

It's funny, you know? We want to trade for a living in order to have more free time and less stress, but then end up spending all of our time trading, and causing ourselves more stress, LOL
  • #1,473
  • Oct 7, 2016 12:13pm Oct 7, 2016 12:13pm
Quoting Koop
haha Guys...... I'v taken a serious beating today..... I just don't know when to exit a scalp.... from 7% in green down to -50%....LOL Not Fazed though..... i will come back in Green by God's grace..... need more patience.
if i went on scalp, i always use trailing stop.
though it may always hit the trailing stop first then go on the way you originally think of
but it at least give me profit
  • #1,474
  • Oct 7, 2016 12:13pm Oct 7, 2016 12:13pm
Anyone else trading gold and/or have a thought on it? I think if we get a close at or above 1250 today, we should be back in bull business...
  • #1,475
  • Oct 7, 2016 1:44pm Oct 7, 2016 1:44pm
Quoting benaiah
Anyone else trading gold and/or have a thought on it? I think if we get a close at or above 1250 today, we should be back in bull business...
What i see(do me a favor and pretend it was nicely drawn):
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 43 KB

Purple line is my ideal long entry just a bit above fibo, around may 2015 high. I think currently we still in selling area.
  • #1,476
  • Oct 7, 2016 1:51pm Oct 7, 2016 1:51pm
Quoting Passerby
{quote} What i see(do me a favor and pretend it was nicely drawn): {image} Purple line is my ideal long entry just a bit above fibo, around may 2015 high. I think currently we still in selling area.
Yea, I think I agree on potential for further downside. Currently it's trying to break down 1250...
  • #1,477
  • Oct 7, 2016 11:01pm Oct 7, 2016 11:01pm
Quoting teton
Ouch... Looks like I'm out, that one move completely broke me. A shame really I was up 330% since June 22. A random move or a disaster waiting to happen? Really thought I had it figured out... Good luck to everyone still in the challenge really wish you the best!
What i learned from my mentor is that ypu dont need to have all your money on the broker, just need
to have the necessary for some trades, thats it. So if you lose you fund it , but if sonething strange like gbpusd or chf happens you will only lose what you have there and the rest will be in your bank.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,478
  • Oct 8, 2016 1:04am Oct 8, 2016 1:04am
Quoting Peruvian80
{quote} What i learned from my mentor is that ypu dont need to have all your money on the broker, just need to have the necessary for some trades, thats it. So if you lose you fund it , but if sonething strange like gbpusd or chf happens you will only lose what you have there and the rest will be in your bank.
Im agree to this, its why i trade bigger size and do not believe to those 1℅/2% camp. Risk managed by simply withdraw portion of profit, when your withdrawal exceed deposit there is virtually 0 risk involved.

Of course you could lost the account and take another risk to put back some. But in the end it didnt happen, and the account just survive. Maybe because if one used to take bigger risk, they start to be more careful with their trade. Last time i blow an account was around 2 years ago, its just some leftover fund that a friend gave up(around $150, down from $5k he put into). I manage to make it back to around $1200, this one blow because failed hedge. I dont use sl when i hedge, and now i avoid hedging because often i ended up in endless hedge and/or trade bigger position size than i should. Its easier later if i just admit that i was wrong and cut the losses short.
  • #1,479
  • Oct 8, 2016 4:52am Oct 8, 2016 4:52am
Quoting benaiah
{quote} Yea, I think I agree on potential for further downside. Currently it's trying to break down 1250...
I have some pain on gold longs too and prepare for more pain. Gold bears are squeezing and have good time. They will try to extend the squeeze for all what it is worth. I will not be very surprised if we see 1220 area with worst case down to 1200. Still we are within area that it will still be bullish on weekly charts with HL and HH.
The bounce now from 1243 area looks ok technical. I have been drawing in 3 different expected scenarios with different levels for next wave based on ratio and some support levels. The main flip as I see it was at 1190-1200 level from overall bearish to bullish. If that is broken I will possible change to bearish outlook for gold again.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 37 KB
Trading in the shadow of SM
  • #1,480
  • Oct 8, 2016 10:52pm Oct 8, 2016 10:52pm
Quoting Earleone
{quote} I have some pain on gold longs too and prepare for more pain. Gold bears are squeezing and have good time. They will try to extend the squeeze for all what it is worth. I will not be very surprised if we see 1220 area with worst case down to 1200. Still we are within area that it will still be bullish on weekly charts with HL and HH. The bounce now from 1243 area looks ok technical. I have been drawing in 3 different expected scenarios with different levels for next wave based on ratio and some support levels. The main flip as I see it was...
Im bullish, but as your chart suggest, we need lower. I think we got entry around mid nov to early dec, im sure fed need to rise. Well they have to, or things would be similar to greenspan era. It wont be big, most likely 0.25pct. Things is, us econ are okay even as external factor degrade. If somehow global recover, there is very sig chance that us econ ll overheat. It ll be late to rise when it happened, rise it rapidly and it ll hinder growth. Low growth plus high inflation should be avoided at any cost, some called it stagflation and might develop to deep recession. When it happenend, it ll be persistence and hard to resolve.

Meanwhile, i think its proper to guess that usd will streghten from this poin to dec(in line with gold correction ahead). What im interested is commodities and on commodity stocks, but not oil companies(supply glut and they just found huge deposit near artic region). I think they ll goin lower(higher usd) a bit then explode to north, the upcoming correction might be a good opportunity to collect commodities stock and or its etf. And somehow i feel that silver might rise more than gold.
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