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  • #1,481
  • Oct 8, 2016 11:55pm Oct 8, 2016 11:55pm
Quoting abelanun
{quote} That's really hurt mate. But live must go on. U will get better soon.Good luck mate.
Thanks for the kind words and encouragement! I look at this as a learning process and I'm not giving up yet
  • #1,482
  • Oct 9, 2016 12:39am Oct 9, 2016 12:39am
Quoting benaiah
{quote} Sorry to hear... You taking a break then?
I will start over, but that was a pretty humbling experience I have to say . Im pretty confident I have a good trading system.

I took some time to go back and practice with a trade simulator starting at 3 random dates and have been profitable with all, but didnt have some odd 900 pip spike though! My go to pairs were G/U, GBP/CAD U/C, CAD/CHF . Im going to drop the pound crosses for now and focus on the U/C and CAD/CHF .For me I like stable boring predictable pairs.

The biggest challenge was $1000 to 10000, the rest was much easier. So I will be starting with around $200 or $300 US and my first target will be $1000 then 5K, 10K, and my ultimate goal will be to withdraw $1000/week , which isnt much to live on but wont have to break my back on a shitty job.

Udine motto of Patience, Focus, Discipline is something I think about and really try to incorporate to my trading. So here we go again and I can take a lot of positive stuff from the last 4 months. I really am more determined than ever now.

Best of luck to everyone !

Teton
  • #1,483
  • Oct 9, 2016 2:23am Oct 9, 2016 2:23am
I am not sure that gold downtrend is over.
Gold, monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDMonthly.png Size: 18 KB
  • #1,484
  • Oct 9, 2016 2:37am Oct 9, 2016 2:37am
Quoting Passerby
{quote} 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...
I agree completely with your view.

Correlation between gold and USD is not so strong long term ( -61% against USD index ) . But during news for USD it is stronger , so short term strong, longer term as showed in my correlation table in this link http://www.forexfactory.com/showthre...02#post9053502
GBPJPY and USDJPY has the strongest long term correlation. When looking higher tf charts for usdjpy and gbpjpy it looks good to be gold bull middle to long term.
Trading in the shadow of SM
  • #1,485
  • Oct 9, 2016 8:16am Oct 9, 2016 8:16am
Tetoon hi, did you turn 1000 to 10000 on your account?





Quoting teton
{quote} I will start over, but that was a pretty humbling experience I have to say . Im pretty confident I have a good trading system. I took some time to go back and practice with a trade simulator starting at 3 random dates and have been profitable with all, but didnt have some odd 900 pip spike though! My go to pairs were G/U, GBP/CAD U/C, CAD/CHF . Im going to drop the pound crosses for now and focus on the U/C and CAD/CHF .For me I like stable boring predictable pairs. The biggest challenge was $1000 to 10000, the rest was much easier. So I...
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,486
  • Oct 9, 2016 11:51am Oct 9, 2016 11:51am
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...
That's so true. 
;(
I have day job that occupies me, but still overthinking.
Well we need to throw these phones and get exercise outside 
Beware of robber banks (RB), bad advisors.
  • #1,487
  • Oct 9, 2016 12:27pm Oct 9, 2016 12:27pm
Quoting teton
{quote} I will start over, but that was a pretty humbling experience I have to say . Im pretty confident I have a good trading system. I took some time to go back and practice with a trade simulator starting at 3 random dates and have been profitable with all, but didnt have some odd 900 pip spike though! My go to pairs were G/U, GBP/CAD U/C, CAD/CHF . Im going to drop the pound crosses for now and focus on the U/C and CAD/CHF .For me I like stable boring predictable pairs. The biggest challenge was $1000 to 10000, the rest was much easier. So I...
Wow, nice. Here in Estonia you can actually live with 700 euros a month. 70% people don`t even make 600. My ultimate goal is 1000 euros a month.
  • #1,488
  • Oct 9, 2016 1:01pm Oct 9, 2016 1:01pm
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...
http://www.forexfactory.com/showthre...15#post9187715
Cheers, U2
Wait, or you will be slaughtered!
  • #1,489
  • Oct 10, 2016 4:33am Oct 10, 2016 4:33am
Quoting Earleone
{quote} I agree completely with your view. Correlation between gold and USD is not so strong long term ( -61% against USD index ) . But during news for USD it is stronger , so short term strong, longer term as showed in my correlation table in this link http://www.forexfactory.com/showthre...02#post9053502 GBPJPY and USDJPY has the strongest long term correlation. When looking higher tf charts for usdjpy and gbpjpy it looks good to be gold bull middle to long term.
Gold behavior are rather complicated as it got more purpose than currency or commodity, its importance(and price movement) closely related to which function it relates at certain period. For usdjpy, im agree with you. But as for gbpjpy while past correlation might present some value, currently there is tremendous shift underway. Brexit will somehow diminish UK importance in world econ, and it will affect Pound. Im not try to scare anyone, but i do think that gbpusd to be closer or even drop below 1 given 1-2 years.

Before Brexit, UK serve as industrial and financial hub for euro. I do feel this as I cant think any other country as easy as UK to put branch office, at least for me, language barrier in another euro member do make me feel a bit uneasy. This wouldnt be the case anymore if say i produce goods in UK to be sold in euro, but with import tax. Manufacturer will need another euro member to invest, and after manufacturer leave, bank and financial service will follow suit. Global usage for Pound will diminish. Brexit is a loss for many sides, but the biggest loser is UK. And guess who ll benefit the most in the long term, my guess is China.
I already talked with many the so called "market professionals," but most say that im exaggerating. Back then gu still 1.4 anyway, so no one listen. Im avoiding this kind of talk. It wont matter who ll right anyway, they soon forgot.

Back to trading talks, this is my currency meter displaying atm:
Attached Image

The value indicating gbp will rebound, either it will or my code was wrong in the first place hahaaha....(or just those spike friday)

oh almost forgot, seems there is sudden buying on usdcad and usdchf. Its rare to show this just below selling area, this might be realeted to gbp.
  • #1,490
  • Oct 10, 2016 5:18am Oct 10, 2016 5:18am
Quoting Passerby
{quote} Gold behavior are rather complicated .......
. Im not try to scare anyone, but i do think that gbpusd to be closer or even drop below 1 given 1-2 years. .
Again agree, And I think the correlation can change much for GBP against gold in the coming years.
Trading in the shadow of SM
  • #1,491
  • Oct 10, 2016 11:34am Oct 10, 2016 11:34am
im in gbpusd from 1.2604, i think i will hold the position, i think it can touch 1.20.

My reasons, Europe doesnt like an easy brexit for gbp, if they do that more can do the same, so its going to be hard i beleive. Hollande its angry about Brexit and he said it will be a Hard one. So i think it will be hard, and on the other hand Clinton will win the elections and the rate will be increased.

So thats my analysis, but we have to hold the position to a very good profit on short.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,492
  • Oct 10, 2016 11:52am Oct 10, 2016 11:52am
Quoting Peruvian80
im in gbpusd from 1.2604, i think i will hold the position, i think it can touch 1.20. My reasons, Europe doesnt like an easy brexit for gbp, if they do that more can do the same, so its going to be hard i beleive. Hollande its angry about Brexit and he said it will be a Hard one. So i think it will be hard, and on the other hand Clinton will win the elections and the rate will be increased. So thats my analysis, but we have to hold the position to a very good profit on short.

looks like a good short to me, hope it plays out for you
  • #1,493
  • Oct 11, 2016 9:28am Oct 11, 2016 9:28am
Quoting pursuit_21
{quote} looks like a good short to me, hope it plays out for you

Thanks man, im still holding 340 pips +, i think i will go for the 400 pips and i close it, but i beleive it will go down, but any news can be released and gbp can shot higher.

in usa market gbpusd retrace like 50 to 75 pips, and then go down again, so anyone can take profit and re enter in a retrace.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,494
  • Oct 11, 2016 11:37am Oct 11, 2016 11:37am
i just close it. +385 pips, best trade ever. i hope i cant keep it on green, and reach the 100% profit.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,495
  • Oct 11, 2016 11:54am Oct 11, 2016 11:54am
Quoting Peruvian80
i just close it. +385 pips, best trade ever. i hope i cant keep it on green, and reach the 100% profit.
looks like we both closed our short too soon hahaha
  • #1,496
  • Oct 11, 2016 11:58am Oct 11, 2016 11:58am
Quoting 90strader
{quote} looks like we both closed our short too soon hahaha

yeah f****.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,497
  • Oct 11, 2016 12:04pm Oct 11, 2016 12:04pm
Quoting Peruvian80
{quote} yeah f****.
i made too many stupid entries today, so i just wanna get some profit and sleep
wow, if i didn't close that short, i can double my account just now
but don't feel sad or angry brother, pips is everywhere
  • #1,498
  • Oct 11, 2016 12:45pm Oct 11, 2016 12:45pm
Take a look at my scalper demo, i dont even remember the account number. If i put real money there, whoa...

Shame i could not withdraw a demo account, hahaha...
But i realise something, taking measurement using few point do mess calculation. Yup, its because this massive spike, i realize this point. At least now pairs strength i rank manual are consistent with my calculation. Still got plenty bugs, but i felt that im heading into right direction on this one. Start few demo at random(when i feel i would), entries doesnt really matter. As long i spread it accross entry and pairs the net result r always positive, even with loads if bugs.

Last reading after adjustment:
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20161011_224520.jpg Size: 1.3 MB

The prev reading i post differ with my view, this one look much better. Here we find USD dominate most pairs.

Btw, did u guys realize gold kinda survive even on strong USD. While we still above buying area, this confirm gold bullish scenario.
  • #1,499
  • Oct 11, 2016 12:47pm Oct 11, 2016 12:47pm
Quoting 90strader
{quote} i made too many stupid entries today, so i just wanna get some profit and sleep wow, if i didn't close that short, i can double my account just now but don't feel sad or angry brother, pips is everywhere

im in again, with double lots, i just set it at breakeven, and i am green 20 pips now, so let see what happened
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,500
  • Oct 12, 2016 8:47am Oct 12, 2016 8:47am
My trading style is not good but i start to come out of this hole, starting to understand Ger30 index.
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