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Highest Open / Lowest Open Trade

  • #9,341
  • Dec 14, 2016 7:14am Dec 14, 2016 7:14am
Quoting hal7
{image} My object lesson of the day. Of course today is FOMC in the afternoon. I expect markets to be relatively flat ahead of that, or not. The Fed is "expected" to raise rate a fraction of a point which they have been threatening for the better part of a year, and the world as we know it will come to an end, or not. So I hop out of bed this morning and launch into this EU trade. You don't see it to the left but it had plummeted about 50 pips I think. Is that a freight train? Or a bullet train. Undaunted in I went, red arrow. And waited and waited...
Best Post of the Day award .

I was too busy over in 1-2-3-Land...(the chart's over there).
  • #9,342
  • Dec 14, 2016 7:26am Dec 14, 2016 7:26am
Quoting lemercenaire
{quote} Hi scottlhh. Take a look at this wide-shot...'ain't she pretty? Notice anything that might have helped you make a decision a touch earlier when price had stalled and begun to turn in your trade? Now, you did absolutely nothing wrong in following the rules as set out - especially if you are following the 10-Trade challenge but these things are the kind of messages you need to start learning and storing away in the memory-bank for later. Well done - on to the next! {image}
Thanks scottlhh - talking to you about that trade got me this one! Right place, right time. Second time today - love it.

Sometimes you're the statue, sometimes you're the pigeon.

Attached Image (click to enlarge)
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  • #9,343
  • Dec 14, 2016 7:32am Dec 14, 2016 7:32am
ARE YOU NAILING IT?

“What does ‘nailing it’ mean?

If you’ve truly mastered one positive change, we call it ‘nailing it.’ It’s become a popular shorthand catchphrase with many of our students. For you to have fully integrated the improvement and the changes it requires, it means that for three consecutive months, you’ve been able to complete the change on a daily basis 90 percent of the time or better.

Whatever improvement you choose—whether it’s Organizing Tomorrow Today or committing to doing the Mental Workout—you need to be able to do it nine out of ten days for three months straight—with no excuses. If you can’t do it, it means you need to increase your discipline or commit to a smaller level of intensity. Get started by proving to yourself that you can nail it, even if it’s a smaller commitment. You can always increase later on.

An essential element of performance is for people to learn to trust themselves. When you prove 90 percent of the time that you can nail it, you can’t help but grow your confidence and self-trust.”

– Jason Selk and Matthew Rudy
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,344
  • Dec 14, 2016 7:57am Dec 14, 2016 7:57am
Quoting TooSlow
ARE YOU NAILING IT? What does nailing it mean? If youve truly mastered one positive change, we call it nailing it. Its become a popular shorthand catchphrase with many of our students. For you to have fully integrated the improvement and the changes it requires, it means that for three consecutive months, youve been able to complete the change on a daily basis 90 percent of the time or better. Whatever improvement you choosewhether its Organizing Tomorrow Today or committing to doing the Mental Workoutyou need to be able to do it nine out of ten...
When you prove 90 percent of the time that you can nail it, you can’t help but grow your confidence and self-trust.”

Belief grows belief - success attracts success.

Nail it.
  • #9,345
  • Dec 14, 2016 8:46am Dec 14, 2016 8:46am
Unfortunately I have the same percentage of nailing trades as I do with women. NEGATIVE! But I'm glad a lot of y'all are doing well with one or both of them. LOL!
The better looser you are the better winner you are
  • #9,346
  • Dec 14, 2016 8:48am Dec 14, 2016 8:48am
Quoting USCGamecocks
Unfortunately I have the same percentage of nailing trades as I do with women. NEGATIVE! But I'm glad a lot of y'all are doing well with one or both of them. LOL!
HEY!!!! He's back!!! Thought we'd lost you for a while, there!
  • #9,347
  • Dec 14, 2016 8:53am Dec 14, 2016 8:53am
Quoting USCGamecocks
Unfortunately I have the same percentage of nailing trades as I do with women. NEGATIVE! But I'm glad a lot of y'all are doing well with one or both of them. LOL!
You have to change your mindset.
Do not think of "nailing" women.
Remember, women make the final decision.
Don't try to use "lines".
Every other knucklehead does that.
Be yourself.
You want to be different from the rest.
Learn how to talk to women.
More important, learn how to listen to women.
The most important question to ask a women is, "How did that make you feel?"
Then sit back and be prepared to listen for hours...LOL!

Take the 10 WOMAN CHALLENGE!
Introduce yourself to the next 10 women strangers you encounter.
That's all you have to do.
You have to get use to actually interacting with women.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,348
  • Dec 14, 2016 9:07am Dec 14, 2016 9:07am
Oh no not lost. I still check in on this thread almost everyday to see what y'all are up to. I really enjoy it and the positive attitude that it portrays. Although I can not really trade this way because of the screen time that is involved with this method but I feel like it is a good way to trade and I've really have come to like the people who post on this thread. They seem to genuinely want to help people succeed in trading. Thank you Lemercenaire and TooSlow
The better looser you are the better winner you are
  • #9,349
  • Dec 14, 2016 9:17am Dec 14, 2016 9:17am
Quoting TooSlow
{quote} You have to change your mindset. Do not think of "nailing" women. Remember, women make the final decision. Don't try to use "lines". Every other knucklehead does that. Be yourself. You want to be different from the rest. Learn how to talk to women. More important, learn how to listen to women. The most important question to ask a women is, "How did that make you feel?" Then sit back and be prepared to listen for hours...LOL! Take the 10 WOMAN CHALLENGE! Introduce yourself to the next 10 women strangers you encounter. That's all you have...
This is one of the problems with posting things on a computer instead of actually talking with them. You can't really tell when there is sarcasm involved if it is not said or told that what you are saying is sarcastic. But I do agree and appreciate the advise that you give as it is always great Tooslow. Hopefully it will help some of the younger folks on here as I am married with three children and just found out Thanksgiving that I'm going to be a new Grandpa!
The better looser you are the better winner you are
  • #9,350
  • Dec 14, 2016 9:23am Dec 14, 2016 9:23am
Quoting USCGamecocks
{quote} This is one of the problems with posting things on a computer instead of actually talking with them. You can't really tell when there is sarcasm involved if it is not said or told that what you are saying is sarcastic. But I do agree and appreciate the advise that you give as it is always great Tooslow. Hopefully it will help some of the younger folks on here as I am married with three children and just found out Thanksgiving that I'm going to be a new Grandpa!
I'm going to be a new Grandpa!
Oh boy - I bet you never imagined that moment coming when you were at USC, lol! Congrats!
  • #9,351
  • Dec 14, 2016 9:25am Dec 14, 2016 9:25am
Quoting TooSlow
{quote} You have to change your mindset. Do not think of "nailing" women. Remember, women make the final decision. Don't try to use "lines". Every other knucklehead does that. Be yourself. You want to be different from the rest. Learn how to talk to women. More important, learn how to listen to women. The most important question to ask a women is, "How did that make you feel?" Then sit back and be prepared to listen for hours...LOL! Take the 10 WOMAN CHALLENGE! Introduce yourself to the next 10 women strangers you encounter. That's all you have...
The most important question to ask a women is, "How did that make you feel?"
Then sit back and be prepared to listen for hours...LOL!

I always take along a good book to pass the time
  • #9,352
  • Dec 14, 2016 9:29am Dec 14, 2016 9:29am
Quoting TooSlow
{quote} You have to change your mindset. Do not think of "nailing" women. Remember, women make the final decision. Don't try to use "lines". Every other knucklehead does that. Be yourself. You want to be different from the rest. Learn how to talk to women. More important, learn how to listen to women. The most important question to ask a women is, "How did that make you feel?" Then sit back and be prepared to listen for hours...LOL! Take the 10 WOMAN CHALLENGE! Introduce yourself to the next 10 women strangers you encounter. That's all you have...
I vote this best post of the day . This new challenge sounds more fun.
  • #9,353
  • Dec 14, 2016 9:33am Dec 14, 2016 9:33am
Crude Oil Inventories coming out - Danger, Will Robinson!!!

Also, just to top that off - Everyone paying attention? Not a time to be caught unawares...

7:00pm UK time USD
FOMC Economic Projections
FOMC Statement
Federal Funds Rate
FOMC Press Conference
  • #9,354
  • Dec 14, 2016 9:35am Dec 14, 2016 9:35am
Quoting lemercenaire
{quote} I'm going to be a new Grandpa! Oh boy - I bet you never imagined that moment coming when you were at USC, lol! Congrats!
I still think I'm to young to be a Grandpa but it was a nice surprise. I hope it is a boy because if it is a girl I will spend all my trading money on her. lol. Thanks for the congrats.
The better looser you are the better winner you are
  • #9,355
  • Dec 14, 2016 9:36am Dec 14, 2016 9:36am
Quoting lemercenaire
{quote} Hi scottlhh. Take a look at this wide-shot...'ain't she pretty? Notice anything that might have helped you make a decision a touch earlier when price had stalled and begun to turn in your trade? Now, you did absolutely nothing wrong in following the rules as set out - especially if you are following the 10-Trade challenge but these things are the kind of messages you need to start learning and storing away in the memory-bank for later. Well done - on to the next! {image}

Thank you for your advice lemercenaire!

I was debating whether to take this one or not because price did not get close to the high enough to say tested it. But it closed above the highest open on M15 so I went ahead.
  • #9,356
  • Dec 14, 2016 9:39am Dec 14, 2016 9:39am
''So, tell me Lem...does the news really move the market that much?''

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  • #9,357
  • Dec 14, 2016 9:43am Dec 14, 2016 9:43am
Trade #3

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SL hit +5
  • #9,358
  • Dec 14, 2016 9:43am Dec 14, 2016 9:43am
Quoting scottlhh
{quote} Thank you for your advice lemercenaire! I was debating whether to take this one or not because price did not get close to the high enough to say tested it. But it closed above the highest open on M15 so I went ahead.
No, there was nothing wrong with taking the trade. My point was simply that be taking a step back and looking around, you could perhaps have seen the turn coming and closed a little earlier for a little more profit. Having said that, as noted before, you did all according to the rules.
  • #9,359
  • Dec 14, 2016 9:46am Dec 14, 2016 9:46am
Quoting scottlhh
Trade #3 {image} SL hit +5
I was just about to ask if you got a second bite - well done.
  • #9,360
  • Dec 14, 2016 9:51am Dec 14, 2016 9:51am
Quoting lemercenaire
{quote} No, there was nothing wrong with taking the trade. My point was simply that be taking a step back and looking around, you could perhaps have seen the turn coming and closed a little earlier for a little more profit. Having said that, as noted before, you did all according to the rules.
Understand. I do feel quite difficult on when to give market breath room and when to jump ship. Before I get better sense of it follow rules would be my best friend.
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