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  • #1,100,461
  • Mar 29, 2017 11:37am Mar 29, 2017 11:37am
Quoting Don96
I made about 10 bill an hour ago
Eh Now, I think it's safe to say you are the 'Chief of FF Gamblers Association'
  • #1,100,462
  • Mar 29, 2017 11:40am Mar 29, 2017 11:40am
Quoting jusstin911
{quote} Eh Now, I think it's safe to say you are the 'Chief of FF Gamblers Association'
in a sense, forex trading = gambling.
it's just matter of how much money you are willing to lose for how much profit.
at least you got 50:50 shot.
  • #1,100,463
  • Mar 29, 2017 11:45am Mar 29, 2017 11:45am
it is not gambling when you manage your risk. It is "taking chance on calculated risk". Professional pokerplayers do the same... (ok in that sense, it is gambling )
but it is not a "luckshot"

@eager disliker: rage on honey
you are not expected to understand this
  • #1,100,464
  • Mar 29, 2017 11:46am Mar 29, 2017 11:46am
Quoting Teek
it is not gambling when you manage your risk. It is "taking chance on calculated risk". Professional pokerplayers do the same... (ok in that sense, it is gambling ) but it is not a "luckshot" @eager disliker: rage on honey
  • #1,100,465
  • Mar 29, 2017 11:48am Mar 29, 2017 11:48am
I'd compare it to fantasy football...
To maximize your gains you must minimize your losses
  • #1,100,466
  • Mar 29, 2017 11:52am Mar 29, 2017 11:52am
where is she gonna go? hmmm
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Drawdown is more important than Account Size !
  • #1,100,467
  • Mar 29, 2017 11:56am Mar 29, 2017 11:56am
Quoting Don96
{quote} Knew it, just a fucking gambler I use the magna carta 1215 to trade
It was revised mate in 1230 . Clarify ... the Original or the Revised ...?


  • #1,100,468
  • Mar 29, 2017 11:59am Mar 29, 2017 11:59am
Quoting procrude
where is she gonna go? hmmm {image}

bearish penant...we going more down
Drawdown is more important than Account Size !
  • #1,100,469
  • Mar 29, 2017 12:01pm Mar 29, 2017 12:01pm
Truth be told, I am having a difficult week with EUR.
Sunday gap - please lets not discuss whether there is gap or not again - screwed up my whole plan.

I had my eyes on 1.0820 for the past two weeks. It barely touched it last week and this sunday opened up above that and even traded 1.09 after such a long time. I was planning to stop shorting once I see an hourly close above 1.0820 but I still did short @1.0846 with a stop @1.0860 which failed. The only reason I tried a short was due to the significance of the resistance zone.

What then happened was actually a bearish sign for me end of the day.
Yesterday I seeked a short entry @1.0877 which never came and even tough I took the short @1.0868 , closed it once London closed above 1.0850.

US session dumped it below 1.0800 but not being able to reach 1.0788 was a sign for me that there were bulls lurking here.

With that idea on my mind, I began the day and had faith that London session would at least try to get closer to its previous close. I therefore took the long @1.0784, the only game plan I had was take a short closer to 1.0850.
That also failed terribly. You see even tough I was bearish all over, didnt make a dime since the entry I seek was nowhere to be found.

It now tested 1.0748 - fib 38.2% and the juicy short opportunity is now missed. It can go all the way to 1.0610 from here or take the high of Monday.

Why am I sharing this? Just to give you an idea that you are not alone. It is literally impossible to win at all times even tough your bias is correct.

Have a good one peeps. Tomorrow is a new day.
  • #1,100,470
  • Mar 29, 2017 12:07pm Mar 29, 2017 12:07pm
Quoting Connors
Truth be told, I am having a difficult week with EUR. Sunday gap - please lets not discuss whether there is gap or not again - screwed up my whole plan. I had my eyes on 1.0820 for the past two weeks. It barely touched it last week and this sunday opened up above that and even traded 1.09 after such a long time. I was planning to stop shorting once I see an hourly close above 1.0820 but I still did short @1.0846 with a stop @1.0860 which failed. The only reason I tried a short was due to the significance of the resistance zone. What then happened...
excellent and very honest post.
sorry to hear that it did not work out as planned.
everyone, at some point, had been there and will happen again.
not the end of the world mate.
plenty other opportunities ahead.
enjoy the moment with your beautiful new born.
those are the ones never come back to you.

/cheers.
  • #1,100,471
  • Mar 29, 2017 12:09pm Mar 29, 2017 12:09pm
Quoting pkimnyc
{quote} excellent and very honest post. sorry to hear that it did not work out as planned. everyone, at some point, had been there and will happen again. not the end of the world mate. plenty other opportunities ahead. enjoy the moment with your beautiful new born. those are the ones never come back to you. /cheers.

Sure man, the little beast actually helped me become a more patient individual. I am trading for a living but I definitely dont live to trade mate.

There will always be an opportunity as long as you keep your powder dry. Thanks man.
  • #1,100,472
  • Mar 29, 2017 12:14pm Mar 29, 2017 12:14pm
I would like to know how you guys define a "gambler"? The term has been widely used over the last 3 hours, and it would seem that it is used incorrectly.
I'm your unknown friend!
  • #1,100,473
  • Mar 29, 2017 12:15pm Mar 29, 2017 12:15pm
Quoting Connors
It is literally impossible to win at all times even tough your bias is correct. Have a good one peeps. Tomorrow is a new day.

Thanks! The mental game is a tough one! Have a good one too!
  • #1,100,474
  • Mar 29, 2017 12:18pm Mar 29, 2017 12:18pm
I'm not sure why so many people are convinced it's going to go back up to 1.09. Why not just bet all on black at the roulette table?
  • #1,100,475
  • Mar 29, 2017 12:20pm Mar 29, 2017 12:20pm
Quoting Connors
{quote} Sure man, the little beast actually helped me become a more patient individual. I am trading for a living but I definitely dont live to trade mate. There will always be an opportunity as long as you keep your powder dry. Thanks man.
Yes mate . Modest targets. Not too far away... and trading only good opportunities ...which means LESS trading

Picking juicy lemons , not every lemon we find in the grocery store ...
I am writing this for me to enact it TOO...
Regards
  • #1,100,476
  • Mar 29, 2017 12:20pm Mar 29, 2017 12:20pm
is anyone else concerned we are not retesting the recent levels on the H1. I am paused in EU trading considering this. (execpt for my EA trade that is on right now but that is a small and different story)

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forex forex forex
  • #1,100,477
  • Mar 29, 2017 12:26pm Mar 29, 2017 12:26pm
I like a lot this thread, I laught a lot here between or/and during the trades.
It makes the trading activity more acurate, less lonely and more fun.
Hilmy, the Top Gun "bler".
  • #1,100,478
  • Mar 29, 2017 12:26pm Mar 29, 2017 12:26pm
The EU Stock Exchange merger got shot down... and the DXY goes weak? Now the EUR is trying to bull rally on a bearish flag pattern... interesting. Wonder if this is stop hunting before another drop...Heading to 07650 fast though....
  • #1,100,479
  • Mar 29, 2017 12:29pm Mar 29, 2017 12:29pm
Quoting swimmax
is anyone else concerned we are not retesting the recent levels on the H1. I am paused in EU trading considering this. (execpt for my EA trade that is on right now but that is a small and different story) {image}
Yes, I was looking for a retest to the 1.07400 level... it's the EU Stock Exchange merger news... I thought it would help the bears.. looking like I was wrong.
  • #1,100,480
  • Mar 29, 2017 12:37pm Mar 29, 2017 12:37pm
It was a triangle like formation, more upward move?
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