Never Lose Again

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es/pip
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Postby es/pip » Wed Aug 19, 2009 3:48 pm

thats the end of my day


MO, do you ever feel guilty for doing this?

I don't :twisted: :twisted: :twisted: :twisted:


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Bend over and assume the position for another 4 years of hope and change.

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BlackPearl
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Postby BlackPearl » Wed Aug 19, 2009 3:57 pm

Thank you Pro! I appreciate the help.

BP

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monolisa
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Postby monolisa » Wed Aug 19, 2009 4:24 pm

Nice, es.

Today's GBPUSD not-so-MZ trade. Likewise on EURUSD.

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Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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dragon33
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Postby dragon33 » Wed Aug 19, 2009 4:58 pm

es/pip wrote:thats the end of my day


MO, do you ever feel guilty for doing this?

I don't :twisted: :twisted: :twisted: :twisted:


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lol i know the feeling! It is just to stupid for words. If i knew this from the beginning oh man! Scalping was fun but very hard focusing and this is sooooooo easy!

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brettnchrism
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Postby brettnchrism » Wed Aug 19, 2009 5:06 pm

bought at the top on strong up move and suffered a little dd so I added at 50 percent. Price came back took out my target total +45 for the two entries. Not perfect but it worked this time.
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MightyOne
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Postby MightyOne » Wed Aug 19, 2009 6:07 pm

dragon33 wrote:
es/pip wrote:thats the end of my day


MO, do you ever feel guilty for doing this?

I don't :twisted: :twisted: :twisted: :twisted:


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lol i know the feeling! It is just to stupid for words. If i knew this from the beginning oh man! Scalping was fun but very hard focusing and this is sooooooo easy!


Trading is always easy when you focus on the right things.

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MightyOne
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Postby MightyOne » Wed Aug 19, 2009 6:18 pm

brettnchrism wrote:bought at the top on strong up move and suffered a little dd so I added at 50 percent. Price came back took out my target total +45 for the two entries. Not perfect but it worked this time.


Getting into a position one piece at a time is fine, but draw down is not a reason to add to a position.

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brettnchrism
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Postby brettnchrism » Wed Aug 19, 2009 8:41 pm

MightyOne wrote:
brettnchrism wrote:bought at the top on strong up move and suffered a little dd so I added at 50 percent. Price came back took out my target total +45 for the two entries. Not perfect but it worked this time.


Getting into a position one piece at a time is fine, but draw down is not a reason to add to a position.
I agree not to add to a draw down situation. My sentence structure was incorrect. I actually viewed the draw down as a retrace and added at the 50 pecent level and would have added at the z line if I had been paying attention. On the larger time frame we had a strong up move and I could see a target. This little retrace gave me a chance for some pips I missed from the original move up. Just something I saw maybe its not the best way to trade.

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brettnchrism
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Postby brettnchrism » Wed Aug 19, 2009 8:46 pm

Anyone else getting a time out 60 second error when trying to view this thread?

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es/pip
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Postby es/pip » Wed Aug 19, 2009 9:41 pm

brettnchrism wrote:bought at the top on strong up move and suffered a little dd so I added at 50 percent. Price came back took out my target total +45 for the two entries. Not perfect but it worked this time.



also just be aware that the further up you are buying the more held profit there is below you. Increasing the chances of them being zl'ed taking your long position down to them.

not saying you cant or shouldn't play it as it keeps going and going---- just that the risk increases
Bend over and assume the position for another 4 years of hope and change.

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