Never Lose Again

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aliassmith
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Postby aliassmith » Mon Sep 21, 2009 1:01 pm

GBP?USD H1

We looking at a double bottom here on the H4 ZL?

Waiting for some MoMo to lead the way!
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es/pip
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Postby es/pip » Mon Sep 21, 2009 1:07 pm

***FX-JEDI*** wrote:
pablo101 wrote:
***FX-JEDI*** wrote:Just a couple of trades from GBP/USD over last few days. :D

Thanks for your post ES/PIP & DRAGON, they have been a big help,
I'm focusing on fine tuning my entries, slowly getting better at this I think..

Lukx, I know everyone has said something to you about not giving up etc etc., so you probably sick of hearing about it. I just want to say how good this forum is & how valuable this information is, when i started out learning how to trade, I did a course that cost me $5,500, I did this before I realized how good it is to search the internet & what google is..about 5 years ago now.. All of the stuff I was taught could be found on the net for free, you just needed to piece it all together & really from what I found out they were just "teachers" not "traders"...took me a while to get over that..
Here I believe these guys are the real deal. they are traders, not teachers. & my trading has improved dramatically since stumbling across this site. One day I hope to be able to teach my trading knowledge to others freely, like MO & others have done..
So hopefully you will continue on trading if that is what you want to do & come to know it will take time to Master..

Regards ***FX-JEDI***


Nice trading! Man you are good. There's me thinking I'm happy with 40 a day doh! :shock:


Thanks Pablo.. :)

I'm getting there!!

got out of trade at 315.2 pips.


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

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MightyOne
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Postby MightyOne » Mon Sep 21, 2009 1:54 pm

es/pip wrote:retarded

have to sleep or i may die-----long weekend :shock:




Image


I would not be surprised if your gains activated a special sound wave file that contained an incredibly sexy female voice that called you daddy every time you exit a trade in profit ;)

Very nice gains es/pip!

I don't even consider trading on Sunday or the last week of the month.

Days where you do nothing can be more valuable than money :lol:

spa
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Postby spa » Mon Sep 21, 2009 2:16 pm

GJ 5 min trade ..price wicked a 4h ZL and 1h MZ ..5 min showed momentum to the downside and i opened a short position with one 3rd ... exited at the lower 5min ZL altough both 1h and 4h show plenty of downside potential
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es/pip
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Postby es/pip » Mon Sep 21, 2009 2:26 pm

MightyOne wrote:
es/pip wrote:retarded

have to sleep or i may die-----long weekend :shock:




Image


I would not be surprised if your gains activated a special sound wave file that contained an incredibly sexy female voice that called you daddy every time you exit a trade in profit ;)

Very nice gains es/pip!

I don't even consider trading on Sunday or the last week of the month.

Days where you do nothing can be more valuable than money :lol:



"daddy" lmao

or maybe

" big papi"

lol


i will have to look into this
Bend over and assume the position for another 4 years of hope and change.

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aliassmith
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Postby aliassmith » Mon Sep 21, 2009 3:16 pm

GBP?USD M5

Hit buy at the green price, slipped and hit close

then it went to my target in orange :x

Maybe I'll cautch the M15 MoMo when it comes back
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es/pip
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Postby es/pip » Mon Sep 21, 2009 3:26 pm

i am going to go play golf, find a bar or try and figure out how to make my computer yell daddy at me



lol

done for the day

i just laugh sometimes, not sure what else you can do about it

Image

Image

Image

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

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cfabian
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Postby cfabian » Mon Sep 21, 2009 3:50 pm

It is 100% psychologycal...

Why it happens? Because yes I'm afraid to loose the trade when I have to possibility to close it with profit. Why? Because I've lost so much that it is like when you get bitten by a dog and see one in your direction on the sidewalk, you just manage to cross to the other side, or be ready to kill that bastard at the first bark.

Yes its a matter of build more confidence. As Dragon suggested, is a good start to close a portion of it to secure profit, and let the rest run.


es/pip wrote:
cfabian wrote:Totally agreed, I was like that too...
Now my problem is getting to the other extreme, where letting it run is kind of hard when already in profit...


pablo101 wrote:
lukx wrote:another loosing day:

Image


It sounds like a broken record.

You had some trades in green yet you didn't take profit. Sounds to me like you're holding on for the big moves and .... hope comes in play.

I was like this when I blew my very first account. I had a 'horse racing' mentality. You place a bet because you are absolutely sure that your horse will win and when the race starts, you are screaming and shouting, cheering your horse to run faster. Even when your horse starts faltering, you KNOW it will win. This is hope and when money comes in play you will find you lose it all.

Time for a "REALITY CHECK" lukx. Take smaller moves and be happy with it. Or I'll come over and slap your head (hard if necessary) until it sinks in :lol:



ok

this is interesting because it has to do with 90ish% of trading----emotions and psychology.

you have acknowledged what your problem is---- " letting it run is kind of hard when already in profit"

now that you know that is a problem you can now correct it.


all you have to do is answer WHY, WHAT is causing you to feel that way.

is it fear of losing

fear of giving back profit that u are up in the trade-- if so--- why- what exactly

is the trade size too large for your emotions to handle the ups and downs while it ticks for or against you


or what is the reason.


once you define it and acknowledge it is the cause, then drop your trade size down to an acceptable level and start again. While starting this new increase on your trade size you will be aware of why you started over, the exact reason. Then as you progress through time you will be able to hold your trades while mentally understanding what the cause was and how to fix it in the future. Then knowing that you defined the exact problem and solved it you can move forward---emoitionaly.

The mind is a complex little thing.


you have to detach yourself from the monetary value of money and trade the trade for what it is. It is just a trade. After all the market does not know if you are trading at 1 per pip or 1k per pip. It will do what it does regardless.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Mon Sep 21, 2009 3:54 pm

Agreed... that's why I'm here, learning from all the experienced ones!!!!


razorboy wrote:Sounds like someone who doesnt know their stats....or their edge.

This is simpler than knowing the card count in a single deck game of blackjack....you just have to realize it


es/pip wrote:
cfabian wrote:Totally agreed, I was like that too...
Now my problem is getting to the other extreme, where letting it run is kind of hard when already in profit...


pablo101 wrote:
lukx wrote:another loosing day:

Image


It sounds like a broken record.

You had some trades in green yet you didn't take profit. Sounds to me like you're holding on for the big moves and .... hope comes in play.

I was like this when I blew my very first account. I had a 'horse racing' mentality. You place a bet because you are absolutely sure that your horse will win and when the race starts, you are screaming and shouting, cheering your horse to run faster. Even when your horse starts faltering, you KNOW it will win. This is hope and when money comes in play you will find you lose it all.

Time for a "REALITY CHECK" lukx. Take smaller moves and be happy with it. Or I'll come over and slap your head (hard if necessary) until it sinks in :lol:



ok

this is interesting because it has to do with 90ish% of trading----emotions and psychology.

you have acknowledged what your problem is---- " letting it run is kind of hard when already in profit"

now that you know that is a problem you can now correct it.


all you have to do is answer WHY, WHAT is causing you to feel that way.

is it fear of losing

fear of giving back profit that u are up in the trade-- if so--- why- what exactly

is the trade size too large for your emotions to handle the ups and downs while it ticks for or against you


or what is the reason.


once you define it and acknowledge it is the cause, then drop your trade size down to an acceptable level and start again. While starting this new increase on your trade size you will be aware of why you started over, the exact reason. Then as you progress through time you will be able to hold your trades while mentally understanding what the cause was and how to fix it in the future. Then knowing that you defined the exact problem and solved it you can move forward---emoitionaly.

The mind is a complex little thing.


you have to detach yourself from the monetary value of money and trade the trade for what it is. It is just a trade. After all the market does not know if you are trading at 1 per pip or 1k per pip. It will do what it does regardless.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Mon Sep 21, 2009 4:03 pm

EDIT---- razorboy got my point, just red it.




es/pip wrote:
aliassmith wrote:
es/pip wrote:what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

Image


Weekend? I was thinking things like grill out and watch football.

Oh Ya I go over old charts and read the forum :)


lol that is exactly what i did today

football

grilled out

charts

forum

:D
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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