Why to have a wave sound if you can arrange something with hugh hefner??????
es/pip wrote:
MightyOne wrote:
es/pip wrote:retarded
have to sleep or i may die-----long weekend
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
"daddy" lmao
or maybe
" big papi"
lol
i will have to look into this
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
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:
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
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.
im with ya
everyone pretty much goes through it at some point.
the good thing is that you see the trades and do not have the fear of putting them on start with.
either do what dragon was saying about taking some off or drop your size down and beat the fear that way.
u have to have small losers and bigger winners
edit------------
that is why i do not compound my account 100%---- me taking out 25-100% a week of what i make is the same as dropping my trade size. and i grow the account slower so my emotions can keep up with my size.
In the beginning i compounded it 100% but after a while it just gets retarded
Bend over and assume the position for another 4 years of hope and change.
what was wrong with this trade.. short EJ of the 5 min .. was it the fact that the previous 4h and 1h bullish momo was larger and price wicked those respective MZ and jumped higher trumps the more recent bearish momo?
spa wrote:what was wrong with this trade.. short EJ of the 5 min .. was it the fact that the previous 4h and 1h bullish momo was larger and price wicked those respective MZ and jumped higher trumps the more recent bearish momo?
This is trading, anything can happen!
On H4 you can see there was more to jump up. Price and time is really important
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
spa wrote:what was wrong with this trade.. short EJ of the 5 min .. was it the fact that the previous 4h and 1h bullish momo was larger and price wicked those respective MZ and jumped higher trumps the more recent bearish momo?
If I'm not mistaken you have a bollinger band on M5. It is likely that once price has moved from one extreme through the middle line (= average) it continues to move to the other extreme. Based on the fact that the price first tested the middle and then went through it, going long had a higher probability, especially if you combine that with the 66-ish % probability that there will be a 2nd same color bar (i.e. green after green).
If you put EJ on H1, you can see that price bounced off exactly at the middle.
There's no business like [strike]show[/strike] covid19 business.
***FX-JEDI*** wrote:Just a couple of trades from GBP/USD over last few days.
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!
Thanks Pablo..
I'm getting there!!
got out of trade at 315.2 pips.
nice one
Thanks ES/PIP.. you have been a real help..
Cheers Mate...
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....
