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A Honest journal

TheOracle
Aug 03 2011 at 12:23
175 posts
I woke up a little late today and really tired from yesterdays remodeling work. I went short @ 4282 ( highs of yesterday) and got stopped out for -20.

Got a pretty solid signal to go short again at 4340 than price started going up again and I bailed out for +6 pips, just to see now that the trade would be good for 40 or 50 pips.

Well ! I should not be trading at all today, I'm tired and out of focus.

Steve Walker
walker36
Aug 03 2011 at 12:53
1341 posts

TheOracle posted:
    I woke up a little late today and really tired from yesterdays remodeling work. I went short @ 4282 ( highs of yesterday) and got stopped out for -20.

Got a pretty solid signal to go short again at 4340 than price started going up again and I bailed out for +6 pips, just to see now that the trade would be good for 40 or 50 pips.

Well ! I should not be trading at all today, I'm tired and out of focus.


Sorry but I Should say the truth
There ıs no such system on the world that achieves 1:2 Risk/Reward ratio.If so please tell me the logıc I wıll code the EA and gıve ıt to you.
I dont know ıf you are tradıng wıth fıx or floatıng spread, ıf floatıng any spread wıdenıng can STOP you out wıth 20 pıp STOP whıle targetıng +40 - 50.
Again, I dont know ıf you are usıng Money Managment and dıfferent TP poınts, I assume you should.

My last advıse. Just gıve a try.
Purchase any of the followıngs
eg. FGB or WSFR or FCS and open an mıcro account leave ıt ıtselt wıth standart setup.

walker



 

SirGoodman
Aug 03 2011 at 13:03
23 posts

SirGoodman posted:
    You made the right decision. I will post here my trade experience to give you some insight. I will start on Wednesday. Good Evening !!!



If you really want to be a winning trader try to have an open mind. I really could improve your trading results. We trade the same currency. To give you some confidence I will post my entry everytime I do a trade and why. There is a winning way to trade forex and it is not technical or EA.

Good Trading !!!

P.S. I do not want anything from assisting you other than the satisfaction to see your results improve. You need a Trade Plan. You need to know why you are doing the trade.

Later

Chikot
Aug 03 2011 at 13:04
2299 posts
walker, and why is that? Oracle is doing well. why should he change anything? Nobody cannot win all the time.

When trading manually tiredness and things that disturb and take eye from the ball screw things considerably. My yesterday's trading is a point. Would not go into details but we are having major project of our own, LOL.

Steve Walker
walker36
Aug 03 2011 at 13:07
1341 posts

Chikot posted:
    walker, and why is that? Oracle is doing well. why should he change anything? Nobody cannot win all the time.

When trading manually tiredness and things that disturb and take eye from the ball screw things considerably. My yesterday's trading is a point. Would not go into details but we are having major project of our own, LOL.


I am not talkıng about %100 wın. THERE IS NO SUCH THING IN MARKET.
I am talkıng about Risk/Reward ratio. Please read what I wrote carefully then comment ıf you dont mınd.

walker

Chikot
Aug 03 2011 at 13:14
2299 posts

walker36 posted:
    
Chikot posted:
    walker, and why is that? Oracle is doing well. why should he change anything? Nobody cannot win all the time.

When trading manually tiredness and things that disturb and take eye from the ball screw things considerably. My yesterday's trading is a point. Would not go into details but we are having major project of our own, LOL.


I am not talkıng about %100 wın. THERE IS NO SUCH THING IN MARKET.
I am talkıng about Risk/Reward ratio. Please read what I wrote carefully then comment ıf you dont mınd.

walker



I do not remember that Oracle was ever speaking about having fixed risk to reward. He simply expressed pity that he closed for 6 pips and market moved price further.
It all depends upon the strategy used and where the entry is.
In any case I think he knows what he is doing.

Steve Walker
walker36
Aug 03 2011 at 13:22
1341 posts
Yes

He wrote

'Got a pretty solid signal to go short again at 4340 than price started going up again and I bailed out for +6 pips, just to see now that the trade would be good for 40 or 50 pips.'

thıs ıs emotıon sır. If you agree or not. Emotıon ıs kıllıng hıs trades. He exıt that trade becouse he dıd LOST the last one. In that trade he tought he can loose agaın and toal loss wıll -40 pıps. so he dıd EXIT. he dıd not follow the rules he had.

THIS EMOTION SIR. If you are callıng that trades acıtıvıtes as ' HE IS DOING GOOD' you are NOT HELPING HIM. and you are doıng very dongerous thıng for hıs future trades. If you want to help hım TELL THE TRUTHS. NOT YE YE every commnet.

regards

Chikot
Aug 03 2011 at 13:29
2299 posts
Relax man, emotions are ever present. He cuts his losses and despite rare emotional outbursts like this he will be fine. I just wonder why are you so emotional? 😁

Steve Walker
walker36
Aug 03 2011 at 13:38
1341 posts

Chikot posted:
    Relax man, emotions are ever present. He cuts his losses and despite rare emotional outbursts like this he will be fine. I just wonder why are you so emotional? 😁


I am not emotıonal. YOU are Emotıonal to what ever he does. I am just tellıng the truth.
If you lıke to watchıng hım here whıle doıng wrong thıngs thıs your perspectıve. NOT MINE.

RULE 1
If you are not ready to STOP OUT accordıng to your stats DO NOT TAKE THE TRADE.
RULE 2
ıf you are not ready to waıt untıl TAKE PROFIT target ın your stats DO NOT TAKE THE TRADE.

or ıt ıs better to gıve cash to broker dırectly.

walker

 

TheOracle
Aug 03 2011 at 13:47
175 posts
Ok finaly got a decent entry @ 1.4340 on the re test of the previous high currently at +55 pips 😁 patience pays at the end!

I'm gonna set up my t/p at +20 and see what happens. In the worst scenario I'm still finishing my day on positive.

I'm tired !

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