agree


oh my...i'm speechless. but agree on bulkbiz.


agree

okie..thanks all for support...

heya. is the xauusd price affected by the news on fed accomodative interest rate?

This post has been edited by Invince_Z: Mar 23 2010, 11:30 PM

you didnt lose anything.. you just lose a taste of winning.. you still have your 1k.. thats why I said take it out.. so you trading with nothing.. cause your capital is back in your hands..

Thomas, i suggest u stop right nw n begin evaluate ur emotions, from the start i have told u tat ur goal setting n stuff has already seen thru that ur not mature yet to c the 'real potential' of the forex world, the potential is not to earn big in instant, but process, bit by bit..

Maybe u cant grasp this concept yet, bt honestly speaking, even George Soros cant predict 100% of the time, ur words seems tat u know the market well..

Review back rstusa post about an article, i think is useful for u.

Pls do correct me if i look like teasing u, bt as a forumer this is jz my 2 cents.. Of coz, u may continue ur endeavor, ur trade, ur money, u might get through, or maybe not, i dunno, so come back, market is still unpredictable..

agree, thomas, i had see how you viewing the trading, a 22+ guys seen like still not mature enough to trade Forex.

Maybe now try lowest size 1st, then continue again 3month see your startegy still work or not.

Dont try to fight market, 1mil use just sap sap, wont effect market much

I got a smell of my failure experience same like Thomas last 3 years. I started with $1k, but then I challenge my account open trades with size 1.00 or 2.00 lots, I keep deposit my capital when near margin call, so ended up I lost $7k total of my capital, this is a lesson for me, I hope Thomas don't repeat my failure step.

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Added on March 24, 2010, 8:59 amThis example is for Thomas & all traders.

Let's say that two traders have the exact same profitability over the course of 2009. However, Trader A has won his last 3 trades, and Trader B has lost his last 3 trades. Even though they have made the same amount of money over the year, who do you think feels more positive? Trader A, of course. In fact, Trader A probably feels like he can run through a wall and will never lose again after winning 3 consecutive trades.

Trader A will ignore possible warning signs and enter a trade that typically does not fit his criteria. This increases the odds of a loss. Shaking his head, Trader A cannot believe he ignored those signs and gave back some of the profits from his recent win streak. Even if he is able to right the ship and go back to a neutral mindset, he still lost a trade due to a mental error. Of course, every trader will lose plenty of trades, but emotional errors are the reason most traders that would otherwise be successful don't live up to their potential. If Trader A does not become emotionally neutral, the damage to his account can be even greater.

Trader B probably feels as if he will never win a trade again after losing 3 straight trades. Sure, he has won plenty of trades and is very profitable on the year. However, those 3 trades have him thinking very negatively. In this circumstances, If Trader B become emotionally neutral, he could pass up on a perfect trade set up that fits his criteria because he is scared of losing again. Both scenarios can be disastrous to a trader's mindset.

This post has been edited by rstusa: Mar 24 2010, 08:59 AM

he is still trading using that high leverage!

guess it his style eh. different people, different approach.

yerp ...emotions plays dude


90% of successful trading related to the psychology and emotion ..

be strong while the market bias ...never let emotion make you down

Hello guys

How has everyone's trading been?

i m in the field....

would love to see your stats back to 7k++. keep do good trade

giv me 3-5 days...

what pairs do you trade on thomas?

Is variable spread good or fixed spread good?

my advice is dont set a daily absurd target like 25% a day.

when u set a target, u will force to trade every day even when the condition of the market is against you. a good forex trader waits on a good opportunity to trade.

just like rstusa, u remind me of my past self too, i lose bout 750 (shame of me, but i BE already). my past self was got daily target of 10% a day, and i even use martingale hedge. and on low volatily day, game over for me.

This post has been edited by john123x: Mar 24 2010, 10:41 AM

That depends on your style. Most brokers don't really claim to have fixed spreads but rather they call it controlled spreads. My broker, FXDD, have controlled spreads for major pairs and the spreads don't change. That makes it easier to place orders to trade news announcements.

Variable spreads makes it very difficult trade news as the spread widens just before news announcements and during low volatility periods to prevent people from scalping. However, variable spreads can have lower spreads during peak periods. You need to check by using the brokers demo account.

my strategy can go in the market anytime... range, trend.. oil, gold... yesterday was my emotion lost control and i didnt calculate well and put the lot so big......

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Added on March 24, 2010, 11:38 amkey in SHORT EUR/USD now.. going to drop on time 8.45am+- MT4 time

This post has been edited by thomas: Mar 24 2010, 11:38 AM

agreed. my forecast always kena when i'm neutral. but when i'm greedy, pasionate, scared, it went all wrong. dush..dush..dush.. haha


whatever it is, welcome back. lesson learned..hope it didn't happen anymore.