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 Forex Version XI, Foreign Exchange Market Discussion

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ProperTYcoon
post Aug 14 2013, 03:03 PM

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QUOTE(Jeck10 @ Aug 14 2013, 02:23 PM)
Yea that's wat I'm really scared about..
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there are several factors out there that might cause you loss in Live

1) Margin

2) Capital
ProperTYcoon
post Aug 14 2013, 03:10 PM

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QUOTE(sebastian.twz @ Aug 14 2013, 03:06 PM)
To me the #1 reason will be emotions, not a good feeling when you see your account in the red shakehead.gif  shakehead.gif
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when its in red, you tend to get tense
ProperTYcoon
post Aug 14 2013, 03:26 PM

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QUOTE(sebastian.twz @ Aug 14 2013, 03:22 PM)
Yea, for newbies, when they see it in the red, sometimes we'll get spooked and then closed the trade; only to have the price move according to our analysis in the next hours or so... then we'll give ourself a FACEPALM  shakehead.gif
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that's for sure, one thing that might help is, award yourself small capital during Demo, from there, you'll get to understand more about the margin stuff
ProperTYcoon
post Aug 14 2013, 03:30 PM

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QUOTE(sebastian.twz @ Aug 14 2013, 03:29 PM)
Yea, be realistic on the amount you put in the balance. Keep trading, perfecting your control on both your emotions and your analysis, build your faith in your trading.  thumbup.gif
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my worse nightmare when i was a newbie.

-losing 50pip
-add another bet

-went down to 70pip + 20pip

-straight downhill to 100pip + 50pip

total lost 150pip 0.3 lot biggrin.gif
ProperTYcoon
post Aug 14 2013, 03:44 PM

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QUOTE(sebastian.twz @ Aug 14 2013, 03:38 PM)
Same same, probably happened to every trader before, ego getting in the way. better have a preset exit plan XD thumbup.gif
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haha for now, what I used to do is simple

-get notification from signals

-Open trade, set TP set SL, concentrate on work. That's it

Win = take it

lose = take it

Discipline yourself, I managed to get away with atleast 500pips monthly so far
ProperTYcoon
post Aug 14 2013, 05:31 PM

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QUOTE(Jeck10 @ Aug 14 2013, 05:27 PM)
Yea it's exactly the same like ppl at genting lost all their money, then want to borrow money to win back what they had lost, and ended up lost everything..tongue.gif
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that's the typical theory of Gambling, always remember remember and remember.

in Forex, its either we make our best research to "Gain" in a trade or walk away with "Loss"

Everyone faces the "RED Situation", calm down, take a rest and start again tomorrow if you were hit with a big slap on your face
ProperTYcoon
post Aug 16 2013, 10:06 AM

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Did anyone predicted a collapse on USD last night?
ProperTYcoon
post Aug 17 2013, 12:49 PM

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QUOTE(Jeck10 @ Aug 16 2013, 07:22 PM)
Yesterday was so hectic..was losing more than 1k$, then keep scalping until late night and got positive 300$.

Today dont feel like scalping anymore, so stressful..
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hahahaha wow, how did you scalp? big lot scalp?
ProperTYcoon
post Aug 19 2013, 09:13 AM

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QUOTE(Jeck10 @ Aug 17 2013, 01:47 PM)
Still same value just that a couple that are more confident I put bigger lot. Then I just tp after 10-20 pips. Made 33 trades. 25greens vs 8reds. Some of the reds are too big lol.
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sometimes what beneath us is a word "Can't afford to lose", thats why we tend to have more reds
ProperTYcoon
post Aug 20 2013, 11:56 AM

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QUOTE(sebastian.twz @ Aug 19 2013, 12:45 PM)
I smell EGO in the air  cool2.gif
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that's true about traders, if you have strong ego and can't bear to take the loss,

eventually we'll have more reds. true story
ProperTYcoon
post Aug 20 2013, 12:57 PM

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hi there, take a deep breath, take a big buy on USD, we're going to see some fireworks tonight
ProperTYcoon
post Aug 20 2013, 06:32 PM

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take a deep breath people! start buying USD!!
ProperTYcoon
post Aug 21 2013, 09:46 AM

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seems like we should start pumping more fuels to bear the wrath of FOMC tonight, going up going down!
ProperTYcoon
post Aug 21 2013, 11:16 AM

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QUOTE(sebastian.twz @ Aug 21 2013, 11:07 AM)
I got a feeling septaper will not happen, maybe Dectaper?
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tonight is gonna be a big night!
ProperTYcoon
post Aug 21 2013, 11:45 AM

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QUOTE(sebastian.twz @ Aug 21 2013, 11:30 AM)
Uncle Ben gonna determine the fate of USD  cool2.gif  cool2.gif

he say no septaper > who short who GG
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i'm looking forward for good news tonight
ProperTYcoon
post Aug 21 2013, 11:55 AM

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QUOTE(sebastian.twz @ Aug 21 2013, 11:49 AM)
Well, on the bright side, its a 50:50 trade..... the price is relaxing at June's High.... probably waiting for good news to come back down/ bad news and shoot back up to Jan high
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i have like 3 open positions buying USD. lol
ProperTYcoon
post Aug 21 2013, 12:13 PM

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QUOTE(sebastian.twz @ Aug 21 2013, 12:04 PM)
ahah i got 2 pendings XD

better be a lil late than sorry
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Pending? yet to enter?
ProperTYcoon
post Aug 21 2013, 12:30 PM

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QUOTE(sebastian.twz @ Aug 21 2013, 12:23 PM)
Entered short early this month, but hit my trailing stop... 80 pips green only...

Still waiting for tonight... so i set pending first XD
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80pips green isnt that bad afterall, looking forward for tonight, keeping fingers crossed
ProperTYcoon
post Aug 21 2013, 12:58 PM

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QUOTE(zDarkForceSz @ Aug 21 2013, 12:56 PM)
hehe, we're on the same team. i got a short position open from ytd. lets see what show is going on tonight~
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I entered quite a bad time before it bull last night, I thought it will come down as expected but unfortunately might have to wait.

EURO is currently strong
ProperTYcoon
post Aug 21 2013, 01:41 PM

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QUOTE(zDarkForceSz @ Aug 21 2013, 01:19 PM)
oh, i entered during the 2nd bull candle retract, so lucky =x
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seems like EU is going down by a bit for now

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