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wasp

Live FX Trades

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I have no stop. I'm just going short for the fun of it. Given up! Its all or nothing with this trade... Full leverage. I want 100 pips giving me 100k or I blow the whole account.

 

Sounds a whole lot like things I did in the past :crap: :angry:

Problem is I still show tendencies like that after a couple of losing trades. :helloooo:

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Sounds a whole lot like things I did in the past :crap: :angry:

Problem is I still show tendencies like that after a couple of losing trades. :helloooo:

 

:rofl:

 

Crap! I was looking forward to :boxing: some sense into you!

;)

 

 

Tempting as it is sometimes, I did it earlier this year and regret it every day since. Never again.

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I have no stop. I'm just going short for the fun of it. Given up! Its all or nothing with this trade... Full leverage. I want 100 pips giving me 100k or I blow the whole account.

 

Tempting as it is sometimes, I did it earlier this year and regret it every day since. Never again.

 

assuming this isnt a joke, you are showing all the same signs of frustration that I am experiencing.

 

however, if you blow your account, you dont get to play again for a very long time.

 

I would have thought that backing off and assessing oneself was the correct move.

 

good luck with your gamble.

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assuming this isnt a joke, you are showing all the same signs of frustration that I am experiencing.

 

however, if you blow your account, you dont get to play again for a very long time.

 

I would have thought that backing off and assessing oneself was the correct move.

 

good luck with your gamble.

 

I'm not doing it Myrtle, just messing. Re-assess is my priority and perfection my goal. I certainly won't be blowing my load! :shocked:

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I'm not doing it Myrtle, just messing. Re-assess is my priority and perfection my goal. I certainly won't be blowing my load! :shocked:

 

 

Ahhhh... But it FEELS so gooooood to blow your load! :o

 

Sorry... couldn't resist.

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short GJ @ 204.92

 

Out at b/e and flipped to the long with a new level as progressively updating from prior levels.

 

I will probably post less trades now btw.

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No problem. I think I can see what you're doing now. I appreciate your help. I would be interested in your pip tallies though, and the levels you switched directions at (if you might be kind enough, when you have the time - even if just pm'd to me).

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Moved stop to b/e... entry is above resistance (barely), so we'll see if this hourly candle is just a stop hunt (which it probably is given how early in the hour it dropped), or if there is real intent. I'd prefer to cash in down around 203.87.

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I'll see what I can do but need to concentrate on my trading for a while as things are not going exactly how I would like.

 

I totally understand, Wasp. No problem.

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Moved stop back a little higher to give this some breathing room. 4-hour formed an inside bar. It may retest the upper-side of this bar before choosing a direction.

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Classic rules yes, but I don't necessarily agree with all of them...

 

For instance:

"Continually set higher trading goals." :\

 

Otherwise, good link!

 

I only supplied the link to show where i got the one quote from that i was quoting (and endorse), was not endorsing any of the other quotes.

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How did you do with your short-term strat, Wasp (not looking for pippage)? I started out well, but ended up in an overall loss. I don't handle waking up several times a night very well, but if I just would have reversed, I would have done just fine. Anyway, price on the hourly and subhourly would attack the S/R lines, fall back and then bust through on the next hourly bar (exactly opposite to what I was planning). Ah well. I've switched back to the 4-hour strat for now. Currently long @ 204.87, but uncomfortable with it given the hammer/pin-bar formation that has formed, suggesting a reversal lower. The last 4-hour bar also closed right on my S/R line (to the pip). Can't split lines, so I looked back in time at how these situations worked out, and found a sufficient number of inverted-hammers patterns closing close to support and then going off in the opposite direction to what the candle hinted, to cause me to go long here.

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How did you do with your short-term strat, Wasp (not looking for pippage)? I started out well, but ended up in an overall loss. I don't handle waking up several times a night very well, but if I just would have reversed, I would have done just fine. Anyway, price on the hourly and subhourly would attack the S/R lines, fall back and then bust through on the next hourly bar (exactly opposite to what I was planning). Ah well. I've switched back to the 4-hour strat for now. Currently long @ 204.87, but uncomfortable with it given the hammer/pin-bar formation that has formed, suggesting a reversal lower. The last 4-hour bar also closed right on my S/R line (to the pip). Can't split lines, so I looked back in time at how these situations worked out, and found a sufficient number of inverted-hammers patterns closing close to support and then going off in the opposite direction to what the candle hinted, to cause me to go long here.

 

It was about breakeven in the end! Think I will stick with the 240m tbh but just need to be extra careful with marking on S/R.

 

The 30m gives more detail but it was my own fault I screwed up wit the drop yesterday and just need to pay more attention really.

 

I know what you mean though, trading is meant to be about freedom, not 1 hour naps and 24/7 screen time!

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Kids?!? I sold mine for more account funding. :o

 

I know you better than that, Jack! You love your kids! That's why you have them in forced employment. Truth be told, it's their pay-checks that are feeding your funding! :o

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