It's OK, many times that saves me from a much bigger loss, plus tight SL does not mean tight limit stop, I still might be going for those 100pips with a 10 pip SL, than my RR is 10:1
It's OK, many times that saves me from a much bigger loss, plus tight SL does not mean tight limit stop, I still might be going for those 100pips with a 10 pip SL, than my RR is 10:1
I like the way you think but limit is as bad as SL. unless your not at your P.C. I like to use SL as my limit once my target is passed.
robert im going to speak from my heart, and i mean only well to you so dont take anything the wrong way.
Originally Posted by Robert Eckert
Yeah, I'm sure: nothing works (sobs, curls into ball, nurses self-pity; OK, I'm over it).
DO U REALLY BELIEVE THAT? tell me its not true.
if u think that nothing works, then your mind will find reason to make that a reality. if u continue to think :nothing works, u will find that nothing works and u will continue to disappoint your self.
tell your self 100 times i want to stop smoking, i will stop smoking and actually mean what you say, and this is a fact: your mind (or should i say your subconscious mind) will find ways to make that in to a reality. i have proven that to my self. nothing is impossible as long as you believe that...... so many people ( the majority DID NOT believe) that we can put man on the moon. but you know what, those few dozens of people who believed they can, made it in to a reality. and they did.
apply it to trading
Originally Posted by Robert Eckert
A buddy commended 377MA (no idea why he likes "377"; sounds as arbitrary as your "34" but whatever works) as a long-term trend line (it's the lavender line on my euro chart; it had come down to "kiss" the price when I re-entered short thinking it would bounce off down, but then came the up-spike, so high above the lavender line I was sure of a gap-down this weekend, which seems to have been a badly wrong guess). I'll try adding a "34" (I need a nifty new color: or need to delete all the other lines from my chart, since they have "betrayed" me so badly).
keep your mind open to new ideas. DO NOT jump to conclusion before u find out the truth.
i know what the truth is, and ill tell you.
if u believe like millions of people bieleve that the Fibonacci numbers in the forex mean something (like Fibonacci retracements and what not) the .382, or .618 retrace or 50 retrace (even tho 50 is NOT a fibo number) then it becomes a reality bec so many people are also looking at those numbers, price will in fact move higher again once those levels are hit.
well i think that guy who found 377MA and made it work for himself, is smart. and here is why
if u did not know, 377 is a Fibonacci number.... again price will respect fibo number more then just "random" number. that is what i believe and so to many people out there.
"the golden ratio" that is what Fibonacci levels are derived from. look it up. EW technicians use it allot in there trading.
if u think my number that i use is just 'RANDOM" then it will be random to you bec u wont see it as an "edge"
i use it bec (again) its a Fibonacci number that price tends to respect more then other random numbers such as 10 or 20 or 30.
21 (a fibo number in it self) plus 13 (another fibo number in its self) adds to 34. 34 is what i use in MY style of trading and that number respects my trading, and my trading respects that number.
[/QUOTE]
PS. just saying my hole system is not just the MA. i have other indies to help me out when to buy and when to sell.
never say, no u cant to anything, your mind will find ways to prove that, and again u will be disappointed.
keep an open mind and one day u will find something that works "FOR YOU & ONLY YOU". but it takes a lot of courage and fight. do u have that fight left in you to keep going?
time will tell...............................................................................
robert i wish you only the best, and hope u will come trough in trading just like so many others
robert im going to speak from my heart, and i mean only well to you so dont take anything the wrong way.
DO U REALLY BELIEVE THAT? tell me its not true.
if u think that nothing works, then your mind will find reason to make that a reality. if u continue to think :nothing works, u will find that nothing works and u will continue to disappoint your self.
tell your self 100 times i want to stop smoking, i will stop smoking and actually mean what you say, and this is a fact: your mind (or should i say your subconscious mind) will find ways to make that in to a reality. i have proven that to my self. nothing is impossible as long as you believe that...... so many people ( the majority DID NOT believe) that we can put man on the moon. but you know what, those few dozens of people who believed they can, made it in to a reality. and they did.
apply it to trading
keep your mind open to new ideas. DO NOT jump to conclusion before u find out the truth.
i know what the truth is, and ill tell you.
if u believe like millions of people bieleve that the Fibonacci numbers in the forex mean something (like Fibonacci retracements and what not) the .382, or .618 retrace or 50 retrace (even tho 50 is NOT a fibo number) then it becomes a reality bec so many people are also looking at those numbers, price will in fact move higher again once those levels are hit.
well i think that guy who found 377MA and made it work for himself, is smart. and here is why
if u did not know, 377 is a Fibonacci number.... again price will respect fibo number more then just "random" number. that is what i believe and so to many people out there.
"the golden ratio" that is what Fibonacci levels are derived from. look it up. EW technicians use it allot in there trading.
if u think my number that i use is just 'RANDOM" then it will be random to you bec u wont see it as an "edge"
i use it bec (again) its a Fibonacci number that price tends to respect more then other random numbers such as 10 or 20 or 30.
21 (a fibo number in it self) plus 13 (another fibo number in its self) adds to 34. 34 is what i use in MY style of trading and that number respects my trading, and my trading respects that number.
PS. just saying my hole system is not just the MA. i have other indies to help me out when to buy and when to sell.
never say, no u cant to anything, your mind will find ways to prove that, and again u will be disappointed.
keep an open mind and one day u will find something that works "FOR YOU & ONLY YOU". but it takes a lot of courage and fight. do u have that fight left in you to keep going?
time will tell...............................................................................
robert i wish you only the best, and hope u will come trough in trading just like so many others
GL and have a good week......[/QUOTE]
Ma is so much more than people know, I am with you 100%, as for game changers well if you don't see them you don't read charts.
back to trading, i have 1.2590 as support. we stay above (give or take 10-30 pips) we should get another high. also 1.2560 is the monthly pivot. pressure is now to the up side on shorter term TF.
a break tab lower and there is lower supp 1.2520 and 1.2471 to look out for.....
It's OK, many times that saves me from a much bigger loss, plus tight SL does not mean tight limit stop, I still might be going for those 100pips with a 10 pip SL, than my RR is 10:1
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Originally Posted by MAXJOY
