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06-26-2009, 06:07 AM
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Right! . I know it is very tempting to grab the profits in a winning position before the profit objective is reached. There is a fear the market will turn around and the trade will become a loser. Be disciplined. There is a reason your profit objective is where it is. You did your homework before entering the trade and the profit objective you decided on justifies the trade in terms of risk/reward. Frequently take profits before the profit objectives are reached will destroy your whole risk/reward ratio and will finally be the difference between success and failure.
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06-26-2009, 10:36 PM
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Well, get yourself a real money account, and lose some dosh. Once you've done that, try and trade it back. That's about as helpful as we all can be.
Excuse me for being so flippant, but unless you have tried it in real-life, you don't have a clue........
Once you've done that, you are an envious person indeed, and should then be able to remark to yourself that all you do is right, and therefore you will be profitable. Me, I just found out the hard way. Am profitable, sometimes.....until I get carried away trading Geppy  |
06-28-2009, 02:21 AM
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Posts: 11
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education
Quote:
Originally Posted by sel
Hey Slickpippin,
I am also a green beginner. I now have a demo account. Yesterday I wanted to edit (open) a trade order and I failed, because I did not know what they are meening with these pips and lots? Next question, if you can help:
If I have a EUR account and I want trade with USD / JPY,
I buy usd and sell jpy or vice?
if you can help, I would be very grateful to you. Otherwise, it might also be the DailyFX moderator reads this and can help me.
Regards
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Hi Sel
So i am new to this site and havent read there education yet. But one site that helped me understand the basics was babypips.com take a look at it has all the answers to your ? and can explain a lot better then me hope this helps and enjoy |
06-29-2009, 09:39 AM
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Posts: 617
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ichimoku daily vs weekly?
Hello everyone,
I don`t have much experience with ichimoku and I see some of You use it in your anlysys.
I have a following question - do You use ichimoku on weekly charts? If the answer is yes - should it have priority to daily ichimoku readings?
The question has risen because on dailies yen crosses sit on a cloud support, but on the other hand - weekly charts show a cloud resistance resulting with last week bearish action. In fact, only audjpy has managed to touch upper band of a cloud and was forced back down - all the others were pushed lower by a lower band of the cloud.
Thanks in advance
BTW - weekly ichimoku resistance seems to go inline with Cmellon`s delta analysys - cheers C - I see you`re online and postin`
Patryk
Last edited by fazi; 06-29-2009 at 09:43 AM..
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06-29-2009, 09:44 AM
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Join Date: Apr 2008
Posts: 1,227
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Quote:
Originally Posted by fazi
Hello everyone,
I don`t have much experience with ichimoku and I see some of You use it in your anlysys.
I have a following question - do You use ichimoku on weekly charts? If the answer is yes - should it have priority to daily ichimoku readings?
The question has risen because on dailies yen crosses sit on a cloud support, but on the other hand - weekly charts show a cloud resistance resulting with last week bearish action. In fact, only audjpy has managed to touch upper band of a cloud and was forced back down - all the others were pushed lower by a lower band of the cloud.
Thanks in advance
BTW - weekly ichimoku resistance seems to go inline with Cmellon`s delta analysys - cheers C - I see you`re online
Patryk |
here you can find some of the best cloud analysis and get straight answers
Peaches`s trading log - Page 13 - Forex Factory
__________________
Don't Chase the market let the market come to you
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06-29-2009, 09:47 AM
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Posts: 617
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Quote:
Originally Posted by CodyB
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many thanks Cody,
Patryk |
06-29-2009, 09:59 AM
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humm
it hanging again
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06-29-2009, 11:49 PM
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jun 29 ,09
Despite the grueling downward trend the JPY experienced last week against its currency counterparts, the Yen now appears to be flattening out. The only currency which seems to have bested the Yen in today's early morning hours is the USD which has climbed from 95.15 to the 95.50 level, with the possibility of reaching 95.80 in the coming hours.
95.915 Still Going.,.,
And People You'll Have See That Making of some Of a Up and Down Trend, 95.9 to 95.30 ,as soon you can Make Around Good Pips in this Currency Pair , And The Awesome osi also As in Red So if You count the 5 Point Of ''AO'' So It is Good Point to Enter and gain So good and Easy Pips....
Regards Vincy Balboa....
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06-30-2009, 07:53 AM
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Join Date: Jun 2009
Posts: 20
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Quote:
Originally Posted by Tigger
Well, get yourself a real money account, and lose some dosh. Once you've done that, try and trade it back. That's about as helpful as we all can be.
Excuse me for being so flippant, but unless you have tried it in real-life, you don't have a clue........
Once you've done that, you are an envious person indeed, and should then be able to remark to yourself that all you do is right, and therefore you will be profitable. Me, I just found out the hard way. Am profitable, sometimes.....until I get carried away trading Geppy |
Hi tigger, good to know your views. testing, examining is very important before you make it live. |
07-02-2009, 12:11 AM
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Posts: 146
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POSITIONS
Quote:
Originally Posted by cmellon
I am looking at below 94 by mid July (the MTD 7 low).
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What open positions are you holding in this pair at the moment CMELLON? |
07-02-2009, 12:48 AM
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Posts: 1,495
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Quote:
Originally Posted by Krismitt
What open positions are you holding in this pair at the moment CMELLON?
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Hi Krismitt,
At the moment short 97 (from early June), Stop Loss 98.86.
Attached is Delta Chart in ITD time frame and MTD time frame for what could possibly happen.
I am waiting for confirmation on ITD 9 high, which may or may not have been reached at 97 yesterday.
I plan to take 100 pips profit for partial position, and then move the remaining position stop loss to 1 pip above ITD 9 high. Target is below 94. |
07-02-2009, 01:01 AM
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Posts: 146
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Thanks
Quote:
Originally Posted by cmellon
Hi Krismitt,
At the moment short 97 (from early June), Stop Loss 98.86.
Attached is Delta Chart in ITD time frame and MTD time frame for what could possibly happen.
I am waiting for confirmation on ITD 9 high, which may or may not have been reached at 97 yesterday.
I plan to take 100 pips profit for partial position, and then move the remaining position stop loss to 1 pip above ITD 9 high. Target is below 94.
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Thank you very much CMELLON |
07-02-2009, 02:03 AM
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Join Date: May 2009
Posts: 1,027
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Quote:
Originally Posted by cmellon
Hi Krismitt,
At the moment short 97 (from early June), Stop Loss 98.86.
Attached is Delta Chart in ITD time frame and MTD time frame for what could possibly happen.
I am waiting for confirmation on ITD 9 high, which may or may not have been reached at 97 yesterday.
I plan to take 100 pips profit for partial position, and then move the remaining position stop loss to 1 pip above ITD 9 high. Target is below 94.
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Okay ..
So Nice.. umm
Wonderful So Cmellon You are a Delta Counter That so Nice, I have 2,3 Friend They also Use The Delta.
And your Right That may be the Down turn Of Usd/Jpy, So and So Gbp/Jpy.
I wont Say You are wrong Coz I do Believe The Delta Works Very well , As a Know a Guy Del.
So It can be your 10 blue Signal Of 7 Below Red. Little not Agree of becoz Just See What the Trend is Going I don’t think So it Will Below Of 94.
May be it follow the Trend of 97.31 To 95.34 Or It touch That Support Of 94.12.
Daily
And here is the Weekly Chart too ,
But I will Ask To my Friend what his Delta says then I will Give His Opinion..
Regards VINCY BALBOA
Last edited by VINCY BALBOA; 07-03-2009 at 04:22 AM..
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07-05-2009, 04:00 PM
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usdjpy H4
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07-06-2009, 01:38 AM
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Join Date: Jan 2009
Posts: 47
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Quote:
Originally Posted by cmellon
Hi Krismitt,
At the moment short 97 (from early June), Stop Loss 98.86.
Attached is Delta Chart in ITD time frame and MTD time frame for what could possibly happen.
I am waiting for confirmation on ITD 9 high, which may or may not have been reached at 97 yesterday.
I plan to take 100 pips profit for partial position, and then move the remaining position stop loss to 1 pip above ITD 9 high. Target is below 94.
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Fundys tell me to get out. Going up-not down. My advice: Follow Cmellon
:-)
Mike |
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