Inner Circle Trader's Pro Traders Club 2012 - 2013 Series

LOL She is fake tanning before running down the road naked in my place!!! :stuck_out_tongue:

[quote] [quote] [quote]
Originally Posted by IyaJenkei
Ok Iā€™ll tell you what guys from now on! Limit orders only. And only one per day. Hit or miss. No canceling no reneging no changing. No second guessing. I screw myself every time.

Originally Posted by Esser
You are rightā€¦ Itā€™s absolutly horrible to close a position because of doubt, only to have it go your way an hour later! When you are in a trade, I find it so easy to get scared by the first little retracement, or if price doesnā€™t immediately go your way, and then you start second guessing yourself A LOT!
Thatā€™s my experience anywayā€¦ Itā€™s really my main problem at the moment. Take this week for example. Itā€™s been such a strong trending week, and Iā€™ve opened a long position almost every day, but my best trade this week was 46 pips, with 1/3 of my original position size!
Forex trading is REALLY frustrating at times!!
[/quote]

Originally Posted by BigInTheCity
When will I ever learn and stop trying to pick tops and bottoms of the markets always against the trend?!?!?!?!

P.S. If we spike up to 1.3650, that is definitely the top LOL
[/quote]

Originally Posted by Esser
Isnā€™t that where the OTE pattern will help? Letting the top form, and then waiting for price to start retracing back into that optimal trade entry, making for a much lower risk trade!
[/quote]

Totally agree with all of you and with all of your comments. Each of you have described at least part of my experience prior to arriving here.

Since becoming a baby pipster it now feels like a lot of the second guessing has been taken out of the equation, scales are falling from my eyes every day with vision becoming clearer each time they are cast across a chart. Further, the tools have been laid out on the table. Each one for its special purpose so that the angst and pain can either be eliminated or reduced.

Now its up to us to use them appropriately like a surgeon uses their tools to heal.

The sweetest one of all?

Has to be the BE philosophy.


[B]Ode to the Pips.[/B]

Come hell or high water
Be that as it may
The future is yet to be written

May the second guessing,
be a thing of the past.
May the charts be clear now.
No longer stradding,
muddy waters of confusion.
May the power of the pips be with us,
EACH AND EVERYONE
:57:

I have the same problem =( We all see the clearly established uptrend and I keep thinking "naw thats to obvious its gotta go down today "

I think we all know that feeling! :smiley: This is where, for me personally, the higher timeframe charts help out!
When you look at price on a 1H and below, it seems like price has gone up forever, and surely this MUST be the top!
If you zoom out however, and look at the daily and weekly charts, you will often see that price could easily go several hundred pips up, and still not be at any significant high :slight_smile:

Now youā€™re getting it!

Look at the run from 2001 -> 2008 on the Weekly chart. How many pips is that? :smiley:

Not sure Iā€™d be comfortable position trading for 7 years though LOL

Haha, exactly! I get it to around 7600 pips! But after 2004 you would have had to sit through a 2000 pip retracement! :smiley: That wouldnā€™t have been very fun! :wink:

But when you look at the weekly timeframe now, it becomes a lot more clear just how much the Fiber could actually move before reaching a long term high!
Iā€™m of course not saying that it will get that high, but it puts the ā€œhugeā€ moves on the 15M charts in to perspective! :slight_smile:

everyone else thinks the same tho lol

Just an ote to get long

It could possibly be a nice OTE around the 1.3590 level. Itā€™s under Asiaā€™s low, and hopefully we would see some divergence at that level too.
I just donā€™t like that stupid NFP coming up! :33:

I love the "Hidden OTE"
I pulled it from the Big figure:33:

If I had a more profitable week, Id have probably taken that Long @ 1.3615ā€¦ but with limited risk, 0.5%. Didnt make enough this week to justify it. Preservation and all that :wink:

well, Iā€™ve had quite a good week :smiley: a little over 10% :21:

Wow! Thatā€™s for sure a very good week! But I guess thatā€™s what happens when you donā€™t close all your positions at break even! :smiley:

I took it at 3614, have taken majority off to bank 1% and left the rest on at BE so if it reverses not an issue.

And first profit taken! Iā€™m really starting to own them :smiley:

Nice! Shes moving now!

Yeah, Iā€™ll be happy at 1.5% and then Iā€™ll close as weā€™re near the current ADR and may as well try and keep it after giving everything back last month, nice to see it green again. Also NFP will slow things down I think now till this afternoon.

how stupid of meā€¦thought cable would go below todayā€™s asia low or maybe just a pip or twoā€¦got stoppedā€¦entered again after it raided the stops from yesterdayā€™s eveningā€¦anyone with me?

Excellent work, its great to see profits such as those. Now hold on to them :slight_smile:

Iā€™ll go and have a nap now, got my TP and SL set, good luck guys, im sure you wont need it though :57: