I am sure everyone goes through this kind of situations. It is a fact of life….Sometimes, doing a few steps back to get a better picture of what you got going can help. You can’t see it when you are too close to it or if your mind is not where it should be and it does affect your performance even in trading.
Speaking of taking a break…Don’t be surprise if you won’t see my fabulous pic/name in the next few days…I am stepping a way for now in BP site to take care of a few things…It is really addictive to be here posting, reading, lurking, trolling (lol). I need to put a hard stop for now because I can’t manage to do that knowing if my account is still active…lol…Though, I will still do my regular trades and studying but just not going to the site…
I will be back for sure and hopefully I have more to contribute by then…
There are some great comments and suggestions which I appreciate. Despite it being the midst of the crazy time at work, wife daughter and I are on our way home from Newport RI, where we spent the weekend celebrating our tenth wedding anniversary. My wife went to college in RI, so Newport is a special place we were psyched to show our daughter.
I am very pleased with the direction my bias analysis has taken, and am confident things will get better soon. I think taking time away would just be taking a step back, and I love trading, so time away is not in the plan right now Looking back at the last six weeks of this thread I feel pleased by what’s gone well, and challenged and excited by the prospect of fixing what has not. I plan to trade professionally in the fairly near future, so I’m anxious to fix what I need to.
Around the time I started this thread I’d felt frustrated that BP had become such a polarized place. I definitely contributed to that at times. This thread is open to all regardless of trading style. I appreciate and have found value in all the comments I’ve read. I like the critique I’ve received, and feel that I owe anyone reading this thread better quality analysis which I will strive for once quarter-end is finished at work. Good holidays to all who are celebrating. 2X2Y. Brian
Still busy at work for another week. I took a fairly bad loss in the Fiber yesterday and another bad loss in USD/CAD today. Luckily these were offset by a very nice win in Fiber today. Account balance is at $5,130.29. I will be adding longer term trading to my approach as well as what I’ve been doing.
Things should start slowing down at work over the next couple of days… finally. I set up a short in Fiber around 1.3086. Looking for around 40-80 pips. We’ll see. Looking forward to getting back in to trading.
I had hoped to be a regular contributor to your thread with trade ideas based on the AUD/XXX pairs or XXX/AUD pairs.
Sadly, I have been out of the loop for a few weeks due to circumstances that made me feel that I could not contribute in a positive way.
Unfortunately, the lady who took me into her house passed away a few weeks ago. She had become a friend and a positive influence in my life in many ways. Consequently, due to her passing away, I felt that I was not able to give any truly objective views on the above mentioned pairs. Tentatively I am going to ease myself back into the saddle although this may prove to be intermittent until my accommodation situation has been resolved.
How have you got on with the historical data I sent to you?
Have you made any progress with your studies and gained any insights?
Just a quick and very dirty review of my last post and where we are now.
Originally thought the AUD/JPY pair would hit the 100.400 mark before turning into an ABC correction on the monthly level.
This point has been passed and is now heading up to the 106.700-.800 mark. This is a critical role reversal point that was established between June and Nov 2007. The 109.900 point in June 2007 marks the highest this currency pair has ever reached historically.
Questioning if the high of 109.900 will be broken this time around with wave 5?
Alternatively the scenario I have marked out will be the true outcome prior to breaking this historical high?
Wave 5 will truncate and fall short of the 109.900 mark?
Hi Spuzz. I was very sorry to read about your loss. My heart and warm wishes go out to you.
My job gets very busy every few months and it lasts for a few weeks. This past quarter-end I felt especially tired afterward, and my first priority is my family as I have a young child. I have been following the fx markets and not much has changed. I am carrying a small loss in my account at the moment. It’s very frustrating becuase I have many opinions (a very good majority I’d say) that are right about the direction the fx market will move in, but I get a little tied up when I try to convert those ideas into successful trades. Last week I had a great feel for the Euro but did not trade, as I was trying to get back to some basics (thanks to something Aaron pointed me towards regarding isolating the Asian range.) This past weekend I noticed that there was a very bullish weekly candle set up in the Cable, combined with what appears to be the formation of AB=CD. So Monday night I set up a long trade that was only slightly profitable when I woke up on Tuesday, so I cancelled it. Naturally, the price then shot up. Last night I was again very bullish on Cable for today, but price did not retrace far enough for my order to activate, but it shot up. When I look back at a 15 minute chart, I usually can see places for entry, but they occur at 3-5 am, and I’m barely awake as it is, much less if I only slept for an hour or two.
I love to trade and I love studying charts / market analysis. I’m too stubborn and perhaps too dumb to quit. Like in baseball, I know I’m making outs, but I feel like I’m hitting the ball hard… It will come.
I say it again, 10K by mid Feb 2015. Btw, Dallas renewed for season 3 on TNT!!!
Glad to see you still plugging in…Yes, you still have a lot of time in your side. When you start accumulating pips say10-20 here and there you will get there…
One the bright side, I made a couple of dollars this week. On the bad side I literally made a couple of dollars, as in don’t order appetizers with dinner.
Yet again, I did look at the weekly Cable chart over the last weekend, and it was obvious that the Cable was going to have a bullish week, I mean really obvious. Had I taken a long term view towards trading… Had my grandmother been a man, and she’d have been my grandfather… This should be so much easier than I’m making it… I really don’t mind being wrong, I just hate not making money when I’m right…
Denying that Fibonacci ratios are widely used to manipulated the prices of various currencies is like denying the earth is round. Draw a fib on a weekly chart for the cable from the last high to the low…
Feeling any better? lol… On the bright side, you still have your capital to trade. There will be more opportunities ahead.
We are just in the beginning of the month!
Why are you asking me this question? I thought you are already a professional trader? No, I am just a humble newbie and don’t have any clue what you’ve just draw.
Okay, you have your fun and I have my fun on the other thread. I am asking you to please do not trash my friend’s thread. No need for this.
If you really want to prove your point and get more attention that you seek, open up a thread exclusively for your Weekly Pivot strategy. If it works for you, great but I am not interested….just let it go dude… just let it go…
Its in your nature, so stop trashing everyone and let people learn. If your trying to stop me from sharing some really good stuff for free as I was going to before you turned it into total trashon a thread other then this one. You have no right to at the expense of experienced and Super Elite traders and traders under develpoment. You have recieved plenty of back down messages from pro traders and developing ones however this is not about ego. I care about developing traders so please stop trashing everything and let people get some benefits before I move on.
Sir, I told you if you want to prove your point about your weekly pivot point strategy, feel free to open up a thread and discuss it there. It’s a free country and a free website. Everyone has the right what they want to say whether you agree with it or disagree. You have not shared anything value of your trades besides on your copy and paste “chatting” with your “Super Duper (can’t resist) Elite Traders”.
I know it is all about your Ego and I have non of it so it doesn’t really bother me and I am not here to feed your ego. Otherwise, you need some serious help…
I was looking at a couple of the charts really quickly on your thread, and appreciate any ideas you want to share. Speaking for myself, the chart is a lot for my eyes and brain to take in. I sort of get what you’re getting at a little, but would appreciate any explanations you could provide.
Generally I like the way I determine bias, but I accept the title ‘failing trader’ until I prove I’m not one. I try to be honest on this thread, and frankly failure does not bother me at all. I know beyond any doubt that I have what it takes to be a good (consistent and proftiable) trader, and also realize that was is hurting my trading the most right now is me. I invite you to discuss your methods, as I am happy to learn.
Thank you P&R. I’m always happy (and suprised) when someone refers to me as a friend.
Your welcome. I help a lot of traders and I was trying to kick of some stuff before I go to Thailand, If you look closely at the chart, sorry for its poor quality, you will see that both the moves kicked of from those pink lines. And at the end of the major moves the resting place for the currency was again on a pink line. So in summary if the pink line is point A and the resting place for the currency on another Pink line at the end of the day, lets call it X, And all the swings being from a pink line to another as origin and profit target. Then something is really fishy as tradng is meant to be difficult.
So if we sell A and buy B and finsh at X. It cant be difficult really then right. I assure you its not difficult at all, the problem is when we are learning we get mixed up with details. Those details end up making you micro manage trading. And that produces Micro results.
I will go into the pink lines in detail but I afraid to be hounded. But you need help I want to help you, thats who I am. Cant be dented, seen the best fall and the weakest rise above them.
Oh the thread I posted before is just really about moving averages…nothing special there. I only take note of SMA’s but its not how I trade 90% of the time. I switch styles to stop myself from getting bored. I may do a thread on my favorite methods, But I will do a course for you to get you profitable in within 2 weeks, . no worries its free bro…
Your Welcome.
It’s very unfortunate that there are some people who doesn’t know how to respect women.
He doesn’t even know if he was talking to man or a woman let alone having a better understanding about his trading strategy. I would be really really skeptic about it.
Its your right to be, but let people learn its free…I think I did say, check your charts then you would have said oh yes wow thats right, and moved on with your own studies but you chose not to , but just hound and hound, you get what you give, and let me help your friend stop taking my time from them…details details…Ok its a bizzy trading weak ahead so If you want to ponder carry on, anyone needs some help then Just IM, I will not reply here anymore. EJ we are determining if to long from 129587 to target 13018. Or to short on London 129587 129 166 T1 then 128 948 T2 . Ok no more time wasiting have bills to pay, if you need some help then IM. The SMA thread is Naff, like I said its just SMA’s.
