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Obsidian

Market Wizard
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Everything posted by Obsidian

  1. Obsidian
    applying what you have learned (i.e. the strategy you plan to use) in real time would help you master your plan, you wont be thinking for hours if you should click the button or not. analyze your trades, what pairs are more profitable for you or suits your trading style (you may not use the same strategy on different pairs because they have their own characteristics), what went wrong and your sl was taken, how did prices move after you entered the trade etc... most of beginners biggest weakness is being human. by being human, I am not talking about discipline. I am talking about following the simplest rules. Reading tons of pages cant make you a trader. you should be able to use what you learned...
  2. Obsidian
    China Consumer Price Index
  3. Obsidian
    alright, please keep us updated if you do
  4. Obsidian
    imagine yourself carrying 5 positions and things turned against you... if you are opening 2-3 positions/day, then you take huge risks... lets say you have 2 winners and 1 loser everyday, 2% each trade...that means 2% everyday! never met a trader who can do that however if you are opening 2-3 positions/month, then 2% would make sense...in my opinion of course
  5. Obsidian
    If it is a profitable day, I do not think about it. I spend rest of my time with wife and son. After they sleep, I check-update-mark charts to find new setups If it is not a profitable day, I do not think about it. I spend rest of my time with wife and son. After they sleep, I check-update-mark charts to find new setups
  6. Obsidian
    Australia Employment ...........
  7. Obsidian
    Summary of open orders and positions:
  8. Obsidian

    AudUSd

    Obsidian replied to Aussie3228's topic in Forex

    interesting article: Is RBA printing money to weaken dollar?
  9. Obsidian

    Chart of the Day

    Obsidian replied to Mysticforex's topic in Forex

    eur (tiny) rally did not last long...break below 1.2750 means 1.2650 is the next stop.
  10. Obsidian
    Ingot is busy counting today's profits I guess
  11. Obsidian
    a big loss is of course hard to forget BUT it is a precious knowledge that you will never ever forget. on the other hand, changing your system just because of a single bad trade might be worse. you shouldn't be risking too much.
  12. Obsidian
    I liked the title did you read it?
  13. Obsidian
    Hi SmartStocks...welcome to TL!
  14. Obsidian
    close above 1727 will send gold higher...reversal on weekly as well go Obama go..I mean gold
  15. Obsidian
    ............................................
  16. Obsidian
    when some people new electronic devices they read the manual before using it...some just open the package and try to figure out on their own... when I started trading, I had no idea about fundamentals and technical stuff...I would pick random stuff. I would buy stocks without any valid reason and hope they will skyrocket the next day. Some time later (after losing half of my investment) I noticed how stupid (or brave) I was because I was in a battle which I can not win. then I started learning...I would read for hours at night, check the internet, find more sources...I have no idea how many weeks-months I spent using metastock...but at the end I learned how to survive and hunt...
  17. Obsidian
    Barack Obama re-elected as president of the United States after reaching 275 electoral college votes. sell USD! :rofl:
  18. Obsidian
    Ivey PMI (Canada) ..........
  19. Obsidian
    Summary of open orders and positions:
  20. Obsidian
    hmm all 3 votes are bearish today the market is focused on the U.S. election, but would the outcome make huge difference on eur/usd?
  21. Obsidian
    by the way, when will we be hearing about the result? any good online source to follow?
  22. Obsidian
    During early years of my trading journey I would pay too much attention to the news, reports, analyses from so called experts. Since I was not into very short term trades, I thought I have somehow follow fundamental stuff. But that made me more confused because people have different point of view and even opposite ideas sound logical at the same time. I would change the direction of my position after I read something more logical. Of course some time later, got my lessons: -Markets can be wrong but I have to follow the trend to make money. if the market says it is "black" for instance, then black it is...even if it is "white" -Only trade what is triggered by your system.
  23. Obsidian
    and don't add/subtract funds during the contest
  24. Obsidian
    so who wins is important..since they got different puppet masters, they will do different things
  25. Obsidian
    we may see gold testing 1699 this week...
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