Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

wasp

Live FX Trades

Recommended Posts

I have no stop. I'm just going short for the fun of it. Given up! Its all or nothing with this trade... Full leverage. I want 100 pips giving me 100k or I blow the whole account.

 

Sounds a whole lot like things I did in the past :crap: :angry:

Problem is I still show tendencies like that after a couple of losing trades. :helloooo:

Share this post


Link to post
Share on other sites
Sounds a whole lot like things I did in the past :crap: :angry:

Problem is I still show tendencies like that after a couple of losing trades. :helloooo:

 

:rofl:

 

Crap! I was looking forward to :boxing: some sense into you!

;)

 

 

Tempting as it is sometimes, I did it earlier this year and regret it every day since. Never again.

Share this post


Link to post
Share on other sites
I have no stop. I'm just going short for the fun of it. Given up! Its all or nothing with this trade... Full leverage. I want 100 pips giving me 100k or I blow the whole account.

 

Tempting as it is sometimes, I did it earlier this year and regret it every day since. Never again.

 

assuming this isnt a joke, you are showing all the same signs of frustration that I am experiencing.

 

however, if you blow your account, you dont get to play again for a very long time.

 

I would have thought that backing off and assessing oneself was the correct move.

 

good luck with your gamble.

Share this post


Link to post
Share on other sites
assuming this isnt a joke, you are showing all the same signs of frustration that I am experiencing.

 

however, if you blow your account, you dont get to play again for a very long time.

 

I would have thought that backing off and assessing oneself was the correct move.

 

good luck with your gamble.

 

I'm not doing it Myrtle, just messing. Re-assess is my priority and perfection my goal. I certainly won't be blowing my load! :shocked:

Share this post


Link to post
Share on other sites
I'm not doing it Myrtle, just messing. Re-assess is my priority and perfection my goal. I certainly won't be blowing my load! :shocked:

 

 

Ahhhh... But it FEELS so gooooood to blow your load! :o

 

Sorry... couldn't resist.

Share this post


Link to post
Share on other sites
short GJ @ 204.92

 

Out at b/e and flipped to the long with a new level as progressively updating from prior levels.

 

I will probably post less trades now btw.

Share this post


Link to post
Share on other sites

No problem. I think I can see what you're doing now. I appreciate your help. I would be interested in your pip tallies though, and the levels you switched directions at (if you might be kind enough, when you have the time - even if just pm'd to me).

Share this post


Link to post
Share on other sites

Moved stop to b/e... entry is above resistance (barely), so we'll see if this hourly candle is just a stop hunt (which it probably is given how early in the hour it dropped), or if there is real intent. I'd prefer to cash in down around 203.87.

Share this post


Link to post
Share on other sites
I'll see what I can do but need to concentrate on my trading for a while as things are not going exactly how I would like.

 

I totally understand, Wasp. No problem.

Share this post


Link to post
Share on other sites

Moved stop back a little higher to give this some breathing room. 4-hour formed an inside bar. It may retest the upper-side of this bar before choosing a direction.

Share this post


Link to post
Share on other sites
Classic rules yes, but I don't necessarily agree with all of them...

 

For instance:

"Continually set higher trading goals." :\

 

Otherwise, good link!

 

I only supplied the link to show where i got the one quote from that i was quoting (and endorse), was not endorsing any of the other quotes.

Share this post


Link to post
Share on other sites

How did you do with your short-term strat, Wasp (not looking for pippage)? I started out well, but ended up in an overall loss. I don't handle waking up several times a night very well, but if I just would have reversed, I would have done just fine. Anyway, price on the hourly and subhourly would attack the S/R lines, fall back and then bust through on the next hourly bar (exactly opposite to what I was planning). Ah well. I've switched back to the 4-hour strat for now. Currently long @ 204.87, but uncomfortable with it given the hammer/pin-bar formation that has formed, suggesting a reversal lower. The last 4-hour bar also closed right on my S/R line (to the pip). Can't split lines, so I looked back in time at how these situations worked out, and found a sufficient number of inverted-hammers patterns closing close to support and then going off in the opposite direction to what the candle hinted, to cause me to go long here.

Share this post


Link to post
Share on other sites
How did you do with your short-term strat, Wasp (not looking for pippage)? I started out well, but ended up in an overall loss. I don't handle waking up several times a night very well, but if I just would have reversed, I would have done just fine. Anyway, price on the hourly and subhourly would attack the S/R lines, fall back and then bust through on the next hourly bar (exactly opposite to what I was planning). Ah well. I've switched back to the 4-hour strat for now. Currently long @ 204.87, but uncomfortable with it given the hammer/pin-bar formation that has formed, suggesting a reversal lower. The last 4-hour bar also closed right on my S/R line (to the pip). Can't split lines, so I looked back in time at how these situations worked out, and found a sufficient number of inverted-hammers patterns closing close to support and then going off in the opposite direction to what the candle hinted, to cause me to go long here.

 

It was about breakeven in the end! Think I will stick with the 240m tbh but just need to be extra careful with marking on S/R.

 

The 30m gives more detail but it was my own fault I screwed up wit the drop yesterday and just need to pay more attention really.

 

I know what you mean though, trading is meant to be about freedom, not 1 hour naps and 24/7 screen time!

Share this post


Link to post
Share on other sites
Kids?!? I sold mine for more account funding. :o

 

I know you better than that, Jack! You love your kids! That's why you have them in forced employment. Truth be told, it's their pay-checks that are feeding your funding! :o

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
    • KBH KB Home stock watch, attempting to move higher off the 50.82 support area at https://stockconsultant.com/?KBH    
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.