We are still waiting to hit 1.102. Then we will think what to do. Mind well, I am not giving you an investment advice. I just share some ideas I am dealing with during my trading session. And I hope you have good fun with me! Mind well, speculation is very risky venture. Always follow your own intuition, and always take responsibility for your own ideas, risks and mistakes ;-)
*Disclaimer: I am sharing just some of my trading views and techniques that evolve with the progress in time, while using some conventional charting tools. I am not on that site to give advice to anyone. If you have fun with following my charts, you are very welcome. If you don't like my ideas, then you may simply ignore my shared work. We are on a social media. I make use of that media in order to improve my knowledge of the market, and my knowledge of the traders' techniques, insights, ideas, knowledge, innovations, expectations, and mistakes. In return to this, I also share some alternative ideas of conventional technical analysis that really has fed me up in the past years. I look forward to find out new approaches for analysis of the market development and to improve my individual performance on Forex. Forex is not just about your technical analysis mastery, Forex is about your psychic preparedness to face risk and control your appetite! Cheers to everybody. Thank you! And wishing you a very successful and profitable trading session!
All the Best and Best in All
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Still waiting for 1.102. But taken into consideration that we've just tested the red line support level, I feel like pushing my target for the next upward move a little bit higher. Now, if we really go up, my bets for 1.102 seem not so much challenging, but more like something normal :-) And we are not here for normal returns. Of course, if we break-down the red support line, then my strategy will result in some losses. But, as I say, No GAME, NO PAIN ;-P
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We are trying out x.618 level. Still there're chances to go up.
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Anyway, I must admit that I should've closed my long position at 1.101, and I would've been now about to close a short position and maybe issue a new long position for the trade ahead. My decision to stay cool and wait for 1.104 have locked me up over here, and I have not a big choice, I've around 75% margin level, and choose to wait until the fx rate hits 1.104, or accept loss.
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We are still fighting with a little bit bitchy market in the last two hours, partly because of my private appetite to enhance the result of one of my open positions, that has locked me up, and now I am just a passive spectator of the market now. Sometimes it is good to stop fora while, and let things happen. Unexpectedly the market may bounce once again and reward your patience. Still, I remain positive for the upward intentions of the market ;-) And keep my trading active, no matter of red lamps shining on my monitor ;-D
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Still waiting my second chance with that fx rate! Forex would always give you another chance, especially when you have enough margin to comply with the implied arithmetic of your own trades, and enough patience to wait for some time :-) Hurried actions over here don't save your money, they turn to be costly and make you feel lost between nervous bulls and bears ;-) Cheers
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Phew, guys, ladies and gentlement, my forehead is sweating with cold nervous sweat. What should I do, when that thingie is going further down?? Take the loss? Oh, no. Well, I have a basket of long and short positions. I would tell you a secret. I would wait for some more time, and if the market goes below 1.095, I would simply accept the loss for that long position. Nevertheless, I will then automatically jump to the short position that has been opened some time before the long one. And if the market move is strong enough downwards, I would try to COVER UP my losing long position with the short one. Then, when profit/loss=1, I would close down the short position, and would immediately transcend to another long position opened somewhere around 1.102... I would hope I would be lucky with my longer-term perspective for the UPWARD TREND in EURUSD, because I would result on the positive side, no matter of possible mistake that still remains with the status "Trade active". There is always a second chance, especially if we try to find it with cold brains and wise hearts ;-) Enjoy
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We are moving up. Well, then, we are going to Scenario 1. No need to turn on my escape-loss plan ;-)
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The fx market constantly moves from one state to another. From clarity to obscurity. From momentary certainty, when we touch support and resistance levels, to relative uncertainty between our personal and collective psychic coordinate systems. And it does that continuously, at every different time-dynamics, no matter whether we prefer to trade 5M, 15M, 30M, or we would enjoy trading following up our 1H, 4H or 1D market watches ;-) Enjoy life, and never feel afraid to solve confusing challenges! Cheers
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If you want to survive on Forex you try to avoid mistakes. Nevertheless, perfect trade without any mistakes is something impossible in the longer term. Don't feel afraid of mistakes in your trading session. When some trading position starts ringing the red alert on your monitor, try to think of some escape-plan. Mistakes aren't something really so bad, mistakes - like mathematical problems - just challenge your brains to find a practical solution. If you solve your homework fx problems well, you would definitely get the reward ;-) Thanks for following me up, and thank you for your challenging remarks. They help me figure some things out ;-)
评论
sherev89
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"still fighting with a little bit bitchy market" - liked that))) Also still positive about rebounce.
x381966011250105
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:-) Thanks. What I didn't write is that we can always stay safe with an old bitch, when we already know some of her own make-up tricks ;-) Anyway, we can never stay totally dry over here. I consider my failures, that I must pay from my own balance, like commission fees for being taught new lessons. Only like that we may really maximise our experience! Take care and stay in touch.
sherev89
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Totally agree with you, no lessons can be learned w/o paying for that. "The only source of knowledge is experience." And the only source of experience - our faults. But talking about faults - not this time though))) Take care too!)
x381966011250105
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Exactly. If we realise that true and complete knowledge is impossible, and we are dealing with different scenarios of market uncertainty, then the experience everyone of us may gain is the only real award that may help us survive the heuristics of that financial conundrum super matrix. We pay for that experience with our positive and negative results. Here I would say that we gain more experience with our negative results than with our positive ones, since enthusiasm is rarely a good adviser. The more experience we gain, the more we become able to play with the philosopher's stone that always would turn the half-empty glass - half-full, or end in positive balances between negative and positive results. If negative results make our game simple (because we lose capital and would have fewer options in future times, then would deal with less options), positive results make the game more complicated ;-) If we are longer on forex, then we may realise that the hard times start after we make our first gains. Anyway, I wish you and everyone following my postings very complicated future conundrums with very big money profits! Cheers!