The Road To Profitability

This is a discussion on The Road To Profitability within the Trading Journals forums, part of the Reception category; Please tell me if it was a coincidence that price reacted to my exit level? Those of you who have ...

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Old Sep 29, 2011, 7:46pm   #61
Joined Aug 2009
Coincidence?

Shuanl0ol started this thread Please tell me if it was a coincidence that price reacted to my exit level? Those of you who have access to the chart, scroll out and look at the bigger picture.
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Old Oct 4, 2011, 12:57am   #62
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Exercises

Shuanl0ol started this thread September was good in terms of profits, didn't have a single loosing trade which means that I'm becoming more and more picky. Since july I have been practicing this by:

1) Staying home from school (on fridays mostly) just to watch the lower timeframes. This, beacuse I wanted to expose myself to the urge to take a trade on the lower timeframes. This exercise is really healthy for all of us who havent learned to control ourselves yet.

2) I've been calling friends and gathering them for "casino nights". I haven't gambled away a single SEK (that's the exercise, go to the casino watch other people gamble). I've done this beacuse it is really helpful to realize it's not about making money all the time. It's about making money when the optimal opportunity is given. Is it optimal to make money at a casino? F-u-c-k no. Still one easily gets tempted to hit the tables, especially when you see your friends cashing in their profits.

What's most interesting is the feeling entering your body and mind when you see others winning. Something in your mind is telling you (again) HIT THE TABLES FFS! If you are dedicated with the exercise you will just laugh at the idea and move on.

These exercises are not "invented" by me. I read this somewhere about a year ago, realized they were healthy a few months back though lol.

Cheers
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Old Oct 4, 2011, 12:58am   #63
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EURGBP - Interesting level

Shuanl0ol started this thread I'm looking for bearish price action around marked level.
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Old Oct 4, 2011, 11:11pm   #64
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Gbpaud

Shuanl0ol started this thread Got my sell order placed for this setup with a target at the round number (give or take a few) 1.6000
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Old Oct 5, 2011, 12:01am   #65
 
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Re: The Road To Profitability

Nice looking pin on USD/CAD tonight as well
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Old Oct 5, 2011, 7:32pm   #66
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Re: The Road To Profitability

Shuanl0ol started this thread
Quote:
Originally Posted by pb8856 View Post
Nice looking pin on USD/CAD tonight as well
Agree, didn't manage to close below 1.0500 though so I chose to pass that one. But that one sure has some nice space to move in.
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Old Oct 5, 2011, 8:41pm   #67
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#Winner

Shuanl0ol started this thread Closed my trade for a profit at my target (1.6000)
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Old Oct 10, 2011, 10:31pm   #68
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Eursek

Shuanl0ol started this thread I'm short EURSEK since this morning. It's quite a choppy market with a ranging rectangle. But seems to me that momentum is gathering (which was seen today after some fair pushes by buyers). Price managed to get through the 50% level of the rectangle, believe we have an fair chance to trading into ~ 9.0000

cheers
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Old Oct 12, 2011, 11:17pm   #69
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Update

Shuanl0ol started this thread I'm still in this one, it is currently on the negative side. SEK have been gaining lots of ground on all currencies except this one. The euro longs haven't found their way to the swedish bond market yet huh.....
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Old Oct 12, 2011, 11:23pm   #70
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Re: The Road To Profitability

Shuanl0ol started this thread Anyways, i've placed two new orders.

Long USDJPY from 77.55 SL at 76.300
Short EURNZD from 1.7245 SL at 1.75475

2% risked on each of these. Don't have time to post chart, gotta go to bed. I'll do it tomorrow if time allows.

Gnight
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