Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Thank you for your post, are you talking about two contradicting positions or systems. Like if I m taking E/U short and G/U long, are they contradicting. I do consider this aspect. The only thing I like to care is to take the best setup. Trading is all about mind game. Some time bad trading strategies with good mind game (mm and good setup) is making money.
I trade on long term. I tried different strategies short term but due to time constrain now I day trade.
jackjones, learning is continues process, like TQM. If someone says he is done with his system means that his trading future is about to at end. Market is so dynamic, we have to adjust our strategies to accommodate with market changes. I don't rank traders as beginner, intermediate, and advance. I rank traders based on maturity. Some traders get mature within no time some takes years. It is all about how quick you become mature, and maturity is all about mind game. Get the trading styles which suited you get mature with that and make money. Trading is for making money not for losing, and one more thing we can not control market but we can control our discipline and money mgmt.
Get any trading strategies get mature with that and you will see it is for you.
Regards,
SFX
I agree 100%! ... I wish I was able to put it all into words sometimes but yes. The mind games will destroy you (position trading) and I don't mean to sound paranoid either. I think part of it is to over come the fear that you feel when it's not working as you expect. All you can do is adapt and if that means taking a "contradicting position" then I will as not all pairs are 100% correlated and not all pairs will continue to be... e/u g/u long and short though is a bit silly.
My both positions are going good. Right now I m fixing to take E/G position.
Rgds,
SFX
I m liquidating my G/U position. E/G is open now. It is slow pair so I think it will be little bit time taking position. E/Cd is still in too.
Closing at around 290+ pips.
Rgds,
SFX
They are all available in this forum. Just search for them. They are not secrete if you just apply them based on best setup you will see methods are workable.
Still I'd like to help if you have any question.
Regards,
SFX
I'm glad to see someone here talking about trading on a longer time frame than day-trading or even swing trading. One type of position trading I have had a bit of success with is carry trade. Interestingly, both times I have gotten into one, price has gone crazy (in my favor). Now I'm wondering if I should really be looking to carry the trade or if I should just look for a good entry and then capital appreciation.
Incidentally, I seem to be finding myself trading strategies on opposite poles from each other. On the one pole, I have been gravitating more and more towards very small scalp-type trades that take advantage of market volatility. On the other pole, I also like longer term trades that pay me interest or are generally (supposed to be) slow moving.
My E/G was stopped out for 34 pips. -34.
E/Cad is still open at -54, and i open G/U short it is at +20.
later,
SFX
After my stop E/G came back up. However I stick to my method. On the other hand E/C is at -34 (Giving me hard time). I opened two more positions G/U it is at +95 and E/J is at +56. I was not at my place so I couldn't put them on real time (Sorry about that). However, N/U is ready for short but I already opened too much positions so I will just see it.
Rgds,
SFX
After my stop E/G came back up. However I stick to my method. On the other hand E/C is at -34 (Giving me hard time). I opened two more positions G/U it is at +95 and E/J is at +56. I was not at my place so I couldn't put them on real time (Sorry about that). However, N/U is ready for short but I already opened too much positions so I will just see it.
Rgds,
SFX
My E/C stopped out. I was expecting that.The mistake i did was not closing half position when i was more then 100 pips profit. I will do it now on. Other two still going good almost covering the loss i had in it. It was longterm position though.
I will exit now on half of position as soon as i see any reversal and put the other rest on BE.
Rgds,
SFX
Yeap if i get to 100 pips i reasess because sometimes it migh be worth adding. More than likely i remove 1/3 to 1/2 though depending on the look of the chart.
i'm long aud/jpy aud/nzd and eur/aud at the moment, for the record
Yeap if i get to 100 pips i reasess because sometimes it migh be worth adding. More than likely i remove 1/3 to 1/2 though depending on the look of the chart.
i'm long aud/jpy aud/nzd and eur/aud at the moment, for the record
Great,
I think you live in Australia, even I don't have these pairs in my broker pair window.
Are you playing them long term, arethese pairs behave accordingly if we want to play them swing or position trading.
This is my current situation. I m still thinking about my stop loss of E/G i had right convention taking long but i think i took it little early now it is going north.
I'm not much worried about E/C loss becuase i know i did mistake here, I had to release some profit when it is 100+ or any reversal what so ever. I think i m still not much mature to take losses, this is all about mind game. Forget past, forget losses. I will think about future. Past is gone.