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- Fadetobla replied Jun 7, 2008
zoopy, Interestingly, I was reading that one too. The message is clear: NO ONE KNOWS where the market is going to be in 10 sec, leave alone 10 mins. Cheers, Fade
- Fadetobla replied Jun 7, 2008
Wave breaks... — Hi zoopy, Thank you very much for your feedback. Before riding this rally from 1.5393 to 1.5769 (I am still in LONG), like you, I was facing a serious decision: especially after Bernanke's the H4 trend was (and is still) ...
- Fadetobla replied Jun 7, 2008
Hi zoopy and Barak, Great to see two turtles in one thread. I have managed to capture the EURUSD rally from the very beginning. I think the reason why you didn't catch the move zoopy lies in the fact that you didn't stick to your plan. Hope you ...
- Fadetobla replied Jun 4, 2008
News... I usually don't give toss about news but Federal Reserve's statement about its intentions not to further cut rates resulted in the following disaster. June 04, 2008 (live trading started on May 19, 2008): I have done many trades and its very ...
- Fadetobla replied Jun 3, 2008
How did you see or spot it?
- Fadetobla replied Jun 3, 2008
damn, what happened with USD? its rocketing...
- Fadetobla replied Jun 2, 2008
News... — ISM Manufacturing Index reading for USD came out quite positive. So I expected EURUSD to go down but it still didn't penetrate the 1.5500. Its confusing, sometimes news have a big effect and sometimes not (although ISM Manufacturing ...
- Fadetobla replied Jun 2, 2008
Hmmm, I just closed my EURUSD with -4 pips because "ISM Manufacturing Index" came out positively backing USD. I don't know but let's see what happens, I guess the EURUSD will drop down like stone in few seconds....
- Fadetobla replied Jun 2, 2008
Ok, update on today's trades. While EURUSD is still on the run (I am fully aware that I bought a weakness), I closed out open positions in USDJPY and GBP because they round numbered support. Since this trades helped me to come back out of my ...
- Fadetobla replied Jun 2, 2008
zoopy, I trust my method. Also I do not overleverage. Still when I experience a drawdown of 5% I feel upset. I don't know how to overcome this.
- Fadetobla replied Jun 2, 2008
Now to GBPUSD trades. One thing is for sure, by documenting and reviewing my trades in this way, I have realized that there are certain common failures I repeat all the time, hence I will post just 6 trades will continue later on when I will have ...
- Fadetobla replied Jun 2, 2008
June 02, 2008 (live trading started on May 19, 2008): Ok the trades went well and I am now back again at break-even. Had to come back out of almost 10% drawdown. Let's continue with the trades I've taken so far, today I have finished also ...
- Fadetobla replied Jun 2, 2008
EURUSD at 1.5500 now — By now it has already reached 1.5500 now, I was stupid to buy a weakness... If it breaks through the 1.5500 support, then I will stop my LONG position. Cheers, Fadetobla
- Fadetobla replied Jun 2, 2008
FEAR — Ok trades are doing fine and my pending P/L shows that I am back at break-even after this horrible drawdown of 5%. But FEAR won't let go off me, its telling me to close my positions. I have to mention here that while live-trading, I've ...
- Fadetobla replied Jun 2, 2008
News lessons learned... — June 02, 2008 (live trading started on May 19, 2008): Compared to demo-trading, besides monitoring the trades to closely I have also realized that I am actually afraid of taking trades! I think this state of paralysis ...
- Fadetobla replied Jun 1, 2008
Hi there, There is an ultimate indicator - price! Just stick to it and leave the rest alone mate. Cheers, Fadetobla
- Fadetobla replied Jun 1, 2008
Yes, sounds quite reasonable. I didn't think of the news! Oh how I hate these news! All my learnings towards FX trading were basically focused on EURUSD and GBPUSD. It its very difficult for me to choose between them. I love EURUSD because it trends ...
- Fadetobla replied Jun 1, 2008
Ok I think the images are clear. I think its all about simplicity. A member of FF, can't recall his name but his avatar had a fox on it, he's favorite motto is "Simplicity is the highest form of sophistication", so I will stick to that. That is why ...
- Fadetobla replied Jun 1, 2008
Zoopy, Thanks for taking the time and effort to put these pairs together. I am thinking that although these currencies are correlated to a certain degree, yet these correlations will only affect our trades if we'd trade those big waves at weekly or ...
- Fadetobla replied May 31, 2008
Thanks Zoopy — Hi Zoopy, Thanks for your feedback, really appreciated. You are totally right, I must give this thought a serious consideration. I just don't know yet which other pairs I should include in my portfolio. One thing is for sure, I ...