View Full Version : Frinks Forex Flock
Hi Frinky,
great to see you recall Jacko's lesson. You see, he is the evidence that there's good and bad at ev'ryone. Do you truly know how long will he have to function? I hope he is not gonna drop the soap. Yikes. Https://www.forexsoutheast.asia/attachments/1526535012.png
Cash, power, girls . . Wows, that is just one authentic tune ... that they want the dub twisting ballers with ice in their own wrist https://www.forexsoutheast.asia/attachments/1526535012.png
Next song on the playlist may be ... Jackson 5 - Sugar Daddy https://www.forexsoutheast.asia/attachments/1526535012.png
He Is in JAIL? What for??
You are not Mr. Breaking News, are you? Forex fraud, what else https://www.forexsoutheast.asia/attachments/1526535012.png https://www.forexsoutheast.asia/attachments/1526535012.png
He's in JAIL? What for??
You're not Mr. Breaking News, are you? Forex fraud, what else https://www.forexsoutheast.asia/attachments/1526535012.png https://www.forexsoutheast.asia/attachments/1526535013.jpg Shame
I just went SHORT back on EURUSD (1.25640) there's a major gap thats seeking to be closedhttps://www.forexsoutheast.asia/attachments/1526535013.jpg
Just shut off my trade with profit. Gap hasn't fully closed yet. I am staying out for the rest of tonight Gonna Look at the charts in the morning and see if it looks worth trading
Just sold EURUSD with (tight) SL 1.25480
I am off to work in about 1 hr, and will not have the ability to verify my trade for approximately 12 hrs, however this might be quite profitable. I Believe the EURO could be in for a fall
I had some very bad luck on Friday and hit Margin Call with this big spike @ at the end of the day. Very disappointed.
Anyhow for next week I am BUYING. I believe the price will start retracing a little
Can you link up your trade explorer with your journal ? Thanks. :-)
Could you join your trade explorer with your journal please ? Thanks. :--RRB- OK, I will have it setup for Sunday
I suffered a big loss yesterday due to this big-ass 1PM (GMT) hourly pub where big banks pocketed their profits early in London. Though only just, my fault for being greedy.
Anyhow going forward, I think the euro is oversold and we've struck the bottom of the downtrend. When trading resumes Sunday evening I think there'll be a substantial gap and the price will be just above the 1.25 level. There will be a pretty steep rally next week with price peaking around 1.28
OK, I will have it setup for Sunday Awesome, thanks !
I went at 10:13AM this afternoon, (purchased eurusd @ 1.24333), locked in some profit just now. (SL @ 1.24600)
Price is currently at the 200EMA on the H1 chart.
When it breaks 1.25 I can put on anoter buy.
Just wear a nice lil buy with a tight SL.
Bought eurusd@ 1.25540 sl 1.25300
I am selling today. The retrace I predicted is finished. The next stop for EURUSD is 1.19
I just read that Spain is asking the EU to get a bailout for their banks, that is backed by the EU's budget (ie adminiive costs etc)
Translation: The wealthy are lining their pockets until the boat goes down!
Looking at this chart, The dashed green line is at which I sold. The dashed red line is my SL (1.25000) the vertical red line is WHEN I set on the commerce. Friday morning just after 6am. Looks blindingly clear to me that the EURUSD is led south only at that time perhaps faster. Things can escalate quickly from the finaincial planet when everyone's heading to the leaves
https://www.forexsoutheast.asia/attachments/1526535021411348764.jpg
Hello everyone, I have been a member of forexsoutheast.asia for a couple of years now, maybe not posting much but reading a lot and spending 100X as much time staring at charts and running backtests. I'm not wealthy, I have blown one or two forex accounts in my own time and I have to hold down a day-job, which isn't facing a computer (thank God). However, the Forex market has still facinated me. I have been presumed a few lessons from the market and I would first like to share those with you:
[Frink's Lessons]
1. Never commerce against the prevailing tendency on the higher stage(s)
I learned this tip from a guy called Jacko here onforexsoutheast.asiaand it's at least saved me from blowing an additional account, it can have even made me a couple of pips. To me it makes sense I mean it's common sense right? I do not know why so many individuals spend all their time (and money?) Trying to be clever and predicting another change. My mind boggles. Perhaps they have a vested interest in the tendency changing because it's their native currency that's going south, but even in these cases it makes very little sense to me. Like attempting to conquer all the world's armies using a pistol, it.
If you exchange with the trend, you are able to relax much more easily. Even if the trade goes against you by some pips and you are tempted to reduce your losses it's still possible to flick until the higher timeframes and take solace in the fact that the long term tendency is in your favor. Good traders know this. They are aware that the counter-trends found on the reduced timeframes are really only spans of successful traders carrying their profits combined with chicken-shit traders cutting their losses combined with idiot traders gambling against the tendency.
I think I have stressed this enough. Never trade against the established trend on the higher timeframes. This means if the higher timeframe bars are generally going up, you buy. Your orders should be BUYS. All of them. That means none of them ought to be sells. Seriously in the event that you're able to attain this I guarantee you'll never blow another account. And in case you never have, then you never will!
2. Set yourself a daily target
This ought to be self-explanitory. Set yourself a daily target, either in pips, or in currency. Do not risk too much though remember tomorrow is another day. Let us say your daily target is $100 per day, and you chance to take a lucky commerce early in the afternoon and hey presto, You Are up $220 before you have completed your first cup of coffee. This indies you close that commerce and stop trading for the rest of the day. Got it? Yeah. You switch off your computer and flip on the TV, go to sleep, go out for a walk, whatever. Point is the work is done for the afternoon and you ought to be happy. Be thankful you do not have to stare at a screen for another 7 hours looking for that perfect entry. It's done already! Before some people have even begun their work day that your is currently over! HAPPY DAYS!
On the other hand if you are not so lucky and you find yourself down $220 before 9AM due to some idiotic commerce you put on without thinking... Then you ***MUST*** invest another 7 hours in front of the computer trying to determine what went wrong, and also hoping to recover that loss though NOT by gambling against the tendency of the higher timeframe(s), but this seems so easy. I don't care how blue in the face you become. Imagine you are a car salesman and you have only dropped a $100000 lamburginhi. Well that's what you have just done. Trust me, '' You are able to reverse a vehicle but you can not un-crash one. You have to pick up the pieces, take the hit, learn, maybe even take a break. My purpose is FOREX is a job. Like soccer, it's one of the few jobs in the world in which you've got to CONSISTENTLY IMPROVE. You can not ever be good enough. You need to take responsibility for your losses and take the shit. And gamblers become murdered.
And they are my two lessons.
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Starting Monday morning (28 May 2012) I will be posting my trades here along with my general view of this market. At the moment I'm only trading EURUSD and my outlook is bearish . Thing is all the bulls have run out of money. The euro is on life-support however, the machine is going to be rearranged shortly. I can see it hitting 1.21 (or reduced) within another 7 days. Of course I might be wrong.
Okay that's enough. Good pips to all!
[edit] https://www.youtube.com/embed/b9-NllZhkkU?origin=https://www.forexsoutheast.asia.com ... Some musical inspiration
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