Greenlight
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What does your perfect trade entry look like?
- Thread starter Greenlight
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so true.
The perfect trade
to me this is the perfect signal on the daily chart
- trend change
- long tail pin bar at key level
- lower high
- moving averages crossed to downside
maybe the absolute 100% perfect trade would have the pin bar close below the blue 10 day moving average
to me this is the perfect signal on the daily chart
- trend change
- long tail pin bar at key level
- lower high
- moving averages crossed to downside
maybe the absolute 100% perfect trade would have the pin bar close below the blue 10 day moving average
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foroom lluzers
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what instrument do you trade?
tablemountain
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Hi,what time frame is this pic from? Also, your lines of support and resistance; how do you decide when a previous support becomes resistance and vice versa?
(p.s. relatively new to day trading only been live on a cfd account since March '17)
foroom lluzers
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Imaptience , you traded your emotions , you did not trade systems
Most traders can't follow systems
https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=free+trading+systems
3,000 free systems on the internet.
piphoe
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Does Gary Kasparov play a "blind" system when he plays a game? No, he analyzes each move in real time while drawing on his experience. Each trading day is very unlike the last. A Cookie cutter is only good for baking cookies.
tradingdojo
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The markets don't care about your personality. You either learn how it moves and tailor your method to the market's tendencies, changing your personality in the process, or you simply don't make it. The regurgitated talk about finding a strategy to suit you is misleading. You honestly think you can do this without changing, improving your character? Laughable. In addition, thinking that there are countless strategies that work is also misleading. There are a handful and one or two are optimal. This too seems obvious to me but again we can't all be wolves.
Would you try to become a professional athlete with that mindset or would you look for the best techniques out there and completely transform who you are? These among other misconceptions are the main reason the statistics are what they are. People don't want to change and expect the world to bend to their will. The truth is much sharper than that I'm afraid. Change means having to admit we should change something about ourselves and that we're not perfect. Most people cant go there, yet they want to be traders....delusional.
Would you try to become a professional athlete with that mindset or would you look for the best techniques out there and completely transform who you are? These among other misconceptions are the main reason the statistics are what they are. People don't want to change and expect the world to bend to their will. The truth is much sharper than that I'm afraid. Change means having to admit we should change something about ourselves and that we're not perfect. Most people cant go there, yet they want to be traders....delusional.
foroom lluzers
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This is a very good article for all traders .
http://www.trade2win.com/boards/educational-resources/161540-trading-journey-self-discovery-4.html
To trade succesfully a trader needs to be in a transcendent state in which there is neither suffering, desire, nor sense of self.
Traders make mistakes and plenty of them.
http://www.trade2win.com/boards/educational-resources/223432-mistakes-make-losing-traders.html
There is a thread explaining mind traps and rewiring the human brain , in the psychology section.
http://www.trade2win.com/boards/educational-resources/161540-trading-journey-self-discovery-4.html
To trade succesfully a trader needs to be in a transcendent state in which there is neither suffering, desire, nor sense of self.
Traders make mistakes and plenty of them.
http://www.trade2win.com/boards/educational-resources/223432-mistakes-make-losing-traders.html
There is a thread explaining mind traps and rewiring the human brain , in the psychology section.
tablemountain
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My perfect entry is on 5 min chart. (although I'm still new to trading but this has given me the most success)
I use daily for overall trend, 1 hour chart to bring it down, and if a level hits I use 5 min chart to get in.
Example pics of spot gold shown, i've twice done the same for oil light crude and all 3 were winners
BTW- you can try use the 5 min chart for entry without indicators, me personally i use them for extra back up that its the right time to short/long
I use daily for overall trend, 1 hour chart to bring it down, and if a level hits I use 5 min chart to get in.
Example pics of spot gold shown, i've twice done the same for oil light crude and all 3 were winners
BTW- you can try use the 5 min chart for entry without indicators, me personally i use them for extra back up that its the right time to short/long
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tablemountain
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agree with everything you say.....when it comes to changing ourselves would you say that the 'change' is universal for all traders, so the change is learn patience, the change is 'dont trade on hope', the change is read the markets not the news....and so on.
Is the change the same for all of us as in the character traits for a trader are the same or is the change variable depending on who is trading what?
tradingdojo
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Nice catch.
