Lord Flasheart
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Nice to report old mas method made 70 pips today
after 6 trading days and 20 trades score is - 89
after 6 trading days and 20 trades score is - 89
Vaco
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m15 and upwards are still trending up, but you would need a stop below 1.34
Dinos
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As part of my daily routine, I always check the diary every morning before I trade, I did as normal today and ironically even posted a reminder of a news release this am, but for some reason, I failed to remembe and act on the US data. So as my trading plan dictates, time to stop trading, and review the day, if I can overlook such a simple things as a news release, then I'm not prepared to put my any more money on the line today. I need to understand where I went wrong and why it happened.
I'm not lowering my stop any further, it's against my trading strategy so I'd rather take a loss and besides we might get another rise up yet.
It's looking oversold at the moment.
Dinos
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Only you can make that decision
Vaco
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I'm not suggesting that you do, merely airing my take on the TA.
Dinos
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I suppose, and it should be, we all interpret and record things differently,hence why we all should make our own decisions. My M15 direction attached
Attachments
Vaco
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If I was trading m15 I would call that a pullback, maybe an opportunity to go long?
Attachments
Vaco
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yeah dude I'm out. Going to wait and see what happens around 1.3380
Dinos
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Agree with your view, just confirms what we all know, there are so many different ways to intrepret and analyse charts, and as such, why we all trade differently and so we should. Its good to see how others view one another perception of what is happening, and at the end of the day, if we all make ££££ from it, marvellous. Nice chart by the way, as you know and seen, I like mine KISS, very little on it.
B
Black Swan
Ignore the pips, it's not relevant to the point I want to make, and for the remainder of the year I'm playing 4 pairs off 1/2 hr TFs, no new swings...
The euro swissy took a quick stab down to S2 (12,870) on the 14:30 candle, then retreated back up to cicrca 12900 in what felt like a heartbeat. I know we all use various indicators/patterns/trend lines etc. but when you see price *behave* like that you realise how small retail players (that's us folks) are in the game. Makes you also realise that they (indicators) should be used as nothing more than points to keep your disciplined; "what gets you in might get you out" and as such strict money management should come into play if you correctly use indicators.
That spike down, (seen it happen a thousand times) is best illustrated on HA, was surely the market (+makers?) collectively testing S2, doubtless the market was also stop hunting (not your broker the market).
Now I'm as hard core technical as they come but S+R, Pivots, big round or looming numbers, volume...you can't fight the matrix..
Just for Trendie there's a couple of losses at the start of today, iirc I was 70+ down on the closed trades and 30 down on the live trades at one stage..Which again, not trying to teach, but as you can see took a fifty hit on the Euro pfftt..wtf, we're all men aren't we? Early days I might have puked for the day when 100 pips offside, but if you truly have self confidence in your edge then you'll win through..for example, I didn't get all my lost pips back on the EUR/USD but you can clearly see me *fighting* to get it back..
The euro swissy took a quick stab down to S2 (12,870) on the 14:30 candle, then retreated back up to cicrca 12900 in what felt like a heartbeat. I know we all use various indicators/patterns/trend lines etc. but when you see price *behave* like that you realise how small retail players (that's us folks) are in the game. Makes you also realise that they (indicators) should be used as nothing more than points to keep your disciplined; "what gets you in might get you out" and as such strict money management should come into play if you correctly use indicators.
That spike down, (seen it happen a thousand times) is best illustrated on HA, was surely the market (+makers?) collectively testing S2, doubtless the market was also stop hunting (not your broker the market).
Now I'm as hard core technical as they come but S+R, Pivots, big round or looming numbers, volume...you can't fight the matrix..
Just for Trendie there's a couple of losses at the start of today, iirc I was 70+ down on the closed trades and 30 down on the live trades at one stage..Which again, not trying to teach, but as you can see took a fifty hit on the Euro pfftt..wtf, we're all men aren't we?
Early days I might have puked for the day when 100 pips offside, but if you truly have self confidence in your edge then you'll win through..for example, I didn't get all my lost pips back on the EUR/USD but you can clearly see me *fighting* to get it back..Attachments
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B
Black Swan
so, BS, you take the overnight breakout, and target the nearest Pivot Point in the direction of the breakout??
(also, thanks for posting a couple of losing trades.
You're most welcome bud, it is what it is, warts and all..Gonna try and take 100+ per day from now until Xmas Eve. As for the entry strat nope you're way off, it's simply a coin toss, today = won 3 lost 3...
Lord Flasheart
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Im still waiting to see how this works. Ive been trying to stay away from indiferent posting because I seem to be alone and am quickly attacked, but this takes some explaining. If you enter at the same time,all the time both positions are running you are square. If you take some of then you have a net position that you could have taken at that same point,so what is the point in the first place. Sorry if I dont know what Im talking about and am on a different planet to the rest of you.
