Bashir trust you are well.
I have not done so good recently for a variety of reason but mainly because I think am getting in and out of trades too early using this method and have not sticking to your rules with rigid discipline.
I am looking for little scalp trades on pullbacks against the trend. When I go long the market stutters and pulls back and visa versa. I am truly a horses ****!
Anyway I wonder if I might ask you about your No 141 post where you showed a long trade setup. If I have interpreted your charts correctly you are immesely patient for the right time to enter.
Have I interpreted your set up correctly.
The 30 min stoch pushes up and closes about the 20ema at 10.00
The 10 min stoch pushes up and closes just above the 20 ema at 10.10. Also note 10min bounces off R1
The 3 min has been pushing up for some 8 min from 10.10 and crosses the 20ema at 10.18.
The 144tick has pushed above 20ema 10.08 and the 89ema at 10.14 and 20ema crosses 89ema at 10.17
The 1min is just at but fractionally above the 20ema at 10.10 and just crosses the 89 ema at 10.18
From 10.18 stochs are in an overbought range and fairly closely crossing and recrossing
You eventually bought your first contract at 10.26 when the 20 ema crosses the 89ema and then twice more when all remained above support but when I min stochs turned up (whether overbought or oversold). The trade was profitable because the market pushed higher.
Am I right in my interpretation of that setup.....that it started to build at about 10.10 and you eventually placed the thread at 10.26.
If I am, what it tells me is that you are very patient and wait for the market to come to you, and you hold your nerve even when I min stochs are coming down as long as higher time frame charts are pushing in the right direction.
I have not managed this sort of patience yet and am driven by what the I min chart does often losing my bottle by watching the 1 min stochs pull back.
I wait your next video with great anticipation. By the way where will i find you on you tube. Do i search under bnaimy.
Thank you again
Shay
PS Perhaps we could persuade you to open a little trading room on Skype or some such so we could listen. Save you all this writing!
Hi m8, i am done uploading the video now, i will put a link directly here so you can all have a look.
You are right , i have pretty paitience
i dont like to rush thing, i remember when i was rushing i would get into a trade to earlt and get stopped and then see it go the right way and make good money. But that comes with expericene and you will also be able to do this, just give it some time and you will do great.
And the setup that you mentioned is correct, but i recomend you only look at this last video now and that will be the final version and will be alot of help to you. I have included both exacmples, chartsetups and indicatots and so forth.
I might open a room, so if anyone who wants to follow my trades then they can do that, basicly follow my trades as i do them live. But not right now, things are kinda hectic right now. I will try to open it next month, and see how that will work, will try to limit it to tops 20 people,to many people and i think things will get swamped.But if i do open a room , i will post it here and let u all know.
But if you have problems with disipline, i recommend you tell your self before each trading seesion that you WILL follow the rules, and just keep reminding yourself, whenever you get nervouse and your heart start racing, just get out and take some air and then come back and sit down , i do that alot. and it helps
And whenever you are tempted to go into a trade to early, then juust smack yourself
Will post the link here today, just need youtube to prossess the video first, they seem to be slow today.
Here is a ebook for you all, its a good book for those have problem with disipline and trading problems, read it and i am sure i will benefit from it.
With kind regards
Bashir Naimy
