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- bscholes replied Mar 15, 2013
Trading is a business. Losses are business expenses. Like a restaurant has to throw away parts of the food they sell and pay its bills for electricity, heating, rent etc. That's just the price to pay to be in business. If you start trying dragging ...
- bscholes replied Feb 20, 2013
Templates are attached, indicators and stuff are here: DanceTools Example screenshot of my setup is attached too, for reference image
- bscholes replied Feb 12, 2013
I entered on M1 where it made a double top with the second top lower than the first. There even were two of those similar setups in the same day. I get quite a bunch of good entries now. Still struggling a bit with exits. I closed the second part at ...
- bscholes replied Feb 12, 2013
Typical breakdown and retest. Price usually drops like a stone after those. and it did. SL was 8 pip covered my risk at +10.
- bscholes replied Feb 8, 2013
Bought confluence of RN/H1-200SMA/H4-50EMA/D1-10EMA on huge Volume spikes (4x avg volume). Covered Risk at +12. Letting it run or break even.
- bscholes replied Feb 7, 2013
Here a quite aggressive entry after a double bottom with volume spikes on M15 resistance. Covered risk at +9pips, moved SL to -8. Waiting to break even or take off.
- bscholes replied Feb 7, 2013
Took the bounce on Confluence WmR2/Open/Round Number. Very tight stop, covered risk at +6. Closed about +22.
- bscholes replied Feb 6, 2013
Took reversal on round number after forming a pinbar on high volume. Covered my risk at +7 on M5-EMA10 touch. Letting it run, maybe new position on weekly trend.
- bscholes replied Feb 6, 2013
Another constrainment trade on M15-10EMA and M1-144 + Resistance at open. Covered most of my risk at +6 (touch of trendline) since it wasn't clear which way it would break out. Letting the rest run to hedge my +214 pip position @ 124.05. EDIT: ...
- bscholes replied Feb 5, 2013
Nice constrainment entry on M1: Why I entered? Price had to retest yesterdays high. Covered my risk and moved to BE after about 12 pips.
- bscholes replied Feb 5, 2013
Nice entry on EY yesterday. Caught the daily low: Confluence of round number and 144EMA on hourly. Took a couple of false starts round the open though. First exit was at +22 pips, covering my risk. Trade is at +300 right now. Will follow weekly ...
- bscholes replied Jan 29, 2013
Boredom is one of my greatest challenges. This is how i deal with it: Since trading is only watching most of the time, I pick up my Saxophone (or Keyboard) and practise while I watch. This way I avoid both the boredom from Forex and the boredom from ...
- bscholes replied Jan 17, 2013
here a nice 10ema touch trade on M1. The catch on the entry is that the touch only occured after the red candle closed. But I entered because I know price frequently stops short 3 pips on round number as it did and that it probably would touch ...
- bscholes replied Jan 16, 2013
A very nice trade: Pinbar on hourly, entered at M1 constrainment on converging 35/50. Exited +10 and +16, could have been +40, sigh. Should have known that pinbar reversals frequently run back to "base".
- bscholes replied Dec 23, 2012
You said you make about 15-20% a month in CHOROS, if you compound it that would be about 900%-1000%+ a year. Not satisfied? I think that's an awesome figure.
- bscholes replied Dec 23, 2012
My biggest obstacle is FEAR. I enter a lot of good trades, but get scared out early if it goes a few pips against me. The other main obstacle is lack of screen time. I need much more experience to become confident. Other reasons are: I want to roll ...
- bscholes replied Dec 23, 2012
Hi Kostas I was trading the Million Dollar Pips Robot in its golden times quite successfully (ie a few K of profits), which is a very execution sensitive bot. I spent months testing brokers with real money and it resulted in these brokers: GoMarkets ...
- bscholes replied Dec 19, 2012
There are some very strong reasons why you shouldn't quit at least until when you are consistently successful and it is all boring: Life here on earth is not about the money earned, but about the lessons learned. Because when we depart from this ...
- bscholes replied Nov 28, 2012
Greatness is born out of humility. Nice work EUR USD, you are an inspiration to us all.
- bscholes replied Nov 7, 2012
Hi arha, would you mind putting your account on myfxbook or the FF trade explorer? then you woudn't have to post manually and it would provide a lot of useful information about how/when you trade win/loss analysis etc. You can hide account balance ...