The purpose of knowledge is action, not knowledge
Alifari's - QM Thread 8 replies
Alifari Trading Challenge - Level 1 5 replies
Alifari's - Supply & Demand Thread 17 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Disliked{quote} Majority of my trades are pending limit orders, I only use market orders on VLTF trades, as those are quick in and out trades based on current price action.Ignored
Dislikedthanks, but your pending limit are usually set on lower TF (than main PA reading TF), aren't they? i suppose it has to be done a few moments (based on your guess) before the entry triggered. and if not triggered, you need to remove/adjust them right away? that's just my experiences, much a headache to me, hence i asked this. {quote}Ignored
Disliked{quote} If I identify zone in advance then I place pending order right away with approximate take profit target of 2R and set an audio and pop up alert few pips above/below my entry, so when the price is near the zone or level, I can see how price is approaching my entry level. If the trade is triggered I reassess my stop loss and take profit target and adjust it, if required. If the trade miss my entry price and hit my projected take profit target or nearest FLR/FLS then I cancel the tradeIgnored
Dislikedthanks, crystal! i've been thinking about your "not entering 2~3 correlated pairs at the same time". i do that too, as i found i often suffer losses altogether. but is this a right thing to do? i'm not sure. in your case, if both gu and au 's setups look perfectly, and the decision NOT to take them both would be based on factors outside the setup (risk in this case). this is something that great traders keep warning us of. my skill is still poor, therefore, i'd better reduce risk by taking only 1 pair. however, traders like you with mature methodology...Ignored
Disliked{quote} Exuberant growth Vs. sustainable growth. That's the only analysis needed. Anyone can be lucky..triple their account in a day...but this cannot be maintained in the long term! The only way you can have this type of roller coaster account balance is with unsustainable risk. Any system that has even close to 90% draw down is not a profitable system long term. Sooner or later it will blow the account. It is mathematical fact. This is not a model to build wealth. Statistically, the faster the account growth, the more severe the draw down. This...Ignored
DislikedHi Ali and everyone on-board. I have been out of touch from trading this week. I hope the week went well for all of you. Cheers !!!Ignored
DislikedNzdusd m30 supply zone - entered on instant retest trade result +3.0r {image}Ignored
DislikedDear Ali, your entry is amazing, why? is it due to a ignored supply? I can't be sure of it. but your exit is too conservative to me, man. isn't it on H1/M30 a clear compression, and momentum apparently strong? 0.78 seems a sure target. {quote}Ignored