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
DislikedTrade Details: Platform:FxPro Pair:USD/CAD Date:1/13/2010 Time Frame:4 Hour Trade Type:Short Entry:1.03283 Stop Loss:1.04283 Take Profit:1.02750 Reason:1) Bearish outside bar on 4 hour resistance 2) Descending trendline resistance 3) Round number 1.0400 resistance Result: Winner (53 Pips) {image}Ignored
DislikedHi. I enclose a trade that I took yesterday. It was the USDJPY, a sell order taken as market execution after new demand had been formed and was engulfed in less than an hour. That showed bears strength therefore I entered a sell order at the ignored demand and put the SL just above it. The TP was placed by the next demand. Thanks Esther {image}Ignored
Disliked{quote} What was your RR on this trade ? For me FLS was too close hence a low value trade, as my stop loss would have been above that red candle that broke out the immediate demand. I would be interested in this trade once that FLS viz. important demand zone (which is also a swap zone) is consumed and price retrace back to new supply zones giving a better value on trade. {image}Ignored
Disliked{quote} The R:R was +1.7. Thanks for your comments, good point. I entered the trade after the second demand was engulfed, as it was a sign of bearish strength and I stopped the trade at the demand and, yes I agree it was risky at that level. Rgds EstherIgnored
DislikedExcellent Post - Worth a read..... 2016: Lead by Example One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity. Bruce Lee What do you need to do differently this year? How are you going to accomplish it? As active traders, these two questions are perennially on our minds this time of year. We have just wrapped up the year past and look forward to the coming year with always higher expectations. The expectations are fun and empowering. Every year we feel...Ignored
DislikedModel 2 high probability day trades that present 2R+ risk/reward ratio of average loss. Only take trades that follow strategy which allows the confidence to push trade size. - Patient Discipline majority of my time should be spent waiting for the trade to meet MY set up criteria. - Only scale in high volatility, always full size in normal volatility. I need to get paid on the RISK I am taking. Execute strategy no bailing out. I have done the work allow it to pay. - Losses are just a cost of doing business. No perfection...Ignored