A good 1to1, taken today, we now expect a bounce at 38%.
Cheers
Cheers
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DislikedHello Traders Eur 1 min Took this short, price had made a NSH, with increased momentum, so I was a managed it aggressively. {image}Ignored
DislikedLooking at this on the EURUSD 5 min I'm unsure if price will break below 1.1370 tho. there seems to be some strong buying pressure in that area {image}Ignored
Disliked{quote} Hi Mack, I'm in short on EU. From my perspective: {image}Ignored
Disliked{quote} Good morning honestknave yeah, I wish i got in short as well. I spotted the rejections at the 1.14 RN but with the slightly bullish trend and recent bullish strength my expectation was for the barrier to fail so I was waiting for the pullback after the breakout..... I was to slow to change my bias and wished the opportunity PS : Nice bank so far I hope it goes down a little more and decelerates.Ignored
Disliked{quote} Hi Mack, I'm in short on EU. From my perspective: {image}Ignored
DislikedHello Traders Eur 1 min Took this short, price had made a NSH, with increased momentum, so I was a managed it aggressively. {image}Ignored
Disliked{quote} Honest you are man. I have to ask how do you hold onto your trades so long The slightest pull back and I get the nervous about giving my hard earned money back. I wish I could hold onto my trades as long as you Regards Aj1Ignored
Disliked{quote} Personally, I hope it goes down a lot more and accelerates There were quite a few barriers nestled way with the RN at 1.14 (yesterday's high, monthly resistance). In the short term, there was some bullish strength running into 1.14. However, viewed as a whole retracement the bullish move was weaker than the previous bearish move. It is now hitting 1:1 at yesterday's low. I'm going to hang on a little bit more... with the bears in control it would be strange if they couldn't even manage a test of 1.135 having got this far.Ignored
Disliked{quote} In fairness, I can be guilty of holding on to trades for too long. It's something I'm working on. Generally speaking, I try to find a good reason to exit beyond fear and/or greed. The same way I wouldn't enter a trade only because I see weakness (I'd want confluence), I apply the same logic to exits. Weakness isn't necessarily enough. I'd want the exit to be at a place where I could imagine the market to logically turn again. But it burns me sometimes, for sure. Always hurts to give back pipsIgnored
Dislikedyep, have to agree, i can't let a trade a run to save my life. been trying to follow honest's example and let trades run, (thats why i love this thread, different perspectives and great info). its my one big weak area and i'm pretty sure it's the one thing that will take me from consistently break even(ish) to consistently profitable. Still, more practice and i'm sure it will come for us guys in the end. Took 7 pips, but there were 30 up for grabs. {image}Ignored
Disliked{quote} do you find that the sacrifice of your win/lose ratio actually is counter balanced by your higher average win? Or do you think you would be more profitable if you traded the other way?Ignored
Dislikedyep, have to agree, i can't let a trade a run to save my life. been trying to follow honest's example and let trades run, (thats why i love this thread, different perspectives and great info). its my one big weak area and i'm pretty sure it's the one thing that will take me from consistently break even(ish) to consistently profitable. Still, more practice and i'm sure it will come for us guys in the end. Took 7 pips, but there were 30 up for grabs. {image}Ignored
DislikedAlso if in doubt, remind yourself of the reasoning for taking the trade and re-evaluate if you think it is changing course. If the initial reason for taking the trade still exists then allow your SL to do the work, otherwise let the trade run.Ignored
Disliked{quote} I used to struggle with this quite a lot early on too. Try watching your trades on higher tf's so not to watch the micro moves that are designed to scare you from a position. Also if in doubt, remind yourself of the reasoning for taking the trade and re-evaluate if you think it is changing course. If the initial reason for taking the trade still exists then allow your SL to do the work, otherwise let the trade run. Have a clear plan for BE levels and 50% stops (or what ever level you choose) to cover positions and it will de-stress your...Ignored