DislikedRight off to bed now and I'm sure I'll be stopped, but I'm not giving anything back now. I've set a TP at 61 in case I get lucky and I'm not talking about with the mrs!Ignored
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Why did you start trading and what do you expect from it? 19 replies
How soon after you put on a trade do you expect to be "in the money"? 28 replies
How do you see trading - Do you see it as a means to an end? 12 replies
how long do you expect to trade? 10 replies
Trade What You See And Not What You Hope 0 replies
DislikedRight off to bed now and I'm sure I'll be stopped, but I'm not giving anything back now. I've set a TP at 61 in case I get lucky and I'm not talking about with the mrs!Ignored
DislikedLooks like you nailed both the top and bottom of that movement. Depending on spread at the time, your 99 stop should have just held. Nice work!
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DislikedTaken a few trades this morning, and have done ok despite the whipsaws. I took a couple of longs on Aussie- the first was a pending order I setup before having breakfast at 66 (white checkmark) above the trendline/top of triangle on 1hr chart. I thought there would be a pop up if that line broke, but also that it might be a fakey, anyway it just hit my TP then reversed at the 50ema- I guess I got lucky again!
My next Aussie entry was after the 1hr pin printed- I was a bit late seeing it, but entered at 41. Chart below at entryIgnored
DislikedI've been traveling a bit and am just going
It would be great to see some of the 4H trade setups that you are considering or taking, if you can manage it. I think the mental shift here for me is to decide whether:
- I'm taking the trade off the 4H or LT charts and using the 15M to refine my entry
- I'm just entering a short term trade off the 15M and will exit when PA on the 15M indicates a reversal
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Dislikedhere's one that didn't work as well. Took a short on Euro earlier when she closed almost flat on the 50mas- grabbed a quick 10 pips on half at the faster ma's and then got stopped out -4 on the rest. 15min charts of entry and 1st TP belowIgnored
DislikedNice going man, range trading is some of my favourite intraday trading to do. Once you have a handle on the bigger picture, I don't think it's hard at all.
Yet we're always told to stay out of the range :-/
Funny, I was reading another thread on here last night about "5 steps to becoming a successful trader". There is a guy on the forum - Ha-Pattern and he's been very honest about being unprofitable for like 5 years or more now. I just want to pick him up, plonk him down at the start of this thread and tell him "if this doesn't make you profitable,...Ignored
DislikedYou never know- whilst I think this method is the DB's- it may just not fit with his personality. And also there is a hell of a lot of work in reading and screentime to get up to speed with it that will just put a lot of people off. I think the majority of people on these forums are after a get rich quick scheme, and that's just not possible in FX- GET POOR QUICK more like! If you want to make a career of it- like anything else it takes a lot of hard work- no shortcuts.Ignored
DislikedThat's great though. If your bad trades at the minute are just a handful of pips rather than a loss, happy flipping days!Ignored
DislikedYes when you put it like that- I suppose it sounds pretty good! I still find myself doing the odd stupid trade, although thankfully much less than I used to, and even worse for me is managing a trade badly- letting it go too far against me- and not cutting it quick enough (usually because I didn't get to my first TP)- that really pisses me off when I let one trade wipe out day's of gains.Ignored
DislikedNot so much nowadays- it did happen a couple of weeks ago. I know it's really stupid, and it either happens if I forget to put a stop in, which is easy to do with my platform as the interface is pretty basic and not intuitive (bad workmen blame their tools and all that!) or I convince myself to give the trade more space and the next level of support will hold where I add to it- of course it doesn't... So it's really a discipline thing.Ignored
DislikedCrikey, that's every traders nightmare scenario. I guess this is why we want to ideally be shooting for 1:1 minimum on our trades. The most a loser should ever really wipe out is the last winning trade.Ignored
DislikedYes, it's the demon I'm trying to control at the moment. It's a classic for many traders- I need to define and ACCEPT my risk before every trade. Sometimes, you know you get on a roll, and just eyeball a setup- and take it without properly identifying the SL and TP, and then once the trade has begun to go against you, you make an EMOTIONAL decision to either give it more room or average down, and I need to make sure that these decisions are made without emotion before the trade is taken. I suppose the problem happens because there are many times...Ignored