PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
- Joined Aug 2007 | Status: Member | 1,616 Posts
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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Dislikedyeah well, the long is no longer holding. already down - 23 pips from entry. looks like it could be a ranging market today fellas. its best to take whatever profit you can or even come out at break even. and leave it until tomorrow.
also 15 min and 1 hr supertrend are both showing sells. which contradicts the buys on 2 lines, 50 ema, and fxtradwin. so i dont know what to think.Ignored
Dislikedjust as i predicted a bad today for GU. first the upper level of 2 lines triggered and we all entered a buy. now the lower level has also been triggered, so a short triggered. which means down by - 63 pips in all.
i had a funny feeling this would happen. the market seems to be in a range between the upper and lower levels. should have closed the trade out at - 23, taking the small loss. now down - 63 pips !Ignored
Dislikedu should have taken the short too cos i got +30 on it and -25 on the lose sideIgnored
Dislikedhello thread members today is my first day with this method. i got loss on buy 2 Lines. but i got profit trade on supertrend M15. Look at chart supertrend matrix indicator showing H1 bearish, so i took M15 short trade and made easy 50 pips.
Today is monday so we must have in mind of that ranging market. and we must trade when we r totally confident, also shld look at all points before taking any trade. We can analyze any method only at the end of week or month, dont perdict the success of this method just in 1 or 2 days. keep testing it and make...Ignored
Dislikednot sure how you managed that ? the loss should be - 63 pips from when the long was triggered to when short signal came into affect. when short was triggered , even if you closed the long at this stage , the short only went into profit by about 17 pips. so as i see it i would have got - 63 pips and + 17 pips. you must have entered at different levels than the 2 lines upper and lower.Ignored
Dislikedwell done my friend. i wish i could say the same. but 2 lines is what iam concentrating on at the moment. so i dont look at supertrend. besides for me all 3 indicators on supertrend (4 hr, 1 hr, 15 min) must be in agreement before i take a trade. and they weren't.
2 lines have been good to me, except today, where they just did not work for some reason. but this happens, what can you do ?
iam a bit peed cos i had some losses last week and today. so my gains for the last 4 weeks have been wiped out. of course iam not blaming anyone. but i think...Ignored
Dislikedbro everybody has his own mm to me any trade of more than -30then that is a loss so i dont go below that and for the target of short mine was closed @ +30 i.e 1.5642-1.5612 thats how i trade sir check when the short was triggeredIgnored
Disliked???
the short on the 2 lines was 15593 (the lower line). you would have entered short below this level. so i have no idea how you entered short at 15642 ? this is not the 2 lines. i think you are following your own ideas ?
regardsIgnored
Disliked+35 on 15min supertrend
+50 and still going on 50ema.
Not bad for today.Ignored
DislikedCan you show ur 50 EMA trade setup on your chart??
I got the short entry but not supported by H4...Ignored
DislikedSorry to mix up the system. It true that H4 does not support a short here. I was basing my short on the daily candlestick.
Sorry again, I will try to keep other system out of here to cause any other confusion.Ignored
DislikedThe 50ema is not dependent on the 4hr. It's a system by itself.
zamanib, please correct if I'm wrong.Ignored