DislikedYeah, me to Fitness, I don't really have an "excuse." I just haven't been following the "rules" strictly, like I should.Ignored
We'll just have to be more disciplined and work on this stuff.
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DislikedYeah, me to Fitness, I don't really have an "excuse." I just haven't been following the "rules" strictly, like I should.Ignored
DislikedThe problems I am having are 1. I am entering on the set up, not the trigger. I figured that out when LG posted her rules on 3 Taps a few pages back. I usually take the trade when all 3 RSI are in the same direction, and there is a 3 tap line drawn. I think the PA movement, or lack there of, is what is getting me. And 2. almost every trade I left open over night, went negative 60-75 pips. I set a 100 pip SL, but eventually the do get to that.
We'll just have to be more disciplined and work on this stuff.Ignored
DislikedThe problems I am having are 1. I am entering on the set up, not the trigger. I figured that out when LG posted her rules on 3 Taps a few pages back. I usually take the trade when all 3 RSI are in the same direction, and there is a 3 tap line drawn. I think the PA movement, or lack there of, is what is getting me. And 2. almost every trade I left open over night, went negative 60-75 pips. I set a 100 pip SL, but eventually the do get to that.
We'll just have to be more disciplined and work on this stuff.Ignored
Disliked[size=2]"The average chart reader, however, is apt to become obsessed with the notion [color=black]that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to its logical limit he is bound to go broke. There is an extremely able man, a former partner of a well-known Stock Exchange house, who is really a trained mathematician. He is a graduate of a famous technical school. He devised charts based upon a very careful and minute study of the behavior of prices...Ignored
DislikedYou like Livermore too! As do I, not as a man, but as a trader..have read everything I can about him.
He sent out market "probes" or "scouts" as a major part of his trading...kind of like we are doing with our daily trades and the 30 pip SL.Ignored
Dislikedquestion: when the trend line is tap for the third time wewait for the candle to close and a break to the desired directionIgnored
DislikedI did some research on his trading and like few of his techniques. Kindly do remember that he was basically a commodity and stock trader, and not a currency trader. Forex is a different market and we are living in different times with advanced technology. However, some of his money management tactics are worth checking.
Posted his quote on this thread because of its relevance to this thread's title. If its bull market, its a bull market. If its bear market, its a bear market. Trade what you see.Ignored
DislikedNo, TSD, it was a daily chart entry with 30 pip SL. I closed the trade with 115 pips when I closed all my trades.Ignored
DislikedYes, I see the trade on the EC Daily.( nice trade by BTW ). I was referring to the GU trade long. Looks like it a BO trade on the 1H...Per the chart shown... I see the entry hence why I asked did you take in the 15M the change the chart back to the 1H as your entry appears to be on one of the 2 break outs long. Have I missed something ?
ThanksIgnored