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DislikedMy entry was too early here. Should have waited on break of yesterday's low. 7 pip loss. {image}Ignored
Disliked{quote} I trade EUR/USD, GBP/USD, EUR/AUD, DAX. Sometimes i take USD/CAD, Gold, JPY pairs. AUD/USD is very nice and smooth pair, but volatility is very slow last years. My favourite is EUR/AUD - i traded this pair during last 5 years, it was perfect, but now it's not as good as before. GBP pairs are always more active and more volatile than EUR pairs, so have to be careful with them, especially such as GBP/JPY or GBP/AUD - i don't recommend these pairs at first, only when you learn them very well. Generally, AUD pairs are very good in tech analysis,...Ignored
Disliked{quote} This is how I see that short (in hindsight of course). I can't say for sure if I would've taken that trade in real time. MA's were bunched together there. However, we can see the trade did run enough to return > 1.5x our risk there. Always another trade. {image}Ignored
Disliked{quote} Btw I would like to know, how do you fixate your risk say you want to risk 1% of account. then it result in say $100. Given you are using market order to enter trade on breakout, how do you ensure your entry to stop loss level is $100? I know when you calc position size it might be something like 0.05 lot making $93 as an example, when you enter there is no way it is gonna be exactly that amount of risk because the market is moving. Or do you have entry EA/indicator to help you with money management? Because a planned risk of $93 to $100...Ignored
Disliked{quote} Thank you for your question. You are totally right when say that MM is very important for success in trading. When you see potential entry - you see the point where you want to enter. Your SL should be planned before the trade - you see how much pips your potential SL is from the point where you want to enter. I don't use any indicators for that, i know the risks of my potential trade before the entry. If your potential SL is 10 pips and you don't want to risk more than 100$, you just should calculate what lot you need for your pair. You...Ignored
DislikedLast trade of the week. I missed the breakout of the Asian range (first chart). The trade I actually took was on the hourly (second chart). Lots of indecision at ~1.2678 resistance level. Honestly, I entered chasing the previous trade, and justifying it with an hourly time frame. Bad of me, wasn't patient enough. I was pressured to put on a trade before going to bed. I was late to the move, and the timely retrace punished me before price pushed higher. Possible clue to today's up move were hinted by divergence (third chart). {image} {image} {image}...Ignored
DislikedI've enjoyed your charts Helbor. It's always nice to see different perspectives. I'm curious as to how many pairs you're looking at and how long do you trade? I personally trade only GBP/USD and trade the first two hours of the London Open.Ignored
Disliked{quote} Some weeks i look at London only, other weeks London and NY, depending on my schedule.Ignored
Disliked{quote} So what you do is you manually enter your trade at or near the planned level? If so, then there is bound to be that slippage, given mostly it is London Open, could get as much as 5pips slippage! Then you manually modifiy the order to place your stop and Target profit levels? Basically on entry, it is naked entry price level market order, then when in you quick move to edit order to put on stop and target profit? I hope my question is clear...thanks.Ignored
Disliked{quote} Haha, I completely understand this. I've flip flopped between LO and NY open depending on whether I'm working day and night shifts for the week. I think this thread is a great place for us to work on our discipline. Holiday today. Volatility wasn't too bad. The constant uptrend on cable has made it hard to see any structure on the M15 chart. Instead, I spotted a level on the M5 that I was waiting for. The two arrows note why I drew the level. However, when I took the trade, the 14 period CCI failed to signal the trade. It came close to -100,...Ignored
Disliked{quote} A very nice accident! Thanks for sharing your entry. (I too have made that error, seeing the 100 level for the -100 level. Soon i realised if such a cross happens simultaneously with a strong engulfing bear candle after double top, it's a highly probable reversal signal, good for at least 10 pips - sometimes much more. But that's really bending the rules of this system. I observe it mostly on EA, i'm yet to trade it.) I waited for a retrace at round number and then entered for 10 pips on break of box. The CCI(100) had not quite dipped below...Ignored