Just took a quick short (EU M5) for +10 - sort of a boredom trade
Screenshot taken at entry - candles turned red, I took it.
Screenshot taken at entry - candles turned red, I took it.
Old Benjamin was right
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DislikedYes, noticed that too.
Problem is, how can we know if the PA is the one going to connect to ALF, or the ALF going to connect with the PA?Ignored
DislikedWTF! - M5 just began to chop. Perhaps my adventure trade was a retracement. Only problem is upside resistance is around 1.2300.Ignored
DislikedI am so in-decisive today! Argh! After missing 4 awesome 5 min trades during LON...now this chop has me guessing.
I do notice PA-ALF connection...I was tempted to buy the bottom of that hammer on the 5M and ride it up to the ALF...would have been good for 15 or so on GU.
I hate not pulling the triggerIgnored
DislikedMark Douglas ("Trading In The Zone") says leaving pips on the table is traders greatest fear (next to an outright loss). How true...Ignored
DislikedOn another subject, I have no interest in participating in a trading room of any kind. I'm not much of a joiner anyway and, between keeping up with what's going on here and doing my own trading, I can't think about being busier than I already am.Ignored
DislikedLou didn't have any objections to the possible new skype room, and I never implied that he or anyone else had to join. I would like to make a few rules for the room. All technical and other questions will continue to be made in this forum for all to see and learn. The new chat room, ALF Revisited on Skype, is for calling out potential trades only. My skype name is stevefx1, so you can send me a message on skype by adding a contact to be added to the group. Let us continue to add to this great simple method for trading and I thank everyone again...Ignored
DislikedOnce again today, I've proved that I am a much better programmer than a trader. Those who followed the ALF guidelines gained a minimum +37 pips (see the chart) on two long trades.
I, on the other hand, gained +20 on two trades, one of them counter-trend.
Still, +20 is right around the goal I begin each day with, so I'm modestly pleased.
Sorry about the trading room thing - I just feel my trading would suffer (even more) by adding any more distractions.Ignored
DislikedLou, the beta indicators work pretty well. Thanks for the effort in bringing this to the community.
I have to say the only problem is myself
I will need more practice to manage my fear and greed, and also have faith to follow the systemIgnored