Note: Personal opinion. please ignore if you don't like.
Making money is easy- Just dont take losing trades
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DislikedWelcome to the thread Ian,
Usually I take the 35 the first time it is hit. In this case, if you see 7 bars back you will see a touch of M15 35 confluenced with H1 10 and RN. Perfect entry.
I usually take only the first 35 trade so what you are showing I would not have traded.Ignored
DislikedYou hit bulls eye there kostas. I have observed that all MAs first touch works. next time its risky. Am not trading touches yet because have only lost trying to touch trade. am controlling myself to constrainment trades. But your comments are valuable. keep them coming.
Edit: as an aside, anyone has any info on how eclayf is doing? reading through his posts is so humbling. Like kostas, he always took great efforts to teach newbies. god bless him!Ignored
DislikedHey even i got the same one. Wasnt looking like good trade to me so waited till my sl was very small. Sold 65, SL 71. Booked at 30 . No matter what Gordon Gekko says, Greed is NOT good.Ignored
DislikedYes I had my usual 15 pip TP set as I can't sit and watch the trade (Day job)
and missed a lot of pips. I'm looking forward to the day I can do this full time.Ignored
DislikedHey even i got the same one. Wasnt looking like good trade to me so waited till my sl was very small. Sold 65, SL 71. Booked at 30 . No matter what Gordon Gekko says, Greed is NOT good.Ignored
DislikedTrotty,
Nice to see you again my friend! I knew you were keeping up since I could see your name in viewers from time to time. I also noticed that your trading stayed with the general theme of MAs as moving S/R.
Endroute's suggestion is a natural addition to the Dance. We were using the M5 anyway for entries/exits but his observation is very interesting and will benefit our thread. But first we need to thoroughly test it and decide if we are going to adopt it or not (although since Endroute is using it most probably we are going to like it). It would...Ignored
DislikedHave anyone considered previous day low? There is also a 1H pin on this level.Ignored
Dislikedbe careful in taking shorts today.
we are still in a clear uptrend on the daily chart as you can see.Ignored
DislikedDoes anyone here trail price like Clay suggested, ie.. moving SL to the high or low of the previous bar ?
I only ask as on two of my trades today I've left a lot of pips on the table by having a fixed TP.
Cheers
SimmoIgnored