DislikedHere is a trade I just took on EJ for 21 pips
The 2 touches on the 35ema gave me a good signal and I set my SL on the 50 lineIgnored
Don't forget your trading zone..
Good Trading To All ; Ken Lee
The System Behind the System, by Merlin Jeffries 16 replies
FX Trading Journal & Continuing Education (warrensapp) 2 replies
Continuing Direction following new Daily Low or High at Close 5 replies
Just basic question on trading successes 10 replies
Would you trade this system? New system #2. 10 replies
DislikedHere is a trade I just took on EJ for 21 pips
The 2 touches on the 35ema gave me a good signal and I set my SL on the 50 lineIgnored
DislikedThe brave ones will short the wicks of the previous 15m top . But I prefer to see good PAIgnored
DislikedHey ken appreciate hard work you are doing here. Also this wonderful thread. However, even after reading the manual i find it difficult to understand trades you people are taking. Wondering if things have changed? or i haven't just spent enough time with manual? Would love to fooloow such successful thread with such helpful members.Ignored
DislikedI hate myself to give up too early on this long
entry IB outbreak, closed at 1.603 around, my marked s/rIgnored
DislikedYou and me both mate. I was just worried (FEAR) it was driven by the news and would reverse on me. Oh wellIgnored
DislikedWhat I have always done and continue to do is try and show WHy those entries are good and the places they are the best...Ignored
DislikedThis might be a little bit of rambling but the above quote resonated with me because my biggest problem is seeing the "where":
I think a lot of people that start with EO's method begin by taking all the entries regardless of where they are on the charts -- like taking a pin reversal during a strong trend with no HTF area above it, or taking a 1/5 o'clock trade when we are about to hit a key level. I know that's how I started, and I still find myself doing that all the time. It's definitely my biggest problem as a trader -- I don't always read...Ignored
DislikedTrotty put it good. Trading is not hard, trading well is hard. It takes effort to get good. But its also important to remember that in reality if we break down each component we use then trading is not hard, its easy to make it complicated in our minds.
If we we're to break down what we do here in small bits and pieces what do we really have? Or what do we use to help us read the charts:
Support and resistance (ppa)
Candlestick formation
Moving averages
Trendlines
Fibonacci retrace
So in and of itself each component we use doesnt take...Ignored
DislikedTrotty put it good. Trading is not hard, trading well is hard. It takes effort to get good. But its also important to remember that in reality if we break down each component we use then trading is not hard, its easy to make it complicated in our minds.
If we we're to break down what we do here in small bits and pieces what do we really have? Or what do we use to help us read the charts:
Support and resistance (ppa)
Candlestick formation
Moving averages
Trendlines
Fibonacci retrace
So in and of itself each component we use doesnt take a very...Ignored
DislikedChart of that fade trade, I covered by taking off position size but left my stop above that ppa- s/r line above the fade area. Might not go much further might have left it to long but just got home.Ignored