Ezzy -
I make lots and lots of money taking bounce trades...
DEAN -
Post 7675.... Y ES
I make lots and lots of money taking bounce trades...
DEAN -
Post 7675.... Y ES
1
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedSome nice setups this morning on the 1 Hr EUR/USD and the 1 HR EUR/JPY.
EUR/USD ATR = 21 Target 1 = 42 pips Target 2 = 84 pips
Both Targets attained.
EUR/JPY ATR = 32 Targer 1 = 64 pips Target 2 = 128 pips
Both Targets attainedIgnored
DislikedThe EUR/USD met my rules for an entry. Clearly the Euro was showing weakness against all crosses.
I waited an hour after the E/U to make sure the EUR/JPY clearly broke below and closed below the previous support . . . then entered the EUR/JPY trade.
Normally I would not take the cross below the 32 on the E/J. But, the clear break below structure and confirmed downward momentum of the Euro made it a low risk.Ignored
DislikedMy current trades and still counting the pips
shorted 4H EUR/GBP and now over 100 Pips in profit
shorted 4H AUD/USD and now over 90 pips in profit
Bought 4H USD/CAD and now over 80 pips in profit
shorted 4H EUR/JPY and now over 240 Pips in profit
shorted 4H GBP/JPY and now over 130 PIPs in profit
Laugh laugh laugh ....Ignored
DislikedMy current trades and still counting the pips
shorted 4H EUR/GBP and now over 100 Pips in profit
shorted 4H AUD/USD and now over 90 pips in profit
Bought 4H USD/CAD and now over 80 pips in profit
shorted 4H EUR/JPY and now over 240 Pips in profit
shorted 4H GBP/JPY and now over 130 PIPs in profit
Laugh laugh laugh ....Ignored
DislikedThe EUR/USD met my rules for an entry. Clearly the Euro was showing weakness against all crosses.
I waited an hour after the E/U to make sure the EUR/JPY clearly broke below and closed below the previous support . . . then entered the EUR/JPY trade.
Normally I would not take the cross below the 32 on the E/J. But, the clear break below structure and confirmed downward momentum of the Euro made it a low risk.Ignored
DislikedI would like to share how I gained some insight, rather abruptly, not long after I was introduced to trading.
Once of the best pieces of advice I ever received about the mindset of a successful trader was shared with me by a trading professional I met early on in my trading education.
[font=Calibri][size=3]He suggested to me that I view trading as "Financial War." At the time I thought this was a bit extreme. However, he went on to describe trading as a "zero sum game"...Ignored