The Thief of Wall Street
Chicky's Trading Journal 314 replies
bo7a method... method for GBP/JPY 205 replies
VPS Using VNC Viewer - help appreciated 7 replies
Using a VPS server with team viewer for webcast 2 replies
Chicky's House of Pleasure and Pain 11 replies
DislikedIt went well in the begining, but I took a wrong decison at this blue line. Went long after it was penetrated and against the latest news.
Now trying to cover some of the loss, based purely on calculations. I think will be able to end near $13,500 or so. I think this is where I started the week or maybe little more than that.Ignored
DislikedI know how you feel. I got cut at my SL around the same levels. Could have taken 60 pips before going short again at 1.295, but I was scalping 1.295 and I didn't catch this super big 2nd move down. Regretted.
Hope you do better next timeIgnored
DislikedDoes this mean we can post again?
Nevermind...I see your allowing it.
Ok...that being said. Chicky - my charts are screaming solid sell. If your scalping that is one thing, but there is at least 150 pips to the downside coming, possibly a lot more.Ignored
DislikedLOL. I tried many times catching a big move and this is how I summarize my results:
1. Success (33.33% of the time)
2. Failure (33.33% of the time)
4. Pa came back and deprived me of all my profits plus gave loss (33.34% of the time).
I am now trying to do something that is more reliable and works most of the time. But this requires some investment and a lot of patience. Let's see what happens.Ignored
DislikedI also read about your reply to almo.
Maybe you'd want to consider looking into harmonic patterns as I've recently started? Most of the time you don't get a perfect pattern and there are many time frames to catch them so it really depends how you trade.
Maybe sometimes your entry for the 50% retracement is wrong because PA wants to take 61.8 or 78.2 instead, that's why PA comes back to hit your SL. Perhaps you should consider being a trend setter instead of a trend follower
I'm way less experienced than you. So I'm also looking at your...Ignored
DislikedThere are many patterns and other tools indicating probable moves, but no such tool is reliable. None of them ..............and this is how its supposed to be.
The only viable tool is the money management. It won't make a difference which tool I use for directional guidance, they all are equally good or worse.
I am trying to copy Jesse's money management technique with some modification. It is easy to follow Jesse's money management tactic on stocks and commodities but difficult on currencies. Let's see what happens. I may be wrong many...Ignored
DislikedSometimes I get so tempted to just throw everything I have into that one trade because I get overconfident. But all in all its a 50-50 chance. And that's gambling.
The 50% retracement sits at 1.29126 on my charts. Are you looking to take a short or filter it out and hope it goes higher?Ignored
DislikedI have exactly the same level for a 50% retracement looking at 5M.
It depends when it gets there, before or after London Close, whether after 2:30 pm NY time, strength of NY bears, etc. But one thing is for sure, I need to add more longs.Ignored
DislikedIt got there already and I got out of my losing trades with a small profit. Looking to a 1.27xx level nowIgnored
DislikedI want to see if it breaks and manages to stay above 1.2927. Just before leaving the arena, London proved that they are serious about attempting at 1.3000.Ignored
DislikedLOL. Sometimes if pa fails to break a level during peak liquidity, it keeps on crawling towards that level, two pips up one pip down............. and before you notice, you find it smiling at you from the other side.Ignored
DislikedAh but it got to where I was looking for it. I actually felt it might hit 1298 before going down but that would invalid the wave counts. I'm just waiting for it to come up higher and get me into a short position before I go sleep. Don't wanna miss out on a 100+ pip drop if it happens.Ignored