Disliked1st trade....LO on a day when banks were closed...took a smaller target....noticed a long trend from the Friday before....threw a fib on it and when it retraced to the 38 and reversed, I knew that leg 2 would equal leg 1 (ended up 2 pips different).....entry occurred right at LO.....traded accordingly....Today took a trade at LO based on PA......had some drawdown (17 pips) but stuck it out ....TDI had already crossed...closed for +31 on a pullback from what turned out to be the high of the day.....saw a subsequent test of that high and another pullback....entered...Ignored
- Post #8,881
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- Oct 11, 2012 12:59am Oct 11, 2012 12:59am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
- Post #8,883
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- Oct 11, 2012 2:22am Oct 11, 2012 2:22am
- Joined Mar 2007 | Status: Member | 7,195 Posts
- Post #8,889
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- Oct 11, 2012 8:03am Oct 11, 2012 8:03am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- Post #8,890
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- Oct 12, 2012 7:16am Oct 12, 2012 7:16am
- | Joined Oct 2012 | Status: Member | 14 Posts
- Post #8,892
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- Oct 12, 2012 8:51am Oct 12, 2012 8:51am
- Joined Jul 2011 | Status: Member | 7,784 Posts
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%
- Post #8,894
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- Oct 12, 2012 10:29am Oct 12, 2012 10:29am
- Joined Mar 2007 | Status: Member | 7,195 Posts