I use the 50 because more traders are using it. Supposedly
Some use the 89 because----- I do not know!!!
Cut your Losers short and let your Winners run.
Super Simple System for Scalping 178 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Super Simple System 314 replies
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
Disliked+ 50 pips. All the info is on the charts. 1 Hr with 15 min confirmationIgnored
Disliked+66 on EURUSD short, total with other pairs just above 110.
The problem is, I can't persuade myself to let the winners run. I should of totally take more.
Question: how do you best traders persuade yourself not to close a winning trade?
BRIgnored
DislikedI took the same trade on the H1 on a cross of the 200 EMA....also for +50.....nice trading.Ignored
Disliked+66 on EURUSD short, total with other pairs just above 110.
The problem is, I can't persuade myself to let the winners run. I should of totally take more.Ignored
Dislikedeventually you can stop taking partial profits and enjoy the benefit of all the money.
Alternatively. You could back test your trades and see how many times your target would "actually" have been hit, would it really??? "Knowing" really helps to focus the mind.Ignored
DislikedI personally disconnect the mouse, after I have placed a trade and give it to my wife to hide. But then I found I could call the broker and have him close the trade early. So I had to give my wife the mobile phone as well as the mouse. After doing this for a while I eventually got out of the habit of closing my trades early.
I am not being sarcastic!!Ignored
DislikedSeriously. I suffered with the same malais for years. Have you ever tried to give up smoking or women, I do not recommend doing both together, for some it is a very difficult thing to do even with the help of artificial aids. In the end "you" have to decide to give up, it is not easy. I eased the path by taking partial profits if I thought I might lose out, this means you might make a little less money, to start with, but you get in the habit of leaving your final target where it is, eventually you can stop taking partial profits and enjoy the...Ignored
DislikedAs always great trade Dee!
Here is to 15M chart to complement Dee explanationIgnored
DislikedHI Muni
Your 61.8% and confluence of the 138% extension and prior S&R, and Double top with divergence on the 15 min. Entered prior to the hourly signal at 1.3020 my TP has just been hit at 1.2950 which was the 78% retracement of todays low to high.
PS. Nice trade Muni. I need to try and get my charts as clean and uncluttered as you and Rick, I´m better than I was but I still have a ways to go.
PS. Do find the Pivots usefull?? I am not sure if they are more of a hindrance, what do you think?Ignored
DislikedThis was on another thread posted by a chap called roulette.
"I performed a pivots review of EURUSD (actually I performed this analysis for all markets I trade) for the period 10/15/2002 thru 9/28/2012 (so about 10 years) and discovered the following:
~The Low <= S3 5.56% of the time
~The Low <= S2 16.56% of the time
~The Low <= S1 42.60% of the time
~The High >= R1 44.97% of the time
~The High >= R2 18.27% of the time
~The High >= R3 7.19% of the time
What does this mean to me?
Shorting below or near...Ignored
DislikedJust entered on hourly signal. I have been out all morning just returned in time for this signal, stop is B/E +6 have taken 50% off for +25, not sure this has got the legs to reach my final TP.
Is anybody there???
Knock once for Yes twice for No
Edit. Just got stopped at my B/E, Not surprising really, bounced off the 50EMA which was resistance earlier today and the 50%fibo of yesterdays high todays low. Some pips better than no pips.Ignored