DislikedCNBC is telling us that Euro hits new high now since Feb25. Hmmm what to do.Ignored
lets see
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DislikedCNBC is telling us that Euro hits new high now since Feb25. Hmmm what to do.Ignored
DislikedHey bro, you see, the above post, is the result i changed my trading plan. Same result once more. Szpowerx' rule, i will not change my plan on the fly.Ignored
DislikedStay to your plan. I am not here to sway you one way or the other. My only point was that FX is fast and you have to learn how to analyze quickly.Ignored
DislikedI am sorry if you lost any money. I was not indicating you had to but practice is what is needed to become better - typically on a demo account. I have a feeling that what you did was not analysis but more or less impulse. Practice on a demo. Stay to your plan. I am not here to sway you one way or the other. My only point was that FX is fast and you have to learn how to analyze quickly.Ignored
DislikedEnter 15, Out 28, not too bad, +13 pips i recall. I feel better i would insist on my trading plan. Not fly with the wind. So you see, my way is to stick on my plan, not to change it on the fly. To tell the truth, i don't believe it is a easy thing to change your plan on the fly. Since you guys said you can change as condition changes, i feel curious. I will return back to my way, stick with my plan. "I have a feeling that what you did was not analysis but more or less impulse. " How you feel this way? BTW.Ignored
DislikedI agree. Stick with what works. What I was talking about was modifying or trade management within your framework. If I am short euro and it is looking to change direction, I won't just watch it is the SL and shrug my shoulders. I will try and analyze my position. Trading doesn't stop once you put on your SL/TP. The way I think you are talking it is just randomly placing orders (fly with the wind). I mean actively analyzing your positions while they are open. If you are more comfortable placing an OCO (one-cancels-the other) on your trade and let...Ignored
DislikedThis idiot change his trading plan, idiot! Rule 1: Don't change your trading plan on the fly, either SL or TP hit. If kept it there, then this stuff TP2 hit now. I don't regret the profit, what i regret most is not following my rule. This would be kept in my trading journal. {image}Ignored
Dislikedholding so far.. we probably picked up some larger traders here. i have a small bear wave that if completed would go to 3148.. the mid at 3169.7.. #2 at 3124.7 #3 3110 #4 3097 #5 3092 #6 3089 #7 3084.9 #8 3065 #9 3059.8 #10 3037.8 not much to see here. #1 at 3048 is just a 52 pips retrace. that dont seem like much respect for 3197.. 3226 is a mid.. 3169lm, 3226m, 3283um between is a chop zone.. the chop zone is also where a high % of turns happen. mofus are mofus.Ignored
Dislikedthe little bull since the high would want 3226.. the flaggish formation 328x.. neither doing much atm.. the #1 bear is still 3148. below 3169 with closes may drop it some.. mofus dont care about the trend..Ignored
Dislikedmy friend, do not be harsh on yourself. i guess the reason you changed your mind is your leverage is high. for example, usually i use low leverage and 40-50 pip move does not mean much to me. you need to aim at least 100 pips. and road to this is through very low leverage. make tight stop losses and ride the surviving trades, 100-200-500 pips plus. your compass is daily and weekly chart. buy low, sell high, use stop loss, do not use take profit, let your profit rise. it very simple but to get there you need to learn a lot. i am at your level and...Ignored
DislikedLet's see what this does... my guess is send it back to the top.. https://www.tradingview.com/x/JEJMgKnQ/Ignored