MY telegram channel: https://t.me/tnavieurusd
- Joined May 2009 | Status: Everyday i learn from the market! | 1,775 Posts
MY telegram channel: https://t.me/tnavieurusd
Consequence of Getting revenge on the market 11 replies
Any Consequence for having too many successful traders? 25 replies
My GBPJPY Trading Journal - Trading from level to level 23 replies
Unexpected consequence of US debt downgrade? 0 replies
Stop loss level dependant on risk level? 2 replies
Disliked{quote} congrats.. but your ignoring the EL's.. in the long run it will hurt you.. just a brotherly adviceIgnored
Disliked{quote} i dont understand u. if i take the other side of the confirmation how SL and i wait to price breaks the last top, where is the problem? {image}Ignored
Disliked{quote} sorry for my horrible english i try forgive the SL... why i entered badly?Ignored
Disliked{quote} sure.. so it is at least half the time.. the question is what are you going to do about it..Ignored
Disliked{quote} haha, yeah you are probably right. Good defense is what is needed. I've been struggling a bit with that today. I'm unsure whether I should exit immediately after there is some hesitation or to give it some more time. Out of my 7 entries, I've only managed to defend 2 properly. The 3rd one happened to be the only runner we had today.Ignored
Dislikedmy current chart with trades and exits.. ignoring the 1st trade which is still running.. i totally f-ed up that one.. even if i BE that one is a disaster. but the other 5 trades where all of them turned to be a FO.. but the net loss between them all is 10 pips.. for avg loss of -2.. that's the kind of defense is needed to get by terrible days like this when its moving horribly.. the one clean buy winner earlier would have easily wipe that, which i missed, lol.. so not a great day for me.. but still i am ok if i defend as such.. and wanted...Ignored
Disliked{quote} My performance: 8 trades, 1 win, - 6 pips for the day, all is possible.Ignored
Dislikedmy current chart with trades and exits.. ignoring the 1st trade which is still running.. i totally f-ed up that one.. even if i BE that one is a disaster. but the other 5 trades where all of them turned to be a FO.. but the net loss between them all is 10 pips.. for avg loss of -2.. that's the kind of defense is needed to get by terrible days like this when its moving horribly.. the one clean buy winner earlier would have easily wipe that, which i missed, lol.. so not a great day for me.. but still i am ok if i defend as such.. and wanted...Ignored
Disliked{quote} hi fxempire, what is the best defense to do when the price move fast enough against you and not able to exit quickly? do you wait for the next pullback to lessen the damage or you just accept the losses as it is and move on? will appreciate much your answer. was able to do good defence yesterday but today seem so difficult.Ignored
Disliked{quote} great question.. valid concern This is the hardest situation to defend against.. I would not accept the loss right away.. but right away i would consider such a fast move against my position as a real threat.. so.. I would look to exit this on the same candle with giving it one chance of resume and make out for small loss.. if it does not give me that.. then all there is left is to see if it pulls back like saying it yourself and even settle for larger loss than normal 3-5 pips. now why i would not accept the loss right away on a fast move...Ignored
Disliked{quote} yes of course it help much, exactly what i want, being panicky will prevent much loss but might miss the ride if ever it will continue in my direction. i now prefer for a bit more loss and wait for the next pullback if exit is really the right defence. thank you so much.Ignored
DislikedOut @ 0.1 Price stalled. Today so far: -0.2+0.2-5.2+10.6-5.3-5.2+0.1=-5 {image}Ignored