Disliked{quote} This is what I have from my FXCM feed on TradeStation: {image}Ignored
I also wonder if that non-existing spike would have been able to take out a stop loss..
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Disliked{quote} This is what I have from my FXCM feed on TradeStation: {image}Ignored
Disliked{quote} Thanks Alex. Apparently the spike is now gone after restart of software. Don't know what happened earlier that caused the spike. I also wonder if that non-existing spike would have been able to take out a stop loss..Ignored
Disliked{quote} There is an NT option on the right click menu in the charts, i think its "Reload Data". Try that the next time it happens. Sometimes it happens in NT, fxcm or futures ( Mr. PIP has a video where it also happens )Ignored
DislikedTrade 3 of 20 USDJPY long. Expectation: Expectation was a little more difficult to read because of large swings in price due to high impact news events. For me expectation was a NSH in short term. Strength assessment in direction of expectation: Projection: strong Impulse of last swing: strong Depth: last correction was shallow Bullish strength 3 out of 3 I was expecting at least 1 more good swing up because of this There was a 1:1 harmonic completion in the large swing up after the NFP drop. The second leg of that 1:1 was also a 1:1 harmonic completion....Ignored
Disliked{quote} Hi Peter : A very nice step by step rules of engagement, the only problem is that ,with each trade that you explain, we just see a part of your rules....? is it possible for you to put all of the rules in one place ,like a pdf or word file so that we may all see what they are ,and if there is any other ideas ,so that it may be refined for use of all ...? Thanks for your good postsIgnored
Disliked{quote} Sure. It's just a list of simple rules, nothing fancy :-) Still in development so may change in the future. Wait until price gets into your AOI, with enough room to protect and good R:R. The standard reward is a 1:1 harmonic. Try to enter at least at 50% correction. That way you have at least a 1:1 when reaching structure, at the point you go to BE. If price arrives in AOI with strength, don’t take it. Not even if there is a very strong reaction in the opposite direction. You saw strength against you, that usually doesn’t just disappear!...Ignored
Disliked{quote} If price arrives in AOI with strength, don’t take it. Not even if there is a very strong reaction in the opposite direction. You saw strength against you, that usually doesn’t just disappear!Ignored
Disliked{quote} Thanks! Trading with max. risk of 20-30 euro, which is 2-3% of account.Ignored
Disliked{quote} Thank you so much Peter, seem totally reasonable, i try to remember your points from now on ,in my trading . Let me just add one more point , "Don't consider any swing a correction, unless it passes at least 38.6% fib level" ( i am referring you to your previous post which you divided a single swing up ,into two legs ,and this resulted in wrongly entering at lower fib correction and ,wrong SL location.) thanks again for quick response and perfect detail (You are a writer indeed...)Ignored
Disliked{quote} ... Let me just add one more point , "Don't consider any swing a correction, unless it passes at least 38.6% fib level" ( i am referring you to your previous post which you divided a single swing up ,into two legs ,and this resulted in wrongly entering at lower fib correction and ,wrong SL location.) ...Ignored
Disliked{quote} Hi : I thought one more rule that may be added is : If because of high sos and strength of flow ,you decide to take a trade at 38.6% correction , enter with smaller lot size (1/2 of your total acceptable risk), because of a bad R:R ratio, then the only place that you may add to a losing trade , is when it goes against your expectation and at 61.8% fib correction, with other (1/2 lot size ), to average the risk ,to more reasonable amount. I appreciate if other people, share their idea on this matter..., am i getting it right ?Ignored
Disliked{quote} May I ask, what broker are you using, did some digging and found out that only forex.com and FXCM support ninjatrader.. But FXCM needs you to put atleast 10k in the account to even use ninjatrader.. Something that has my mind going for a couple of days.. Really like your analysis.. Did more than a 8,5% return on friday alone trading the EURUSD 233 tick chart, really like it! Green pips to you sir.Ignored
Disliked{quote} This one is a bit debatable. Damian discussed it in his last live stream. I also had this as a written rule but it kept me out of many successful trades and there were also many times when I entered on what seemed to be weakness and I got taken out...Ignored
Disliked{quote} ... I'm not saying this to make you change your rule. I'm just sharing my thoughts on this.Ignored
Disliked{quote} ...I really like this...might as well add it to my plan before you charge for copyrightsIgnored