Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
102.9%
LIVE Trades Only : EURUSD & GBPUSD 122 replies
Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies
Trading EURUSD only 43,752 replies
Eurusd-5m Trading Only 109 replies
Script to change EA to long only/ short only at a price level? 1 reply
Disliked{quote} Personally i think you will get another chance, i think i left the trade too early with just that 5 pips. But im expecting price to retest the low and gonna be watching for 5min divergence on the stochastic there.Ignored
DislikedAta, I hope I'm not too out of topic (in case feel free to cancel it) but I think it could be helpful to many here. How do you improve discipline? Sometimes I maybe buy too early and I know it will go down a bit before going up. But how do you stick to stops loss even though your view is still the same? You accept it and open it again? You move it? Price turned in my favour, just 1 pip, but I didnt lock it. And it turned red again... After how many profitable pips you put stop to BE?Ignored
Long story short: You must have a solid plan/system first. Then you will work on your own statistics. And finally you will make use of your numbers at those crucial times where you are stuck in a drawdown and try to decide what to do next.
I hope it gives you an idea... because that's all I can provide.. Peace.. Out...
Stay Green
Disliked{quote} 1) "Discipline" must be connected to a "goal". If you have no goal then you don't need discipline.
2) If you have a goal (especially in Forex) that means it is connected to a "plan or system". Because without a plan or system any goal is just a "wish".
3) Now, assuming you have a "plan or system" and assuming you stick to your system 100%, the next step is to know your "Statistics": Speaking of your "winners": How much draw-down at MAX and at AVERAGE are you facing? Is it 10 and 30 pips? 20 and 50 pips? 50 and 80 pips? Whatever the number...Ignored
DislikedThat's logical and essential to have a plan . If you look at last week trend of some pairs you find out all indics suggested Up or down trend but suddenly trend went another way that with the best strategies you're not able to get it although there is a system that you can predict the trend of all pairs even before very strong or important news but even this plan needs patient and flexible till your prediction occurs of course, you can not find it here....successful in this market in long .Ignored
DislikedThat's logical and essential to have a plan or system for doing business or even our entertainment but I don't agree with solid plan/system esp. in Forex trading cause there are some factors behind this business which are out of even a very successful strategy or plan. If you look at last week trend of some pairs you find out all indics suggested Up or down trend but suddenly trend went another way that with the best strategies you're not able to get it although there is a system that you can predict the trend of all pairs even before very...Ignored
DislikedHi all I'd say sell. Two days red must be with a reason Down more likely than up - stocks, Brexit lies, US latest strength, Fed (not that dovish), trendline (jump under again!!!). Sell 1.1290-1350 for lower 1.12 1.11... Trade safe!!Ignored
DislikedThe AB=CD harmonic completed its Fib 61.8 retracement. That retracement has formed its own AB=CD harmonic. Price is sitting in a Support Structure Zone. It may retest the low before rallying to Fib23.6, Fib38.2 or Fib61.8. Structure Resistance Zone at Fib 38.2. Ignore diagonal lines from left to right, higher time frame analysis. I have no position, as I am anticipating a retest of harmonic low {image}Ignored