Just a short post from a noob'ist TMS user.
Confidence is key.
Knowing your pairs is key.
Patience is key.
Execution is key.
I had a horrible day yesterday - took some heavy losses.
Back to TMS today, took 4 trades AT LO.
Here they are :
E/A (Just like Likica, and Ballistical i'm sure).
Took +30 at 1/2, +50 at the rest. Very nice trade, i think i exited early though. Pips are pips.
G/A.
Took +60, moved so fast i couldn't move my TP to 100.
E/J.
CLEAR PANIC TRADE.
Took of a M15 entry, put a tight stop, no clear TMS signal there. I panicked, exited early. I could have put a stop below the RN, and just play it along. Didn't happen. Took a loss.
G/J.
Took a FO short. Against everything i believe in, i just wanted to be in the trade. We all know Phx62's fact that FO is often a fake, and set the high or low for the day, and after the price changes direction and goes normal ADR.
Disregarded that, really wanted to avenge yesterday's losses, took another loss.
I'm up for the day about 80 pips. It's a good result, i'm closing my laptop. But if i just had discipline, i could have walked with a lot more pips.
Green pips to all, and i hope these rookie mistakes will teach me and everyone a lesson - not to make them again.
LATER EDIT : Can't wait to see 100 pip trades from the seniors !
Confidence is key.
Knowing your pairs is key.
Patience is key.
Execution is key.
I had a horrible day yesterday - took some heavy losses.
Back to TMS today, took 4 trades AT LO.
Here they are :
E/A (Just like Likica, and Ballistical i'm sure).
Took +30 at 1/2, +50 at the rest. Very nice trade, i think i exited early though. Pips are pips.
G/A.
Took +60, moved so fast i couldn't move my TP to 100.
E/J.
CLEAR PANIC TRADE.
Took of a M15 entry, put a tight stop, no clear TMS signal there. I panicked, exited early. I could have put a stop below the RN, and just play it along. Didn't happen. Took a loss.
G/J.
Took a FO short. Against everything i believe in, i just wanted to be in the trade. We all know Phx62's fact that FO is often a fake, and set the high or low for the day, and after the price changes direction and goes normal ADR.
Disregarded that, really wanted to avenge yesterday's losses, took another loss.
I'm up for the day about 80 pips. It's a good result, i'm closing my laptop. But if i just had discipline, i could have walked with a lot more pips.
Green pips to all, and i hope these rookie mistakes will teach me and everyone a lesson - not to make them again.
LATER EDIT : Can't wait to see 100 pip trades from the seniors !