DislikedIMO it makes no sense at all to follow ANY sort of methodology. There is no trend, there is no breakout, only the reality of your decision.Ignored
Today's BO trade.
As the lights go by so too do the shadows move
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DislikedIMO it makes no sense at all to follow ANY sort of methodology. There is no trend, there is no breakout, only the reality of your decision.Ignored
DislikedMasterMind Thinking {quote} There is not 1 good reason. There is not 1 good excuse. That when a trade is in good positive profit... that for some ungodly reason, you have to close it with a negative loss. Gann's retracement level is at 50%. If it retraces over 75-80%>>> GTFO!!! Or you can commit all the trading sins available to man: Pray and hope that it will turn around Increase your Stop loss to provide more room Re-analyze everything to support your beliefs and dis-beliefs Re-enter as you try to catch the falling knives Hedge it Close...Ignored
DislikedIMO it makes no sense at all to follow ANY sort of methodology. There is no trend, there is no breakout, only the reality of your decision.Ignored
DislikedIMO it makes no sense at all to follow ANY sort of methodology. There is no trend, there is no breakout, only the reality of your decision.Ignored
DislikedSo, the top red arrows showing I did a long and cut loss, the bottom arrows showing I did a short and cut loss. Then finally last candle breakout and I did a long trade, start earning money. The problem is, on market swinging like the one I highlighted, how to avoid lost? Or, how do I know if it's ranging? I have been testing ADX and seems not useful at all. {image}Ignored
Disliked{quote} "There is no trend" - This is a true statement. Trend is subjective. Two traders could disagree. "There is no breakout" - This is a false statement. Breakout is objective. Price either stays between two levels or it breaks out of one of the levels. Two traders would always agree. "only the reality of your decision" - IMHO, only the results of your decisions. Your entry and exit decisions.Ignored
DislikedCould one say that trend was dependent upon time? Define trend time, then trend is objective. {quote}Ignored
Disliked{quote} I only see one arrow on your chart that is a breakout of a range, and if you'd applied an adequate stop, would actually be in profit at the time of the screen capture :-) In essence, the first swing (yellow arrow) sets up the range. {image}Ignored
DislikedCould one say that trend was dependent upon time? Define trend time, then trend is objective. {quote}Ignored
Disliked{quote} the first swing (yellow arrow) sets up the range <- It only setup upper bound of the range but not lower bound, but I will observe a bit more, good catch for this as I didn't notice first swing up would create a range.Ignored
Disliked{quote} "There is no trend" - This is a true statement. Trend is subjective. Two traders could disagree. "There is no breakout" - This is a false statement. Breakout is objective. Price either stays between two levels or it breaks out of one of the levels. Two traders would always agree. "only the reality of your decision" - IMHO, only the results of your decisions. Your entry and exit decisions.Ignored
DislikedJust to show it's not all pretty, I got faked today. With H&S AJ broke structure/hrly 200ma TL on the downside. Pre-Franky forced it back up but I wasn't worried at this stage as this is norm. However at this point EA broke major 4hr support and this sent my trade down the tube. I have traded the EA BO however and I will be looking to pick up the loss. {image}Ignored
Disliked{quote} which BO EA are you using?! Also, couple bars back you see one swing up, one swing down, that indicates price will move both direction with uncertainty situation.Ignored
Disliked{quote} The st swings are with LL's and LH's. I am also looking at larger TF where the current swing is on the downside. EA= euraud I have exited EA with only at my 50% profit level (1:1 trade) due to the 4hr 200ma being hit right on the 1.5600 level. Am looking at perhaps re-entering AJ.Ignored
Disliked{quote} Sorry I don't get it. So the trend is coming down, there were two false breakout before, and how do you enter the market again like that? What time frame are you using?Ignored