I understand you very well, with exit I have still also problem. One hard thing is an entry, maybe more harder is exit, because many trades are +5 ÷ +10 then BE, but sometimes it runs. For this I usually use 2 positions, one I cut +5 ÷ +10 and 2nd I try let it run, but still for me very hard. As matmomoto once told me, It needs a practise. So I hope to improve it over time.
PS. And this is reality in trading. ... source and more HERE
I had only a little time for trading today... first entry - div and bounce from s&r -BE....but after that I saw div and bounce from BRN - loss, but took again... I often see two possibilities trades at the same time. This is a big problem for me.
GM, just shorts, trend continuing, hid. Div + BRN break, sometimes 20 minutes is enough
Edit: added another trades, in last trade there is nice to see when it runs to the planned exit
1st +10+7; 2nd be; 3th +7+30
PS: be careful about short around level 11832 ..strong support, we are there now 11836 (14:04 CET)
PS2: now 14:32 we have 11830, we will see, ...good long bias Div. is there but, but trend is strong .... I will not trade today any-more.
PS3: 16:00 CET index is still fighting with important support (added current Renko and daily images)
Congratulations Libo!!! You proved that MORE SIMPLE IS IMPASSIBLE hahaha. I hope I will find the time for regular trading soon and hope I'll have results just like You . Recpect for You and wish all good weekend!
- everyone should know, more then 85% of retail traders lost! ...logical truth;
- be sure, your opponent is very strong, you can't fight with him! Only to participle on his game.
- if you want to earn on Market, you have to be prepared for lost according chart above, happened me many times;
- you must to spend a lot of time on chart, me took 4 years almost every day ...still not done;
- be ready for big mental stress;
- don't pay any subscription of any system or signals, most of them sell traders, witch lost everything! Also I tried many times.... Here on FF you have a lot of materials and infos;
- don't try and don't buy any trading robots, no one works, I've tried a lot of them, only wasting your time, believe me, if it works 1 month, next 2 will not, the Market is not the same every time;
- don't overcomplicate it.
- the KEY and Holy grail is not depend on any indicator, systems, but on your knowledge (learn, learn and learn) and mainly on your MIND! (read books I recommend at link above). Of course, good system like here can very help you filter signals, also an experience of other traders.
I really wanted to give it up many times, however people like Dee50, Matmomo, Jupiter, Deltaone, FTI, Dutchy Daxy, they kept me in mental hope and believing, trading is possible. For my mind was also very good reading all Jupiter's posts, if you will understand him, you will understand yourself and much more.
For me personally is the best Matmomo's style, great man, great teacher!
It's not necessarily post here another stuff, everything has already here written and showed, however when someone will need, I like share you, what I can.
That's all, what I wanted to add :-) ...another piece of my journey
Maybe what I wrote will save you some time and money ... I hope
Hi, I was on holiday so I couldn't posting...thanks a lot Libo for everything! Your posts are very important for me like posts the others big traders from this thread. I am still learning so please, show Your charts if You find free time. I can't trade every day now but I hope it will change maybe on August/September and I will gain experience day by day. Thanks again and stay green!