DislikedThanks for your reply.
I can see that most of the time you're right, so this is a valid method for you ... but I think for a newbie can be the most direct way to ruin ... LOL.Ignored
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DislikedThanks for your reply.
I can see that most of the time you're right, so this is a valid method for you ... but I think for a newbie can be the most direct way to ruin ... LOL.Ignored
DislikedHi:
I'm long in EJ....
we'll see.
In profit at the moment...
Regards.Ignored
DislikedThe most direct way to ruin, newbie or otherwise, is to trade large vs size of account, focusing on how much money can be made rather than on being conservative and focusing on the trading method and market's moves.Ignored
DislikedI closed the trade on confluence of: FE 261.8 + mR1 + EMA 200.
Is it being a very good week for the sonic system? Or this trading method works so well.
After 3 years of trading failed ... Am I going from step 2, "Conscious Incompetence" to step 3 "The Eureka Moment"?
I do not want false hope in myself ... time will tell.
Now to keep learning.
Regards.Ignored
Dislikedi've a doubt about your trading method...
Is not average down a dangerous practice when you trade?
Thanks.Ignored
DislikedThat is a good question. Averaging "down" can be dangerous, just like trading forex can be dangerous. It is all a gamble. If you are wrong, you lose. If you are right, you profit. We all should realize that at any time price can suddenly move in the opposite direction, and keep going! But, if you still believe in your trade, and if you are right in doing so, then eventually the price will reverse again and come back, and move on as originally expected. And in that case, averaging down adds profits. Personally, I believe in letting a trade have...Ignored
DislikedI closed the trade on confluence of: FE 261.8 + mR1 + EMA 200.
Is it being a very good week for the sonic system? Or this trading method works so well.
After 3 years of trading failed ... Am I going from step 2, "Conscious Incompetence" to step 3 "The Eureka Moment"?
I do not want false hope in myself ... time will tell.
Now to keep learning.
Regards.Ignored
DislikedAm looking at the audusd .....its looking good for a sell i could be wrong TP at 0.9510Ignored
DislikedFolks, I recommend you not only re-read Basber's post, but I heartily recommend you think on it, REFLECT on it for awhile.
And how do you "try to be a better trader"? You must be willing to ponder on your losing trades....why did you enter?.....was it the proper time to enter, or were you too impatient to trade?....what went wrong?....what should you have done at that point that you didn't? These type things and more, you must be willing to rethink. In the end, you will come out with certain "trading flaws" common to most of your losing trades....Ignored
DislikedYes, TAH trades with small volume that gives him the advantage to average the position higher or lower. Yes, it's a MM and it's what he feels comfortable in it ... But there is one point that is missing here.
There are many pro traders that believes "Losers Average Losers" and they don't believe in "Lost Average", what TAH is doing in the first look. I may add to my position, but I have solid SL with no larger than 3% risk.
The point is, when the ones who is losing average their position with high risk, they take very very small profit...Ignored
DislikedYou might have been right to close the trade when you did, but this is how I am seeing it. PA found support around a half number (blue line). It has since run up to the next half number. But here it is consolidating, preparing for another leg up where it will next find resistance at the next whole number up (red line). It could go higher, but here would make a good average range day; about 150 pips.
So, I have ignored all but the basic PA history in setting the TP.Ignored
DislikedI agree with you ...
If I can ask about your MM .... What % you risk on each trade?
How do you calculate if you are using a mental stop is often not respected?
Sorry for my bad English ... I hope my question does not sound offensive ... I'm trying to learn your way of trading.
Thanks in advance for your help...
Regards.Ignored