DislikedNatives getting restless it seems.
If C4 is your answer, then you have everything you need, Go trade it!!
Laborer, apprentice and master craftsman. Remember? As some feel they are MC's, then you need to show the experience and wisdom to go get what is right in front of you. You do not need me, you need you!
[b][u]That said, I am going to refocus efforts here for those who wish. Am going back to reliable C4 trades starting tomorrow. Primer, detonator and plunger. Nothing fancy. No commentary, just visuals. Am going for 20-30 pips daily, just...Ignored
I consider myself an apprentice. In this context, I would like to post three trades with my observations of what was right, what was wrong. My simple question is do you concur with my observations. What would you have done differently? Am I on the right track or am I missing something?
EURUSD: Shorted when Moving Average turned Red.
Profit: +10 pips
Lesson Learned: Trade was entered before TRIX confirmed. Should have waited 3 more minutes. Risk here is that price had hit the daily pivot and retracement (in general) is expected.
USDJPY: Shorted when TRIX gave second Confirmation.
Profit: +3 pips.
Lesson Learned: Should have held until profit stop was hit (10 minutes later).
Got out because of impending news. Could have taken trade on first TRIX confirmation but waited because price was coming off a whole number which generally means that it will retrace to the whole number.
EURUSD: Shorted when Price crossed MA.
Profit: - 19 pips
Lesson Learned: Trade was not confirmed by TRIX. Trade was taken near a whole number. Trade was profitable to 6 pips but held until it went unprofitable. MA was too "Flat". Should not have taken trade. Trade could possibly have gone profitable if stop loss wasn't hit but that is a big "if".