Look for reasons not to take a trade.
- Post #10,062
- Quote
- Edited 10:42am Jun 20, 2012 10:03am | Edited 10:42am
Look for reasons not to take a trade.
- Post #10,063
- Quote
- Edited 10:29am Jun 20, 2012 10:18am | Edited 10:29am
- Joined Jan 2010 | Status: Member | 1,188 Posts
Lets see if it can reach the target
,i have done the same trade.doing video will post that later.
here is the yesterdays one trade
Inserted Video
- Post #10,064
- Quote
- Edited 1:55pm Jun 20, 2012 10:36am | Edited 1:55pm
hah hah hah
,i have done the same trade.doing video will post that later.
here is the yesterdays one trade
https://www.youtube.com/watch?v=fwyB...c&feature=plcp
It's nice to know that I'm on the right track
Look for reasons not to take a trade.
- Post #10,067
- Quote
- Jun 21, 2012 7:27am Jun 21, 2012 7:27am
- Joined Jan 2010 | Status: Member | 1,188 Posts
hah hah hah
,i have done the same trade.doing video will post that later.
here is the yesterdays one trade
https://www.youtube.com/watch?v=fwyB...c&feature=plcp
today took 1 long trade will post that when i can.
good luck
Inserted Video
- Post #10,068
- Quote
- Jun 21, 2012 11:38am Jun 21, 2012 11:38am
here is the yesterdays one.two trades.
today took 1 long trade will post that when i can.
good luck
http://www.youtube.com/watch?v=b_-r-...yer_detailpage
With my trade I was thinking the Supply was absorbed already at that point and was waiting for about 40 pips profit after slight pull back. Well, you know what happened:-) Was trailing with 10sma. Stopped out +8. I noticed that it's not very often I can get more than 20 pips per trade. And thank you for reminding about trading with Impulsive waves only. I tried Sam's way trade today and got stopped out. Very tough to trade against the trend. No need at all.
Alec
Look for reasons not to take a trade.
- Post #10,070
- Quote
- Jun 21, 2012 1:04pm Jun 21, 2012 1:04pm
Moved stop to BE too soon. Stopped out and missed all sweet entries with the trend.
Played against the trend. One down, one up. Very frustrating.
Here's some tips to avoid some bad CT trade.
Look for bigger TF impulsive-corrective cycle.
H1 & H4 will provide good clue what's going on in the bigger scale.
H1 & H4 candle will respect zone (support, resistance, supply, demand, fib, MA,etc... whatever we call it) much better than lower TF candle.
Besides, bigger TF impulsive-corrective means more pips, this will enchance our RR better. Small stop, big reward.
Okay, so how to avoid some bad CT trade? Look at EU H1 chart below.
We can see where the impulsive move headed. By the time H1 chart printed that PB (marked by red arrow), we should be aware of impending impulsive move waiting to be played out.
Be careful while doing CT trade if you see bigger TF impulsive move nearly played out.
How to enter CT trade more confidently? Reverse the concept & and you'll get the idea.
I hope it can help you Alec. Good luck with your trading
- Post #10,072
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- Jun 24, 2012 10:47pm Jun 24, 2012 10:47pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- Post #10,074
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- Jun 25, 2012 8:36am Jun 25, 2012 8:36am
- | Joined Nov 2011 | Status: Member | 141 Posts
- Post #10,075
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- Jun 26, 2012 6:40am Jun 26, 2012 6:40am
Impulsive > Corrective and Pin entry at my lunch time
Rule is rule. Didn't take it.
Rule is rule. Didn't take it.
Look for reasons not to take a trade.
- Post #10,076
- Quote
- Jun 26, 2012 7:24am Jun 26, 2012 7:24am
- | Joined Nov 2011 | Status: Member | 141 Posts
Impulsive > Corrective and Pin entry at my lunch time
Rule is rule. Didn't take it.
Didnt take that as well. Not much god setups today. I got only two.
NZD/USD long and EURGBP short. Both open. Lets see what happens.
- Post #10,078
- Quote
- Jun 26, 2012 11:13am Jun 26, 2012 11:13am
stopped at BE and falling nicely without me
Look for reasons not to take a trade.
- Post #10,080
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- Jun 27, 2012 5:48am Jun 27, 2012 5:48am
- | Joined Nov 2011 | Status: Member | 141 Posts
... focus strictly on Impulsive corrective moves.
