Hey, Hey HEY
wheres the 200Ema playing today?
wheres the 200Ema playing today?
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DislikedHi ya Gibril..
Sorry for asking a bit more of this question but could you please draw a picture explaining this as the picture I've added shows a re-touch with a nice down move of 10ema..
Sorry for asking of this but I keep getting Emmanuels answers wrong and now I'm getting yours wrong, feeling a bit lost here
Cheers,
AdrianIgnored
DislikedHi,
changing your chart candle colours may help. LOL.
colour do influence your brain waves.
regards,Ignored
Disliked[left][left]2) Identify your Daily TARGET.
[font=Calibri]Another way to decrease emotional stress is to set a daily target. You need to set up a kind of limit, let’s say 20 pips a day, and as soon as you make these 20 pips you close your terminal and forget about it till next trading day. This kind of approach can be very useful, because you limit your time in front of the charts, thus you reduce emotional pressure. Besides profit limits you should also have limits...Ignored
DislikedJust to share the chart, Took a long trade on AU, +12 pips, I tp before it hit the 800EMA.
Thanks for all the Masters Guru here.Ignored
DislikedHi ya Gibril..
Sorry for asking a bit more of this question but could you please draw a picture explaining this as the picture I've added shows a re-touch with a nice down move of 10ema..
Sorry for asking of this but I keep getting Emmanuels answers wrong and now I'm getting yours wrong, feeling a bit lost here
Cheers,
AdrianIgnored
DislikedConstant viewing of the chart becomes like a drug... You become tired, harassed and start making mistakes…
[color=black][font=Verdana][size=3]Constant observing the profit/loss in any open position makes you feel now satisfaction then disappointment. And as prices change very fast, as a result, you will be very tired (worn out) with all these moral affections. And further come mistakes: you see entry signals in those places where there aren’t any, you start to feel as “it seems…”, you close...Ignored
DislikedHi Sleewc,
That's a risky counter trend trade lots of resistance above. You've exited at the 80 EMA and not the 800 ema.
I don't know how much of the thread you have read but it's important to study and practice your eyes.
Look at the 15m, 1h, 4h and daily charts together on one screen this gives you a better idea for how the different emas interact.Ignored
DislikedThis is CT............normally I don't take this kind of trade, as I'm newbie.
But learning from Post 14,293, to do CT. I must see Price must be below60M TF 10EMA
Better still if you have Price below 240MTF 10EMA.
Therefore, the first move down does not indicate short setting YET. It's a kind of test.
We have to wait for price to break 60M 10EMA.
Please visit the above post to get some idea what i'm trying to tell because my english is terrible....Ignored
Disliked[left]2) Identify your Daily TARGET.
[left][font=Calibri]Another way to decrease emotional stress is to set a daily target. You need to set up a kind of limit, let’s say 20 pips a day, and as soon as you make these 20 pips you close your terminal and forget about it till next trading day. This kind of approach can be very useful, because you limit your time in front of the charts, thus you reduce emotional pressure. Besides profit limits you should also have...Ignored
3) Decrease your lot size by 5 times!!!
I think this is the most working and effective way. It may seems that it is not so significant and one can ask the question: “Ok I will decrease my lot and what happens next??” The answer is: “YOU will see it by yourselves” this method works like a charm, as soon as you decrease your lot by 5 times, all mistakes related with emotions will be vanished. Logical explanation of the position, following the system rules and signals, timely close of the position – all these things will come to you as soon as you decrease your lot size
And why does it work like this??? The point here is that you stop thinking and worrying about the financial side on the issue and concentrate your mental activity on ‘right trading’. In my opinion you should not go to demo account, if you already trade with minimum lot go to cent account and decrease the lot size!!!
So That is all I wanted to tell you guys today, do not take all these things as MUST do, all these things are just my advice, but these things are proved and they work.
Thank you and regards,
Roman.
Dislikedafter 2 strong bullish D, we look for retracement scallops .... but how deep is retracement?Ignored
DislikedHey Orko I have a few thoughts on this.
I used to use a daily target but I don't anymore. I found it was not a good idea for me. It caused me to feel like I "needed" to make a certain amount of money everyday. If I didn't meet that target I would force trades in an effort to do so. I would also close out trades way too early once I met my target and lost a lot of pips because of it.
Now the loss limit I agree with 100%. For the same reason. If I lost a certain amount I felt I needed to force trades in order to make up for it before I went to...Ignored