[quote=Vnfx;6296882]Dear newbies,
I would like to share some of my trades on 14/12/2012.
GU H1. Sell after the red arrow (Arjun candle) but this is CT trade. And you see CT trade is not for newbies like me. Result: loss (-21pip).
EJ M15. Trade 1 & 2: sell CT trades. Result: BE lucky. And you see again this kind of CT trades are not for me.
Trade 3: A strong BUOB bounce off 200EMA. Is this Master Arun's text book trade with the trend of HTF? Result: +41pip.
As Newbies, we must stick to basic setup/bounce off 200EMA for surviving!
Cheers.
quote]
Hi Vnfx,
Good post and advice for newbies.
In trending market, counter trend trades are high risks. TIMING is very important.
Regards,
I would like to share some of my trades on 14/12/2012.
GU H1. Sell after the red arrow (Arjun candle) but this is CT trade. And you see CT trade is not for newbies like me. Result: loss (-21pip).
EJ M15. Trade 1 & 2: sell CT trades. Result: BE lucky. And you see again this kind of CT trades are not for me.
Trade 3: A strong BUOB bounce off 200EMA. Is this Master Arun's text book trade with the trend of HTF? Result: +41pip.

As Newbies, we must stick to basic setup/bounce off 200EMA for surviving!

Cheers.
quote]
Hi Vnfx,
Good post and advice for newbies.
In trending market, counter trend trades are high risks. TIMING is very important.
Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett