DislikedYM - well I'm short at 25283 on 1:1 completion into the 76 fib of the larger swing down. This thing is really struggling to find direction though....Ignored
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DislikedYM - well I'm short at 25283 on 1:1 completion into the 76 fib of the larger swing down. This thing is really struggling to find direction though....Ignored
DislikedI think I’m done for the day. This week has wrecked me. Down 15% on my live account. I hope next week will be better. Have a good weekend everyone.Ignored
Disliked{quote} Notes for next week to myself... don’t trade before 9:30, don’t trade against the expectation even if you expect a deep correction (you’re awful at this just don’t do it), stop trying to call tops and bottoms, wait for that perfect rotation candle (be patient), if your expectation is for a NSH or NSL and it retraces above 78 fib you need to get out or create a rescue mission and start looking for trades the other way. Im writing the above in large bold letters sticking it to my computer screenIgnored
DislikedCame late to the charts and found only now this NQ Trade: +85 ticks. {image}Ignored
Disliked{quote} Most of that sounds like good advice to any of us, I don't understand the part about retracing to the 76 and looking to get out. Most of my trade setups retrace from a NSH(L), to the 61 or 76 before I even take the trade. I may not be understanding what you're talking about.Ignored
Dislikeddecent trading day today...4th trade was terrible and expected the correction. However i recovered all of yesterdays losses so happy about that {image}Ignored
Disliked{quote} Good tip. I will look at recolouring the main and drawing the 1:1 correction swing targets to ensure I do not trade the wrong direction again. It's been a tough week for me with the live trades. I practised for about a month with success before switching to live trading. I also used the Playback facility to check how my trades would have worked out . When I have traded live this week it has been like trying to ride a bike for the first time with the stabilisers removed. I have realised that I need to practice for longer and learn to take...Ignored
Disliked{quote} Im going to attach a screen shot. I should have explained more in depth. Ive only been trading this way since Christmas so I may be wrong. When I woke up this morning an hour before market open I could see we were on our way down so my mind was made that I would be looking for shorts. Since the second swing was very large and double the size of the first swing we should have gotten a small correction. I took a short at the 32 fib but as you can see price went higher and higher. It then closed a bit above the 78 fib. Buyers shouldn't haven...Ignored
DislikedHi guys. Update. Not that anyone was waiting for it but I don't want to just disappear. Well I blew a decent portion of my account two weeks ago. I tried to be brave and not let emotions dictate my trading. So I continued trading, kind of fearless and mostly with confidence. I blew another portion of my account. I started doubting my skills, or the fact that I have any. I explored more territory (fib extensions, trend lines and channels..) Not as substitute, but for confluence or additional possibilities. Traded demo. Went ok. I was excited about...Ignored
DislikedHi guys. Update. Not that anyone was waiting for it but I don't want to just disappear. Well I blew a decent portion of my account two weeks ago. I tried to be brave and not let emotions dictate my trading. So I continue trading, kind of fearless and mostly with confidence. I blew another portion of my account. I started doubting my skills, or the fact that I have any. I explored more territory (fib extensions, trend lines and channels..) Not as substitute, but for confluence or additional possibilities. Traded demo. Went ok. I was excited about...Ignored