Italians Trade It Better

AB=CD
Dopo un movimento sostenuto e una gamba di ribasso me un ritracciamento di 0.236,0.382,0.618, la successiva gamba di ribasso è almeno dello 0.618%, nel 90% dei casi del 100% e spesso in estensione al 1.236,1.618%.
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Interessante. Prima o poi approfondirò sicuramente le tecniche di Fibonacci.

Per adesso mi sto concentrando sulla Price Action.

100% e 618
Forte cluster di supporti.
Probabilmente domani vedremo un rialzo.
Per me PA e Fibo sono complementari e inscindibili

Complementari possono esserlo, inscindibili di certo no.

So guyz, I keep studying every given day.

In these days I've added another important piece of the puzzle.

I'm beginning to think that one of the most important thing that separes best traders from the rest, is the ability to manage the losing trades.

I could be wrong, I absolutely know, but I think it doesn't matter how good you are, sooner or later you'll take some trade at the wrong time. I'm working on this aspect of my trading, and even if I got back to demo, the results are very impressive, as you can see from the picture.

I never had a week like this, with no stop losses. And I got no open positions.

Great things are coming.

Sorry man, I was wrong, still got one losing position on EURUSD.

I will fix it next week

Filostro, sarebbe meglio se postassi in inglese, per poter dare a tutti modo di comprendere i post.

Ok
I see a H&S the right neckline of which has been rejected two times and now was broken.
100% APP of the recent Swing down brings to the LL of 2001 that seems to me a strong and attractive cluster,
The text of the previous chart was:
Demand zone at 1.17/1.15 has been faded. Next demand zone at 1.090/1.080.
Va bene così?
Un caro saluto a tutti.

Perfect

And the streak continues.

Not a great day, but still got no losses.

33 straight winning trades.

And I'm doing this with the worst commission ever! 3.0 pips on EURUSD!

Quick update: 34 straight.

A small profit just taken on GBPUSD.

This spread is waaaaay out of my league.

45 straight.

Still got open hedging positions on EURUSD.

New demo account, 1 pip spread on EURUSD.

So...

Back in real, trading small portions of lots with my account. In the last two weeks I refined my technique and worked on some strategies.

It's really important to always have a plane, both for entry and exit. Our strategy must contemplate every possible scenario.

I feel much more confident.


TRADING RULE N°1: Always have a strategy.

We're done for today:

60 pips of gain.

27 pips of negative floating.

+33 net pips today.

The great thing is that the results of today are the product of a first wrong trade . Instead of cashing a loss of 15pips I turned over the situation and gained 60.

TRADING RULE N°2: Learn how to manage losing trades

There are a lot of concept we all know, but just a few of us really understand.

During last months, I do understand the importance of react instead of predict. I used to make lots of predictions, and paradoxically I did lose money even if they were 70/75% correct!

In last weeks I started react. Just this. Got a plane, then watch and react. There is no space for prediction, as the only thing we can know is the past.

TRADING RULE N3: Stop trying to predict the market trend, just read and react.