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Quoting fxrabbi
{quote} Weldone my friend, sitting on ones hands is trading system on its own. Happy trading, Yomi.
Thanks, I don't understand why I missed the earlier trade you took...
Quoting Go5
{quote} Thanks, I don't understand why I missed the earlier trade you took...

That trade is breakout trading, not our usual Retracement trading.




Happy trading,
Yomi.
Be Dumb and Follow Price
-15.4 on GU. Small retracement and broke TL but no follow through...

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Quoting Go5
-15.4 on GU. Small retracement and broke TL but no follow through... {image}

Haa! This is a late entry..........Your trigger (5ema -arrow) is paramount here and your entry should be the next candle after the trigger or not more than 2 candles after the trigger.

Please see the attached chart.




Happy trading,
Yomi.
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Be Dumb and Follow Price
Quoting fxrabbi
{quote} Haa! This is a late entry..........Your trigger (5ema -arrow) is paramount here and your entry should be the next candle after the trigger or not more than 2 candles after the the trigger. Please see the attached chart. Happy trading, Yomi. {image}
Thanks for pointing that out! Makes sense of course although I did not find this to be a hard rule so far...
Quoting Go5
{quote} Thanks for pointing that out! Makes sense of course although I did not find this to be a hard rule so far...

That is the joker to this trading system



Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting fxrabbi
{quote} That is the joker to this trading system Happy trading, Yomi.
As a matter of fact, when the trigger appeared, the CSM was not ok, so I waited till it was as per your post #256, but I shurely waited too long...
Quoting Go5
{quote} As a matter of fact, when the trigger appeared, the CSM was not ok, so I waited till it was as per your post #256, but I shurely waited too long...

Yes, you waited too long considering the present situation of the market now compared to what happened then as my post 256.

To be on a safer side, if the CSM is not giving you a go ahead to takes the trade, please don't wait more than two candles, otherwise let the trade go, another good setup will surely come.


Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting fxrabbi
{quote} Yes, you waited too long considering the present situation of the market now compared to what happened then as my post 256. To be on a safer side, if the CSM is not giving you a go ahead to takes the trade, please don't wait more than two candles, otherwise let the trade go, another good setup will surely come. Happy trading, Yomi.
Thanks! It's all about patience, that's for shure...
Quoting Go5
{quote} Thanks! It's all about patience, that's for shure...
Sure
Be Dumb and Follow Price
I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, "I just lost my money, now I have to do something to make it back." No, you don't. You should sit there until you find something.




Happy holiday,
Yomi.
Be Dumb and Follow Price
GU +20.2
Happy pips !
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EU +16.6
Happy pips !
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Quoting jimitele
GU +20.2 Happy pips ! {image}

Weldone, saw it, but still enjoying my holiday.




Happy holiday,
Yomi.
Be Dumb and Follow Price
Happy Easter Yomi.
Some unexpected news?
GU: -15.3
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Quoting Go5
Some unexpected news? GU: -15.3 {image}
What's the rationale for entering the trade?
Quoting Go5
Some unexpected news? GU: -15.3 {image}
I can't see the rationale for taking this trade, because your H1 - (DMI) is not ready for this trade at the time you took the trade.

See, this is what I do everyday:

"I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, "I just lost my money, now I have to do something to make it back." No, you don't. You should sit there until you find something." - PDF (Patience, Discipline, and Focus).




Happy trading,
Yomi.
Be Dumb and Follow Price
Csm ok, 5ema ok, Dashboard ok, Ichimoku ok, ADX/R ok, ADR ok, Abs.strength/DO ok, MACD ok, TL break on H1...
Must have overlooked something though...
Quoting fxrabbi
{quote} I can't see the rationale for taking this trade, because your H1 - (DMI) is not ready for this trade at the time you took this trade. See, this is what I do everyday: "I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, "I just lost my money, now I have to do something to make it back." No, you don't. You should sit there until you find something." Happy trading, Yomi.
Thanks, I saw the DMI on H1 but there was the TL break - so you don't use that bit?
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