DislikedHi Moneda
Price might even confirm this for us shortly, my stop at 58. It's a very valid argument you are makingIgnored
Ok out at 58
Survive and Preserve
We all need pivots to win..yes or not? 13 replies
The System (Irony included) 1,175 replies
DislikedHi Moneda
Price might even confirm this for us shortly, my stop at 58. It's a very valid argument you are makingIgnored
DislikedOut at 58.5
+28.5
I am a little bit angry with myself and I will post a chart to explain in a few minutes.Ignored
Dislikedit doesnt matter that we didnt take the lot, as it could have well gone down for another 40 pips. we gave it room to breathe, unfortunately this one decided not to behave, nevermind, the next one might.Ignored
DislikedWhen price did stall at one place and loss momentum (speed) I did remember the words of Feb:
The moment you don't feel good about a trade, the market stalls, or simple, are just coming back against you… please... Get Out.
And I did so at 4638... Just my choice and decision... I try to not stay with clear cut rules... more with my feelings... and practice... But I have to work more and more about it...Ignored
DislikedBenkm,
I will respectfully disagree with you in this particular trade... If you had exited at the point that I suggested in my previous post, you would have given the trade over 20 pip of oxygen.. remember that FX has stated in the past that 30+ can be considered a runner...maybe is not as much as you would like but to let a trade loose more than 50% of its gain seems a bit too much for my taste... and you are correct regardless of the decision..there will be other trades... You can kill a person with too much oxygen to breathe
Good...Ignored
DislikedI'm still holding this guyz
I had my SL @ 4674 and it was not hitted, so once I saw that thing retracing so much, to be frankly, I said to myself... it is the same for me now 30 pips, than 15, so... let it be.....
Let's see...Ignored
DislikedBenkm,
I will respectfully disagree with you in this particular trade... If you had exited at the point that I suggested in my previous post, you would have given the trade over 20 pip of oxygen.. remember that FX has stated in the past that 30+ can be considered a runner...maybe is not as much as you would like but to let a trade loose more than 50% of its gain seems a bit too much for my taste... and you are correct regardless of the decision..there will be other trades......Ignored
DislikedMaybe this is also just a personal thing but, price stalling or exhaustion are very iùmportant points.
What i saw on the trade was 20 pip down candle and price having trouble to climb the wall of worry - this time it didn't break to the downside again - buit for me it was a good candidate to do so.
But I agree it is important to establish for one's self what constitutes exhuastion in a move or price stalling then take action on those feelings.
lasta again personal - don' tshoot the piano player please - but I also base things on where I am...Ignored
DislikedOk... following Paul's help (thanks very much indeed) I agreed with setting my SL above the Mini FCR formed at 56. My sl at 58.5. Got busted for 28.5.
But I was monitoring carefully everything and I detected a lower mini FCR that already gave me a TP signal when it was broken (see attached chart). That's why I am angry: I had to do what I thought it was reasonable.
However, learning to keep the runner alive is good and a process I have to go through. A few numbers: bearing my entry point yesterday and applying Paul's patience, I would have banked...Ignored
DislikedPaul,
. The triple top..I don't know what to call it....mini, minee, mo,... for me it was a matter of proctecting my profit and reloading.
Thanks for your commentsIgnored
DislikedJust look how many times the price visited the 4666 level .
At the beginning as a res. level , then support and lately res. again .
Could have been used as a Reverse point ?
Tks
DavidIgnored