Damn!!...........that is frustrating especially if you lose your money. Because you spent your time starring at the charts and in the end you lose your money.
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
Closed short @162.50 
Entering long as setup trade 162.50 got it @162.47
Entering long as setup trade 162.50 got it @162.47
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
Phase 2 long success exit @.58
Will look to re enter long @ 5M 144LWMA around 162.30
Will look to re enter long @ 5M 144LWMA around 162.30
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
Some sorry soul decide to make some easy money by cutting off & stealing phone cable in just 50 meter from my house and cut me off my trades in the middle of the trades ..... Good for me, I had my friend set SL & TP on my trades which pays me well above my normal target.
which pays me well above my normal target.
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
Alaykum Salaam.
Its Syafi not Syafie...
1. if the price still going down/ Up high against our position. what should we do ? cut off or Hedge ?
I hate cut loss, I don't believe in hedge., every time I cut my losses, I found out that was the worst price to get out therefore I adapt to new system to have a new order in the usual SL place, so I usually have another order to get in nhe market on whichever direction I initially had, which would give me a better average price. thats just me, and M and few others. BUT SL would be really good if you cant handle watching a big Drawdown on your account.
2. determine go long or short is depend on daily Tf ? or Hourly TF ?
I learn from North Pro this simple system which works well for last week !
Call my 3 year old son and ask him if the chart goes up or down ..
Up = Buy, Down = Sell because aparently the kids can see the trend better then our trained eye.
3. if Price not going below 70 pips and going more than 100 pips is still good setup ?
I still think if the price goes more then 70 pip and retrace more then 30 pip it would be a good trade. what i found is that, usually a really GOOD setup has less then 30 pip retracement before continuing on its breakout direction. so I would love to enter early on but it could result in higher Drawdown.
Both has its up and down, its really up to you to decide how you like it.
Its Syafi not Syafie...
1. if the price still going down/ Up high against our position. what should we do ? cut off or Hedge ?
I hate cut loss, I don't believe in hedge., every time I cut my losses, I found out that was the worst price to get out
therefore I adapt to new system to have a new order in the usual SL place, so I usually have another order to get in nhe market on whichever direction I initially had, which would give me a better average price. thats just me, and M and few others. BUT SL would be really good if you cant handle watching a big Drawdown on your account.2. determine go long or short is depend on daily Tf ? or Hourly TF ?
I learn from North Pro this simple system which works well for last week !
Call my 3 year old son and ask him if the chart goes up or down
.. Up = Buy, Down = Sell because aparently the kids can see the trend better then our trained eye.
3. if Price not going below 70 pips and going more than 100 pips is still good setup ?
I still think if the price goes more then 70 pip and retrace more then 30 pip it would be a good trade. what i found is that, usually a really GOOD setup has less then 30 pip retracement before continuing on its breakout direction. so I would love to enter early on but it could result in higher Drawdown.
Both has its up and down, its really up to you to decide how you like it.
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
New Day New Week, New trades to be taken, New cash to withdraw at end of this week .
.
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
Yes you are right M, it was a good setup regardless.
and now for this week ......
From what I see,
The short Term DownTrend is over Last week on Thursday.
From Friday, we start a new circle for UpTrend.
Will use larger lot size on Long Setup and half lot size of Short Setup,
and now for this week ......
From what I see,
The short Term DownTrend is over Last week on Thursday.
From Friday, we start a new circle for UpTrend.
Will use larger lot size on Long Setup and half lot size of Short Setup,
