Stupid short on YM -23, saw bear strength and just wanted to be in a trade! {image}
"Luck is when opportunity meets preparation"
Ratios & Harmonics: a Different Way to Trade
- #36,585
- Feb 5, 2018 10:15am Feb 5, 2018 10:15am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote}
- #36,586
- Feb 5, 2018 10:17am Feb 5, 2018 10:17am
Stupid short on YM -23, saw bear strength and just wanted to be in a trade! {image}
'The reason people don't reach their goal, is because they give up early, before reaching their goal. And whether you think you CAN or CAN'T, either way you are right.'
We will get there together, just keep grinding!
"Luck is when opportunity meets preparation"
- #36,587
- Feb 5, 2018 10:20am Feb 5, 2018 10:20am
{quote} Besides the jokes, sometimes it is just as important to NOT take a trade than to do. I myself struggle with that as well. Especially when I normally don't have a lot of time and when I do have time, I want to be in a trade left right and center... Still a long road to go, but we will get there, the question is not 'IF" BUT' WHEN'. 'The reason people don't reach their goal, is because they give up early, before reaching their goal. And whether you think you CAN or CAN'T, either way you are right.' We will get there together, just keep grinding!...
Wow! I've got some experience to gain.
- #36,589
- Feb 5, 2018 10:23am Feb 5, 2018 10:23am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
GBPUSD short Price hit the long term low and corrected deep. Thought there was good structure + 61.8% of the larger swing. Got a good rotation on 144 tick chart Not following through immediately. Starting to worry. Nothing I can do anymore. I'm trading into the longer term support area but have room to protect so took it .. {image}
That would take out my SL..
edit: sorry for the mess on some charts..
- #36,594
- Feb 5, 2018 10:46am Feb 5, 2018 10:46am
{quote} Damn man, I had th same entry, but second guessed myself because I thought that I was reading OF wrong..Nice one buddy! Closed at BE..
!Edit: looks like I left an easy 40 on the table, won't complain though. Alright I'm out
Wow! I've got some experience to gain.
- #36,599
- Feb 5, 2018 12:21pm Feb 5, 2018 12:21pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Kind of worried that the bulls might correct a 1:1 as indicated, because we are at the longer term support area. That would take out my SL.. edit: sorry for the mess on some charts.. {image}
Wow what a bad day.
Worst thing of all is that I stubbornly did not break a rule.
I didn't go to BE early, didn't get out of a trade, didn't move SL.
Had I followed my instinct, the loss would have been minimal in all trades, maybe I'd even be in profit for the day LOL
But.. still believe I did the right thing.
If the trade doesn't work out it's:
A) a bad entry, bad reading of P.A., (edit: or bad SL placement)
B) just bad luck
Follow rules. Period.
Giving all my January profit back to the market. You're welcome market
- #36,600
- Feb 5, 2018 12:24pm Feb 5, 2018 12:24pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} EURUSD Short - update Got taken out on trailing stop for +63 pips. Looks like lots of momentum to upside at the present time. {image}
