Awesome RP! How do you manage to stay in trades when a trade seems to go against you but eventually works out.Does that come with experience and discipline? I freak out when that happens(arrows in the charts)(Even if i know the rules of staying and exiting a trade)
Nice trade Dwe, I rarely trade any chf pairs, since I got burned by the SNB currency manipulation.
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Hi Rocky, thanks for sharing.
Question: could you elaborate how you got burned on the CHF black swan, was it broker gap? Read some traders got even charged with negative balance.Apparently some are still fighting on court to protect their houses (and shirts, ) tks. in advance.
Hi people.Have just closed a gbpjpy sell for 33 pips.
I just decided to get out before any retracement in case price reverses(price approaching previous swing high) ...
I would question the validity of the longer tl you drew especially the second chart, when trading against the trend you need to be aggressive. In both cases you could have entered after price broke down thru cloud and those trades would have been probably a b/e on first one and decent profit on the second.
I did not get burned on the major manipulation that snb screwed many with, but they had pulled similar things in the past so I started staying away from the chf after
getting hit for $600 loss where my sl should have been $100.
Hey gbdaja, I would question the validity of the longer tl you drew especially the second chart, when trading against the trend you need to be aggressive. In both cases you could have entered after price broke down thru cloud and those trades would have been probably a b/e on first one and decent profit on the second.
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Thank you for the reply.
I did see that when i uploaded the pictures i was maybe a bit late to the party so to speak.. So thank you for confirming that. It is hard to see things clearly when you are trading a lot easyear to see after the fact but i am learning thansk to you.
I did alsow see that today all the NZD, CAD and AUD were to strongest and moves were not that big.
Nope no trades wasn't in the mood slept late instead, tomorrow is another day. Firm believer that if your mood is not right stay away from trading. So today sinus headache, doesn't promote discipline or concentration.
Nope no trades wasn't in the mood slept late instead, tomorrow is another day. Firm believer that if your mood is not right stay away from trading. So today sinus headache, doesn't promote discipline or concentration.
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I had the same problem we still have a strong winter so i am not so well but i saw that there was a lot of movement in the pairs and decided to try.. An obvious mistake. I have to adopt you believe about that.
These are my trades for today.. Your tip on getting in aggressively paid of got 80 pips. I did go out a bit sone but i had to step away from the pc so i just set TP for all of them and when i came back they alredy hit about 5 min..
Red is SL
Yelow is entry
Green is TP
These are my trades for today.. Your tip on getting in aggressively paid of got 80 pips. I did go out a bit sone but i had to step away from the pc so i just set TP for all of them and when i came back they alredy hit about 5 min.. Red is SL Yelow is entry Green is TP {image} {image} {image} {image}
Tnx... After all the head banging and trying to figure these out i am starting to get it and it feels great!
So i have to say agein a big THANKS to Rocky!!
Trading with range bars ichimoku cloud & awesome oscillator
