USD/JPY (m15) i was short 105.718 late entry, get stopped out -50 pips.
This is what happens when i don't monitor markets starting at 8:00 AM. If i don't respect my routine i take stops, i know this can looks strange but it's like that for me.
USD/JPY (m15) i was short 105.718 late entry, get stopped out -50 pips. This is what happens when i don't monitor markets starting at 8:00 AM. If i don't respect my routine i take stops, i know this can looks strange but it's like that for me.
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Can't understand your post. figures don't add up. Can you post a pic.
I know you have been posting a lot Ralffe but is there anyway yu could post your live trades after you already short or go long. That would be EXTREMELY helpful I think to all of us. I haven't been doing very well with this method as of yet. So maybe I making errors. 90% win rate is what I want too
{quote} Can't understand your post. figures don't add up. Can you post a pic.
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Notice that i have redrawed the trendline like when i taked the trade.
I entered short in the highlighted area, then i got stopped out. I was thinking in a change of trend, with confirmation, so i went long and i get stopped out again.
The thing that make me angry, is that my initial view was right, the stop was just too tight
I know you have been posting a lot Ralffe but is there anyway yu could post your live trades after you already short or go long. That would be EXTREMELY helpful I think to all of us. I haven't been doing very well with this method as of yet. So maybe I making errors. 90% win rate is what I want too
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Sorry mate I am not here to spoon feed live trades signals. At any given time there are hundreds of non member traders lurking on FF to scoop up free signals.
If they want signals they can pay for them.
Besides most of my trades are on the Daily so not much use to anyone on a daily basis.
{quote} Notice that i have redrawed the trendline like when i taked the trade. I entered short in the highlighted area, then i got stopped out. I was thinking in a change of trend, with confirmation, so i went long and i get stopped out again. The thing that make me angry, is that my initial view was right, the stop was just too tight {image}
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I found this methodology working well on very large time scale chart, but you can exercise with it on short time scale charts and expect many losses, certainly the winning rate is not gonna over 90%.
Also this methodology is as subjective as other strategy, but if you want it work consistently you have to stick to the rule and be very very conservative and patient.
1) when you enter the short there..you should think twice enter into a short position when downward trend has formed.. but still, it will be profitable if you stick with it..
2) you should lift your trend line at the top of the second wave and then you can avoid the false long break out.
but by the time when it happens, we don't know it was the top of the second wave or it's a break out signal. so that's why i said this is very subjective.
you can explain the situation either way..
That's where I'm confusing as well..
How to differentiate a false breakout and a good one.. it seems random to me..
{quote} Notice that i have redrawed the trendline like when i taked the trade. I entered short in the highlighted area, then i got stopped out. I was thinking in a change of trend, with confirmation, so i went long and i get stopped out again. The thing that make me angry, is that my initial view was right, the stop was just too tight {image}
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You will get a move like that every day. You gotta be Johny on the spot with lower time frames to recognize the mistake early & get out with minimal damage.
{quote} Notice that i have redrawed the trendline like when i taked the trade. I entered short in the highlighted area, then i got stopped out. I was thinking in a change of trend, with confirmation, so i went long and i get stopped out again. The thing that make me angry, is that my initial view was right, the stop was just too tight {image}
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I also noticed you lowered the line to a minor wave. This can be deadly on small time frames. Take no short cuts & the system will work.
You would not have got stopped out & not taken the long trade.
