It's just not going to happen... | Page 18 | Forex Factory

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It's just not going to happen...

  • #341
  • May 9, 2018 2:38am May 9, 2018 2:38am
taking out easily previous high...
Success consists of going from failure to failure without loss of enthusiam
  • #342
  • May 9, 2018 2:40am May 9, 2018 2:40am
Quoting dongsky
they're shaking the weakling ... as per usual

.....learning difference between shaking out weakling and change in direction is key for confidence among other things.


Alex
check out the terrain - follow never lead
  • #343
  • May 9, 2018 2:42am May 9, 2018 2:42am
Yes the levels are so important......I really hope this works for you. I am not too dissimilar to you except that I do a lot of waiting for price to show its hand. I get in a lot later when I feel that price has shown its hand. If I am wrong I try to have the discipline to bail out quickly so that there is no need for rescue.

I am still watching GPJ.......l don't like sitting through draw-downs. I'd rather wait for a retrace after the move to get in. I might miss the move altogether but that's okay by me.
With wisdom comes humility. With humility comes wisdom!
  • #344
  • May 9, 2018 2:43am May 9, 2018 2:43am
Quoting alexandria
{quote} .....learning difference between shaking out weakling and change in direction is key for confidence among other things. Alex
shaking the weak is easy to spot... changing directions or reversal takes time... she will show you her hands... minor corrections or pullbacks are common... don't get mixed up with correction and impulse swings... which is driving current trend...
Success consists of going from failure to failure without loss of enthusiam
  • #345
  • May 9, 2018 2:47am May 9, 2018 2:47am
Quoting piphop
Yes the levels are so important......I really hope this works for you. I am not too dissimilar to you except that I do a lot of waiting for price to show its hand. I get in a lot later when I feel that price has shown its hand. If I am wrong I try to have the discipline to bail out quickly so that there is no need for rescue. I am still watching GPJ.......l don't like sitting through draw-downs. I'd rather wait for a retrace after the move to get in. I might miss the move altogether but that's okay by me.

sounds like a plan to me rob again, when you spotted a good profitable entry with an anticipation of a good run... do yourself a favor by pin pointing the level where you can say you're wrong if price go against you... and that... you don't wanna be in that position anymore if price visit that level...

it's not a bad idea using stop loss for a start... while building up your confidence for your MO... but remember, when using stop loss... don't count the number but instead... use the levels...
Success consists of going from failure to failure without loss of enthusiam
  • #346
  • May 9, 2018 2:49am May 9, 2018 2:49am
buy
Success consists of going from failure to failure without loss of enthusiam
  • #347
  • May 9, 2018 2:58am May 9, 2018 2:58am
Attached Image (click to enlarge)
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Success consists of going from failure to failure without loss of enthusiam
  • #348
  • May 9, 2018 3:02am May 9, 2018 3:02am
buy
Success consists of going from failure to failure without loss of enthusiam
  • #349
  • May 9, 2018 3:04am May 9, 2018 3:04am
Your absolutely spot on there. I know where to get out when I am wrong. It's just that the real move I find often occurs later in the night our time. This is when I am tired and carelessness creeps in. But mostly not, these days. I still don't like using SL when I am at the screen. I generally find that if I have entered at the right time price will usually go in my direction and if it doesn't then something is not right. If I can't stay awake any longer my plan says I must put in a SL.
With wisdom comes humility. With humility comes wisdom!
  • #350
  • May 9, 2018 3:09am May 9, 2018 3:09am
Quoting piphop
Your absolutely spot on there. I know where to get out when I am wrong. It's just that the real move I find often occurs later in the night our time. This is when I am tired and carelessness creeps in. But mostly not, these days. I still don't like using SL when I am at the screen. I generally find that if I have entered at the right time price will usually go in my direction and if it doesn't then something is not right. If I can't stay awake any longer my plan says I must put in a SL.
am i reading myself? sounds like me too i just scale out and leave a scout or two before hitting the bed if i believe price will reach a level... only one way to prove to myself...

keep it up rob... you are on a goldmine there
Success consists of going from failure to failure without loss of enthusiam
  • #351
  • May 9, 2018 3:25am May 9, 2018 3:25am
I've got to go out to a meeting for a few hours. Am I too late for a GPY entry? Maybe, maybe not. I will look at the unfolding later. Happy trading!
With wisdom comes humility. With humility comes wisdom!
  • #352
  • May 9, 2018 3:27am May 9, 2018 3:27am
Quoting piphop
I've got to go out to a meeting for a few hours. Am I too late for a GPY entry? Maybe, maybe not. I will look at the unfolding later. Happy trading!

our modus is always adjusted to whatever market's offering... therefore, there is no such thing as too late for an entry...

Success consists of going from failure to failure without loss of enthusiam
  • #353
  • May 9, 2018 3:31am May 9, 2018 3:31am
scaling out... 148.53

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Success consists of going from failure to failure without loss of enthusiam
  • #354
  • May 9, 2018 3:32am May 9, 2018 3:32am
Hi dongsky !

I just wanted to ask, why the title of your journal ? What's not going to happen ?

Thanks and trade well
Simplicity is the Ultimate Sophistication.
  • #355
  • May 9, 2018 3:32am May 9, 2018 3:32am
Quoting piphop
I've got to go out to a meeting for a few hours. Am I too late for a GPY entry? Maybe, maybe not. I will look at the unfolding later. Happy trading!

I got in at same area(s) as Donsky has shown - I too do not like when it goes against me - but I think the rounding bottoming pattern and its behaviour in potential buy zone (double bottom if you like))did not make it very risky as an entry - peeps selling into potential buy zone then the feel kicked in strong so not too risky for me. As Donsky said using the levels and price reactions there gives me some confidence to hit it anyway.



Alex
check out the terrain - follow never lead
  • #356
  • May 9, 2018 3:34am May 9, 2018 3:34am
entering a danger zone...

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Success consists of going from failure to failure without loss of enthusiam
  • #357
  • May 9, 2018 3:36am May 9, 2018 3:36am
Quoting broketrader
Hi dongsky ! I just wanted to ask, why the title of your journal ? What's not going to happen ? Thanks and trade well

was heavily positioned that moment when i decided to open a thread... and that's the first phrase comes up... as i pounding keyboard

there's nothing much to tell ... really
Success consists of going from failure to failure without loss of enthusiam
  • #358
  • May 9, 2018 3:37am May 9, 2018 3:37am
Quoting alexandria
{quote} I got in at same area(s) as Donsky has shown - I too do not like when it goes against me - but I think the rounding bottoming pattern and its behaviour in potential buy zone (double bottom if you like))did not make it very risky as an entry - peeps selling into potential buy zone then the feel kicked in strong so not too risky for me. As Donsky said using the levels and price reactions there gives me some confidence to hit it anyway. Alex

at least it minimize or lessen your risk... but again... it all ends up managing open positions...
Success consists of going from failure to failure without loss of enthusiam
  • #359
  • May 9, 2018 3:38am May 9, 2018 3:38am
148.3xx is good to add... but need to wait for her hands...
Success consists of going from failure to failure without loss of enthusiam
  • #360
  • May 9, 2018 3:43am May 9, 2018 3:43am
anticipating price to visit these levels...

y... is weak for an additional buy

x however is a good fresh level...



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Success consists of going from failure to failure without loss of enthusiam
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