I'm hoping it tests that high again so I can potentially get another short in.
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DislikedHave spent months trying fruitlessly to harmonize Safe SL(based on price structure) and comfortable SL (specified amount of pips one is willing to loose to see if a trade will work). Comfortable SL that does not meet the SAFE SL criteria run a higher risk of being hit out while setup is still valid. SAFE SL that is too big for comfort, makes the mind restless and leads to poor trade management. Trading only those setups where SAFE SL is just comfortable pipwise, means missing a great number of good setups just like 3 I missed today....All turned...Ignored
DislikedI'm hoping it tests that high again so I can potentially get another short in.Ignored
DislikedStarting to sound like a broken record but the weekly trend line (blue line) is still in charge We may see a break soon. {image}Ignored
DislikedHi Ata, I m enjoying your system. It has made things so easy that I can believe that I m making money easily. Thanks! I just avoid red news. And all goes well. Thanks buddyIgnored
DislikedEUROPE , WE HAVE A PROBLAM. The good data from the US lately , will probably cause further interest rate hikes. all the time it's echoing in my head, so I'm always looking for places where the dollar can get stronger. Today he has reached such a point dx d1 + h1{image}{image} eu d1 + h1{image}{image} eur/jpy {image}Ignored
Disliked{quote} Don, its all about probability and levels. The reality is we win some we loose some. Had three trades yesterday. Two made money one got stopped out, but overal picture was still profitable risk reward. follow your rules and by all means, something very key is picking the levels. while lower time frames may pose nice setups consider where they are in the greater scheme of things. If its mid range id rather sit out in a bid to avoid massive DD. Just my 2cents worth. Often times our analysis is correct but we enter prematurely...just like a...Ignored
Disliked{quote} post some charts and setups.... noones used his trendline break since he's left. id be pissed off if all us other miscreants used every other technique except the one spent so long teachingIgnored
Disliked{quote} I’d go with safe. Money is money and honestly, principle wise even if you’re comfortable with losing x amount of dollars doesn’t mean you just give it up like that - might as well throw it out the window. IMO safe (and tight) SL at strong S/R is the option I would choose, because price doesn’t travel linearly.. if you enter just at the S/R areas and you’re stopped out, chances are price will re-test that area at least one or two more times before making a decision on whether it’s plowing through or bouncing back. Making less money beats...Ignored
DislikedHave spent months trying fruitlessly to harmonize Safe SL(based on price structure) and comfortable SL (specified amount of pips one is willing to loose to see if a trade will work). Comfortable SL that does not meet the SAFE SL criteria run a higher risk of being hit out while setup is still valid. SAFE SL that is too big for comfort, makes the mind restless and leads to poor trade management. Trading only those setups where SAFE SL is just comfortable pipwise, means missing a great number of good setups just like 3 I missed today....All turned...Ignored
DislikedI think we need to see what build up we get here. Can come down into the channel or go further. Got lucky, switched from short to long seconds before the jump. {image}Ignored
DislikedHi Ata, I m enjoying your system. It has made things so easy that I can believe that I m making money easily. Thanks! I just avoid red news. And all goes well. Thanks buddyIgnored
Disliked{quote} Already have a setup that I follow. On the average, it's minimum favourable excursion 30 pips. So most times after 30pips, I'm looking to close the trade. Often like my SL to be BTW 10 to 15 pips. Most times when my setup occurs, setting that 15 pips SL, will not fit price structure and could easily be hit out without price showing any indication of changing direction. On the other hand, setting a safe SL based on the price structure I'm seeing with it's S/R levels, mean having 20 to 30pips SL which I'm not comfortable with. Mind you my...Ignored
Disliked{quote} post some charts and setups.... noones used his trendline break since he's left. id be pissed off if all us other miscreants used every other technique except the one spent so long teachingIgnored