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Entry Unholy

  • #2,521
  • Feb 10, 2019 8:45pm Feb 10, 2019 8:45pm
Quoting Rrrracer
Good day all, hope everyone had a fine weekend. I personally had a number of revelations about my trading and how to improve it. On to a new week... let's do this
Keep on keeping on brother ,, improvise, adapt ,overcome
  • #2,522
  • Feb 10, 2019 8:54pm Feb 10, 2019 8:54pm
Hi every one,
Hope all good,,,,i did not have a good week in the market but had a enjoyable week end and hope every one had,,,just got up from the bed after a nice sleep,,have a very good and green pips week ahead to everyone
MRMALIK1
  • #2,523
  • Feb 10, 2019 9:35pm Feb 10, 2019 9:35pm
Hi Everyone and Dig bro hope you all had a great weekend.
my levels and sort of predication is in chart bellow. since both the weekly and daily is showing the down trend therefore I feel that we need to visit the 1.1220 till we move up therefore with my little knowledge I feel down trends but still there will be some short term long opportunities too. so based my analysis either the red or green might happen.
I would like to take the trading serious and make following changes and try to stick to it at least till end of the month of Feb and I will revaluate my strategy and style of trading.
1: I reduced my lot size to 0.02
2: identify my levels and stick to plan until I hit my TP not to close it in hurry
3: be patience and try to not make any immediate reactions to price movements
4: I will not trade from my phone and while I am away from my computer

If till end of the month I achieved these three objective then I think I may be successful otherwise I should focus on some thing else.
you all pray for me and keep me accountable for what I promised today

especially I want my mentor Dig bro to monitor me closely.
cheers
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  • #2,524
  • Feb 10, 2019 9:47pm Feb 10, 2019 9:47pm
Quoting Lcky
Hi Everyone and Dig bro hope you all had a great weekend. my levels and sort of predication is in chart bellow. since both the weekly and daily is showing the down trend therefore I feel that we need to visit the 1.1220 till we move up therefore with my little knowledge I feel down trends but still there will be some short term long opportunities too. so based my analysis either the red or green might happen. I would like to take the trading serious and make following changes and try to stick to it at least till end of the month of Feb and I will...
Cant argue with that Lcky ,, ,,just dont forget ,,if a level is gained back then the plan deviates some ,, I would use 2 positions ,, one have your 10 to 15 profit then the other to run of sttped out at even or +1 ,,then your making some on one batch ,, but not losing if entries not are quite right ,, your chart is great as usual
  • #2,525
  • Feb 10, 2019 9:57pm Feb 10, 2019 9:57pm
Quoting digger1
{quote} Cant argue with that Lcky ,, ,,just dont forget ,,if a level is gained back then the plan deviates some ,, I would use 2 positions ,, one have your 10 to 15 profit then the other to run of sttped out at even or +1 ,,then your making some on one batch ,, but not losing if entries not are quite right ,, your chart is great as usual
yea bro you are right any levels rejection gives a heads up that the plan is changing and as you say always to roll with it not fight with so each levels I will see the price reaction and try to act accordingly.
and I deal two positions too and will do it as you said. Just a question when I open positions I need to open both at the same time or once one is in profit then I add another one??
  • #2,526
  • Feb 10, 2019 10:03pm Feb 10, 2019 10:03pm
Quoting Lcky
{quote} yea bro you are right any levels rejection gives a heads up that the plan is changing and as you say always to roll with it not fight with so each levels I will see the price reaction and try to act accordingly. and I deal two positions too and will do it as you said. Just a question when I open positions I need to open both at the same time or once one is in profit then I add another one??
I would try to get both from level you have scoped out,, may be get one in a little better spot ,,,, but if your levels are good and yours usually are ,,trying to get positioned at tht level is your best bet ,,couple other changes for you listed ,, they will kinda help point out the main levels and 2nd levels if price gains one back ,, so ,, 1 your patterns ,, 2,, your chart levels like Ive been trying to get jp1 to mark and then 3,,, your averages,,,,,, leave your longer ave the same,,, little change tht may help you gain a few like this little drop when asia is getting their little piece of the pie
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  • #2,527
  • Feb 10, 2019 10:17pm Feb 10, 2019 10:17pm
On your M5 it is a 140 ema ,, white circle to the left ,, when Mrm1 was buying the open Friday ,, nothing wrong with tht ,, but no holding when it failed thinking it would come back ,,, this little scalp ,, nothing above tht and its back to the open ,, a sell there today one of them will probably hit 10 ,, the other could still be alive and have a few more by time london opens at the very least a few shekels in the bank and one to +1
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  • #2,528
  • Feb 10, 2019 10:30pm Feb 10, 2019 10:30pm
Aud awful bearish ,, our bud Z man sold a good area ,, but there is a level or 2 it has gained back ,, needs to break that area on on M5 or it may bounce a bit yet ,, average kinda points a few things out ,, thats all ,,little things like tht help you get a tighter stp or point areas out to cut a trade if a level dont fold ,,, open here could provide a little more support
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  • #2,529
  • Feb 10, 2019 10:40pm Feb 10, 2019 10:40pm
Your basically replacing the 8 hour session average with 2 others Lcky ,,, a 12 hour average and the ever popular 4 hour time period leave your long one the same ,, if you used it right you should be sht from Fridays high atm that is where the h&s was on the m5 at thursdays mid point
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  • #2,530
  • Feb 10, 2019 10:43pm Feb 10, 2019 10:43pm
Quoting digger1
{quote} I would try to get both from level you have scoped out,, may be get one in a little better spot ,,,, but if your levels are good and yours usually are ,,trying to get positioned at tht level is your best bet ,,couple other changes for you listed ,, they will kinda help point out the main levels and 2nd levels if price gains one back ,, so ,, 1 your patterns ,, 2,, your chart levels like Ive been trying to get jp1 to mark and then 3,,, your averages,,,,,, leave your longer ave the same,,, little change tht may help you gain a few like this...
Thanks a lot Dig bro I will do it accordingly.
always appreciated your each and every guidance.
  • #2,531
  • Feb 10, 2019 10:51pm Feb 10, 2019 10:51pm
Quoting Lcky
{quote} Thanks a lot Dig bro I will do it accordingly. always appreciated your each and every guidance.
Little charts are just to see what is happening at our levels we know we should watch,,, and tht sister is what happened there lol, and it is still dropping ,
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  • #2,532
  • Feb 10, 2019 10:57pm Feb 10, 2019 10:57pm
Digs, turning in my homework assignment.... bulls really not giving a whole lot to work with here... this swing down has been and still is extremely bearish. We've had a few signs of life lately but nothing compelling whatsoever, pretty much bumps in the road. Structurally speaking, this area is really the last place the bulls can make a stand, and without one there's not much in the way of significantly lower prices. Coupled with retail sentiment leaning heavily bullish... all directions point down for me at this point.
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  • #2,533
  • Feb 10, 2019 10:58pm Feb 10, 2019 10:58pm
Quoting digger1
{quote} Little charts are just to see what is happening at our levels we know we should watch,,, and tht sister is what happened there lol, and it is still dropping , {image}
I see that yea moving according to plan
  • #2,534
  • Feb 10, 2019 11:02pm Feb 10, 2019 11:02pm
Quoting digger1
On your M5 it is a 140 ema ,, white circle to the left ,, when Mrm1 was buying the open Friday ,, nothing wrong with tht ,, but no holding when it failed thinking it would come back ,,, this little scalp ,, nothing above tht and its back to the open ,, a sell there today one of them will probably hit 10 ,, the other could still be alive and have a few more by time london opens at the very least a few shekels in the bank and one to +1 {image}
i was expecting friday as short covering and profit taking day and the day was in positive,,,i did not moved the stops when the lots were in bit of profit and got fucked and that added to my weekly losses,,,,,i will be very careful this week,,,will try to take A++ trades only to get back on the right track and seek your advise before placing a trade if you would be there,,,,normally after how many pips in profit sts should be BE,,
MRMALIK1
  • #2,535
  • Feb 10, 2019 11:02pm Feb 10, 2019 11:02pm
Quoting Rrrracer
Digs, turning in my homework assignment.... bulls really not giving a whole lot to work with here... this swing down has been and still is extremely bearish. We've had a few signs of life lately but nothing compelling whatsoever, pretty much bumps in the road. Structurally speaking, this area is really the last place the bulls can make a stand, and without one there's not much in the way of significantly lower prices. Coupled with retail sentiment leaning heavily bullish... all directions point down for me at this point. {image} {image} {image}
Looks good ,,, the level in the eur to watch if it does get back above is the 1330 ish level,, but yea so far not much ,, wont be till frankie and london get going ,, asia up to a whopping 15 in this session lol
  • #2,536
  • Feb 10, 2019 11:06pm Feb 10, 2019 11:06pm
Quoting mrmalik1
{quote} i was expecting friday as short covering and profit taking day and the day was in positive,,,i did not moved the stops when the lots were in bit of profit and got fucked and that added to my weekly losses,,,,,i will be very careful this week,,,will try to take A++ trades only to get back on the right track and seek your advise before placing a trade if you would be there,,,,normally after how many pips in profit sts should be BE,,
Get tht 140 on your m5 chart M ,, it will kinda help point those areas out ,, nothing wrong with buying where you did friday ,, the problem came from not taking a bit of profit and then holding when it failed thts what gets ya ,, you cant think you know what the mkt is going to do ,, you think about what the chart is telling you its doing
  • #2,537
  • Feb 10, 2019 11:11pm Feb 10, 2019 11:11pm
Quoting digger1
{quote} Get tht 140 on your m5 chart M ,, it will kinda help point those areas out ,, nothing wrong with buying where you did friday ,, the problem came from not taking a bit of profit and then holding when it failed thts what gets ya ,, you cant think you know what the mkt is going to do ,, you think about what the chart is telling you its doing
i took profit on the double positions,,,like i had 0.21 lots took profit 0n .14 and left the rest without moving stps and the problem occured when i added more for the lower levels 1.1331 which had been a very good level in the past this addition to the losings wiped almost all the profits i made from the earlier closed in profit plus the left i had to close in loss but i took the step quick with your advise which saved me a bit,,thanks
MRMALIK1
  • #2,538
  • Feb 10, 2019 11:15pm Feb 10, 2019 11:15pm
Quoting mrmalik1
{quote} i took profit on the double positions,,,like i had 0.21 lots took profit 0n .14 and left the rest without moving stps and the problem occured when i added more for the lower levels 1.1331 which had been a very good level in the past this addition to the losings wiped almost all the profits i made from the earlier closed in profit plus the left i had to close in loss but i took the step quick with your advise which saved me a bit,,thanks
No worries bud ,, every one is going to get this down ,, but we need to work on the pip count and stp thing 1st ,,then you can start bumping the lot size a little when tht area is addressed ,, ,, we got our main level then maybe one extra one ,, firing willie nillie for a big kill after tht is just asking for trouble lol
  • #2,539
  • Feb 10, 2019 11:18pm Feb 10, 2019 11:18pm
Quoting digger1
{quote} Get tht 140 on your m5 chart M ,, it will kinda help point those areas out ,, nothing wrong with buying where you did friday ,, the problem came from not taking a bit of profit and then holding when it failed thts what gets ya ,, you cant think you know what the mkt is going to do ,, you think about what the chart is telling you its doing
i have 12ema,,54lwma and 96 on my m5 chart,,,do i need to add 140ema as well??
MRMALIK1
  • #2,540
  • Feb 10, 2019 11:20pm Feb 10, 2019 11:20pm
Quoting mrmalik1
{quote} i have 12ema,,54lwma and 96 on my m5 chart,,,do i need to add 140ema as well??
change the 96 to 140,,, 96 is the 8 hour session average dont want to get to many or its confusing as hell ,,up to you the 12 is just an hourly average ,, may change tht to a 48 which is the 4 hour average,, you should be relying more on current high and low of a day anyway and the levels marked on m30
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