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Entry Unholy

  • #2,721
  • Feb 12, 2019 1:18pm Feb 12, 2019 1:18pm
Quoting Jp1
{quote} Wow - nice mate! Well done!
At the end of the day your up tho not underwater the stp thing your gonna have to practice some ,, you got the direction right after the low ,,,,, problem arises when the direction is wrong ,, then you get back to doing wht you always do as the mkt does what it always does ,, gonna be a little bit of time needed ,,very easy to get biased and get to fight ing something then you know what that leads to ,,good job today tho man ,, its a start ,,make your decisions on what the chart is telling you not what you think
  • #2,722
  • Feb 12, 2019 1:26pm Feb 12, 2019 1:26pm
Quoting digger1
{quote} At the end of the day your up tho not underwater the stp thing your gonna have to practice some ,, you got the direction right after the low ,,,,, problehm arises when the direction is wrong ,, then you get back to doing wht you always do as the mkt does what it always does j,, gonna be a little bit of time needed ,,very easy to get biased and get to fight ing something then you know what that leads to ,,good job today tho man ,, its a start ,,make your decisions on what the chart is telling you not what you think
Yeh mate - kinda felt like 7 out of 7 winners (in terms of direction), just moving my stop to BE killed me.....should i wait longer than 8 pips to move to BE? - i just thought everyone says “move to BE pronto”!

otherwise my new rule - always follow the trend on h1 (or minimum m30).....never go against looking for countertrend....even if something has gone up 600pips....just keep buying / selling pullbacks....and my stp will save me if it dives the other way. At least then im never stuck opposite the trend (sounds obvious i know!)
  • #2,723
  • Feb 12, 2019 1:42pm Feb 12, 2019 1:42pm
Quoting Jp1
{quote} Yeh mate - kinda felt like 7 out of 7 winners (in terms of direction), just moving my stop to BE killed me.....should i wait longer than 8 pips to move to BE? - i just thought everyone says “move to BE pronto”! otherwise my new rule - always follow the trend on h1 (or minimum m30).....never go against looking for countertrend....even if something has gone up 600pips....just keep buying / selling pullbacks....and my stp will save me if it dives the other way. At least then im never stuck opposite the trend (sounds obvious i know!)
I usually start with a 15 pip hard stp ,, then if I get leg will bump it till even ,,kinda looked like this weekly low it got too was in the cards the whole time ,,well it was thts what mkts do lol,, now its if it holds it
  • #2,724
  • Feb 12, 2019 1:45pm Feb 12, 2019 1:45pm
Quoting digger1
{quote} I usually start with a 15 pip hard stp ,, then if I get leg will bump it till even ,,kinda looked like this weekly low it got too was in the cards the whole time ,,well it was thts what mkts do lol,, now its if it holds it
And how many “legs up” do u usually wait before moving sl to be?
  • #2,725
  • Feb 12, 2019 1:57pm Feb 12, 2019 1:57pm
could be another leg up...but nothing for sure.....
trading is simple but is simple is not easy.
  • #2,726
  • Feb 12, 2019 2:20pm Feb 12, 2019 2:20pm
Quoting ZenNy
{quote} closed + 46 and +57
this is what I saw and traded on GU: a early morning reversal (shorted the pin bar), covered at the previous day low (double my risk) and double bottom on the 240m, when prices went below the PDL I placed a buy stop order 5 pips above the PDL with a SL 1 pip below the low......DB trade also with EU.
Attached Image (click to enlarge)
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trading is simple but is simple is not easy.
  • #2,727
  • Feb 12, 2019 2:23pm Feb 12, 2019 2:23pm
Quoting Jp1
So rather frustrating day for me......placed 5 trades over the day at the levels of support / resist i have....5 times trades moved in my direction (good start!)....5 times moved my sl to BE to negate risk (once 8 pips up).....5 times stopped out by like 3-10 points, before it accelerated away in my direction!! !! Man - give a dog an f-ing bone!! so my last trade i didnt move my sl to BE and exactly the same routine as above, but as the sl wasnt moved i didnt get stopped out when it dipped below entry....i finally made 10pips! Finally!...
Having computer issues, and I didn't want to be caught in the live market with a black screen. So, this was done in demo. Still something to be learned..........

I took the CE short for a small profit. I exited 1/3 of the position at pt 1. The Market moved against me and I got out of the other 2/3. A few minutes later, I took another a FVB short.

Attached Image (click to enlarge)
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As far as I'm concerned, your ability to enter a trade, get stopped out, and then re-enter in the same direction speaks volume about your chances of being a successful trader.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #2,728
  • Feb 12, 2019 2:46pm Feb 12, 2019 2:46pm
Quoting Jp1
{quote} And how many “legs up” do u usually wait before moving sl to be?
Lol,, depends on how far away the next level is and if its poke thru ,,busier than shit here ,, missed the 1st poke up but if you had your M30 marked right ,,you would have seen where to take a crack by then ,, not an easy day to go by wht london did because they did both ,,put in a new low then bought it right back up but once above open then a carck at the high of the day was coming ,,then it was just a long day ,,hard to do as its happening I know ,, you just want to careful and not get duped into working the wrong way for peanuts,, once back above open tho probing for next level up is common
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  • #2,729
  • Feb 12, 2019 2:48pm Feb 12, 2019 2:48pm
if they are close enough I will use my levels just slightly beyond till it takes off again
  • #2,730
  • Feb 12, 2019 2:51pm Feb 12, 2019 2:51pm
Quoting HiddenGap
{quote} Having computer issues, and I didn't want to be caught in the live market with a black screen. So, this was done in demo. Still something to be learned.......... I took the CE short for a small profit. I exited 1/3 of the position at pt 1. The Market moved against me and I got out of the other 2/3. A few minutes later, I took another a FVB short. {image} As far as I'm concerned, your ability to enter a trade, get stopped out, and then re-enter in the same direction speaks volume about your chances of being a successful trader.
Lol,, we have been working on getting him tilted to tht ,, had a habit of getting the direction a bit wrong then fighting it and getting deeper and deeper underwater ,,difficult thing to overcome and getting a stp in just the right spot is difficult ,, he is practicing ,,he will get it ,,good to see ya pop in HG
  • #2,731
  • Feb 12, 2019 2:58pm Feb 12, 2019 2:58pm
Longer chart ,,been a little stronger with a daily close back above didnt pull it off so watching the 1350 level and then of course how asia gets their 20 pips or so lol
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  • #2,732
  • Feb 12, 2019 7:54pm Feb 12, 2019 7:54pm
Quoting Rrrracer
What's happening guys.. had to skip most of today to stop my cabin from setting on fire lol, had a few electrical outlets that were smoking and needed replaced! Looks like you all have been productive today! I see Digs got that last run down he was looking for this morning, and bulls have been in charge ever since... nice. Let's see if we can scare up some afternoon delight here...
Hope ya git the electrical issue solved ,, that would give new meaning to the line I was on fire today trading lol,,, was wondering where ya were
  • #2,733
  • Feb 12, 2019 7:58pm Feb 12, 2019 7:58pm
Quoting ZenNy
{quote} short cad 1.3262 EU and GU SL to BE
+ 61 pips, closed half and SL to BE...
trading is simple but is simple is not easy.
  • #2,734
  • Feb 12, 2019 8:02pm Feb 12, 2019 8:02pm
Quoting ZenNy
{quote} + 61 pips, closed half and SL to BE...
nice trade Z,, little busy,, missed a few today
  • #2,735
  • Edited 8:18pm Feb 12, 2019 8:07pm | Edited 8:18pm
Quoting digger1
{quote} nice trade Z,, little busy,, missed a few today
I also going to very busy soon with other stuff, I will be trading only the daily and the 240m and maybe just the LO for intraday.....

Anyway in my experience you can also day trade with the daily........more screen time for me does not necessary mean more profits.......
trading is simple but is simple is not easy.
  • #2,736
  • Feb 12, 2019 8:22pm Feb 12, 2019 8:22pm
Quoting ZenNy
{quote} I also going to very busy soon with other stuff, I will be trading only the daily and the 240m and maybe just the LO for intraday..... Anyway in my experience you can also day trade with the daily........more screen time for me does not necessary mean more profits.......
No doubt about it bud ,, some of my best trades were ones held for long periods ,, but the more experience I got the day trades soon kept up and then surpassed,, having money tied up for long periods ,, aint easy for sure but hate watching money come and go over long periods lol
  • #2,737
  • Feb 12, 2019 8:38pm Feb 12, 2019 8:38pm
Quoting Jp1
{quote} Yeh mate - kinda felt like 7 out of 7 winners (in terms of direction), just moving my stop to BE killed me.....should i wait longer than 8 pips to move to BE? - i just thought everyone says “move to BE pronto”! otherwise my new rule - always follow the trend on h1 (or minimum m30).....never go against looking for countertrend....even if something has gone up 600pips....just keep buying / selling pullbacks....and my stp will save me if it dives the other way. At least then im never stuck opposite the trend (sounds obvious i know!)
The obvious is never obvious till after the fact ,, just sometimes the chart dont have the room yet to show the obvious until it is obvious ,,you just have to believe it will be ,,why ? because tht is what they always do
  • #2,738
  • Feb 12, 2019 8:52pm Feb 12, 2019 8:52pm
asia got there big range ,, trendline break from the open ,,did squeeze 10 out of a batch stp even on whats left ,,should have a few support levels marked ,,,, little leary of an all out bull assault yet but cant disregard a daily low area either,, see what fankie and london have in store
Attached Image (click to enlarge)
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  • #2,739
  • Edited 10:57pm Feb 12, 2019 10:18pm | Edited 10:57pm
Quoting digger1
{quote} No doubt about it bud ,, some of my best trades were ones held for long periods ,, but the more experience I got the day trades soon kept up and then surpassed,, having money tied up for long periods ,, aint easy for sure but hate watching money come and go over long periods lol
sure....but really money is made by sitting tight... also getting it right in the middle of price is nearly impossible in my own opinion, here there is a lot of noice.... getting 3 to 4 losing trade in session is very much a possibility...here our ego gets involved and when he comes to town is not funny......

Long term can also mean one day or a week nowadays, in my experience trades lasting a couple of days are the best (because I have not enough guts ).

Take the second leg down, which lasted only 9 days, made 2600 pips, that leg was a .786 retracement of the previous leg, lets say we risked 3% on 50 pips risk (small risk).....you do the mathst mate...that is big money......impossible by scalping unless we risk a lot.....Anyway only my perception.

"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. I've known many traders who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine. That is, they made no real money out of it. Traders who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money."Jesse Lauriston Livermore
trading is simple but is simple is not easy.
  • #2,740
  • Feb 12, 2019 10:57pm Feb 12, 2019 10:57pm
Quoting ZenNy
{quote} sure....but really money is made by sitting tight... also getting it right in the middle of price is nearly impossible in my own opinion, here there is a lot of noice....is ok if we demo trade or trade small account but when we trade for a living it becomes harder, getting 3 to 4 losing trade in session is very much a possibility...here our ego gets involved and when he comes to town is not funny...... Long term can also mean one day or a week nowadays, in my experience trades lasting a couple of days are the best (because I have not enough...
Ole Jessie was one hell of a trader ,,,, modern day medicine may have helped a bit with his illness and having some of tht more under control Im sure there would have been a few things different ,,, one 25 or 30 pip trade a day out does everything you see on a eur chart right now as far as average per day if you caught the exact top and bottom of every move ,, ,,may take 2 trades ,,may only take one ,,, but if Im going to sit and wait Im going to make my money and go enjoy my life ,,,, a couple of trades and a runner just as good if not better than entering and watching and waiting and sitting ,,,, difference of opinions for sure ,,I enjoy trading and Ive done it long enough to know the mkt does the same shit day in and day out no matter what ,,,, every day asia 15 to 20 pips in the eur ,, most can usually be had both ways ,,then into fankie and london ,,figure that out and most days you have a direction for the day,, figure out the direction on the weekly period and and do the right things at the appropriate levels and it gets even better. Once you realize there is no mystic or mystery to the mkt its just buyers and sellers from level to level ,, pretty much what Jessie did by being to able read the ticker tape in different ways than most could,, it becomes a whole lot less worry some . There is actually a lot of order to what appears as chaos to most ,, just my opinion of course ,,but i see it every day ,,does it make it easy nope ,,but it makes it whole lot more doable ..and profitable
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