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Trading is as simple as 1-2-3

  • #8,101
  • Apr 10, 2019 6:33am Apr 10, 2019 6:33am
With EURO red news due in 20 mins or so and with price really struggling to close below my target level (and me beginning to lose the will to live while waiting for something...anything..to happen), I closed this out for +3.5. I was in heavy off a re-entry on the 5-min chart fib level (hence the slightly off mark on the H1), so I certainly didn't want to give it all back if it went against me.

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  • #8,102
  • Apr 10, 2019 7:39am Apr 10, 2019 7:39am
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Long CA +5 locked
  • #8,103
  • Apr 10, 2019 8:54am Apr 10, 2019 8:54am
DAX comes good once more.

In

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+10 locked.

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  • #8,104
  • Apr 10, 2019 9:02am Apr 10, 2019 9:02am
Quoting lemercenaire
{quote} Yeah but you banked +10. Traders' remorse should be no part of you. More trades (and accounts) have been lost because the trader waited on ''just one more pip'', only to have it turn and burn them in the blink of an eye. Well done. Move on to the next one.
Thanks Lemercenaire, I am still working on my mentality, but still, there are occasions I just couldn't help to look back what I left, lol
you are right, 10 pips bagged is always batter then 1 pip lost or get burned for even more pips,
  • #8,105
  • Apr 10, 2019 10:28am Apr 10, 2019 10:28am
Quoting keshan
{quote} Thanks Lemercenaire, I am still working on my mentality, but still, there are occasions I just couldn't help to look back what I left, lol you are right, 10 pips bagged is always batter then 1 pip lost or get burned for even more pips,
Don't get me wrong, looking back at what you ''missed'' is a powerful motivational tool...if used correctly.

Look at it as confirmation that you made the right call. It was simply that you need to work on trade management. That's a whole novel in itself, after all - but it's something that you can continuously improve.

Spin it in a positive light. Make a note of what you did, What would you do differently? Also, sometimes it was just a fluke - and no matter what way you were to have looked at the information, you still wouldn't have held it that long. That happens.

Use the information you learn from that analysis to inform your next decision when you are faced with the same situation.

It's only a mistake if you don't learn from it.

Keep it up.
  • #8,106
  • Apr 10, 2019 1:11pm Apr 10, 2019 1:11pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,107
  • Apr 10, 2019 1:24pm Apr 10, 2019 1:24pm
Quoting keshan
{quote} Thanks Lemercenaire, I am still working on my mentality, but still, there are occasions I just couldn't help to look back what I left, lol you are right, 10 pips bagged is always batter then 1 pip lost or get burned for even more pips,
Good discussion kasha et el. Keep plugging away, the only wrong question is the un-asked variety :-)
every Saint has a past. Every Sinner has a Future
  • #8,108
  • Apr 11, 2019 5:30am Apr 11, 2019 5:30am
Attached Image (click to enlarge)
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Short EU +5 locked
  • #8,109
  • Apr 11, 2019 9:05am Apr 11, 2019 9:05am
Out-and-about most of the day and back now, really struggled to find something I liked...until this came totally out of left field! Topped out at ADR and long grind of 6 Bull candles in a row. Had to be worth a try.

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  • #8,110
  • Apr 11, 2019 9:51am Apr 11, 2019 9:51am
Long out of Demand.

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  • #8,111
  • Apr 11, 2019 9:43pm Apr 11, 2019 9:43pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,112
  • Apr 11, 2019 9:45pm Apr 11, 2019 9:45pm
Quoting keshan
Long UC closed for +10, left 20 on the table {image}
Scale in/out of a trade. Move your stop up to protect profit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,113
  • Apr 12, 2019 6:49am Apr 12, 2019 6:49am
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Short EG +5 locked
  • #8,114
  • Apr 12, 2019 7:17am Apr 12, 2019 7:17am
EC now
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  • #8,115
  • Apr 12, 2019 7:32am Apr 12, 2019 7:32am
GU solid setup to watch it
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  • #8,116
  • Apr 12, 2019 9:47am Apr 12, 2019 9:47am
Quoting mizi123
GU solid setup to watch it {image}
As simple as that waiting is the worst enemy!
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  • #8,117
  • Apr 12, 2019 9:50am Apr 12, 2019 9:50am
+ 2 other great setups
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  • #8,118
  • Apr 12, 2019 9:53am Apr 12, 2019 9:53am
Worth to track it for next hour
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  • #8,119
  • Apr 14, 2019 1:20pm Apr 14, 2019 1:20pm
Quoting universaless
I have one question and it regards time frames, I find ATR to be much more clear for me (when I looked at FX charts this morning I couldn't find anything).
What is your question?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,120
  • Apr 15, 2019 2:35am Apr 15, 2019 2:35am
EU waching it look's interesting!
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