You learn something everyday if you pay attention.
5/6 candle swing low swing high Indicator 5 replies
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Dislikedbroketrader, You are a good trader. Believe in yourself, as we believe in you! You will succeed!Ignored
DislikedI love that statement !!! SOOO hard to teach people to stick to that.Ignored
DislikedThe short signal only lasted the night as a long signal appeared right now. I will wait the retracement to SMA to close the current trade and enter long. If no retracement then I take the risk of going into Stop Loss which I have set here to 60 pips.Ignored
DislikedThe short signal only lasted the night as a long signal appeared right now. I will wait the retracement to SMA to close the current trade and enter long. If no retracement then I take the risk of going into Stop Loss which I have set here to 60 pips.Ignored
Disliked{quote} Changing my plans. If price goes below SMA and continues, there will be a short signal again so my short entry will become valid and I will have to wait for the up trend to resume before eventually closing and going long.Ignored
Disliked...Disliked{quote} In the absolute, what you say is correct but in the very specific case that concerns me, I'm convinced that it's not, simply because I don't have the habit, knowledge and feeling to trade those. You can replace "flag" by anything else like pivot, divergence or whatever and your statement is still true and I'm not telling that those concepts are worse or better, I don't mind, it's just that I simply don't know how to trade them and I have just given the proof. I mean even if I recognize the pattern, I'm just notIgnoredIgnored
Disliked{quote}{quote} Sorry, English not being my mother tongue I know that sometimes I make it difficult to others to understand me. The huge leverage trades were because I thought that after that flag break the price would explode to the upside, but I just didn't know the dynamics as I still don't know them, maybe it will explode to the upside but maybe that will take one month, at least, apparently not a few hours as I was expecting. Strangely and hopefully, the losses I took Friday didn't hit me emotionally, otherwise I think I would be revenge trading...Ignored
Disliked{quote} To walk the talk there needs to be a talk. So you are saying that a leverage of ~280 might happen again ? But not leading to a ~40% loss because from now on you are only gonna be in a trade that you have confidence in, being your usual set up ? I don’t know which book you read from Van Tharp but he certainly explained it very well. “Trade distribution is randomn and therefore great care should be taken on money management”... Isn’t it where you failed ?Ignored
Disliked{quote} A high leveraged trade could happen but with a tight stop like I have done in the past, the leverage is irrelevant, only the risk is important. The ones that I will carry now even if you won't see it because there is no visible stop loss will have 30% risk at the beginning of the trade. I know it's very high but that also says something about the confidence I put in my trading. I don't remember if I ever read a book from Van Tharp but I know that trading more or less follows the law of large numbers. Your edge appears when making a large...Ignored
DislikedI sign with that sentence at every post and yet I have forgotten it. Simplicity is the Ultimate Sophistication So from now on, let's keep things simple and clear ! 1 Pair, 1 Time frame, 1 system, 1 trend at a time, keep everything else outside !Ignored
Disliked{quote} Your Trend Explorer shows very well where you failed, way too much risk. Now you blame the “bad” set up, which was actually very good, best set up I have read about eurusd in FF since a few weeks. This only because you had a few loosers mostly because you used too much leverage and bailed out when price reversed. Being that confident by risking that much in one single trade is just nonsense, especially when it makes you change the way you trade that was actually good. The next set up that follows precisely your rules might be a looser, and...Ignored