{quote} It kind of sucks a little more now...{image}
Today`s level worked great... just... if I placed my SL where it should have been above the marked zone and not one pip lower.... greed + bad luck = -1R
Live it or leave it!
ReadtheMarket - Supply and Demand with Price Action
- #6,801
- Aug 19, 2020 10:39am Aug 19, 2020 10:39am
Today`s level worked great... just... if I placed my SL where it should have been above the marked zone and not one pip lower.... greed + bad luck = -1R
this trade turned out to be in favor of intended direction. as it still has room to move down, so will stay in trade for a while{image}
What‘s I could not understand is the entry point and the tiny SL.
{quote} Amazing trade. What‘s I could not understand is the entry point and the tiny SL. {image}
sl belongs to position management and an opportunity cost needed to pay.
The updated chart showing two additions, non of them has entry like the first one, even if the move is in your favour. now it becomes position management
- #6,809
- Edited 9:39am Aug 21, 2020 7:49am | Edited 9:39am
i see this oportunity for sell {image}
this is why it was taken early. engulf not super clear
price looks like its setting up for a breakout up, potentially creating a massive FTR. although heavy consolidation now maybe push it back down to our original tg. Dont' know. Take the scalps, done for the wknd
RIP RTM - long live Nonsense Trading
- #6,813
- Aug 23, 2020 9:14am Aug 23, 2020 9:14am
Hello Traders ... i read this thread ... can anyone please explain flag limit with examples ? And difference between flag limit and ftr ? Please .... Thank you
Every FL is a FTR... But not every FTR is a FL... Try to think about it...
And FL limit is basically an edge of a FL. Go to charts and look what happens at these areas...
Live it or leave it!
- #6,819
- Aug 26, 2020 11:08am Aug 26, 2020 11:08am
{quote} Nice trades Slurpee. I understand why you entred these 2 buys but wasn't the TG already hit? Is there confirmation that I don't see? {image}
this is my reasoning, which now proved to be wrong. My bias is still the same though... just my view, could be wrong of course
I closed the rest on those two trades with a little BE+ and BE-, so zero on second half basically.
Live it or leave it!
Do you guys think explanation of my failure is correct? Its Forex Tester UJ 05.01.2016. Thanks.
