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Guys,

You just need to follow the rules put forth by Rockypoint. Please remember to see the high impact and to some extent medium impact news. they tend to move the market by and large. yesterday, NZD and AUD high impact news were there, hence you could see that the whole day those currency pairs were doing well. and today AUD pair was on the High impact news and same as well but it turned during the frankfurt session. Also today USD news now and Euro (medium impact) and GBP (high impact - didn't affect much). Along with Rockypoint rules if you keep an eye on the News daily. This would lead to consistent profits in the long run. my 2 cents
More or less kind of another messy day no real strength or weakness so a day to either stay out or look to pick off some small trades.
Cad was my choice today only 2 trades. These two charts offered the cleanest PA, thought about Gbp/Nzd but decided it was too messy.
Would've made money, but less stress with cleaner charts.
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Patricc, Nice trade
Ruben-trader, Hi welcome to the thread
Good morning guys!
Another successful trade, 1083 points.
Entry into the NY opening
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what a mess this ny session.stopped out very bad 2 time.i should stop trading after high impact news.
It happen all the time ,i made in london 60 pips and lost in ny 33 pips.
Gbdaja,

Aud/Jpy and Aud/Usd, you had 2 divergences against the trend, you wasn't sure candles were the correct entries they were clean breaks of trend line and ema. I believe when taking a divergence against the trend in being aggressive with a tight stop maybe 15 pips.

Eur/Gbp should've tossed chart moving sideway in a tight range.

Eur/Jpy same as Aud/Jpy and A/U.

Gbp/Aud I would pass but stop to tight for Gbp pair.

Gbp/Jpy I would pass too many big candles and wicks, entry you marked correct.

Gbp/Usd No thank you too messy.

Gbp/Nzd pass again erratic and messy chart.

Usd/Cad in tight range of less than 30 pips toss it.

Usd/Chf big candles jumpy moves messy toss it.
Look you can take any chart and find valid entry points. But if a chart is looking jumpy and messy PA is going to be erratic. The cleaner the PA looks the more likely your edge makes you some pips. Except for rare occasions I'm looking at 4 to 8 charts because of how the PA looks, currency strength/weakness. You need to be picky about what you trade.

Do I miss trades because I tossed a chart yes, but for everyone I miss there's 2 or 3 losses I avoid. Trading is not what if it's what is.
I probably left a lot of pips on the table with the Aud/Cad, but was just not in the right mindset to trade today. Very happy with the total pips today tho.

Been demoing for awhile and gonna start live trading Tuesday with a very small account, thank you again Rocky.
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Patience Patricc there was very little to trade in NY today. But upside is still a profitable day and hopefully you learned something from the NY mess. Today Power Ind. gave you hints it wouldn't be much of a trading day. When I started no currency was above 10 pips on 4hr and I think it was 6 on 1 hour. That almost always leads to messy.. Stay cool you are doing well.
Good job Orrunec you took what market gave you and got out. As for starting live trades remember it's going to feel different, stay patient and look for clean PA to trade.
yes indeed the the power indicator looks not really good at ny.And this trading day was typical for me the london did work well and i got greedy and want more pips.
It s very hard for me,because i m still a break even trader only about my impatience.
Well Patricc, Greed and fear that's trading. Might I suggest you spend 1 week only trading the earlier session and see what happens.
I would suspect that you have all your trades for the last month, take them and see what your results were for each session. I'm not a believer in spending so much time in front of the computer, in the end it wears you out, which leads to bad decisions.
Quoting rockypoint
Gbdaja, Aud/Jpy and Aud/Usd, you had 2 divergences against the trend, you wasn't sure candles were the correct entries they were clean breaks of trend line and ema. I believe when taking a divergence against the trend in being aggressive with a tight stop maybe 15 pips. Eur/Gbp should've tossed chart moving sideway in a tight range. Eur/Jpy same as Aud/Jpy and A/U. Gbp/Aud I would pass but stop to tight for Gbp pair. Gbp/Jpy I would pass too many big candles and wicks, entry you marked correct. Gbp/Usd No thank you too messy. Gbp/Nzd pass again...
Got it so more emphesis on actual PA before looking for specific setups, and if i understand this right setups to be build and waited for not just jumping on to every setup that occurs, practically no matter where. And ofcourse not being afraid of missing out it is beter to miss a setup or two than 10 or 20 pips.
Love the explenations and the logic behind your arrguments thank you!
yes you are right, maybe i should only trade 1 session a day,overtrading is the biggest enemy of every trader.
Yes Patricc over trading is a major problem, in 2 ways 1) Spending way too much time staring at a screen 2) Believing that because I'm here in front of the screen I must trade.

I have a very good friend who had major problems with this issue. He would trade the way I taught him, he would start to be consistently profitable Then boom more and more trades back to losing money. Then telling me no the system is no good, Me telling him
no you are not trading the system anymore. Then dissecting his trades, pointing out the flawed decisions start all over again. We went through this 5 times before it got through his thick skull. Now he's consistently profitable.
i should be happy because i m from austria and the london session starts on perfect time for me to trade on 9 am.
many people want to trade the london session but they cant about different time zone.
Ny starts on 2pm , and sometimes i m busy to much at this time.
It s better for me i spent my energy for trading only in london session.
Yes you should you are lucky, I need to get up at 5 am for ny or trade from midnight to 3am.
Franfurt open

the power indie was very clear only cad strong.
I took 3 cad trades and did make 50 pips in 1 hour.
I m happy and i m done trading for this week.
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Quoting patricc
Franfurt open the power indie was very clear only cad strong. I took 3 cad trades and did make 50 pips in 1 hour. I m happy and i m done trading for this week. {image}
Well done! Now comes the hardest part, to stay away from the pc!! I have exactly the same problem, so i got me a hobby! Doing leather work making shoes and handbags and it really helps to keep the mind away from trading!! You already had a successful day and if you trade again now, your main mindset will be to protect your win of the day!! And then you stuff it up real good!! Like i say, i am having the same problem!! Wish you a nice weekend!!
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