Volman Style (70-tick chart)

Finally had a proper trading session, charts attached.

Good morning guys great analyst GC-FINANCE happy to see that you have a good session so far here mine for this morning.. feel free to comment guys!

I dont take the second one because i dont know why but i was not conforable with this setup... it was like a SB maybe ?but i dont like the .50 level underfoot... p plus we were in the low of the day

You're still doing very well Eurusdforex!

The second trade was a BB or even ARB if you extend the box to the right. I think it was doable: retest of the broken barrier line, trending environment and magnet effect of the round number below. But yes the 50-level is always scary and if you didn't feel comfortable with it then you did well skipping it.

As for the angular lines, yes they work well in some cases. I'm also learning that over time.

Talk again soon!

Yes you are right when you feel unconfortable the best is to stay on the sideline thanks for your feedback and your tought on the second setup i will try to put here a other analyst with a bigger box like you said i think it will made more sens !!! See you tomorow for a another war. The key for me right now is to stay patient and just trade the AAA setup

This morning I had a bad session. I was emotional and took two trades for FOMO, which turned to be losing. I then decided to stop trading and take some time to recover emotionally.

It hadn't happened for a while but it looks like the old problems are always ready to kick back in.

For Eurusdforex, your approach is great and that's what I'm trying to do too: avoid bad and mediocre trades waiting for the high-quality ones. However today I've fallen again into this mistake of accepting mid solutions. I will get back on track soon!

good morning GC FINANCE . I really understand your feeling! Its so emotionaly hard... forex is not always clear and easy. I'm curious on your side what is your trading plan or something like that and how did you react when you get a bad session. Trading is maybe 80-90% emotional and psycological. Sometimes we know that we need to stay away of the market and we still take bad odds trades... On you side with your analyst you already know whats wrong but what is your tips to overcome this adversity ? Thank alot for your share and your time my friend and keep the good work !

GOOD MORNING ALL ! heres my first trade this morning. was a lost.. maybe to early to enter the setup was not really AAA but I give it a try. feel free to comment. thanks

There is my second trade i regive a chance to a .60 maggnet...

Good morning ! there is my first trade of the day.Pretty slow market this morning. No major news.. Pretty big sell off last night. This trade was a little bit agressive due to the bearish market. but it seems ok with the bulls came back for the beggining of the US session. the buildup was on .40 level and we can use the .50 maggnet. so there is the trade. feel free to comment. Thank

Trade 2 for today. Pretty speciale beacause its really rare that i took 2 positions at the same time...

Hi Eurusdforex,

thanks for understanding! After these emotional "mistakes", I usually take some time off trading, which could be from some hours to some days, depending also on other personal aspects of my life and commitments of those days. Then, when I get back to trading, I try to be very focus on my emotions and maybe even just watch the charts for some time, without entering in any trades, just to re-establish my confidence and calm. How do you manage your trading psychology, in particular after similar issues?

As for your trades, for the first one (the loss) I can say that maybe the block after the range break could have warned you not to enter in the ARB. Anyway, it wasn't that bad and we know some losses are unavoidable.
The second one was better, even though seeing a ceiling test before the ARB would have made it even superior.
For the third one, I think some more distinctive lows in the range would have made it more reliable, but as you said the 50-level was a nice magnet.
Last one: the RB was great, the ARB maybe a little far from the top barrier but still good overall.

So you allow yourself to take two positions at the same time? How do you manage them then?

Hi my men ! good to see you this morning
On my side sometimes its hard to not ''revange trade'' or over trade when i get a lost. But in the last few time i try to be more ''probability mindset'' like you said we cant win 100% of our trades and the setups cant be perfect all the time we need to be a little bit flexible... I really try to take just the setup that i know my analyst is good and the odds are on my side.. Before i was trading all the setups and get stop out to much time... For now, i really look the market conditions and if i'm not sure i prefer to stay on the sideline.. I try to practice my self to not take a lost personnal its a part of the process like bob volman said we need to look at our trading like a buisness and the lost are the buisness expences.. not all the time easy but duable. we cant be emotional on the market because it will be really hard haha !

Thank for you analyst and your comments on my trades I really appreciate.

And normally I dont allow myself the permission to take 2 trades but for now i risk 1% of my capital on each trade. So when i saw the setup, my first position was already on the green so i retake a second one (2 positions with 1% risk each) so its was a 2% risk total... I admit that my second entry was dangerous because the stoploss was like 9 pips (maximum that we can allow is 10..) so thank god the trade was a win

See you soon have a great last trading day tomorow

Okay Eurusdforex, I got your reasoning!

I would like to here an opinion on the reversal exit I applied on my last trade (see chart attached). Was it too aggressive? In my opinion it was a proper call to bail out after the dashed line was broken.

Let me know please!

Good morning GC-Finance ! I hope you doing good today. I dont think it was a bad call. I think in trading you need to stay on your strategy and on you confort zone so if you think the reversal was to agressive for your taste you made the good choice. But on my point of view on this particular price action. here my analyst. and if I can share something with you heres my advice : Why not simply try the following. if the setup is worth taking, then stcik with it towards its intended target and only scratch if either the original stop or a trialing stop is hit. If at anypoint the trade start to falter, but you don't have a level for a tighter stop yet, then simply stay in. Hope this helps you on your way.

Thank you so much Eurusdforex! The dashed line was indeed my trailed stop. In Volman's second book the reversal exit is very similar to the tipping point technique presented in his first book, he just focuses more on the break of M and W patterns middle parts.
So after the prices pulled back to EMA I trailed my stop above the high of this pullback (the little doji matching the dashed line) and later, when the line was broken, I scratched my trade. This is basically in line with both the tipping point technique of the first book and the reversal exit of the second one (it broke a pullback high and the middle part of a W-pattern), isn't it?

As for your analysis on the chart, my stop was lower on the last (mini) high at about 75 points from the entry (so in total about 100 points loss if taken out). The target was my normal TP of 200 points coinciding with the former low, as you wrote in the chart. I use a 24 EMA (not 20) but the difference is minimal. As for the reversal candle, at the moment the dashed line was hit, it looked very bullish. Then yes it turned to be only a wick-perforation but I couldn't know it in real time. Anyway, thank you for your analysis and advices! I will consider being less aggressive in scratching trades and trust more my strategy!

My pleasure my men ! and yes like you said in real time it was probably looking bullish! SO good call to scratch the trade!

Hello! there is my trades for this morning. I think the week is over friday evening is always tricky... Have a great weekend and feel free to comments !

I'm joining just the result of the 2 trades this morning just to show you that i'm really taking the trades that i show you.. Because it can be easy to analyst **after the movement** and I like to be transparent. So there is the proof.

Great trades man, the scratch also was a proper call in my opinion.

No need to prove it for me, but I understand you. Thanks for being transparent!

I'm closing now, will probably post again on Monday. For you it's still morning so good luck for the trading session and have a great weekend after that!