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PA Trading with EMAs and common Sense

  • #601
  • Apr 20, 2023 1:20am Apr 20, 2023 1:20am
AUDUSD 1M

long off support and big round number again, targeting ema200 again, dejavu!
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then after it failed to break below my initial entry i lifted the target anticipating a break of ema200, again!
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but then closed manually due to price action just above original target and just below modified target, AGAIN!
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every minute matters!
  • #602
  • Apr 20, 2023 3:20am Apr 20, 2023 3:20am
XAUUSD H4 BOUGHT

Going for 3.5R here. Let's see how my luck is today. Good luck to all today!
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  • #603
  • Apr 20, 2023 4:14am Apr 20, 2023 4:14am
Quoting TheHusla
XAUUSD H4 BOUGHT Going for 3.5R here. Let's see how my luck is today. Good luck to all today! {image}
Closed at a small partial loss. It shouldn't have come back down if the move was going to happen.
  • #604
  • Apr 20, 2023 5:24am Apr 20, 2023 5:24am
Quoting TheHusla
{quote} Closed at a small partial loss. It shouldn't have come back down if the move was going to happen.
more often than not, if i'd had held firm with my initial instinct rather than make adjustments i'd be better off - easier said than done!

gold ran a V shaped recovery and would of kept you in the trade... i think?
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audusd did the same and i missed it while being away from PC, very disappointed, it would of been a third identical trade in a row!!!
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oh well, onto the next one - best of luck
every minute matters!
  • #605
  • Apr 20, 2023 5:35am Apr 20, 2023 5:35am
Quoting niks
{quote} more often than not, if i'd had held firm with my initial instinct rather than make adjustments i'd be better off - easier said than done! gold ran a V shaped recovery and would of kept you in the trade... i think? {image} audusd did the same and i missed it while being away from PC, very disappointed, it would of been a third identical trade in a row!!! {image} oh well, onto the next one - best of luck
Yeah mate, I agree, I think I closed it incorrectly in this case. Will review over the weekend. I really didn't think it would come down again.

Next Up GU - H1 BUY
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  • #606
  • Apr 20, 2023 7:11am Apr 20, 2023 7:11am
Quoting TheHusla
{quote} Yeah mate, I agree, I think I closed it incorrectly in this case. Will review over the weekend. I really didn't think it would come down again. Next Up GU - H1 BUY {image}
SL unfortunately on this one.
  • #607
  • Apr 20, 2023 7:39am Apr 20, 2023 7:39am
Quoting TheHusla
{quote} SL unfortunately on this one.
that got close to the target i think, very unfortunate, best to take your time for the rest of the session, i know it can be frustrating...

AUDUSD 1M

i got lucky it looks like - entered long off support targeting ema50 but then moved against me very quickly
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looked risky to cost average so let it run for a bit, then this happened!
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definitely got some positive slippage out of it as well!
every minute matters!
  • #608
  • Apr 20, 2023 12:16pm Apr 20, 2023 12:16pm
Quoting niks
{quote} that got close to the target i think, very unfortunate, best to take your time for the rest of the session, i know it can be frustrating... AUDUSD 1M i got lucky it looks like - entered long off support targeting ema50 but then moved against me very quickly {image} looked risky to cost average so let it run for a bit, then this happened! {image} definitely got some positive slippage out of it as well!
nice, yes looks lucky to me too.

Frustration is when expectations don't meet reality and reality is never the problem! I try my best to think in these terms as otherwise resulting negative emotional states tend to compound bad luck. I don't always succeed but try my best!
  • #609
  • Apr 20, 2023 10:37pm Apr 20, 2023 10:37pm
Quoting TheHusla
{quote} nice, yes looks lucky to me too. Frustration is when expectations don't meet reality and reality is never the problem! I try my best to think in these terms as otherwise resulting negative emotional states tend to compound bad luck. I don't always succeed but try my best!
the right luck always helps for sure... i just walk away now if a sequence ends up frustrating me and won't sit back down until i've completely forgotten about it...

like this one for me this morning - was in a decent profit but still short of target and ended up BE - just have to walk away to wipe out all negative thoughts of missing out before moving onto the next one - as we all know, easier said than done!

AUDUSD 1M

entered long off support targeting ema50 just above minor resistance
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it was looking good, so i lifted target, set BE stop, and was ready to close manually if it reached original target - well it just missed the original target - and i missed the PA telling me to close it, so ended up BE...
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and now its stuck in this crappy range, so i really didn't miss much, that also helps to wipe a frustrating trade from memory, i just try and find the positives out of EVERY situation...
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every minute matters!
  • #610
  • Apr 21, 2023 8:52am Apr 21, 2023 8:52am
GBPJPY H4 BOUGHT
Doji Entry
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  • #611
  • Apr 21, 2023 8:52am Apr 21, 2023 8:52am
GBPNZD H4 SOLLED
Doji entry
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  • #612
  • Apr 21, 2023 9:15am Apr 21, 2023 9:15am
Quoting TheHusla
GBPJPY H4 BOUGHT Doji Entry {image}
TP 1.5R.
  • #613
  • Apr 21, 2023 9:15am Apr 21, 2023 9:15am
Quoting TheHusla
GBPNZD H4 SOLLED Doji entry {image}
I wasn't sure of the range on this, as was counter-trend, so after news put it to breakeven. Either breakeven or TP now. Let's see
  • #614
  • Apr 21, 2023 10:02am Apr 21, 2023 10:02am
Quoting TheHusla
GBPNZD H4 SOLLED Doji entry {image}
Breakeven.

3/4 this week (excluding break evens) and one small partial loss as well. Whilst at times frustrating, the week was a good one with good luck!!

Hope you guys are good.

@vvm - wie gehts bro? I hope you are well.
  • #615
  • Edited 8:45pm Apr 22, 2023 3:58am | Edited 8:45pm
Quoting TheHusla
{quote} Breakeven. 3/4 this week (excluding break evens) and one small partial loss as well. Whilst at times frustrating, the week was a good one with good luck!! Hope you guys are good. @vvm - wie gehts bro? I hope you are well.
good to hear, staying sharp with another positive week! it was a tough end to the week with random moves so good effort, i ended the week with a couple of small losses and breakevens but still a positive week for me as well...
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this was much the same as last friday for me, the problems occur when i start thinking about being stuck in a trade over the weekend which i avoid at all costs and end up cutting many trades short as a result, its just the way it is on a friday for me which is why i generally don't like trading in the last few hours of the week but when i get it right it can really end the week with a bang!


all good just away from pc, vvm has been quiet, hope he's well too

BTCUSD 1M (DEMO)
short off resistance targeting previous level of support - cost averaged but missed the top for a third order, reached target as planned!
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used volume analysis as well, simply identifying volume peaks with price drops
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and now it formed a head and shoulders and the break appears to have failed, but it might be a failed failure!
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enjoy the weekend
every minute matters!
  • #616
  • Apr 23, 2023 1:13pm Apr 23, 2023 1:13pm
Quoting niks
{quote} good to hear, staying sharp with another positive week! it was a tough end to the week with random moves so good effort, i ended the week with a couple of small losses and breakevens but still a positive week for me as well... {image} this was much the same as last friday for me, the problems occur when i start thinking about being stuck in a trade over the weekend which i avoid at all costs and end up cutting many trades short as a result, its just the way it is on a friday for me which is why i generally don't like trading in the last...
Cheers bro, there were quite a few random moves so happy with the results for the week.

Glad to hear you finished positive too!

If trading late on a Friday is a problem for you just don't do it. Have a rule where you stop trading 1-2 hours into NY session. Ultimately you just need to look at patterns in your losses and wins and then put steps in place to minimise them. Thinking over the long term is key. If end of session trades on a friday lead to a lot of losses but then one week you have some amazing luck then that one big win doesn't negate all the previous patterns in losses. Just got to look at stuff over the long term, sniff out patterns and adjust. This whole game is just a process of adaptation and evolution while testing our 'theories" in the market.

Yes, I don't know why vvm is so quiet. I hope he's okay.

Let's see what next week holds!
  • #617
  • Apr 23, 2023 9:24pm Apr 23, 2023 9:24pm
Quoting TheHusla
{quote} Cheers bro, there were quite a few random moves so happy with the results for the week. Glad to hear you finished positive too! If trading late on a Friday is a problem for you just don't do it. Have a rule where you stop trading 1-2 hours into NY session. Ultimately you just need to look at patterns in your losses and wins and then put steps in place to minimise them. Thinking over the long term is key. If end of session trades on a friday lead to a lot of losses but then one week you have some amazing luck then that one big win doesn't...
excellent advice as always thehusla! that was the second friday in a row now with the same result and i need to carefully reconsider my approach to end of week trading - my plan is to always avoid it, which i generally do - but that leads to a weakness which demo trading cannot strengthen. so looking back on it and after digesting what you have said, if i decide to pursue tackling the challenge of end of week trading, i'll do it with significantly smaller lot sizes, my goal is not to land a windfall profit, it is more about developing the positive mindset to trade during that time - thanks for the support...

well, the week started with some robotic PA! i was not sure what to make of what i was seeing on the AUDUSD, for the last five minutes of the strange PA it was bouncing 10 PIPS with normal spread EVERY SECOND - WTF!!! can you make money from that???

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anyway, best of luck and hi to vvm
every minute matters!
  • #618
  • Apr 24, 2023 3:57am Apr 24, 2023 3:57am
Quoting niks
{quote} excellent advice as always thehusla! that was the second friday in a row now with the same result and i need to carefully reconsider my approach to end of week trading - my plan is to always avoid it, which i generally do - but that leads to a weakness which demo trading cannot strengthen. so looking back on it and after digesting what you have said, if i decide to pursue tackling the challenge of end of week trading, i'll do it with significantly smaller lot sizes, my goal is not to land a windfall profit, it is more about developing the...
No worries bro!

This happens when there is no liquidity. If you look at highly illiquid assets the charts look like this. Best to stay away when you see that as will be huge spreads.

To kick things off this week GU BOUGHT H1
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  • #619
  • Apr 24, 2023 5:26am Apr 24, 2023 5:26am
Quoting TheHusla
{quote} No worries bro! This happens when there is no liquidity. If you look at highly illiquid assets the charts look like this. Best to stay away when you see that as will be huge spreads. To kick things off this week GU BOUGHT H1 {image}
finished at breakeven
  • #620
  • Apr 24, 2023 5:26am Apr 24, 2023 5:26am
Quoting TheHusla
{quote} No worries bro! This happens when there is no liquidity. If you look at highly illiquid assets the charts look like this. Best to stay away when you see that as will be huge spreads. To kick things off this week GU BOUGHT H1 {image}
that's the thing, in those last five mins spreads were reasonable only one and two pips, but price was up and down ~10 PIPS EVERY SECOND... maybe orders wouldn't get filled, if i was on pc, i might of tried to trade it on the demo, easy money if it works!

anyway, looks like your trade almost reached target, hope it goes well...
every minute matters!
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