Great work GC-FINANCE your patient this morning was really great. And like you said not always easy to just watch the action.
1
There is my trade this morning. Patience is key and i do like you gc-finance this morning i was selective{image}
{quote} Nice! Yes be careful with the different pips/points values for other instruments. As for my chart, thank you for commenting! The first comment, yes I think it was a SHS variant but I couldn't find the proper spot to enter. Second one, yes the setup was nice but the market was bearish earlier on and the news report put other pressure on the bear side, so I was a little intimidated to go long (maybe more psychologically than else). For your trade, I think you did well. It's so easy to judge in hindsight and say you could have stayed in. You...
What kind of emotional obstacles do you have? is it your trigger finger? Fomo? maybe a combination of things? Feel free to share, there is always a solution for most of things.
looking at your charts I think you did pretty good. The third screenshot you shared i felt free to add some comments again
. It is what i see in the price action.3 and 4 would have been good possible trades.
But as you already mentioned, a analysis afterwards is always easier. But for learning purposes, often a good choice.
If you have to look hard for a trade, it is probably not there
Good morning folks ! I hope you guys doing great ! Honnestly GC-FINANCE i feel you my men ! Sometime our analyst are good and at the moment as we click the button the market go immediatly against us... Bad feeling for all traders for sure... I'm working on my emotion side too but I think we need to stay focus and not be affect by a lose or even a win. We need to trust our system and see it like a odds game. Its hard to not beeing shake but on your chart a couple minutes after your first scratch the setup was there so why not giving a second try (+ i thnink the pressure buildup was great) Samething with the second setup. We cant be right all the time . I'm sure that all trader facing this all the time. But the good thing on your side is you see and you accept that your not right so you scratch the trade with a minimal lost. Your next winning trade will probably regain this and maybe even more 
Keep the good work my friend and continu to be patient and selective. I will try to do that on my side to haha !
Keep the good work my friend and continu to be patient and selective. I will try to do that on my side to haha !
Keep the good work GC-FINANCE and maybe for next few days minimize your lot size and try to overcome that fear when you get a lost and you see another valid setup just couple minutes after your lost ? A small lot size will maybe make less emotional reaction? And when you will be sharp on this go with bigger lots and yess haha i take always RB on this days.. rarely IRB or ARB. On my side i dont really understand the BB setup and with a slow market like these day i dont like the DD-FB-SB. i almost NEVER trade FB. and when is trade DD and SB i want to see a hard trending market (not the case on EURUSD last couple weeks) Thanks again for your support guys and makes that journey great ! I really like to share and read your stuff !
and yess haha i take always RB on this days.. rarely IRB or ARB. On my side i dont really understand the BB setup and with a slow market like these day i dont like the DD-FB-SB. i almost NEVER trade FB. and when is trade DD and SB i want to see a hard trending market (not the case on EURUSD last couple weeks) Thanks again for your support guys and makes that journey great ! I really like to share and read your stuff !
Good morning PA WIZARD ! I hope you doing great Really nice advice from you on your last post. On your side, did you track all of your trades ? Like what was the setup, how did you feel when you enter the trade and how you manage it ? I want some informations about your way of proceeding its really interesting to see how other doing. Can I ask you guys for how long did you trade?
About your question, on my side I trade with 70ticks charts and i enter in the trade immediately after the breakout I dont wait the close of the candle. On the other hand like you see on my charts I always wait to see nice buildup before the breakout with a clear support/resistance barrier. Not to far of the 20 EMA.
Thank again for your sharing
Really nice advice from you on your last post. On your side, did you track all of your trades ? Like what was the setup, how did you feel when you enter the trade and how you manage it ? I want some informations about your way of proceeding its really interesting to see how other doing. Can I ask you guys for how long did you trade?About your question, on my side I trade with 70ticks charts and i enter in the trade immediately after the breakout I dont wait the close of the candle. On the other hand like you see on my charts I always wait to see nice buildup before the breakout with a clear support/resistance barrier. Not to far of the 20 EMA.
Thank again for your sharing
Good morning PA WIZARD ! I hope you doing great
Yes i track everything I do, i have a excel sheet for every strategie im using or testing. In that sheet is a collumn for the instrument, date, (long/short), entry screenshot, exit screenshot, and the potentiel RR the trade would have been, maximum is a 1:2,5 RR (I attached an example) I dont track the emotional part, only as a comment if it really influenced my trading decision.
Im trading for around 7 years more or less, with huge ups and downs, many strategie hopping. But im proud to say im on a profitable way (not blowing accounts but also no huge gains) since 2 years, not enough yet to life from it.
If you have to look hard for a trade, it is probably not there
Hello guys, thanks for the support! A lot of things to answer! - The lot size isn't really an issue for me. I had (and still have a little) the same problem when trading with a micro lot or even on the demo account. - I've been (manually) trading for about one year, including the demo trading in the first months. Before, I had experience with EAs plus some knowledge from my studies and some casual trading attempts about 10 years ago. - In this period, when possible, I trade 3 hours in the morning and 3 hours in the afternoon, more or less. Of course...
A book that helped me was "the secrets to emotional free Trading" from Larry Levin. Not all of it is valuable but i found the manifesting part of it very good.
I think there is a PDF of it in the www , im not sure If im alowed to post it here
. If you search it you will find it.You are right ,maybe it was a little bit premature but im always cautioned by bars with huge wigs. Especialy in resistant oder support zones. When there is no sign of continuation, i scratch my trades.
Do you guys often get faked out with entering early on the break? Or would you say on the long run it doenst really matter?
If you have to look hard for a trade, it is probably not there
{quote} Seems like you know all the valuable stuff, to implement them can be difficult. A book that helped me was "the secrets to emotional free Trading" from Larry Levin. Not all of it is valuable but i found the manifesting part of it very good. I think there is a PDF of it in the www , im not sure If im alowed to post it here
As for the breaks, no I don't think it really matters on the long run. Most of the time the breaks come after a long progression of bars, which point in the direction of the trade, plus the buildup at the end. So even if the breakout bar gets eaten back, it doesn't go so far usually and in the next few bars it actually pops. Of course, it happens to be shaken out occasionally.
Anyway, if I remember well Volman recommends this technique in both of his books (not to wait for the bar to close). I also understand that in a higher timeframe the situation is slightly different so I cannot guarantee you that in your case it's the best option.
Hey guys ! Nice to see you even on days off! Hope you guys doing good ! Thanks alot to both of you for your sharing really appreciate and nice to see your journey. I find the book too PA WIZARD so thanks for the suggesion i will read it on the next few days On my side about entering before the candle close doenst really matter and I enter always when the signal bar get broke. Most of the time the price broke and couple bar after recame test the barrier before really take his direction. And I confirm that Bob Volman on his first book reccomends to enter direct when the signal bar get break.
Thank alot again and have a good day see you tomorow!
On my side about entering before the candle close doenst really matter and I enter always when the signal bar get broke. Most of the time the price broke and couple bar after recame test the barrier before really take his direction. And I confirm that Bob Volman on his first book reccomends to enter direct when the signal bar get break.Thank alot again and have a good day
see you tomorow!
- #480
- May 8, 2023 12:06am May 8, 2023 12:06am
{quote} Dankeschön!
. I hope you find some valuable things in it.{quote}Anyway, if I remember well Volman recommends this technique in both of his books (not to wait for the bar to close). I also understand that in a higher timeframe the situation is slightly different so I cannot guarantee you that in your case it's the best option.
I will let you guys know when i backtested it and or have enough live trading data.
Hey guys ! Nice to see you even on days off! Hope you guys doing good ! Thanks alot to both of you for your sharing really appreciate and nice to see your journey. I find the book too PA WIZARD so thanks for the suggesion i will read it on the next few days
Hey guys ! Nice to see you even on days off!
If you have to look hard for a trade, it is probably not there