without patience how can you be a trader?
- #8,789
- Aug 4, 2023 1:41am Aug 4, 2023 1:41am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
every minute matters!
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Disliked{quote} What's funny is: as true as having patience is necessary, being able to quickly exit at predetermined targets is also required. I was going to and should have exited at the 50 EMA after my first entry. I thought it might go to the 200 EMA, which I still think it will. Something else that's hilarious: by the time it does go to the 200, it'll be near the same price as the 50 EMA was when I should have exited LOL. Now I'm 4 entries deep with TP's set as it starts dropping with 47 minutes left in my allotted trading time: {image} Trade and learn....Ignored
Disliked{quote} No one knows what will happen in the future. Even if it's a few minutes. I try not to predict what future market movements will be like, let alone to set a target, when we expect to achieve this target, the market always doesn't touch our target. From there I draw conclusions, just follow the market flow by paying attention to the leg and body of the candle. Especially when all the candles move in 1 direction with good market volume, we can steal a few pips when there is resistance. xinitial.Ignored
Disliked{quote} otherwise known as "feeling the market"! you are doing very well, keep it up!Ignored
Disliked@cpfleger. It looks the same, what a coincidence to have the same thoughts. xinitial.{image}Ignored
Disliked{quote} I use KOF. You can tell from my history that I scale-in like KOF did in the tough trend video. The only difference is that I always tp at ema20.Ignored
Disliked{quote} Interesting to know. I love KOF videos on Youtube. I was thinking though if I was premier league footballer this is how I would trade. Just trading 4 or 5 pip moves on the M1 chart but 10 standard lots! (Yes I know he has flipped smaller accounts).Ignored