don't give up my friend...

i closed my trade before hit tp 1.. but with profit offcourse
why?

1. i see the price sideways.. and try to break hig but two candle stick show us that failed

2. HANGING MAN candle stick is there (not in Daily)

3. New Down Trend Line (DTL) is near to the price

4. Bad influence from Chating with other trader.. looking at chart more than 6 hours.... so i can't just SET IT and FORGET it

the chart...

the most difficult is discipline... the Enemy is not the market.. the Enemy is ourself

but one thing my friend say to me.. 1 pips profit is better than 10 pips lost

i got 25 pips in one trade, and 19 pips in others



please give me your advise so we can make it better, thx

here we go

i have some project, so i can't touch this forum until 5th December...

i hope you can make any improvement for our lovely Mouteki,

my last chart just like this

so have a nice pips...

if you have Open Buy like post no #46... so the tp 1 is hit

i mean.. post 47....

waow... i can imagine Cable will rise like this...

but here is my chart trade

if we use MOUTEKI, we will have Sell Signal (red) and then buy signal (GREEN)

if we cut take 1st signal we have 1.8972 SHORT.. and if we take 2nd signal, we can cut lose 1st trade and reverse to LONG at 1.8989, so we lose about 17 pips..

we look at 4 hr stoch... it's overbought.. but in Daily it's not...
macd still give good momentum...

tp1 at 1.9034 hit and we got 55 pips .. hmmm not bad

daily chart

if we have good discipline to use stoch 4h as our filter.. so we should not take trade as stoch is over sold... maybe we lost our opportunity, but it's better than we lost our capital

here is my new setting chart with new fibbo at hi-lo previous week

i post here Murray chart setting.. i'm not using it.. but i think it's a good tools.... hope sombedy out there has experienced int Murray nethode and share with us

today chart...
good luck

mate how have you drawn you're line?
Which two point have you taken?
M$M

stevenali, you are wrong. The candlestick did not closed below the trend. And i don't think there is any trendline going on. Eager to lose money? lol

well... thx friend... i did draw the wrong down trend line... still minus 44 pips now..

but i'm glad knowing you all have attention to my money....

thx...

here is the right chart

wrong again. There is no visible trendline as yet.

A good way is read through mouteki powerpoint presentation again. Grab an idea of how he find the "point 1" and "point 2".

please post your chart here.. thx mate!

You must know how to draw trendline.

Attach is my question to you.

im still trying to learn this...
Jayzee..why is there no point 2 yet??
you look to the left for a lower close AND two candles to either side which have a higher of same close...correct?

Too near to consider to create a trendline.
Mouteki had present good example in his tutorial on how setup should be like
http://www.forexfactory.com/forexfor...ead.php?t=8464

Take a moment and compare with this gbp setup. You will see that the current setup is just too near to each other to be consider as trendline.