Going to take a break now.
- #4,624
- Jan 24, 2024 6:31am Jan 24, 2024 6:31am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
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DislikedHere's the first two live trades I've made attempting to use your system. First trade I entered on macd cross and bull candle breakout of ema. Exited because macd printed a lower high, the candle turned red, and price was approaching resistance area. I guess it was too early because the candle didn't close red and the move kept going. Which exit signals should I look for? I tend to close winning trades too early. Second trade went short on macd bear cross and red candle outside ema. Again I hopped off when the macd printed a higher low. This move...Ignored
Disliked{quote} I don't talk much on this thread but I will say you took some pretty good trades the only thing I would have done differently is I would wait for a red candle first to determine whether you exited the trade or not in that instance no red candle or green candle went the opposite way of the original direction I have noticed that rocky usually determines his exits when a candle goes the opposite way of the original direction so personally I would have held those trades its mostly a psychology issue then a trading one... of course I could be...Ignored
DislikedHere's the first two live trades I've made attempting to use your system. First trade I entered on macd cross and bull candle breakout of ema. Exited because macd printed a lower high, the candle turned red, and price was approaching resistance area. I guess it was too early because the candle didn't close red and the move kept going. Which exit signals should I look for? I tend to close winning trades too early. Second trade went short on macd bear cross and red candle outside ema. Again I hopped off when the macd printed a higher low. This move...Ignored
Disliked{quote} First I see nothing in MACD to suggest exit Signal lines and bars indicate strong move. ADX no real indication to get out. PA is the ultimate indicator to get out, MACD and ADX are secondary. Your problem is psychological, fear of loss. You made good trades and got good results but you could've gotten more. But as soon as PA wobbles you get anxious. Super common problem. So some questions for you 1) What was size of your S/L. 2) Do you move you stop up when price moves your way. 3) do you move your stops to B/E at a certain profit point....Ignored
Disliked{quote} First I see nothing in MACD to suggest exit Signal lines and bars indicate strong move. ADX no real indication to get out. PA is the ultimate indicator to get out, MACD and ADX are secondary. Your problem is psychological, fear of loss. You made good trades and got good results but you could've gotten more. But as soon as PA wobbles you get anxious. Super common problem. So some questions for you 1) What was size of your S/L. 2) Do you move you stop up when price moves your way. 3) do you move your stops to B/E at a certain profit point....Ignored
Disliked{quote} On these trades I didn't have a stop loss set. My plan was just to monitor them and exit on the first opposite colored candle. In other situations I've been known to move SL up when price goes my way or to move it to BE after I'm in profit, trail it etc. Generally my fear of loss is so strong that it'll actually prevent me from setting a SL at BE because I see that break even trade as a loss after I'm in profit. Very bad I know. Will try to set the stop to BE and just let it run next time I'm in profit. Also which ADX exit indication are...Ignored
DislikedLast 4 trades from 11-1 session, I am done for the day. Choppy, jumpy day. {image}Ignored