I don't really like to talk about the money aspects, but what I can tell you is that...
For each $21.67 of profit, I have lost just 1dollar
You do the math.
For each $21.67 of profit, I have lost just 1dollar
You do the math.
2
Trading the Cable swings via averages
- #9,482
- Apr 24, 2024 11:11pm Apr 24, 2024 11:11pm
Another bad day, another loss. Here is how i trade yesteday
I'm busy yesterday so i miss our trade time, price is too near EMA H1
So my first order is at 1, i buy due to M5 DIV bull and got stoploss
I re-entry at 2, my target is 2454, the first EMA swing level on M5 (orange line), but i got BE +1 at X
After that, i feel i can't focus anymore, so i quit and call it a day
Look back, the fact i don't sell hedge at H1 50% AB=CD show i'm already lost focus. This is hard
I'm busy yesterday so i miss our trade time, price is too near EMA H1
So my first order is at 1, i buy due to M5 DIV bull and got stoploss
I re-entry at 2, my target is 2454, the first EMA swing level on M5 (orange line), but i got BE +1 at X
After that, i feel i can't focus anymore, so i quit and call it a day
Look back, the fact i don't sell hedge at H1 50% AB=CD show i'm already lost focus. This is hard
- #9,483
- Apr 24, 2024 11:51pm Apr 24, 2024 11:51pm
- Joined Mar 2016 | Status: Trader | 6,378 Posts
[quote=eliotjng;14843738]Another bad day, another loss. Here is how i trade yesteday {image} I'm busy yesterday so i miss our trade time, price is too near EMA H1 So my first order is at 1, i buy due to M5 DIV bull and got stoploss I re-entry at 2, my target is 2454, the first EMA swing level on M5 (orange line), but i got BE +1 at X After that, i feel i can't focus anymore, so i quit and call it a day Look back, the fact i don't sell hedge at H1 50% AB=CD show i'm already lost focus. This is hard[/quote]
Don't worry it will become second nature just like driving a car.
It might pay you to have a handy little list of things to watch for on a hard copy you can refer to.
I have added a couple of things here to your chart to consider...
Don't worry it will become second nature just like driving a car.
It might pay you to have a handy little list of things to watch for on a hard copy you can refer to.
I have added a couple of things here to your chart to consider...
- #9,485
- Apr 25, 2024 2:44am Apr 25, 2024 2:44am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
Made the 1-hour ABCD now what?
Have to wait a tad and see what sets up.
Have to wait a tad and see what sets up.
- #9,486
- Apr 25, 2024 3:17am Apr 25, 2024 3:17am
Another bad day, another loss. Here is how i trade yesteday {image} I'm busy yesterday so i miss our trade time, price is too near EMA H1 So my first order is at 1, i buy due to M5 DIV bull and got stoploss I re-entry at 2, my target is 2454, the first EMA swing level on M5 (orange line), but i got BE +1 at X After that, i feel i can't focus anymore, so i quit and call it a day Look back, the fact i don't sell hedge at H1 50% AB=CD show i'm already lost focus. This is hard Don't worry it will become second nature just like driving a car. It might...
My opinion, from daily chart already finish AB=CD and form DIV bull, maybe price today will come back at least daily EMA before go back ?
- #9,487
- Edited 4:57am Apr 25, 2024 3:49am | Edited 4:57am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
- #9,488
- Apr 25, 2024 5:07am Apr 25, 2024 5:07am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
{quote} Thank you for advice Alan, I will try your ideas tomorrow then. My opinion, from daily chart already finish AB=CD and form DIV bull, maybe price today will come back at least daily EMA before go back ? {image}
Here is the daily AB=CD for those who don't understand...
Note the only div that counted was after the target was hit.
- #9,490
- Apr 25, 2024 10:30am Apr 25, 2024 10:30am
Tell me, Jing, how was today trade ?
Perfect. Price not reach daily EMA as i guess, but when i saw H1 HD bear + M1 EMA make LH/LL, i short. 
I'm forget today have strong news, it just hit my stoplosss. 
Well, i'm lacking of a tool call " Alan handy little list of things", you are not provide that for me yet. 
- #9,493
- Apr 25, 2024 9:19pm Apr 25, 2024 9:19pm
- Joined Mar 2016 | Status: Trader | 6,378 Posts
{quote} And there it was. crashed back to daily open as predicted. Getting good at this {image}
- #9,496
- Apr 27, 2024 4:15am Apr 27, 2024 4:15am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
{quote} On further inspection I think I now understand the hidden divergence indi. First one is HD and the second is not HD. Quite why that is I have idea because they both look the same. Also looks like a big part of the move has been lost as well if we wait for the HD signal to show up. {image}
The first one was HD., you had no problem with that.
The second one was in regular bear div but it failed (expect a HH).
Look what happened with that expected HH. It ran into a bear HD.
Let me explain this a little....
This RSI is just a regular RSI of 14 periods, nothing unusual about that. However, as price moves the RSI repaints correspondingly with the price movements. This particular RSI also paints the highest and lowest levels the RSI reached giving us a history of the RSI movements fixing the highest and lowest levels moved to.
The value of this is we have a permanent record of the movements both of price and the RSI. Price has the wicks the RSI has this history. So I can look back and say I see the HD. I couldn't do this normally because it is HIDDEN.
We should chat about this more if it is not understood because it is very important.
On your chart it would look like this...
