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
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DislikedWell overnight I see the4-hour has found support and is still on track to the target level... {image} I only made a total of 23 pips yesterday. It was so slow. After a slow market day, I am always wary that a bigger move is in the making.Ignored
DislikedAnother 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...Ignored
DislikedMade the 1-hour ABCD now what? {image} Have to wait a tad and see what sets up.Ignored
Disliked{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}Ignored
Perfect. Price not reach daily EMA as i guess, but when i saw H1 HD bear + M1 EMA make LH/LL, i short.
Wonderful, and result is ...?I'm forget today have strong news, it just hit my stoplosss.
Tell me, how can you make same mistake twice? You yourself know that you need to observe price BEFORE strong news, and make decision of whether hedge, close or move stop, right?Well, i'm lacking of a tool call " Alan handy little list of things", you are not provide that for me yet.
I will provide that to you tomorrow, promise me you better not repeat that mistake againDisliked{quote} I think Alan is right as always. This spring is winding up slowly ready to blow. H4 is showing signs of divergence for a drop. H1 is OB, possible crash back to daily open.Ignored
DislikedGot lucky there after that dollar news for +63pips. I bet Alan got 65 at least!! {image}Ignored
Disliked{quote} And there it was. crashed back to daily open as predicted. Getting good at this {image}Ignored
Disliked{quote} Couple of things to point out here for your edification (nice word). And yes, you are getting good at this. {image}Ignored
Disliked{quote} Cheers Al, I keep looking at this RSI hidden indi of yours and find it totally baffling. The middle line in the RSI channel is just RSI(14) by the looks of it. So what part of the hidden RSI are we drawing the horizontal line from? I understand the hidden divergence concept like when we get a pinbar but this indi is driving me insane. If we draw a line from the middle RSI line outwards then the upper RSI channel does cross that line and there is a gap to the normal RSI(14) which would suggest hidden divergence. Am I right? {image}Ignored
Disliked{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}Ignored
DislikedHi Nala66, just out of curiosity, do you still use the Quartile method in your 'The Quartile Trader' thread? Is it still effective?Ignored
Disliked{quote} I use it to measure the distances for the AB=CD because it quickly gives me the levels.Ignored