Disliked4hr canlde closes in 1hr 10min
ive got my confirmed 1hr short signa in additon to otehrs
close below 100sma 4hr--and this will rockIgnored
Just for your info, Japanese's treasuries is very bearish at the moment ..
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Disliked4hr canlde closes in 1hr 10min
ive got my confirmed 1hr short signa in additon to otehrs
close below 100sma 4hr--and this will rockIgnored
Disliked4hr canlde closes in 1hr 10min
ive got my confirmed 1hr short signa in additon to otehrs
close below 100sma 4hr--and this will rockIgnored
DislikedHi everyone,
What is the correlation between Nikkei Index and GJ? Nikkei close lower will bring GJ down as well? Hope you guys can clear my doubtIgnored
DislikedFxManager Position Update
Short Position open at 20:12 EST @ 237.57.
(Aus is at work ..... )Ignored
Dislikedmarkam, you traded more than 29 times in the last 24 hours? that's quite a lot! are your targets very small?Ignored
DislikedSome of them were trades I opened several days ago. I also open multiple trades when I place an entry, so I have the flexibility to close part of my position if I want to.
I will admit that one of the 29 trades was closed with 0.7 pips profit.Ignored
DislikedFor the benefit of newer traders, I will describe how I screwed up after getting 26 out of 29 wins in the last 24 hours.
I analyzed my trade 6 hours ago, and correctly determined what would happen during the Asian session. I placed my shorts between the US and asian sessions (right at the GJ peak). The market started down as soon as the japanese stock market opened, just as I expected.
Then I started worrying and overanalyzing the US afterhours data. I got nervous and closed my shorts, because I thought the market might reverse. At that point, I was happy, because I had booked a nice profit, even in the short time I kept my shorts.
Of course, when the market kept going down, I got pissed. I jumped in during the move down and of course the market did a quick move up. Like a complete newbie, I closed my short and opened a long for a retrace. A couple of minutes later, the market turned back down. I then made my last mistake by hedging my long right as the market finally reached bottom.
I broke all kinds of trading rules with that fiasco.
1. If you have a strategy you are comfortable with, enter your trades, set your stop and limit, and leave it alone.
2. If you are in a winning trade, don't exit too soon.
3. never try to enter into the middle of a fast move.
4. If you break rule no.3, for gods sake, give it a chance. Don't close it 30 seconds after you open it.
5. Never try to guess the bottom. If you are going to trade a retracement, analyze the charts and set up your trade instead of blindly guessing.
And the most important rule. If you have broken all the other rules, don't panic. Set up your next trade properly and you can recover your losses. I have already made back what I lost from my brief period of stupidity.Ignored
DislikedDon't worry, I am sure that your next long will shoot straight up to 251.Ignored
DislikedSome of them were trades I opened several days ago. I also open multiple trades when I place an entry, so I have the flexibility to close part of my position if I want to.
I will admit that one of the 29 trades was closed with 0.7 pips profit.Ignored
DislikedIs everyone on here using some EA, and is one better than another? I really like AUS's 15m g/y trader for MT. Is there some other system I should be using as a newbie or is this fine? Also happy Bday HM.Ignored
DislikedJust trying to fill in the blank at the moment .. thought would be useful to share it .. it's a bit different from Aus' 15 min strategy
I took a short trade right after the confirmation of QQE(60) and the candle closed below the cloud. Got in a few pips late @236.94 and ride for 50 pips. If you can get in as close as to the cloud is even better after two confirmations of the above are met (Pls see chart).Ignored