Thanks for the help guys. After live trading 3 weeks, I am up .1%, so I don't feel so bad. Though I have not hit any big trades yet, I am still above water. But my knowledge and confidence has grown greatly in these 3 weeks.
I don't feel as mad missing these trades, because I was asleep during the 1H break (for the EURUSD and GBPUSD) and I did not like the size of the 4H bar. I missed a good trade, but looking back at the size of the 4H bar, I don't think I would take it again. I missed it early, and taking it after a bar that size is pure speculation.
I will have to figure out how to set-up alarms in MT4, but I wonder if they will even wake me up, LOL. I sleep pretty heavy during my deep sleep for 4 to 5 hours in a row. After that I am usually easy to wake-up.
I am trying to sacrafice as much as possible to be awake when the markets move the best. I get up at 5AM for the 4H bar. I try to eye ball the 1AM bar the best I can when I go to bed at Midnight. Any other CST folks here? If so, when you normally schedule sleep?
Phillip, thank you. I can see the break down of the 8 EMA on the EURUSD when I was asleep. It was 2AM my time.
Do you guys use the MACD as a triger on the 1H as well, or only on the 4H?
Thanks!
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Thanks for the help guys. After live trading 3 weeks, I am up .1%, so I don't feel so bad. Though I have not hit any big trades yet, I am still above water. But my knowledge and confidence has grown greatly in these 3 weeks. Nice Job! Keep up the great work!!
I don't feel as mad missing these trades, because I was asleep during the 1H break (for the EURUSD and GBPUSD) and I did not like the size of the 4H bar. I missed a good trade, but looking back at the size of the 4H bar, I don't think I would take it again. I missed it early, and taking it after a bar that size is pure speculation. Again, Nice Job!! This shows tremendous growth!! The first step in an amazing journey
I will have to figure out how to set-up alarms in MT4, but I wonder if they will even wake me up, LOL. I sleep pretty heavy during my deep sleep for 4 to 5 hours in a row. After that I am usually easy to wake-up. LOL! I totally 100% understand this one! But, we have to sleep!! Just remember, not every move is mine....make that a mantra (it helps a lot when you sleep through a move, or just miss it b/c you've decided you did well enough for the week).
I am trying to sacrafice as much as possible to be awake when the markets move the best. I get up at 5AM for the 4H bar. I try to eye ball the 1AM bar the best I can when I go to bed at Midnight. Any other CST folks here? If so, when you normally schedule sleep? I'm not CST -- even worse -- PST! The market moves most between 11 PM and 6AM my time! The best thing (but I don't follow it consistently unfortunately) is to go to sleep at 8PM and up between 2 - 5 am, depending (that way I only miss 1 candle). I'm also finding through testing, that Asia can provide great opportunities to get on board of anticipated trades, especially when the pair has found rhythm -- then I don't have to watch as much. Lastly, when you test, note how long a trade lasts and when your entry time was...this may help you come up w/a more normalized schedule and help w/manual control, i.e. must watch screen, issues (we all have them, and should work on trusting our system more, imho).
Phillip, thank you. I can see the break down of the 8 EMA on the EURUSD when I was asleep. It was 2AM my time.
Do you guys use the MACD as a triger on the 1H as well, or only on the 4H? This is really why I responded to this post -- NO!! Only use the 1 hour Macd signal to confirm TC's. Do not trade RT/RB signals that don't confirm/in harmony w/ signals from the 4 hour charts -- you will be whipsawed and lose confidence in your trading skills. Once you get more confident and comfortable trading, the 1 hour will also give you opportunities to range trade, if you so choose, when price is stuck "swirling" around a major MA. Again, Don't confuse 4 hour w/1 hour and trade 1 hour signals. Focus on 4 hour first, master it, then think about looking at the 1 hour charts. Learn 1 thing at a time, then you will know it well -- then add next skill. Makes life much easier (especially if you got a full 7 hours sleep LOL!):
Thanks!
...... Mine our: God (if you believe), Country, self/family (these vary in order if you ask my wife/kids), job, trading... (at least until trading$$> job $$$).... Sometimes best to learn slow w/o the pressure you're putting on yourself. I'm relatively new, but I sense the urgency in your posts and that most likely filters to your actions... Let the market come to you....(on your terms)Pips4, thank you so much for your reply.
"Not ever move is mine" that is a great thought. Thank you!
I think the markets are pretty slow my time (8 PM to 2 AM) (this would be 6 PM to 1 AM) your time. I may just need to get my butt in bed by 9 PM and sleep until 2 AM and then get up to watch the markets, and doze off here and there.
Thank you for your nice comments. I am learning so much. I am back testing these long 4H bars today v. the 1H bars to see exactly what set-up on the 1H charts.
This has become priority #1 in my life. I will sacrafice anything else (other than a family emergency) to learn this skill.
Be careful with priorities, young Jedi
...You have the right mindset about learning and waiting!!
Here is a written copy of daily wrapup for the 14th of December for those who have problems in understanding the spoken English.
My congratulations to all who made pips today.
