Thanks Xaron,
I'll just keep going and looking for the high probability setups.
Rob
I'll just keep going and looking for the high probability setups.
Rob
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DislikedI get home from dinner, and on opening the charts, two tradable pullbacks.... No trade, because I was not at the pc.Ignored
DislikedI came across this picture of a trade of mine - I don't think I've posted it (if I did, forgive me). Just to show you people what a negative trade (-18pips)looks like. Nothing really wrong with the trade - only the big bullish candle probably.Ignored
DislikedThanks for these examples, Willem! An interesting item I'm noticing about when a candle breaks through your small support or resistance lines is that it can move very quickly, possibly not giving one time to take a smaller loss, meaning that one has to be very quick and decisive, definitely knowing they're going to take a smaller loss at that point. I've found myself about two or three pips away from my stop and saying to myself that I might as well let it run. What's the difference between two or three pips? But I'm thinking that, in a losing trade, the difference, when I start trading larger amounts, might be $20 to $30, $40 to $60, $80 to $120, etc. I'd better get used to that concept now. It would be a shame to learn it with those or higher losses, just because I've given up the trade. Your continued instruction is very much appreciated. --TonyIgnored