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Forex intraday using the 5min chart: EURUSD 108 replies
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DislikedNow, here comes the second trade, where, typically for me on a Friday, I make my pips and then give them back because I'm wanting to make more. It's another version of the not wanting to be left out syndrome, where emotions enter in, not because I feel left out but because I'm wanting to prove to myself that I really am getting this trading thing down. The result is the same. I'm no longer as focused on the price action as I need to be, and I am thinking too much about making the trade a success (that I can even share with others!) --TonyIgnored
DislikedOldDog it was like you wrote the exact same thing that happens to me after a long day of work, if its of any help I think that the "not wanting to be left out syndrome" that you discovered is pretty common in our profession, but well, i have to tell you that all your posts are much apreciated and Its good to also know thats not only me thats "using" all of you great traders to learn more everyday. Keep up the good work and have a great weekend.Ignored
DislikedDear fellow seniors,
Is this still consider 3 sister formation? The MAs does not follow according to the rules.
AlpeIgnored
DislikedJust to show people what happens if one try to trade the SIDMOVs.
I couldn't follow the trade but it doesn't matter - it was a stupid mistake. No triangle formation (no higher lows - just a area of resistance), no signal. 21 is going back into the non-trade zone. I am not even going to write comments because there isn't any. A pure gamble trade because of no patient/discipline.
EA triggered my SL for -15pips. Too bad. Won't do it again.Ignored
DislikedJust to show people what happens if one try to trade the SIDMOVs.
I couldn't follow the trade but it doesn't matter - it was a stupid mistake. No triangle formation (no higher lows - just a area of resistance), no signal. 21 is going back into the non-trade zone. I am not even going to write comments because there isn't any. A pure gamble trade because of no patient/discipline.
EA triggered my SL for -15pips. Too bad. Won't do it again.Ignored
DislikedThanks a lot for the sharing MxPips. Let's use each other as much as we can!
The following is a Word '97 document format written copy of Phillips last mp3 for anyone who has difficulty understanding spoken English. --TonyIgnored
DislikedPhilip - "And, by trading small, I don't think it was meant in terms of losing small all the time. It's about risking a certain percentage of your capital. That was the small I think, that was intended there." - Correct.
Golfer - "Not every member/trader trade the same way and what is working for me, is not necessarily going to work for you." - This is common sense but I am afraid it is not so common.
Golfer - I refrained from adding comments or elaborating on my rules/strategy simply bec. I know, one day, there will be an argument on how I trade. I also believe by just watching the charts I have posted, some will be able to get an idea on how I trade. That is what I did when I look at the first page of this system. Only the first page and I never asked any questions regarding this system. Simple is best.
You can usually see through a person's character by how he writes. Things like "Thank you for your remark", "I agree with you", and "Thank you for your comment". He's trying to make it appear like someone is on his side. Now, I did not say they are on my side.
My definition of a stupid fool stands. They never learn. They are so narrow minded and thinks they are so smart they have to say "I just wanted to inform you that Warren Buffet blah blah blah.. and George Soros blah blah blah...". Well, what effect are those in trading? Absolutely nothing. It is just for his ego. He thinks that engaging in this type of conversation makes him look intelligent and be "in the crowd". Trying to let people think he knows something but in fact he knows nothing.Ignored
DislikedOn page 1 - very first link explained by the master (Phillip) himself.Ignored
DislikedThanks a lot for the sharing MxPips. Let's use each other as much as we can!
The following is a Word '97 document format written copy of Phillips last mp3 for anyone who has difficulty understanding spoken English. --TonyIgnored
DislikedThanks a lot. I am reviewing your set of rules. Thanks for the help.
trademeisterIgnored
DislikedSorry Golfer.To make sure.Your entry's been 2 candles before the big bearish candle.Am I right?
MikeIgnored