$urvive, Pre$erve & RESPECT THE TEACHER
Dislikedok.. checke it out guys..
i did not take that bearish countinuation signal.. but i take this long signal out of this litte fcr.. why?
simple commonsense.. the most i'll lose is 13 pips (RR in my favor).. it pays off great if its a real reversal... if not big deal..
DislikedFX, if you don't mind to answer my question... does not taking the bearish continuation have something to do with the fact that we have a pretty important FCR on the 69/70 area?
Together with the already mentioned risky activity of jumping on second, third continuations...
Dislikedyes its a good observation but you got no structure there.. until price does not break the 4598 there is no solid confirmation of L/L to not be broken.. its a good way to get cut in the fire JP..
I know your losing only 6pips.. but you rather lose 20pips smartly and lose 1 pip stupidly..
lets stick to the double bottom and fcr... just imagine if it would have countiued and where would you be now?Ignored
Dislikedno.. definatly has nothing to do with the 70/69.. thats history.. i am all about now and most recent activity..
simply your second paraghraph.. and my read of the market.....Ignored
DislikedThanks for that, to me is a good rationale, which is the proper way to risk my money, instead of following this or that indicator as a robot... I try the questions always to be refreshing in mi mind: why I am on this deal, what I expect from it, what IF it does not work the most expected scenario, and what to be applied THEN.Ignored
DislikedThank you for your review and feedback, buddy.....
I'm out at BE.... No momentum + too much time to unfold + no rythm = NO expectancy.....
Keep on learning little by little....Ignored
Dislikedfirst of all, thanks to all the posters here and particularly FEB,FX.JP ETC... i have been trading for many years.. anything from stocks to options, and now forex... In the old days. when i started. late 70's. i used to draw my own charts.. SWING CHARTS. 1 day, 2 day and 3 day swing charts. It used to help me a lot. (no intraday trading in those days) for me anyway. I've never used moving average, macd cci etc.... i used to rely on my swing charts and drawing 45 degrees angle line on the way up.. and 315 degrees on the way down.. to keep me in line...Ignored
Dislikedyes i have..Ignored