like for me - I would consider only catching reversal trades after so big drop down... for continuous trade I would wait more longer consolidation.
So for now - I have only BUY order above 4086.
We all need pivots to win..yes or not? 13 replies
The System (Irony included) 1,175 replies
Dislikedlike for me - I would consider only catching reversal trades after so big drop down... for continuous trade I would wait more longer consolidation.
So for now - I have only BUY order above 4086.Ignored
DislikedThat's a good plan. How long do you usually like a consolidation period to be before you consider a BB trade ? 1 hour, 2 hour ?Ignored
DislikedI am no sure about the time.... but I want tosee market really dead in some consolidation. It is when may be it bounce from each side some times... or jaming up.....
I think it is more by intuition...
Like for now - I think we even still have no clear low boundary. It is still in developing IMO.
Regarding half hours or so - some times even retrace can be 40 minutes... and it is still retrace... So - I think - it is more question about feeling and seeing forms rather than time-question.Ignored
Dislikedhello dear friend
its 2 braket last days
is it (my attitude ) correct?
tnxIgnored
DislikedThe cost of a hallucinated fcr !
Took a BB @ 4167
Went on a imaginary fcr @4112, exiting for -10 loss.
Took a re-entry on a 123 continuation signal 4097 and eventually exiting at 4089.
If I had not made that mistake with the imaginary fcr, my net gain would have been 4167 - 4089 = +78
The mistake with the fcr cost me -10 for the failed trade and -15 by the time I rejoined the bus 4112 -4097 = 15.
So, because I was hallucinated and imagined a fcr, I gave back a total of 25 pips.
Because of mistake, my net gain was reduced from...Ignored