DislikedThe reason of exit is achieving my daily target of 30 pips (in one trade, done for the day).Ignored
Good trade. I don't use triangles, pennants and flags, but it helps to be aware of them. For example, the "touch" late yesterday that I commented I would not have taken, was actually a "rising wedge" trade as well and the instant it "touched" the 35, it started to fall. What threw me was I was tired, off my game and it happened very, very slowly. But, that is what got me to reviewing and refining that rule, so it's all good!
PipsRider, good trade. Precisely "by the rules."
DislikedI'm slowly migrating toward the notion that PA is the only way to trade. Not only is it future proof in a way that indicator based systems can never be, there are far more valid entries you can take (even on M15) than most other systems around.Ignored
Personally I believe that it is possible for a person to get so "tuned in" to P/A that they could take several trades a day and nail everyone of them. The ONLY reason no one gets to that level is no one believes they can or that it can be done. And yes, it would take a lot of work to get there and yes "spread" complicates it a bit, but every field of endeavor requires that sort of effort to master and has it's challenges to surmount.
Dislikedyea and i traded the next touch of the 35/50 of this chart at 9gmt and it broke out all the way up.
guess luck is not on my side today.Ignored
Hi yuinelescaz, There is no such thing as luck. It was once said, "the harder I work the more "lucky" I get." That is a major truth we all live and die by whether or not we like it. There is a way to analyze why your trade failed and why PipsRider's worked.
First, his was taken while the angle of the 35 was still pretty steep. When you took yours it was flattening a bit, but still more or less in the acceptable range angle wise. The key was that P/A was giving us higher S/R levels and we had a nice little wick where we could hide our SL behind a couple of pips to mitigate risk a bit. Still, sometimes it just doesn't work out.
Image is below with the one from PipsTrader's trade first to you can see what I am talking about. These areas where the 35/50 are starting to searate are areas where you need to be extra cautious and look for all the little nuances of P/A to help you.
Disliked(do you ever sleep) ... After a long time I am finally understanding that only those that do the work for themselves will ever be able to really free themselves from the tyranny of the constant search for the answer when it is within yourself if you do the work albeit with some wise counsel. King Solomon said that answers from a wise counsellor should be as water drawn from a deep well, and you certainly are a deep well to me anyway.Ignored
Without waxing to religious, Paul said, "What do you have that you did not first receive..." That is something I live my life by. Everything I "have" came from someone else first and was given to me or they allowed me to 'earn' it for myself helping me grow. I am only giving back here, nothing more, but thank you for the kind words.
DislikedI read your journey eclayf and oh-my-gosh it's like looking back in my past and reading MY story... except for the fact that i still wasn't at the point to get "The Secret": stick with it... I was one of those trying and trying and then giving up on a strategy just because it failed, but the one who failed was me, trying strategies for just 5, 4 or even 3 days and then think "no, it doesn't work for me".
I just didn't get it, in my unconcious I knew that i had to stick with it, that's why I continued searching for the perfect strategy, I was...Ignored
DislikedWell, the Brits are at it again...almost an exact replica of yesterday, just different directions.Ignored
To everyone, thank you for the kind words and for allowing me to learn by analyzing your trades as well. It really does help me improve and master my own strategy a bit more each time.
Here are the charts for yunielescaz.
God bless
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