Ken's Continuing Successes with EO's system
Yes it was clear and it was in the trading zone near 50 fib.
Acually if you enter directly at this line 10-12 pips SL is enough ( this is best option ). Waiting for 15m pa there give you about 20 pips SL. I hope you don`t think to enter after 1h pinbar.
I automatically assumed the 1h pin since it was circled. Lol. There you see how clear it was for me! Haha. 
This should be it right? If not then I have to go back to bed.
hehe http://cdn.forexfactory.com/images/icons/icon7.gif
Take a rest bro. I circled area not candle. It was at end of the 1h pinbar 112.56.
Feel free to ask if you have any more doubts.
Absolutely true, doesnt matter how many hours you spend doing anything if your mind is not there 100%, your better of doing something else. Definitely something I have a lot of focus on. I work along side my brother who's been playing poker for a living the last coupple of years, and to trading that actually does compare to a great deal, especially psychologically. Focus wise it also helps as we can keep an eye on each other when if we see the other get unfocused.
I think it depends entirely upon your intentions with the trade -- quick scalp or slow developer. Lately I've been watching 20 pairs and it's not uncommon for me to be in 5 or more trades at one time. However, I'll only be in 2 uncovered trades at a time that are taken off the 15M. The others are long-term trades off the 1H or 4H with significantly smaller unit sizes and larger SL/TPs. (I've been trading this way to get more practice, and I think it's working since I get more repetitions in, but too soon to tell really)
Very funny, i spend more than 14 hours in front of my computer learn from each others, ebook....but everyday i play poker, only free tournament or 0.10$, and since a few month my stats are great, the key for both is patience and psychology.Green pips to all.
Never got started seriously building it up again after that. I play some live games from time to time for fun though.
For sure i change my mind also, 4 times a week gym also (usually during asian session) aboutA/U check the last candle H1, i try a long (small position) because im already long on dragon.
Good luck
did you take a long on Hammer or a short at the resistance (TO), Higher TF H1 and H4 (shooting star) was bearish...
Took the long on the hammer, with the little red arrow. Just basically a quick one against the trend, my sl was 7 pips, and the two bar lows where i drew the blue line was also about 7 pips, was my target. Worked out pretty good, in hindsight of course i could've held on longer, but im fine taking some quick profit as i had by that point gotten 1 to 1.
Im much more wary of going counter trend these days though, which for me has improved my overal result quite nice
nice if it works for you, usually im looking for a minimum of 15-30 pips by trade, i have to try this kind of setup (counter trend strategy).
Like my long on AU, i took a long on the Hammer H1, but didnt put a SL at the bottom of this hammer because usually PA like to test and hit all the SL at the bottom of the hammer.
let we see if it can break resitance 0.9508 (yesterday lows), if not i will close this long.
.
As they say, many ways to skin a cat
I would for once, not be able to trade without a set sl. I heard somewhere that a pa setup should be a high momentum setup, so if it doesnt take off right away im going to start wanting to dump the trade real soon. So for me letting that 1h au trade get in a 35 pips draw down would just go against how i personally trade, a 35 pip sl is around 3 trades for me. So instead of risking 35 pips on one trade i would rather try three different trades with 10 pip stop. Makes more sence in my head, I belive Ken wrote...
SL in this case i had a mental SL, when i leave my desk i always put a SL, but usually i have it, people who dont use SL mental or hard SL will not be in this business for long...
What you said make sense, i try different strategy, the one who stick to me, i enter a trade (long or short) at M15 with a 30 pips SL, as soon price go my way i lock my trade SL at BE, and add to my position at each retracement (i look at 5 and sometimes 1M) and it works well, im not enough confident to load all my soldier in one position.
Right next week i will...
