waiting the break
James16+Rayanmcd(Jan kone) and ME 7 replies
DislikedThink about what you wrote here. There's a correlation with these two thoughts.
This isn't a hard working business, it's a smart working business. You work when you are presented with work and not one minute more or less. If you want to have a "hard working" career, apply at a factory, because that mentality will bring you a lot of pain in this arena.Ignored
I'll tell what will happen, when you make a couple of bucks by clicking the mouse 3 times in 30 minutes, you will somehow make a mistake and return all of that money to the market, just because internally you think you don't deserve it because it was too easy.
edit: thats because we're honest and we don't want something for nothing, but certainly 5+ years of hard work should count as something.
I know this cause it has and it is still happening to me.Ignored
DislikedThat was a beautiful setup...I missed it because I was position sizing and it wasn't coming out right....Ignored
DislikedI havnt read through this entire thread yet. (up to page 32) but can anyone tell me in advance what MA RyanMCD uses to dertermine his trend (the thick yellow one in his charts - not 21 or 50) ?
DislikedI'm guessing if you asked him, he'd say his eyes. keep it simple. If it's going up, then trend is up. if down, then trend is down. If it has to be a line, I use the middle of the bb (which is SMA(18) for me).Ignored
Dislikedit's a bit off the topic, but I would like your critics and advices about my trading method :
I trade all majors on M15, M30 on London session.
First, I watch News of the day to be aware, just in case.
I watch H1/H4 timeframe and draw main S/R lines.
On 15M/30M, I look for pinbar in trend, big enough, off the traffic, close to middle BB.
I trade In Trend pinbar ON confluence zones...Ignored
You're looking at the right things. I personally would not have been so keen to take the first pin you indicated, but the second one was great. As to why I wouldn't have traded the first pin you indicated, please see the included chart.
As far as distance from the 21/BB is concerned, there's no definitive answer. It all depends on the speed of the trend. If there's a strong trend going on, often you'll see that price will not fully retrace to the 21/mid-BB. If there's a slow trend going on, you'll see that price will go through the 21...Ignored
DislikedTook this pin. Looked good to me .. downtrend, swing high, 21/BB, previous resistance. Any ideas as to why this went wrong ?. Mabey just one of those good trades that did not work out ?
Edit: just noticed the whole bunck of bar highs and dogi bars just before it. mabye this is whyIgnored
DislikedI can appreciate and respect the fact that you are posting a losing trade and are humble enough to ask for help because the trade wasn't a win for you.
Having said that, I personally hate when someone posts a losing trade and asks what went wrong? Before you do that you should ask your self:
Why did I take this trade?
Did I follow my plan?
If you don't know why you took the trade - thats a problem. If you didn't follow your plan (the plan that you've tested, and practiced with, the one that you trust will be profitable over time) - thats...Ignored