DislikedJust these two earlier, dan. Too busy otherwise to trade or post. Waiting to see if anything else crops up during the afternoon.Ignored
Standard Pivots and Fibonnaci Pivots? 9 replies
Adr, psych levels, demand & supply trading 13 replies
EUR/USD 5min - Trendlines and Pivots 379 replies
Important psych levels 1 reply
DislikedI'm very impressed by this method of trading, EV's chart examples in particular are an inspiration!
But I struggle with it, I think due to the required judgement calls. I lack the discipline to get out of a bad trade quickly as I feel that I've made the wrong call (which of course I have)
I need to rely on a purely mechanical trading system, with a specific TP and SL, and then I can keep my emotions in check
So even though I can't use this system, I always check the posts here to see the great work you guys are doing
DislikedAndy,it is true, that some discretion is a must with this style of trading,but you can eliminate probably much more of it than you think.
This is how I did it...
First ofcourse I went through much of the thread, posts of Eyevoltage,Medici, Islander,Vantage, jag1966...
When I understood the method and style, I had to think about my expectations from the usual trade with this style and I had to align my expectations with the method. This is super important from psychology point of view. (can't expect to have majority of your trades run 50-100...Ignored
DislikedHey EV, Nice trade. Where would you have placed your stop on this trade ?
Dislikedcounter trend scalp based on divergence and
the following pa at previous supp. area (green band):
h1 doji indecision; a bunch of hammers; ends with a piercing line upthrust on increased volume.
exit : 1.6133Ignored
Dislikedall the confluence you'd want:
50% fib retrace into today's open, 6200, and ma zone.
bearish harami followed by shooting star.
exit 6183 (near pivot)Ignored
DislikedGood one, pg. You're really getting your feet under the table with this method. I think I'll have to take a leaf out your book and take more notice of fibs!