Dear Survivor
My account and I would like to thank you for my first successful day trade.
Making money is easy- Just dont take losing trades
- #65
- Aug 4, 2011 2:32pm Aug 4, 2011 2:32pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
well done survivor. good thread.
i find it hard to believe you only go for a 40 pips daily target !
some questions:
if the momentum candle is way too large, do we ignore that trade. because the price movement would be so large that it may have lost steam so its best to keep out of such trades where the mpmentum candle is way too big ? what is the max number of pips we can look for in a momentum candle ? similarly what is the minimum ?
in a trending market, is it best to avoid those trades that go against the trend , even if there is a momentum candle. what has been your experience on this ?
how long have you been trading this, and what results have you achieved in the last few months ?
i find it hard to believe you only go for a 40 pips daily target !
some questions:
if the momentum candle is way too large, do we ignore that trade. because the price movement would be so large that it may have lost steam so its best to keep out of such trades where the mpmentum candle is way too big ? what is the max number of pips we can look for in a momentum candle ? similarly what is the minimum ?
in a trending market, is it best to avoid those trades that go against the trend , even if there is a momentum candle. what has been your experience on this ?
how long have you been trading this, and what results have you achieved in the last few months ?
I took this beauty today on my live account for 15 pips.
took the trade on the break of the previous resistance candle.exit at the RN
...
I'm filtering my trades by sticking to the TOM according to CHOROS.
here the TOM was buy only..so i bought and took 15pips...
bless me for more pips guys
took the trade on the break of the previous resistance candle.exit at the RN
...I'm filtering my trades by sticking to the TOM according to CHOROS.
here the TOM was buy only..so i bought and took 15pips...
bless me for more pips guys
- #74
- Aug 8, 2011 2:29pm Aug 8, 2011 2:29pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #75
- Aug 8, 2011 3:07pm Aug 8, 2011 3:07pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
Hi Survivor
Thanks for sharing this wonderfully simple approach. In your first pic - featured in the manual as well - you point out a couple of momentum bars that take out previous highs or lows. You also mention reversal failures. Do you trade the reversal failures or do you just note them? If you trade them, do you stop in at that reversal highs or lows or do you wait for a new momentum bar to confirm the failure?
Cheers!
PS: I'm a junior member, so i don't think I can post charts to explain. I hope it's clear from my text what I'm asking.
Thanks for sharing this wonderfully simple approach. In your first pic - featured in the manual as well - you point out a couple of momentum bars that take out previous highs or lows. You also mention reversal failures. Do you trade the reversal failures or do you just note them? If you trade them, do you stop in at that reversal highs or lows or do you wait for a new momentum bar to confirm the failure?
Cheers!
PS: I'm a junior member, so i don't think I can post charts to explain. I hope it's clear from my text what I'm asking.
