To improve is to change. To perfect, is to change often.
Extracted Thread (per thread starter's request)
- #1,663
- Oct 8, 2011 7:25am Oct 8, 2011 7:25am
Glad i'm re enter short cable ..although the last one kinda stupid OP..already close all for + 180 pips..Good Luck !!
@ alien..i hope you already awake and catch this move man
I probably would have taken the next signal long because it went through the CZ in 2 bars with momentum. So I would have gotten smoked on the big drop! Then I stay out for until it settles down, don't like big bars.
Mega pips, buddy!
Luck occurs when preparation meets with opportunity.
gbp/jpy locked +31 pips half position still running
gbp/chf locked half +38 pips other half taken out for +5 pips
eur/gbp lost -31 pips
eur/chf still in trade
eur/jpy did not take short trade due to support zone/missed reversal trade sleeping!!
eur/cad locked +36 other half taken out for +5 pips
chf/jpy...best trade of the session..MISSED!!..sleeping
+63 pips
Days Total: +26.5 pips so far
gbp/chf locked half +38 pips other half taken out for +5 pips
eur/gbp lost -31 pips
eur/chf still in trade
eur/jpy did not take short trade due to support zone/missed reversal trade sleeping!!
eur/cad locked +36 other half taken out for +5 pips
chf/jpy...best trade of the session..MISSED!!..sleeping
+63 pipsDays Total: +26.5 pips so far
- #1,674
- Oct 13, 2011 2:04am Oct 13, 2011 2:04am
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
Thought I'd post some chart of trades I attempted today and observations on them. All trading is live using mini lots. I also manually draw the CZ area and also some supply and demand lines, and trend lines before the london market opens . So the first one is gbpusd.....
Problem I have is trying to trade from work, so I dont always catch the entry I would have took. Looking at this possible trade and although not strictly with the two bar close entry criteria, I would have entered on the significant bar down for +30 pips to supply/demand level. Trade was also with 15 min trend down.
(p.s. first time posting image, so hopefully this works.)
Problem I have is trying to trade from work, so I dont always catch the entry I would have took. Looking at this possible trade and although not strictly with the two bar close entry criteria, I would have entered on the significant bar down for +30 pips to supply/demand level. Trade was also with 15 min trend down.
(p.s. first time posting image, so hopefully this works.)
eurgbp -38 pips
eurusd -51 pips
eurchf still running current - 5 pips!
Oh well cannot win them all!!
Similar story with eurusd, another supply level just above CZ....
I missed my short entry on this and was late,still got in trade got to +50 pips and got greedy aiming for demand level (+60 pips), eventually exited for +7 pips, lesson number 1 dont get bloody greedy !
Kev.
One more...gbpjpy
Once again, another late entry for me on my entry rules, trade went +17 pips to supply level, then I hoped (like an idiot) price would break this level and off it would run. In the end trade went +40 pips, then retracted for -30 pip loss. Rule number 2, see rule number 1 !!!!
If I had any discipline I could have walked away with 30 pips in the bag easily, but when you see days when trades go on into the 100's it makes me hang on, I need to sort this out.
Once again, another late entry for me on my entry rules, trade went +17 pips to supply level, then I hoped (like an idiot) price would break this level and off it would run. In the end trade went +40 pips, then retracted for -30 pip loss. Rule number 2, see rule number 1 !!!!
If I had any discipline I could have walked away with 30 pips in the bag easily, but when you see days when trades go on into the 100's it makes me hang on, I need to sort this out.
- #1,680
- Oct 13, 2011 4:42pm Oct 13, 2011 4:42pm
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.