Bin, at least you are not providing liquidity to the market!
Riding the order flow
- #7,021
- Dec 23, 2011 11:41am Dec 23, 2011 11:41am
- Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts
- #7,024
- Dec 25, 2011 7:09am Dec 25, 2011 7:09am
- Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts
Riding the order flow
- #7,027
- Dec 27, 2011 12:42am Dec 27, 2011 12:42am
- Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts
Riding the order flow
- #7,031
- Jan 2, 2012 6:22pm Jan 2, 2012 6:22pm
- | Joined Apr 2008 | Status: Trader | 1,312 Posts
Will resume my trading this year again today.
Wanted to wish you guys successful trading year!
Wanted to wish you guys successful trading year!
- #7,033
- Jan 3, 2012 10:31am Jan 3, 2012 10:31am
Hello, friends. First, I want to wish you all a Happy New Year and I hope that all of us to have a very successful year.
Here are my 2 trades of today:
1)35/50H4, RN, DR2 and 200 H1. I took the trade a bit late, but the idea is that I waited a goog rejection signal from M5 (double top). I exited at 35M15.
2)12M5 first touch after a good M1 signal. I exited for 5,5p only because I had 3 requotes at 7-8p, but that's still good.
I will try to post as much as I can from now on even if I do it here on the thread as I don't have access to the new...
the 2nd trade has ok but late (as you say).
today was a clear lightly trending day perfect for dancing as it seems, i only hope the market stays like that.
just my quick view in this. i hope more people can give you a better critique. keep practicing the basics first
Hello, friends. First, I want to wish you all a Happy New Year and I hope that all of us to have a very successful year.
Here are my 2 trades of today:
1)35/50H4, RN, DR2 and 200 H1. I took the trade a bit late, but the idea is that I waited a goog rejection signal from M5 (double top). I exited at 35M15.
2)12M5 first touch after a good M1 signal. I exited for 5,5p only because I had 3 requotes at 7-8p, but that's still good.
I will try to post as much as I can from now on even if I do it here on the thread as I don't have access to the new...
Hi Leone,
Asos is actually absolutely right.
Trend was UP for M5, M15 and H1.
Not yet for H4 at that moment (and not for Daily), but already that situation of indecision should have not given a correct entry.
But
I took the same !Only a bit higher at the Touch again of the H4 and exited for about 15 pips.
What I now think is:
Knowing that it was a counter trend trade and I was sure that the best exit point was the touch of the 35 in confuence with the RN 1,2975...why did I not take the reverse long ???
Ok, no greed. We must learn to live with that.
(I damn don't know why, but I tend to prefer short trades at all...that is absolutely not good! )
That was also for me the first trade in real of 2012.
Wish you (all) the best trading year ever had !
- #7,036
- Jan 3, 2012 8:59pm Jan 3, 2012 8:59pm
- Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts
hello, the first trade is a bit unusual and risky, the trend was clearly up and even for an H4 play the H4 10 was coming up fast and it didnt seem to have enough room for profit there. you did very good to exit that one with profit.
the 2nd trade has ok but late (as you say).
today was a clear lightly trending day perfect for dancing as it seems, i only hope the market stays like that.
just my quick view in this. i hope more people can give you a better critique. keep practicing the basics first
No idea why these are good setups. They are nothing but just winners, not good setups at all (at least not for me, at least not basic/clear setup types). There are unlimited winners on the charts and one could have 100% a day if they were able to take them all, but good setups are much harder to find.Not everyone on FF is as honest as you, please keep on speaking the truth.
Hi Leone,
What I now think is:
Knowing that it was a counter trend trade and I was sure that the best exit point was the touch of the 35 in confuence with the RN 1,2975...why did I not take the reverse long ???
In this case I expected the price to touch all the levels including WP and after that to give me a signal. The 2 bottom from M5 was a good one but the entry would have been too far from the SL level (behind WP) and that was not a good setup for me.
