How's your super fast style going?
Look for reasons not to take a trade.
Intraday price action trend trading
- #10,003
- Jun 5, 2012 9:08am Jun 5, 2012 9:08am
Am I trading super fast? I hate to lose big so thats why i guess u think Im super fast.haha..
Here is my 5M trend play today
Look for reasons not to take a trade.
Morning Guys!
Do you know the book "Trading in the Zone"? It is a great book from Mark Douglas. Its about trading psychlogy.
Im telling u because today i didnt made a trade that fits my rules. It was not the first time but maybe the last time
Why i didnt take that trade i dont know. But what i know out of my records is that the setup was valid. And because trading is a propability game i should have take this trade.
Im glad it was a winner because now it is a lesson i have learnt
Do you know the book "Trading in the Zone"? It is a great book from Mark Douglas. Its about trading psychlogy.
Im telling u because today i didnt made a trade that fits my rules. It was not the first time but maybe the last time
Why i didnt take that trade i dont know. But what i know out of my records is that the setup was valid. And because trading is a propability game i should have take this trade.
Im glad it was a winner because now it is a lesson i have learnt
- #10,011
- Jun 7, 2012 4:17am Jun 7, 2012 4:17am
Morning Guys!
Do you know the book "Trading in the Zone"? It is a great book from Mark Douglas. Its about trading psychlogy.
Im telling u because today i didnt made a trade that fits my rules. It was not the first time but maybe the last time
Why i didnt take that trade i dont know. But what i know out of my records is that the setup was valid. And because trading is a propability game i should have take this trade.
Im glad it was a winner because now it is a lesson i have learnt
Look for reasons not to take a trade.
- #10,014
- Jun 7, 2012 4:49am Jun 7, 2012 4:49am
nice trade Oversea,
Do you trade meanly the m5 ? i still donīt know wich one fit me better m15 or m5
I can't trade like Master Sho looking at one TF. I look at all TFs and make my decision on market conditions. If it's moving fast enough I can enter on 1M TF.
Master Sho answers on TF choice:
1st here and 2nd here
Alec
Look for reasons not to take a trade.
Impulsive > Corrective > OB entry on retracement. RR=1:2
I took the same. My signal was the hanging man candle.
Short 1,24960
Stop 1,25041
Target 1,24719
Looks like a nice trendy day today. Lots of pairs are in a smoth trend.
- #10,018
- Jun 8, 2012 4:17am Jun 8, 2012 4:17am
Nice trade Alec
I took the same. My signal was the hanging man candle.
Short 1,24960
Stop 1,25041
Target 1,24719
Looks like a nice trendy day today. Lots of pairs are in a smoth trend.
About the trendy day. Could go lower because of Spain downgrade, but ADR is already big and EU reached the Demand level. Let's see which way it wants to go.
Look for reasons not to take a trade.
