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  • #2,701
  • Aug 14, 2012 4:03am Aug 14, 2012 4:03am
Sold GU at 1.5707
Attached Image (click to enlarge)
Click to Enlarge Name: gu01.jpg Size: 86 KB
  • #2,702
  • Aug 14, 2012 4:28am Aug 14, 2012 4:28am
1. Consider touch trading an aggressive form of trading.
2. Get scared trading against a strong trend like move.
3. Are only comfortable taking trades after 'confirmation' - thus are buying after an already sustained period of buying has occurred and vice versa for selling.

The truth is the exact opposite of the above of course and it's all down to difference in how a Pro thinks compared to a novice (i.e. mindset).[/quote]

Thank you !



Michael
Be like water.
  • #2,703
  • Aug 14, 2012 4:53am Aug 14, 2012 4:53am
Quoting Balhana
Closed the lower entry at BE and moved SL for the higher entry to BE+1.
Closed the higher entry at 1.4910 for +25 pips.
  • #2,704
  • Aug 14, 2012 4:54am Aug 14, 2012 4:54am
Quoting Balhana
Sold GU at 1.5707
Nice, I missed an opportunity here.

Here is how I viewed it and it's a classic follow up example of Pro versus novice mindset (H4, M5, M1 charts).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 17 KB
Click to Enlarge Name: GU2.jpg Size: 72 KB
Click to Enlarge Name: gu3.jpg Size: 90 KB
  • #2,705
  • Aug 14, 2012 5:06am Aug 14, 2012 5:06am
Quoting lovejoy80
Nice, I missed an opportunity here.

Here is how I viewed it and it's a classic follow up example of Pro versus novice mindset (H4, M5, M1 charts).
Thanks!

Closed 2/3 at 1.5690 for +34 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gu02.jpg Size: 90 KB
  • #2,706
  • Aug 14, 2012 8:09am Aug 14, 2012 8:09am
First trades of the day...some VLTF trading this time.

AJ - FTB to M5 supply zone, I actually waited for some signs on M1 of rejection given how UJ was breaking its daily range at the time. All out at obvious demand. + 2R

AU - bit more advanced...an FB off a daily SR (blue line) after a strong rejection off a supply zone. Again all off at the clear FLS. +3.6R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj1.gif Size: 21 KB
Click to Enlarge Name: au.gif Size: 23 KB
  • #2,707
  • Aug 14, 2012 9:25am Aug 14, 2012 9:25am
Bought USD/CAD at 0.9920
Attached Image (click to enlarge)
Click to Enlarge Name: uc01.jpg Size: 87 KB
  • #2,708
  • Aug 14, 2012 10:42am Aug 14, 2012 10:42am
Sold ENZD (before chart from the Trading Room as usual), made bit of a mess of my %R calculations and probably got out too early, but a win is a win +0.62R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: enzd1.png Size: 34 KB
Click to Enlarge Name: enzd2.gif Size: 24 KB
  • #2,709
  • Aug 14, 2012 10:46am Aug 14, 2012 10:46am
Another setup I'm currently in - this FTB long on NU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu1.jpg Size: 103 KB
Click to Enlarge Name: nu2.jpg Size: 85 KB
  • #2,710
  • Aug 14, 2012 11:37am Aug 14, 2012 11:37am
Quoting Balhana
Thanks!

Closed 2/3 at 1.5690 for +34 pips.
Still in this GU trade. When to close it??
Attached Image (click to enlarge)
Click to Enlarge Name: gu03.jpg Size: 94 KB
  • #2,711
  • Aug 14, 2012 11:41am Aug 14, 2012 11:41am
Quoting lovejoy80
Another setup I'm currently in - this FTB long on NU.
Closed my NU trade and calling it a day (closed 25% @ 66 and 75% @ 72) +0.94R for the trade and +7.16R for the day
  • #2,712
  • Aug 14, 2012 11:41am Aug 14, 2012 11:41am
Quoting Balhana
Bought USD/CAD at 0.9920
Still in the USD/CAD trade, but not looking good though.
Attached Image (click to enlarge)
Click to Enlarge Name: uc02.jpg Size: 87 KB
  • #2,713
  • Aug 14, 2012 12:16pm Aug 14, 2012 12:16pm
Quoting lovejoy80
Closed my NU trade and calling it a day (closed 25% @ 66 and 75% @ 72) +0.94R for the trade and +7.16R for the day
Stats like this really make me want to quit my day job.
  • #2,714
  • Aug 14, 2012 12:41pm Aug 14, 2012 12:41pm
Great Job Today Mark!
DM if you have any questions
  • #2,715
  • Aug 14, 2012 8:44pm Aug 14, 2012 8:44pm
Quoting Balhana
Still in this GU trade. When to close it??
Closed the remainder at 1.5667 for +40 pips (+74 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: gu04.jpg Size: 97 KB
  • #2,716
  • Aug 14, 2012 9:14pm Aug 14, 2012 9:14pm
Quoting Balhana
Still in the USD/CAD trade, but not looking good though.
Closed all at BE+2.
Attached Image (click to enlarge)
Click to Enlarge Name: uc03.jpg Size: 87 KB
  • #2,717
  • Aug 15, 2012 1:02am Aug 15, 2012 1:02am
Sold EN at 1.5310
Attached Image (click to enlarge)
Click to Enlarge Name: en 01.jpg Size: 92 KB
  • #2,718
  • Aug 15, 2012 3:24am Aug 15, 2012 3:24am
Quoting Balhana
Sold EN at 1.5310
I'm short too but higher @ 1.5325 based on the M15 rejection from the double top.
  • #2,719
  • Aug 15, 2012 4:58am Aug 15, 2012 4:58am
Reasoning for my short as per charts below.

I'm also short GAUD (from 1.4978), but looking to bail out soon as this is not going to plan.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: enzd1.gif Size: 25 KB
Click to Enlarge Name: enzd2.jpg Size: 113 KB
  • #2,720
  • Aug 15, 2012 5:20am Aug 15, 2012 5:20am
Quoting lovejoy80
Reasoning for my short as per charts below.

I'm also short GAUD (from 1.4978), but looking to bail out soon as this is not going to plan.
I also added one more short at 1.5320 for the same reason.
Attached Image (click to enlarge)
Click to Enlarge Name: en 02.jpg Size: 91 KB
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