C-12
Do you leave your zones on your chart for possible swaps later or how often do you remove your levels and clean your chart?
Thanks
We had a level just above this but I got nice rejection off the lower one to make me want to take the plunge.
hello C-12,
What is the brown line on your chart?
I usually remove a zone once hit otherwise the Alerter4U drives me nuts since it goes off at every touch of either side of the rectangle!!
Awesome indicator though.
Those blue rectangles on my trading chart I usually just leave there but do some general house keeping every and again.
PS Also one more related question not concerning above:
Have you learned anything solid from your losers?
That is, is there a common denominator among the ones that get stopped out before they go?
Thanks for making scalping an affordable and fun activity....
No probs, I've also had fun writing this journal.
As for losers, I've found that if I feel twitchy or nervous about a trade it seems more likely to fail.. Not sure what the reason is for this. Thankfully I don't have that many losers.
I will say that when I get into 'the zone' it seems like I can hit home run after home run and go on crazy winning streaks.
I guess it's all a state of mind at the end of the day.
Have you got one noise per pair you monitor and lots of copies of the Alerter script?
I was trying to think of a sound that depicted the Euro.... almost spoilt for choice really... i'm pushed to decide between the sound of an angry Spaniard or a Titanic-esque sinking ship noise.
Well I monitor the 6 pairs on one screen so I've got the alerter setup to alert me whenever I get hit on any of my levels.
I just made a silly mistake trying to short Aussie with 3 lots. Didn't get my stops to BE but kept moving it up to get above the M15 level hoping for a reveral and a BE escape.
Took an uncomfortably large drawdown so pulled the plug on it just as it reversed!
It's this type of occasional random stupidity that keeps me going full time!
