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Trading journal of LE1 methods

  • #181
  • Edited 7:18am Feb 27, 2013 2:32am | Edited 7:18am
A tip to overcome psychology hurdle from LE1 for newbies.

Quoting loveevery1
yep..do that...set TP and SL..and forget it..go with the minimum Tp mate...say +15 pips...dont keep it for too long...or it wont let you do any other work in your absense.

FOR THOUGHT:
Psychology..This is everyones hurdle.Anyone in the market can take trades.but this emotion will kill everyone.

FEAR X FAITH ....they are opposite...if one is there other WONT be there..have faith in yourself brothers
Accept as it is being!
  • #182
  • Feb 27, 2013 5:38am Feb 27, 2013 5:38am
Not enough confident to take these opportunities.
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  • #183
  • Edited 7:08am Feb 27, 2013 6:55am | Edited 7:08am
Stopped out at BE. Missed to 2pips for TP hit. I was not at the screen otherwise I would lock it with some profit.
Anyway, I should reduce target to the previous spike. I should not stubborn with a fixed 20pip-target.
Another lesson must be learned!
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  • #184
  • Feb 27, 2013 9:29am Feb 27, 2013 9:29am
Good setup but the coming Red News told me stay out.

But Master Arjun only avoid NFP:

Quoting loveevery1
hello mate..i personally dont look at news others than NFP..this is one dangerous news...it could go south to north and back..

i trade other news releases...it works like charm..for example the chf news during LO today
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  • #185
  • Feb 27, 2013 6:08pm Feb 27, 2013 6:08pm
Missed the breakfast.
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  • #186
  • Feb 27, 2013 7:56pm Feb 27, 2013 7:56pm
A basic setup to be profitable BUT problem is big SL, so I decided to skip it.
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  • #187
  • Edited 9:02pm Feb 27, 2013 8:36pm | Edited 9:02pm
Stopped out BE.
It's a CT trade thus I must learn to grab (+10pip) and run.
Again newbies mistake.

Ps. Forgot to tell another reason for not to take profit at +10pip because I expect at least a touch at 10EMA (+15pip) BUT we can only see it touch after the price going up, then it's already too late.
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  • #188
  • Feb 27, 2013 9:10pm Feb 27, 2013 9:10pm
I did not take it coz don't want overtrade BUT it looks like a reversal signal. Maybe good for a CT trade of 20pips.
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  • #189
  • Feb 28, 2013 1:54am Feb 28, 2013 1:54am
Just some thoughts.

For newbies who are lucky to be trained from the early stage they had a big advatage to follow step-by-step without hurrying pressure. It takes around 3 months for Master Arjun to introduce basic setups with TDI and practicing to gain their confidence as well as building their equity.

For newbies joining late to LE1's thread like me there certainly is a huge hurdle in psychology trying to catch up the earlier by playing with advanced setups eventhough did not master the basic first. This is my case.

Quoting loveevery1
....

I going to be starting something on the ADR for advanced traders.it seems our brothers have learnt lot about the TDI and its relation to the price.now the next step...

a) Classic TDI Trade
b) Taking the rejects of the EMAs in confluence with RN/S&R
c) Taking CT trades
d) 10EMA setups ( Remember the bunch of pictures i posted a week back)


ADR is for ADVANCED TRADERS ONLY and if a newbies sees any posts regarding this...just move on.

Let me know if i should discuss it here or somewhereelse.or we should...
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  • #190
  • Feb 28, 2013 2:22am Feb 28, 2013 2:22am
Failed again with ADR entries. I'm not ready to work with this advanced method. If fact, I could grab a few pips with the second entry and run BUT problem is I want to makeup the first loser.
Bad timing entries + stubborn = losers.
Good lessons learned.
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  • #191
  • Feb 28, 2013 2:55am Feb 28, 2013 2:55am
Waited for pullback to entry but it didn't.
I was afraid of yesterday high.
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  • #192
  • Feb 28, 2013 3:23am Feb 28, 2013 3:23am
Not confident enough.
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  • #193
  • Feb 28, 2013 5:33am Feb 28, 2013 5:33am
GU. Another good setup I missed.
Unlucky me.
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  • #194
  • Edited 7:56am Feb 28, 2013 6:39am | Edited 7:56am
Stubborn me. Sellect wrong pair. No - I'm impatient.
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  • #195
  • Feb 28, 2013 8:13am Feb 28, 2013 8:13am
Just for training my eyes. a good CT trade setup. It falled immediately. No time for newbie to think.

I guess Master Arjun would take it.
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  • #196
  • Feb 28, 2013 10:23am Feb 28, 2013 10:23am
Another BE again. BUT I'm not sad any more.
A BE always better than a winner turn into loser.

Ps. I did move TP to the lower RN otherwise +15pip has been booked.
I would consider re-entry IF London session is not going to close now.

Good night anyway.
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  • #197
  • Feb 28, 2013 10:33am Feb 28, 2013 10:33am
Quoting Vnfx
Another BE again. BUT I'm not sad any more.
A BE always better than a winner turn into loser.

Ps. I did move TP to the lower RN otherwise +15pip has been booked.
I would consider re-entry IF London session is not going to close now.
Hi Vnfx,

Have you looked at, maybe, taking 50% TP when you reach 1R and move your SL to BE +1 and then allow the remaining 50% to run to your TP level. By doing this you would at least be taking something out of the trade.

Good luck with your future trading

Steve
  • #198
  • Feb 28, 2013 7:51pm Feb 28, 2013 7:51pm
I'm deserved to have this loss. I was anxious and force to trade instead of waiting for confirmation.
Lessons learned forever.
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  • #199
  • Feb 28, 2013 7:56pm Feb 28, 2013 7:56pm
Quoting stevepatt
Hi Vnfx,

Have you looked at, maybe, taking 50% TP when you reach 1R and move your SL to BE +1 and then allow the remaining 50% to run to your TP level. By doing this you would at least be taking something out of the trade.

Good luck with your future trading

Steve
Hi Stevepatt,
I'm happy to see you around, my brother. I did think of your advice and will follow it when I build enough equity to play with. The current small AC with FxPro not allow me to trade with lower lot.
Good luck to you as well.
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  • #200
  • Feb 28, 2013 8:47pm Feb 28, 2013 8:47pm
Stopped out at BE again.
Newbie problem. Late entry and don't know when to grab pips.
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