New trade: EURUSD
chart:
Edit: SL at BE...
chart:
Edit: SL at BE...
Knowing is not enough; we must apply. Willing is not enough; we must do.
Start of my journey towards profitable trading with PA
- #441
- Apr 11, 2013 5:46am Apr 11, 2013 5:46am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
- #442
- Apr 11, 2013 8:47am Apr 11, 2013 8:47am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New trade: EURUSD chart: {image} Edit: SL at BE...
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #443
- Apr 11, 2013 8:49am Apr 11, 2013 8:49am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Another closed trade: USDCHF
Sell limit triggered while I was away. When I looked at the chart, saw the bullish pinbar off demand zone. Manual closed for 1.5R.
Today is a good day
Chart:
Sell limit triggered while I was away. When I looked at the chart, saw the bullish pinbar off demand zone. Manual closed for 1.5R.
Today is a good day
Chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #444
- Apr 11, 2013 8:57am Apr 11, 2013 8:57am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Just noticed something interesting on my TE. I'm exactly back at BE, back to where I started last week on the Supply Demand short term trading.
And the return by trades showed an inverted H&S.
Hope this is a good sign.
And the return by trades showed an inverted H&S.
Hope this is a good sign.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #445
- Apr 11, 2013 3:42pm Apr 11, 2013 3:42pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Another closed trade: USDCHF Sell limit triggered while I was away. When I looked at the chart, saw the bullish pinbar off demand zone. Manual closed for 1.5R. Today is a good day
A good call to manual close.
Never hesitate to take profit on a sign of reversal.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #446
- Apr 11, 2013 3:45pm Apr 11, 2013 3:45pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Was at the movies when these trades happened. First short position hit TP, then buy limit order hit. When I opened the chart on my phone, saw price reached the previous sell entry which was a supply zone, and got rejected. Closed the position manually. It was a good run for both trades. both 3+R trades.
Good call to manual close.
Price came back to the newly formed demand zone, and respected it. Too bad didn't place a buy limit here. Oh well
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #447
- Apr 11, 2013 3:45pm Apr 11, 2013 3:45pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
A missed trade: AUDUSD
Chart:
Chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
Just noticed something interesting on my TE. I'm exactly back at BE, back to where I started last week on the Supply Demand short term trading.
And the return by trades showed an inverted H&S.
Hope this is a good sign. {image}
- #449
- Edited 6:55am Apr 12, 2013 6:23am | Edited 6:55am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Some pending orders:
USDCAD
Edit: Not confident with this zone since price reacted near the zone. Took off the limit order, but will still watch here.
EURUSD
USDCAD
Edit: Not confident with this zone since price reacted near the zone. Took off the limit order, but will still watch here.
EURUSD
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #450
- Apr 12, 2013 6:31am Apr 12, 2013 6:31am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Some pending orders: USDCAD {image} EURUSD {image}
Chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #451
- Apr 12, 2013 7:03am Apr 12, 2013 7:03am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
More orders:
AUDUSD:
GBPUSD:
These limits orders were placed, but not necessarily all will be taken. I will look at which gets hit first, and may cancel other orders, depends on how price approaches.
Looks like overtrading though.
AUDUSD:
GBPUSD:
These limits orders were placed, but not necessarily all will be taken. I will look at which gets hit first, and may cancel other orders, depends on how price approaches.
Looks like overtrading though.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #452
- Edited 9:41am Apr 12, 2013 9:22am | Edited 9:41am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
More orders: AUDUSD: {image} GBPUSD: {image} These limits orders were placed, but not necessarily all will be taken. I will look at which gets hit first, and may cancel other orders, depends on how price approaches. Looks like overtrading though.
All limit orders cancelled. It's late Friday night. Till next week
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #453
- Apr 12, 2013 9:26am Apr 12, 2013 9:26am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Added another sell limit order on EU. Chart: {image}
Chart
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #454
- Apr 12, 2013 9:44pm Apr 12, 2013 9:44pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Update: Chart {image}
1. It's Friday.
2. It's late at night, went to sleep and didn't have screentime to monitor and manage trade.
Price went 20pips (2%) in my favor, and reversed. At this point, I would've been at least BE. hmm...
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #456
- Apr 12, 2013 10:03pm Apr 12, 2013 10:03pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Hello keroro0o0o, following your journey. It's all based in Demo accounts right? BTW, don't always blame yourself. It's NOT ALWAYS the Traders Fault. The problem is that some people want to make Price Action look like an exact science, and its not. I have seen a lot of times, PA Fail over and over again, even with a perfectly unmatched setup, and James16 and all the other guys know it very well. It's impossible to predict what will happen in the market, and PA same as indicators are always lagging. So, don't blame yourself.
), thanks for dropping by. Yes I agree, PA is not rocket science, and I believe you're a follower of J16. As Jim always said, never EVER turn a winner to a loser, right? that was what happened to the last EU trade, and worse it was Friday.
Anyway, the trade by itself was a good trade, just not well managed. Of course I'm not blaming myself, I'm grateful for these losses, as I'm learning through them.
Yap, everything is on demo. It's been almost 6 months now. 2 more profitable (or BE) month, then I'll go live, with a small capital.
Advocating to J16's rule here, 3 consequtive profitable months before go live, right?
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #457
- Apr 14, 2013 9:00pm Apr 14, 2013 9:00pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Lost trade: GBPJPY
Made a big mistake here, by using hotkey, and not noticing the wide SL needed for this trade. Hence left the SL at my max risk at 25 pips, and got hit.
Bad trade!
Made a big mistake here, by using hotkey, and not noticing the wide SL needed for this trade. Hence left the SL at my max risk at 25 pips, and got hit.
Bad trade!
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #458
- Apr 14, 2013 9:08pm Apr 14, 2013 9:08pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New trade: AUDUSD
chart:
chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #459
- Apr 14, 2013 10:16pm Apr 14, 2013 10:16pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New trade: AUDUSD chart: {image}
chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #460
- Apr 14, 2013 10:40pm Apr 14, 2013 10:40pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Lost trade: GBPJPY Made a big mistake here, by using hotkey, and not noticing the wide SL needed for this trade. Hence left the SL at my max risk at 25 pips, and got hit. Bad trade! {image}
As expected, the demand zone held.
Knowing is not enough; we must apply. Willing is not enough; we must do.