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  • #788,021
  • Apr 16, 2013 2:42am Apr 16, 2013 2:42am
Quoting kuroro001
Out -10 Waiting for ZEW or new setup
I find it too hard for me to adjust dynamically according to what the price bar is unfolding.

what I am able to do, is just, make a plan, and never change it, either TP or SL hit.
Outcome is not important at all, but correct technique is what only matters
  • #788,022
  • Apr 16, 2013 2:45am Apr 16, 2013 2:45am
Quoting szpowerx
I find it too hard for me to adjust dynamically according to what the price bar is unfolding. what I am able to do, is just, make a plan, and never change it, either TP or SL hit.
It comes in handy. I have gotten pretty good and quickly analyzing on the fly. Sometimes it's needed.
When the facts change I change my mind, what do you do sir
  • #788,023
  • Apr 16, 2013 2:46am Apr 16, 2013 2:46am
Quoting szpowerx
I find it too hard for me to adjust dynamically according to what the price bar is unfolding. what I am able to do, is just, make a plan, and never change it, either TP or SL hit.
I can't let it go.
I have to adjust as i'm day trading and trading m5 only.

I'd be in more than a 20 pips loss if i hadn't adjusted it...way too much for one trade.

It's always a good idea (at least to me) to reduce risk once price move your side.

It's different for the target, i take profit if i see price is about to reverse before reaching my TP.

Anyway good luck with your shorts
COT: The precious data ignored
  • #788,024
  • Apr 16, 2013 2:46am Apr 16, 2013 2:46am
Out -11 pips. Waiting for EUR macro and maybe some quick shots at the GBP.
  • #788,025
  • Apr 16, 2013 2:47am Apr 16, 2013 2:47am
Quoting Pip Anon
It comes in handy. I have gotten pretty good and quickly analyzing on the fly. Sometimes it's needed.
How to make a clean thinking? My mentor,

If i would try to determine on the fly, I find i can only see what i want, but for these objective stuffs which is conflicting to my assumption, i am blind.
Outcome is not important at all, but correct technique is what only matters
  • #788,026
  • Apr 16, 2013 2:48am Apr 16, 2013 2:48am
1,3048-50 hit...decisive point....same as 1,3083

It's all red in m5...so side line
COT: The precious data ignored
  • #788,027
  • Apr 16, 2013 2:48am Apr 16, 2013 2:48am
Today, I think that there is a chance the occurence Draghi with EURUSD reaches 1.31
which will have to wait for the day
  • #788,028
  • Apr 16, 2013 2:49am Apr 16, 2013 2:49am
Quoting kuroro001
I can't let it go. I have to adjust as i'm day trading and trading m5 only. I'd be in more than a 20 pips loss if i hadn't adjusted it...way too much for one trade. It's always a good idea (at least to me) to reduce risk once price move your side. It's different for the target, i take profit if i see price is about to reverse before reaching my TP. Anyway good luck with your shorts
Thanks, i dont care a single trade, even the SL is hit, it is ok.
Outcome is not important at all, but correct technique is what only matters
  • #788,029
  • Apr 16, 2013 2:50am Apr 16, 2013 2:50am
Quoting szpowerx
How to make a clean thinking? My mentor, If i would try to determine on the fly, I find i can only see what i want, but for these objective stuffs which is conflicting to my assumption, i am blind.
A clean plan is nice. I am not saying that, but the ability to read the price action and analyze it quickly is helpful. I have been able to stay within my overall plan while adding or cutting legs of my trade or get out earlier that a pre-set stoploss.

I am not criticizing what you do btw.
When the facts change I change my mind, what do you do sir
  • #788,030
  • Apr 16, 2013 2:51am Apr 16, 2013 2:51am
Quoting szpowerx
Thanks, i dont care a single trade, even the SL is hit, it is ok.
My entry is often 10 minutes too, generally with SL below 20 pips, of course position sizing, adjust it by the total pips.
Outcome is not important at all, but correct technique is what only matters
  • #788,031
  • Apr 16, 2013 2:53am Apr 16, 2013 2:53am
Quoting Pip Anon
A clean plan is nice. I am not saying that, but the ability to read the price action and analyze it quickly is helpful. I have been able to stay within my overall plan while adding or cutting legs of my trade or get out earlier that a pre-set stoploss. I am not criticizing what you do btw.

Hi bro, i am just curious how you guys can make it to determine on the fly.

To tell the truth, i once tried but failed, so i am admiring your tricks.
Outcome is not important at all, but correct technique is what only matters
  • #788,032
  • Apr 16, 2013 2:56am Apr 16, 2013 2:56am
Quoting szpowerx
Hi bro, i am just curious how you guys can make it to determine on the fly. To tell the truth, i once tried but failed, so i am admiring your tricks.
Practice. I am not perfect by any means, but practice your analysis. Over the last year, I've spent anywhere from 4-8 hrs a day studying charts. That may be more than anyone is willing to do, but I enjoy it. I need glasses now, but oh well lol. Just watch how price action unfolds. What are the market conditions, etc.
When the facts change I change my mind, what do you do sir
  • #788,033
  • Apr 16, 2013 2:59am Apr 16, 2013 2:59am
Quoting Pip Anon
Practice. I am not perfect by any means, but practice your analysis. Over the last year, I've spent anywhere from 4-8 hrs a day studying charts. That may be more than anyone is willing to do, but I enjoy it. I need glasses now, but oh well lol. Just watch how price action unfolds. What are the market conditions, etc.
Sure, thanks, i will try to practice more in future.

But right now, i find there are too much instinct shortcomings inside myself, if i try to do this way.

But i am worried i cant improve even i tried due to these shortcomings is inside myself too deeply.
Outcome is not important at all, but correct technique is what only matters
  • #788,034
  • Apr 16, 2013 3:01am Apr 16, 2013 3:01am
oooooo 1.3022 gann support/resitance perfectly rejected . VERY bullish signal... 1.3133-13172 zone first but expecting 1.3284 at least this week but targeting 1.34. 1.2997 needs to be broken to confirm lower
Loser trying to become a winner!
  • #788,035
  • Apr 16, 2013 3:03am Apr 16, 2013 3:03am
Quoting szpowerx
Sure, thanks, i will try to practice more in future. But right now, i find there are too much instinct shortcomings inside myself, if i try to do this way. But i am worried i cant improve even i tried due to these shortcomings is inside myself too deeply.
Dont beat yourself up. It takes time. When I first started I really had a bad implies habit. I'd trade my system and make great profit, and that one implies trade tore it up.
When the facts change I change my mind, what do you do sir
  • #788,036
  • Apr 16, 2013 3:04am Apr 16, 2013 3:04am
Quoting citizen1981
1.3046 - key point I think. If it bounce very strong then I will be long. GL All.
If we see a high volume here and big jump bar up it will be the last confirmation I needed.
  • #788,037
  • Apr 16, 2013 3:06am Apr 16, 2013 3:06am
Quoting Pip Anon
Dont beat yourself up. It takes time. When I first started I really had a bad implies habit. I'd trade my system and make great profit, and that one implies trade tore it up.
Okay, thank you.

It is very difficult to confront who i am.
Outcome is not important at all, but correct technique is what only matters
  • #788,038
  • Apr 16, 2013 3:09am Apr 16, 2013 3:09am
[email protected] [email protected]
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  • #788,039
  • Apr 16, 2013 3:16am Apr 16, 2013 3:16am
quick 40 pips from the short
  • #788,040
  • Apr 16, 2013 3:18am Apr 16, 2013 3:18am
Quoting Danny Maina
quick 40 pips from the short
what short would that be you never posted one!

so where is the point is saying that?
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