I've added a couple of extra Pips.
Can't wait, cause got go to do smth else.
+116.4 all together, today.
Can't wait, cause got go to do smth else.
+116.4 all together, today.
Trade the facts, not opinions.
Price Action in Day Trading by Dadas
- #1,902
- May 15, 2013 5:53am May 15, 2013 5:53am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Just an illustration why you have got to think.
I was trading inside Green H4 Support PTECZ when Daily Range was already pretty high.
I know the next Stop, it is not very far away, ca. 35 Pips down from this Support.
The Price will, probably reach the next Stop,
but my today's SLs would have all been executed
if I had been waiting or did not know what I was doing.
And, the Price came back down, again.
I am sorry, all you smart Guys out there who must stick to R/R & MM without thinking!
This way of losing money is just, simply, stupid!
I was trading inside Green H4 Support PTECZ when Daily Range was already pretty high.
I know the next Stop, it is not very far away, ca. 35 Pips down from this Support.
The Price will, probably reach the next Stop,
but my today's SLs would have all been executed
if I had been waiting or did not know what I was doing.
And, the Price came back down, again.
I am sorry, all you smart Guys out there who must stick to R/R & MM without thinking!
This way of losing money is just, simply, stupid!
Trade the facts, not opinions.
- #1,903
- May 15, 2013 6:22am May 15, 2013 6:22am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Dadas, my today's transaction){image} as well as the M1 it looks{image}
Why can some guys get it, and others can't?
All Darko40 was doing is Following the Trend and Following the PTECZ!
Trade the facts, not opinions.
- #1,904
- May 15, 2013 6:51am May 15, 2013 6:51am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Following on GOLD:
You should have realised by now that somethng is going on on GOLD.
Switch to H4 and check it out:
Obviously the Price is retracing back up.
I know the potential Stop there, too.
You should have realised by now that somethng is going on on GOLD.
Switch to H4 and check it out:
Obviously the Price is retracing back up.
I know the potential Stop there, too.
Trade the facts, not opinions.
- #1,905
- May 15, 2013 7:23am May 15, 2013 7:23am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
But, ultimately it is watch Price Action!
Thus, added some more Pips.
Though, Price is going towards my next Stop.
+169.5 Pips, now, today.
Thus, added some more Pips.
Though, Price is going towards my next Stop.
+169.5 Pips, now, today.
Trade the facts, not opinions.
- #1,906
- May 15, 2013 8:01am May 15, 2013 8:01am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
And, the next Stop has been reached.
All my TPs would have been executed!
That would have been at least 5x60=300Pips.
So, I did not Trade optimally!
I did not take all the opportunities.
Even on the last Trade, I could have made over 2 times what I had made.
Now, let's look at this from another point of view.
If I had been following some R/R rule, say 1/3, I would have to stick to SL = 20 Pips.
My TP was 60 Pips on each Trade.
I would have been 4x20=80 Pips in SL.
I would have been 1x60=60 Pips in TP.
Ultimately, the Price would have reached all my TP levels.
I would have been -20 Pips and still stupid not knowing why?
I prefer to know why I am losing and why I am +169.5 Pips in Profit, today.
All my TPs would have been executed!
That would have been at least 5x60=300Pips.
So, I did not Trade optimally!
I did not take all the opportunities.
Even on the last Trade, I could have made over 2 times what I had made.
Now, let's look at this from another point of view.
If I had been following some R/R rule, say 1/3, I would have to stick to SL = 20 Pips.
My TP was 60 Pips on each Trade.
I would have been 4x20=80 Pips in SL.
I would have been 1x60=60 Pips in TP.
Ultimately, the Price would have reached all my TP levels.
I would have been -20 Pips and still stupid not knowing why?
I prefer to know why I am losing and why I am +169.5 Pips in Profit, today.
Trade the facts, not opinions.
- #1,907
- May 15, 2013 9:19am May 15, 2013 9:19am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #1,908
- May 15, 2013 10:36am May 15, 2013 10:36am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
And, one more for the evening.
+191.6 Pips, today.
+191.6 Pips, today.
Trade the facts, not opinions.
- #1,910
- May 15, 2013 11:34am May 15, 2013 11:34am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Dadas, Would you be kind enough and critique my analysis as per your instructions in the first post on the hourly chart on the E/J please? Thanking you in advance. Best regards, {image}
You plotted the next Candles to PTECZs.
Trade the facts, not opinions.
- #1,912
- May 15, 2013 1:07pm May 15, 2013 1:07pm
Thank you for the kind words Dadas but still am not sure if it's just the result of playing with the trend whether as a result of playing with the trend and well set out PTCz 
, and even in the evening 10 pips on the Kiwis but this konsolka probably take until the morning, and better sleep - (google translator)Attachment 
, and even in the evening 10 pips on the Kiwis but this konsolka probably take until the morning, and better sleep - (google translator)Attachment my dream Australia.....
- #1,914
- May 15, 2013 10:26pm May 15, 2013 10:26pm
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Thank you for the kind words Dadas but still am not sure if it's just the result of playing with the trend whether as a result of playing with the trend and well set out PTCz
* Follow the Trend!
* Follow the PTECZ!
If you only hold firmly to these rules,
* add you R/R & M/M,
* Enter Long at Tops and Shorts at Bottoms,
* and close at Profit,
that is what you will get - Profit!
Trade the facts, not opinions.
- #1,915
- May 15, 2013 11:38pm May 15, 2013 11:38pm
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
- #1,916
- May 16, 2013 12:08am May 16, 2013 12:08am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #1,917
- May 16, 2013 12:33am May 16, 2013 12:33am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #1,918
- May 16, 2013 1:18am May 16, 2013 1:18am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
The day did not start bright for me.
Though, the weather is very nice.
I did save my money, I lost a lot of Pips.
Why was the Short obvious?
Because of the H4 PTECZ:
Wake up Dadas, man Wake Up!
Though, the weather is very nice.
I did save my money, I lost a lot of Pips.
Why was the Short obvious?
Because of the H4 PTECZ:
Wake up Dadas, man Wake Up!
Trade the facts, not opinions.
- #1,920
- May 16, 2013 1:45am May 16, 2013 1:45am
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
{quote} I am not saying that you will not Profit. You might, if you close your Profit not wait for TP. Why are you Guys always getting your own ideas? I said: "Sell at Tops". You: Sell when Price is already well down. I said: Go along with the Trend. You: Go against the Trend. I don't get it? You have got some information from The Big Guys? If you do, maybe you could share? And, you sold on the PTECZ which Potentially Ended The Bearish Trend without getting a Break Down and retrace confirming the continuation of the Bears???????????? Come on man,...
btw. i got inside information ej would fall 20 pips from there...
Money is made by sitting, not trading. Jesse L. Livermore