choros
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- #9,302
- Jun 13, 2013 3:42am Jun 13, 2013 3:42am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #9,305
- Jun 13, 2013 4:42am Jun 13, 2013 4:42am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #9,311
- Jun 13, 2013 7:08am Jun 13, 2013 7:08am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #9,314
- Jun 13, 2013 7:40am Jun 13, 2013 7:40am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #9,319
- Jun 15, 2013 2:01am Jun 15, 2013 2:01am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
Just to keep myself honest and disciplined, I had four losing (demo) trades on CHOROS yesterday. To be honest nothing on the charts during Asia looked tradeable, and I took that as a warning sign, but perhaps not strong enough of a warning.
GBPNZD was a new addition to my watch list. I think this trade looked good according to the rules; the pin bar pullback being spread over two candles. But I saw it start to go against me, and so closed the trade. Turns out (see later chart) that it would have been a winner.
GBPNZD again. You can see how the other trade would have been a winner. But this one was not. Perhaps the price action was not as clear as it could have been - it wasn't really a pinbar.
Again, the pinbar spread over two. Perhaps the long tails down should have been a warning. But I took it and paid the price.
The AUDUSD pinbar looked strong, and went straight to the 35/50s, and then fell through.
So a little lacking in discipline from me, but the charts just didn't look as well behaved as they did on previous days. And so it goes.
Comments welcome.
GBPNZD was a new addition to my watch list. I think this trade looked good according to the rules; the pin bar pullback being spread over two candles. But I saw it start to go against me, and so closed the trade. Turns out (see later chart) that it would have been a winner.
GBPNZD again. You can see how the other trade would have been a winner. But this one was not. Perhaps the price action was not as clear as it could have been - it wasn't really a pinbar.
Again, the pinbar spread over two. Perhaps the long tails down should have been a warning. But I took it and paid the price.
The AUDUSD pinbar looked strong, and went straight to the 35/50s, and then fell through.
So a little lacking in discipline from me, but the charts just didn't look as well behaved as they did on previous days. And so it goes.
Comments welcome.