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  • #808,241
  • Jun 17, 2013 5:59am Jun 17, 2013 5:59am
Quoting hadox
{quote} patience to sit on my hands and do absolutely nothing ..
Thats where I struggle. I usually get good setups but end up overtrading. Hard to overcome for me have any tips.
  • #808,242
  • Jun 17, 2013 6:00am Jun 17, 2013 6:00am
Quoting Mr Hatch
{quote} See you in a couple of hours. {image}
Same H1 chart with piercings... let's wait for the tramp stamps.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2013-06-17 14:59:51.png Size: 9 KB
  • #808,243
  • Jun 17, 2013 6:01am Jun 17, 2013 6:01am
Quoting Petiedawgs
{quote} Thats where I struggle. I usually get good setups but end up overtrading. Hard to overcome for me have any tips.
Set your trade and shut down the computer. Use one of the child-protection tools (don't read: condom!) to prevent you from using it when in doubt. Come back, when you think the timeframe you based your trade has played out.
  • #808,244
  • Jun 17, 2013 6:04am Jun 17, 2013 6:04am
Quoting Mr Hatch
{quote} Set your trade and shut down the computer. Use one of the child-protection tools (don't read: condom!) to prevent you from using it when in doubt. Come back, when you think the timeframe you based your trade has played out.
Thanks good idea I will incorporate that. Ill set a timer on my phone to give me the heads up to even look at the comp.
  • #808,245
  • Jun 17, 2013 6:07am Jun 17, 2013 6:07am
Creating potential flag/pennant pattern on 1hr tf, long bias check it
  • #808,246
  • Jun 17, 2013 6:08am Jun 17, 2013 6:08am
Quoting Petiedawgs
{quote} Thanks good idea I will incorporate that. Ill set a timer on my phone to give me the heads up to even look at the comp.
you got a trading journal? If not, start keeping track. It helps.
  • #808,247
  • Jun 17, 2013 6:12am Jun 17, 2013 6:12am
Quoting andyq
very wise words, thank you, I really appreciate chatting with you, all the very best to you
you're welcome.. and great luck
Patience is a virtue...
  • #808,248
  • Jun 17, 2013 6:15am Jun 17, 2013 6:15am
Quoting Petiedawgs
{quote} Thats where I struggle. I usually get good setups but end up overtrading. Hard to overcome for me have any tips.
well just as hatch is saying you need to let the setup play out, why use all the time and effort if you chicken out everytime?

but i think one of the most important things is the TF and the RR..

how many trades do you have in an average month?
Patience is a virtue...
  • #808,249
  • Jun 17, 2013 6:33am Jun 17, 2013 6:33am
Quoting hadox
{quote} well just as hatch is saying you need to let the setup play out, why use all the time and effort if you chicken out everytime? but i think one of the most important things is the TF and the RR.. how many trades do you have in an average month?
Way too many
  • #808,250
  • Jun 17, 2013 6:35am Jun 17, 2013 6:35am
This EU has been kicking my butt, but this EW makes the most logical since...one more wave up above .3390 and then we should see downward pressure. Here is my daily and 4hour charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hchart.jpg Size: 253 KB
Click to Enlarge Name: daily.jpg Size: 323 KB
  • #808,251
  • Jun 17, 2013 6:36am Jun 17, 2013 6:36am
Quoting Petiedawgs
{quote} Way too many
what is your minimum RR for an entry?
Patience is a virtue...
  • #808,252
  • Jun 17, 2013 6:43am Jun 17, 2013 6:43am
Quoting hadox
{quote} looking at the higher TF, waiting for the best RR everytime, and most important; patience to sit on my hands and do absolutely nothing ..
This guy is giving away the holy grail to trading.
  • #808,253
  • Jun 17, 2013 6:44am Jun 17, 2013 6:44am
Quoting Venice
{quote} This guy is giving away the holy grail to trading.

  • #808,254
  • Jun 17, 2013 6:55am Jun 17, 2013 6:55am
Quoting godim
eur/usd H4 {image}
No resistance or support from the line. This means that the movement can continue on this line.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 88 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,255
  • Jun 17, 2013 6:56am Jun 17, 2013 6:56am
Quoting MeInGraySuit
This EU has been kicking my butt, but this EW makes the most logical since...one more wave up above .3390 and then we should see downward pressure. Here is my daily and 4hour charts. {image} {image}
So, how do you tackle this situation? Go long now with a target above 3390?
  • #808,256
  • Jun 17, 2013 6:56am Jun 17, 2013 6:56am
Quoting namitak007
{quote}

  • #808,257
  • Jun 17, 2013 6:59am Jun 17, 2013 6:59am
Quoting Mr Hatch
{quote}

  • #808,258
  • Jun 17, 2013 6:59am Jun 17, 2013 6:59am
eur/usd M15

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 45 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,259
  • Jun 17, 2013 7:04am Jun 17, 2013 7:04am
Quoting Mr Hatch
{quote} So, how do you tackle this situation? Go long now with a target above 3390?
Yes taking a small short, counting 5 waves on my hourly and exiting. Should get above .3390 according to EW, unless truncated!!. Move stops in the money when it gets to .3370. On 4 hour chart shows triangle, according to EW triangles are usually in the 4th wave which this one is and it usually signals the last of the actionary wave which means there should be one last wave before correction the opposite way.
  • #808,260
  • Jun 17, 2013 7:11am Jun 17, 2013 7:11am
Quoting MeInGraySuit
{quote} Yes taking a small short, counting 5 waves on my hourly and exiting. Should get above .3390 according to EW, unless truncated!!. Move stops in the money when it gets to .3370. On 4 hour chart shows triangle, according to EW triangles are usually in the 4th wave which this one is and it usually signals the last of the actionary wave which means there should be one last wave before correction the opposite way.
hm... just roughly: wave 5 would span ~50pips? hard to believe without a pb. GL.
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