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Fail Better

Watching Kiwi for a rounded retest at 0.8053
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Tom,
Great thread! I'm still going through the old stuff and am amazed that you're still doing the webinars :o
Please sign me up! I can't pm since I've mainly been lurking.

Email: kurayami.tenshi AT gmail.com

Thanks!
Took this on a Retest of this level...R/R seems good on this .going ok so far, Coming up to the first FTA area.....

Entry : 98.370
SL: 98.230
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Been stopped out, feel it was right thing to do, after bouncing off the first FTA.

0.9R+
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Nice trade and a good level in my oppinion. But why didnt you just get out at the fta right away?
Quoting daveone
Nice trade and a good level in my oppinion. But why didnt you just get out at the fta right away?
Am asking myself the same question.......
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Quoting Streetlight
Been stopped out, feel it was right thing to do, after bouncing off the first FTA. 0.9R+ {image}
This is exactly why Tom says not to move to BE

Good to see some action on this thread, I have been surprised how dead it went. Is there a skype group that everyone has moved to or something? After doing the whole moving around 100000 strategys thing this is definitely what I am going to focus on now and keen to discuss with others...
Quoting daveone
{image}
Im not sure about this one. Although is a very strong zone, price hasnt respected the level on the most recent touches and so I think this makes it not at A grade set up
Quoting andyhardwick
{quote} This is exactly why Tom says not to move to BE Good to see some action on this thread, I have been surprised how dead it went. Is there a skype group that everyone has moved to or something? After doing the whole moving around 100000 strategys thing this is definitely what I am going to focus on now and keen to discuss with others...
+0.9R is not BE imo, after it coming off the first FTA area, would be crazy to hold on and take a full 1R loss(as it played out).
Only Trade I am looking at today in the H1 is the aussies.....

2 touch, 61.8 fib, plus if we get up there....well over its ATR for the day.....
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Quoting Streetlight
{quote} +0.9R is not BE imo, after it coming off the first FTA area, would be crazy to hold on and take a full 1R loss(as it played out).
Hi mate,

Yeah im not saying it is a BE result but Tom is a big advocate of not moving the stop to BE. Im sure I have read that alot of the time he will take off half at FTA and half at next significant S/R.

Anyway up to you what you do of course im just repeating what Tom stresses (at least I hope I am!)
Quoting andyhardwick
{quote} Hi mate, Yeah im not saying it is a BE result but Tom is a big advocate of not moving the stop to BE. Im sure I have read that alot of the time he will take off half at FTA and half at next significant S/R. Anyway up to you what you do of course im just repeating what Tom stresses (at least I hope I am!)
Totally understand what you and Tom are saying. As I know Tom is not a fan of BE.
Quoting andyhardwick
{quote} Good to see some action on this thread, I have been surprised how dead it went. After doing the whole moving around 100000 strategys thing this is definitely what I am going to focus on now and keen to discuss with others...
.... may be due to the holidays andy, anyway post away mate I think threads always need new blood.

Whatever a traders personal thoughts on the BE move are, I think that it's certainly around this subject of MM that we "traders" need to get it right, and that's where the journal comes in.

Nice AU chart streetlight
EUR/USD is approaching an interesting area.
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skype: ststroud. let's talk trading.
Quoting tyler812
EUR/USD is approaching an interesting area. {image}
Yeah, it is but, I am going to want to see a close below the RN.
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Could anybody reupload Tom ATR video?

Thanks in advance

  1. May 1, 2012 9:32am

Quoting Quidsey
Here's an "important stuff condensed PDF" of the start of this thread. {image}

Is there an update to this excellent summary?
Attached File(s)
File Type: pdf The wizard FF thread.pdf   2.0 MB | 1,190 downloads
Quoting joselopezde
May 1, 2012 9:32am{quote} Is there an update to this excellent summary? {image}
No that's the only one I made.
Hey guys,

Could anybody tell me where can I watch Tom's weekly webinars?
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