Consequence Pilot Level Trading

Thank you... hope you did the same.

YW.

Who is we!!!

My EL's on the edge of EU open to start the day off...

Hiyas. I was late in on the first trade of the week (short). I entered at the level behind the current, but like the level for a further drop.

I am on a live account now and if I win I will post in TE... hehe kiddin I will post it regardless, when I get time. I prob wont post trade-by-trade as I am also managing other positions.

GL all.

I wish you best of luck and more importantly good skill with your new live account.

Thx mate.

I'm in defence to start with, out with -4 (London open approaching). Would have been B.E. had I followed the system.

couple of trades... 1st one long -1.5, spotted the quick FO so closed it right away... 2nd trade short off an aggressive EL with some patience good for +4.. which looked good off the break down to +3 pips then turned, I decided to stay with to see what londi would do, which turned bear on a rather strong resume, so I stayed with it till first hesitation... all in all not a clean move and play but some time experience will serve well..

ok guys I am going to give you guys some rocks...

look at the chart of prices recent movement and see what you make out of it...
you will see that since mid Asian session up to now price has formed a small 10 piper box with multiple touch on top side and three chop kind of touched on the bottom side...
when spotting such situation the chances are when taking shot at this levels you would get faked out mostly and quick bounce to the other side and there it goes until it breaks one way or other which we are not sure which way it will break and pretty much clueless as to When... so based on what we do here we take shots at these EL's regardless, but with much much extra care... exactly the same aggressive defensive play I made on my 1st long trade...
so the point i want to hit home here is.. spot the condition.. then see if you have to play extra defensive or softer etc,... but regardless you would want to take a shot instead of sitting on the side line... bcz that's the worst thing you can do...
you might say I would wait for it break out of this zone and take a shot then... well most of the time when price breaks out of this type of situations it runs for while without even making a hesitations at times.. so you be left off with out a winning trade.. the better play is to take shot and defend.. and after some wins survives of such under your belt measure you confidence and ability... it just might do wonders.

here is the break out of the box as QCW, well referring to the words in the above post.

I however, took a shot and played it way to aggressive closing for -1...
but i was there for the grab, played it safe and most likely if it had not messed around way too much in early stages I would have banked the target if not more.

Gah. Holding this one so far, even though I knew it was going to bounce due to the hit of 5m 200ema and also same hit on GU. UJ may of made a st top too... not sure where my line of "hope" vs "strat" is. Will watch for a bit longer then may shut this trade down.

Edit: The monthly 23.6 fibo is at 1.2858 for resistance though.

last trade short good for target.. took some patience..

A happy start to my TE, though as we all know 1 days stats means squat. I will be happy if after a couple of weeks it is still looking good.

I will prob be sitting sidelines for first hour of London today due to news releases.

Just for any interested here are my trades from yesterday.

fxempire, if u need some help with ur method, only if u want, ask me.

What makes you think I need help numbnuts!!

why you're angry with me?

i only offer you help if u want.

you dont have respect and are a bad trader....

numbnuts!!!!

with this rythm, u will lost the account in a month.

go to hell

aha who is being disrespectful and angry now...

I got no reason to be angry, lol


I just simply asked you what makes you think I need help.. tell me and we'll take it from there, ok sonny...