Hi Clive
Been tied up the last few days so have not been able to contribute.
You are fully aware of what your 'issues' are. Many of the recent emails touch on them.
I'll say it again. You are sitting on a goldmine so stop chasing the mythical pot of gold at the end of the rainbow.
Your system gives great entries with great RR. You battle not with exits I suspect, but with the mental aspect of wanting it all. No-one gets it all no-one, make no mistake you will not be the first to get it all. That's not a comment against you but the simple fact that no-one will.
OK in your quest to get it all you chase the big runs and put up the charts to prove it. All well and good but when the market chops your 20 pip trades come back to BE you change your strategy to fit that, putting up loads of charts for that scenario. Then when we trend again theres more charts to support that revised scenario. Every few days theres a flood of new (but basically the same) very, very lengthy posts to give the latest view.
Chase the big runs with a fixed exit strategy will likely give several BE trades. You will not have the success you look for until you complete the final aspect of your trade plan. You can partial exit, add positions, trail stop, target D or W pivots RN's or the 25/50/75 targets once say 50 pips up reached, proven SR levels, enter LO and exit Lon close, re-enter around US open if London trades have been exited.
There are many, many repeatable things in the market. LO head fakes, the US open weak CT move, the London close reversal, if London is largely sideways (often a 1 min chart doesn't really highlight this) then US session will often run well, if LO runs quick 50-70 pips then that's often it for a few hours. You could build that into your plan e.g. if London largely sideways and gives you 2 BE trades then its more likely that US will run well and you'd be targeting a bigger move. If LO has run 70 pips down and gives you a DB or HL then you exit.
Whatever you choose live with it until you have tested and proved another exit strategy works better. Until you can mentally come to grips with an exit strategy that gives you an edge and that you accept (will not get it all as you can't) you will not get the level of success that you want.
Finally you need to have a written trade plan that defines your level of success. At the moment you're running for the unobtainable and missing the point.
I will repeat a story when I first ventured into sales many moons ago. The top guy in our organisation fancy cars, (very, very fancy house) kept sales records. Most sales were bread and butter deals and every so often he came on a biggie, the home run. He never turned his nose up from a bread and butter sale knowing in his mind that a biggie was coming, as it always did, because everything was just numbers (say 1 monster deal in 20). He always worked hard, did the basics that kept the sausage machine that is sales going. Took his average sales, welcomed the monsters when they came.
Instead of writing mammoth posts every few days/week with your latest view put your current method including exit strategy in the 1st post. Don't say when you get time because you make the time to write these massive posts every week!!! Change it only when you have proven something is better for all types of markets not when you have your next flash of inspiration.
You have got your winning method, you just don't know it yet.
Been tied up the last few days so have not been able to contribute.
You are fully aware of what your 'issues' are. Many of the recent emails touch on them.
I'll say it again. You are sitting on a goldmine so stop chasing the mythical pot of gold at the end of the rainbow.
Your system gives great entries with great RR. You battle not with exits I suspect, but with the mental aspect of wanting it all. No-one gets it all no-one, make no mistake you will not be the first to get it all. That's not a comment against you but the simple fact that no-one will.
OK in your quest to get it all you chase the big runs and put up the charts to prove it. All well and good but when the market chops your 20 pip trades come back to BE you change your strategy to fit that, putting up loads of charts for that scenario. Then when we trend again theres more charts to support that revised scenario. Every few days theres a flood of new (but basically the same) very, very lengthy posts to give the latest view.
Chase the big runs with a fixed exit strategy will likely give several BE trades. You will not have the success you look for until you complete the final aspect of your trade plan. You can partial exit, add positions, trail stop, target D or W pivots RN's or the 25/50/75 targets once say 50 pips up reached, proven SR levels, enter LO and exit Lon close, re-enter around US open if London trades have been exited.
There are many, many repeatable things in the market. LO head fakes, the US open weak CT move, the London close reversal, if London is largely sideways (often a 1 min chart doesn't really highlight this) then US session will often run well, if LO runs quick 50-70 pips then that's often it for a few hours. You could build that into your plan e.g. if London largely sideways and gives you 2 BE trades then its more likely that US will run well and you'd be targeting a bigger move. If LO has run 70 pips down and gives you a DB or HL then you exit.
Whatever you choose live with it until you have tested and proved another exit strategy works better. Until you can mentally come to grips with an exit strategy that gives you an edge and that you accept (will not get it all as you can't) you will not get the level of success that you want.
Finally you need to have a written trade plan that defines your level of success. At the moment you're running for the unobtainable and missing the point.
I will repeat a story when I first ventured into sales many moons ago. The top guy in our organisation fancy cars, (very, very fancy house) kept sales records. Most sales were bread and butter deals and every so often he came on a biggie, the home run. He never turned his nose up from a bread and butter sale knowing in his mind that a biggie was coming, as it always did, because everything was just numbers (say 1 monster deal in 20). He always worked hard, did the basics that kept the sausage machine that is sales going. Took his average sales, welcomed the monsters when they came.
Instead of writing mammoth posts every few days/week with your latest view put your current method including exit strategy in the 1st post. Don't say when you get time because you make the time to write these massive posts every week!!! Change it only when you have proven something is better for all types of markets not when you have your next flash of inspiration.
You have got your winning method, you just don't know it yet.
