Consequence Pilot Level Trading | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Consequence of Getting revenge on the market 11 replies

Any Consequence for having too many successful traders? 25 replies

My GBPJPY Trading Journal - Trading from level to level 23 replies

Unexpected consequence of US debt downgrade? 0 replies

Stop loss level dependant on risk level? 2 replies

Attachments: Consequence Pilot Level Trading
Exit Attachments

Consequence Pilot Level Trading

  • #541
  • Sep 29, 2014 2:55am Sep 29, 2014 2:55am
Didn't want that short? I jumped out of mine on the inverted hammer and missed the move, not disappointed though.
As the lights go by so too do the shadows move
  • #542
  • Sep 29, 2014 2:58am Sep 29, 2014 2:58am
Quoting Matts Micro
yah agree. I norm aim for 5.7 if I think is possible, to cover comm. and was think 7 that trade which it hit. I just looked away and got distracted for a moment. Good thing it was myself that screwed up but the system proved itself again, which is the important part.

thats good... it's not a problem you'll get the next one...

I also go for +6... which after commission comes to +5 give or take... to be exact is 5.3..


there was a short EL 839... I passed on... sometimes i ignore EL's that go straight up and down or vise versa.. but this one was a winner.. a bit of daily management there to as i am up +3 winners so decided to pick a better battle.
if this was not the scenario i would have taken it...

good example of not ever cherry picking.. they all are fking the same, lol
Passion, Persist, Patience, Protect
  • #543
  • Sep 29, 2014 3:00am Sep 29, 2014 3:00am
Quoting FXEmpire
{quote} thats good... it's not a problem you'll get the next one... I also go for +6... which after commission comes to +5 give or take... to be exact is 5.3.. there was a short EL 839... I passed on... sometimes i ignore EL's that go straight up and down or vise versa.. but this one was a winner.. a bit of daily management there to as i am up +3 winners so decided to pick a better battle.
As the lights go by so too do the shadows move
  • #544
  • Edited 3:52am Sep 29, 2014 3:36am | Edited 3:52am
new EL for long 893 a bit lower than the one on top...

why I mention it?.. bcz it's vital to your success in defeating the chop or at least have a better chance of survival during such condition.

how can you tell a chop coming... well.. the last long was quick +7 pips burst up and shot down,,, then the last short same thing... so the fkr is lost.. and the worst thing for you to do is to get involve off the tops and bottoms... so, you want to catch trades before reaching these areas or voided levels in order to have a chance at banking off the hesitations at these levels or catch bigger profit when it breaks the hell out.... and at least, the early positioning will help out on defending.

dropping major knowledge for you right there off live real time analysis... humbly.
Passion, Persist, Patience, Protect
  • #545
  • Sep 29, 2014 4:06am Sep 29, 2014 4:06am
short 769 EL out it for -3... struggle at the level... I had a chance to get out at BE... but gave it one tiny chance since it bust from -6 to +1 off the open candle of new hour... but then again same...

gotta be act cold more.. played that like a wuss..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 93 KB
Passion, Persist, Patience, Protect
  • #546
  • Sep 29, 2014 5:02am Sep 29, 2014 5:02am
note to self: get more sleep before trading this system

Enjoyed the weekend a bit too much ima thinkin
As the lights go by so too do the shadows move
  • #547
  • Sep 29, 2014 5:57am Sep 29, 2014 5:57am
The last trade really pissed me off, lol

I kept the damn thing for 47min, which is way above what I usually hold.. (but it mid London session so slower move is expected).. anyways, minute after my exit it took off long.. shakksss, lol
Passion, Persist, Patience, Protect
  • #548
  • Sep 29, 2014 6:01am Sep 29, 2014 6:01am
navi...

i see you looking into the thread all day long... I am in a good mood, so I let you out of ignore box, and try to forget telling me to go to hell, lol...
but, only if you don't fk around again.... be a solid contributor bud, and follow the content of the thread..

here is a second chance..
Passion, Persist, Patience, Protect
  • #549
  • Sep 29, 2014 6:24am Sep 29, 2014 6:24am
Quoting FXEmpire
The last trade really pissed me off, lol I kept the damn thing for 47min, which is way above what I usually hold.. (but it mid London session so slower move is expected).. anyways, minute after my exit it took off long.. shakksss, lol
That's happened to me several times the past few days, I've being thinking there must be a psychological and stress level that brokers etc must know about before shifting direction... just thoughts passing as I trade.

I knew I should have kept open to my target, 1.2694
As the lights go by so too do the shadows move
  • #550
  • Sep 29, 2014 6:37am Sep 29, 2014 6:37am
Quoting Matts Micro
{quote} That's happened to me several times the past few days, I've being thinking there must be a psychological and stress level that brokers etc must know about before shifting direction... just thoughts passing as I trade. I knew I should have kept open to my target, 1.2694

nahhh, got nothing to do with brokers.. they are small fish in this massive market to move anything.

it all about the trader... always point the finger at yourself..

for me personally it was way over due to drop that trade... based on my plan trade must go in my direction a reasonable time and rhythm.. if it does not it's a dead play... regardless of outcome., but it does tick me off sometimes, lol


2694!!!...geeee thats elephant hunting, lol
Passion, Persist, Patience, Protect
  • #551
  • Sep 29, 2014 6:47am Sep 29, 2014 6:47am
Quoting FXEmpire
{quote} nahhh, got nothing to do with brokers.. they are small fish in this massive market to move anything. it all about the trader... always point the finger at yourself.. for me personally it was way over due to drop that trade... based on my plan trade must go in my direction a reasonable time and rhythm.. if it does not it's a dead play... regardless of outcome., but it does tick me off sometimes, lol

Yah I hear yah, I felt uncomfortable holding the last one as long as I did but I also knew that the BO was coming and even my trade had already broke the falling TL. I am on the backfoot atm though with a couple of loses. It just seems unusual with PA that so many trades can be closed at the top and bottom if a plan isn't adhered to, just makes me think that there is a something in us that can only take so many red pips or fear of losing profit when in green because I am sure there are many that do it. But nm perhaps another discussion for another thread.
As the lights go by so too do the shadows move
  • #552
  • Edited 8:13am Sep 29, 2014 8:00am | Edited 8:13am
long EL 27059 good for +5.. this one was sitting right at daily pivot... so took it with not whole lot of tolerance and looking only for QCW... and thats what exactly was... happy with this trade.

however if the break is for real.. it can go up for more... which is irrelevant to what we do here..


My daily target reached today atm..
for TE it comes to about between 15-20 pips $300..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 90 KB
Passion, Persist, Patience, Protect
  • #553
  • Sep 29, 2014 8:28am Sep 29, 2014 8:28am
matt don't go for big profit bud... stay in control, little by little will become a mountain and over come any large negative...

just a brotherly advice out of care..
Passion, Persist, Patience, Protect
  • #554
  • Sep 29, 2014 8:36am Sep 29, 2014 8:36am
Quoting FXEmpire
matt don't go for big profit bud... stay in control, little by little will become a mountain and over come any large negative... just a brotherly advice out of care..
Yah, I hear you loud and clear. Got a mantra going atm "There will be another trade after this one" lol. Made all sorts of mistakes today and now greed is trying its hand.
As the lights go by so too do the shadows move
  • #555
  • Sep 29, 2014 8:41am Sep 29, 2014 8:41am
U.S market had opened sht... everything fallen... so maybe long still in play..
I was hoping for a better market to open and gunning the short EL for a strong drop to put the hammer on the beast for tonight, lol.. wishful thinking.. still time though lets see what happens..

who the hell knows where will it be swinging it.. right.. lol

just to keep in the back of the mind and awareness..
Passion, Persist, Patience, Protect
  • #556
  • Sep 29, 2014 8:54am Sep 29, 2014 8:54am
price having some trouble pass through the DP.. if market picks up a bit.. we could have a solid shot at the short EL 987....
remember if you take that and if it looked strong let it ride till real threat against.. thats what i will do.. so just sharing.
Passion, Persist, Patience, Protect
  • #557
  • Sep 29, 2014 9:26am Sep 29, 2014 9:26am
short EL 987 for -3... that spinner candle got me as I tried to avoid a shoot up to other side...
I don't care, it was showing all kinds of weakness in the heat of time... made the right play

not about to give much back at nearly end of the trading session..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 90 KB
Passion, Persist, Patience, Protect
  • #558
  • Sep 29, 2014 9:32am Sep 29, 2014 9:32am
Quoting FXEmpire
short EL 987 for -3... that spinner candle got me as I tried to avoid a shoot up to other side... I don't care, it was showing all kinds of weakness in the heat of time... made the right play not about to give much back at nearly end of the trading session.. {image}
I didn't get a spinner here but yah it was looking weak and after the amount of FO's today (not so much this system but just in general) I was ready to stop it too. Was watching other pairs though and was looking like the BO. Still not 100% if it's going to stick though. They pumping this level for all its got.
As the lights go by so too do the shadows move
  • #559
  • Sep 29, 2014 9:36am Sep 29, 2014 9:36am
Quoting Matts Micro
{quote} I didn't get a spinner here but yah it was looking weak and after the amount of FO's today (not so much this system but just in general) I was ready to stop it too. Was watching other pairs though and was looking like the BO. Still not 100% if it's going to stick though. They pumping this level for all its got.
sweet bank for you there, congrats...

there was a big time fight at that level though and bears finally and barely won... just did not wanted to fall victim to it.
I wish all that moves that were being put on was happening not right at the EL.. otherwise i would have stayed with it.... anyhow this is the move i wanted and was gunning for.. damn almost had it,, would had been great finish to the day for me..

I must admit, i was a bit to aggressive on that one.. wussieeee lil play, lol
Passion, Persist, Patience, Protect
  • #560
  • Sep 29, 2014 9:47am Sep 29, 2014 9:47am
Quoting FXEmpire
{quote} sweet bank for you there, congrats... there was a big time fight at that level though and bears finally and barely won... just did not wanted to fall victim to it. I wish all that moves that were being put on was happening not right at the EL.. otherwise i would have stayed with it.... anyhow this is the move i wanted and was gunning for.. damn almost had it,, would had been great finish to the day for me.. I must admit, i was a bit to aggressive on that one.. wussieeee lil play, lol
Cheers though even I was out a bit early I think. The 5 min 200ema was sitting about 3-4 pips lower (just hit). I was aiming for it but ...
As the lights go by so too do the shadows move
4 traders viewing now