- #585
- Jan 30, 2015 4:08am Jan 30, 2015 4:08am
- Joined Feb 2014 | Status: Trader | 1,133 Posts
{quote} Thats for sure! And I have to say we have a very very good person here who is perfectly teaching and guiding us onto the right path
ty.
- #586
- Jan 30, 2015 4:11am Jan 30, 2015 4:11am
- Joined Feb 2014 | Status: Trader | 1,133 Posts
{quote} yes indeed! thank you TY for your effort and polite way to keep the thread going on and especially helping here and there with hints and questions! thank you.
ty.live questions will make people brainstorm and in my book it's the better way to make it stick.
Have a good weekend as well.
Cheers
{quote} Additional problem identified = top of this swing high was only a few pips higher than the bounce off of the 40EMA (as well as the entry being right at this top!) I also think that I should have entered on the first green candle that closed above the 5EMA so I actually entered WAAAY too late! It's funny how no matter how many times you read something you can still forget basic things when you get excited about a potential trade!
When we see a trade setup lining up we get caught by our emotions and then we see only this one point in front of us and that is the trigger point we finally enter the trade.
Like I did yesterday with my two trades... I heard myself saying to me, "ahhh 12 pips SL on GJ is ok when you have the chance to get 20"... Same on UJ, there was not enough MOMO but I was sooo happy to be in a trade
lesson learnt and today it was soooo much better
we all are humans
- #588
- Jan 30, 2015 4:14am Jan 30, 2015 4:14am
- Joined Jun 2014 | Status: Invisible | 1,471 Posts
{quote}
{quote} I think that is something we all have to learn and start to control! When we see a trade setup lining up we get caught by our emotions and then we see only this one point in front of us and that is the trigger point we finally enter the trade. Like I did yesterday with my two trades... I heard myself saying to me, "ahhh 12 pips SL on GJ is ok when you have the chance to get 20"... Same on UJ, there was not enough MOMO but I was sooo happy to be in a trade
- #590
- Edited 4:33am Jan 30, 2015 4:20am | Edited 4:33am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
trading is like dancing, don't think and just listen to the music!
EU +20 EJ+20, GU was also possible, with a max SL, but I didn't want 3 trades on at the same time{image} fx-Tycoon, thanks again for sharing this with us pullup
unfortunately I missed the NY moves, but there is always a tomorrow or next week!
But that brings me to a question for you Ty.
Is there a maximum amount of trades you are trading at the same time? What I mean is for example, when you currently are in two open possitions and there is another one or two signals, do you take them or do you skip them? Have you ever had 4 open positions at the same time?
- #594
- Jan 30, 2015 11:04am Jan 30, 2015 11:04am
EU +20 EJ+20, GU was also possible, with a max SL, but I didn't want 3 trades on at the same time
10 pips a day keeps poverty away
It's all on Page 3 post #45
- #597
- Jan 30, 2015 1:42pm Jan 30, 2015 1:42pm
{quote} Nice shots pullup!!!
This is what Ty says on the first Post.
3) I make only one trade per hour per direction, When and If signal is given.
Im am not sure if he means per pair or at all. But i think he means only one tarde at all in each direktion. I hope it helps.
