DislikedIf your watching the action... on GU see how not being so anxious and being patience can save you money.Ignored
- Joined Aug 2010 | Status: absolute beginner | 4,569 Posts
successful trading requires patience&discipline
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DislikedEU came close again I had to zoom in to see if the moving averages had crossed and they had so I didn't take it. Cables looking weak.Ignored
Disliked...Now technically speaking... on ej, price moved about 11 pips and gave out a signal... but ask yourself if that is a mature momo move... it's definitely not. No to mention that it's far from Ideal signal.... low momo larger stop.Ignored
Dislikedok as you might be watching the action the quick assess of it would be something like this.. There was a good solid momentum move pretty much on all four pairs which got diminished by the strong pullbacks and now is just chaotic... that means not reversing for a solid move or resuming any kind of momentum and it's just playing weekly in the middle. These are the time that you don't want to force any trades until a good solid momo move establishes. Now technically speaking... on ej, price moved about 11 pips and gave out a signal... but ask yourself...Ignored
Disliked{quote} I took it in a rush and even at a better price but realised late it was "far from Ideal signal" and dropped it at 1 pip profit. In such cases, if you manage to lower the risk when the price retraces, would you enter the trade or the fact that the original signal was a bit stretched still suggests caution? ThanksIgnored
Disliked{quote} I don't understand what you mean by "lowering the risk"!!... the entry point is clear and so will be the risk... if you mean playing with the entry point as to take it earlier or up higher etc,... I don't find it wise. to me if its not firstly and for mostly swing qualify then I don't even look at it any longer. You need.. 1) Swing qualify 2) PB qualify 3) Resume qualify if the first one is not qualified then just foged abow it, lol btw) ej would have been stopped.Ignored