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45 Combo - momentum system

  • #2,101
  • Feb 26, 2015 3:42am Feb 26, 2015 3:42am
Quoting fx-Tycoon
ej out for +6.. Done for the night... out to bed with +1 and -10 for the week. GN.
I banked on EJ too. Only I had the smart idea to enter on the second EU and got a loss on that too. Final is -1.5. Enjoy some rest, Ty, and thanks.
  • #2,102
  • Feb 26, 2015 4:03am Feb 26, 2015 4:03am
Hi guys .. this news has just come out ..
Reuters) - German lawmakers signaled that they will approve an extension of Greece's bailout with an overwhelming majority in parliament on Friday although many will do so reluctantly amid fears Athens will not deliver on its reform promises.
  • #2,103
  • Feb 26, 2015 4:06am Feb 26, 2015 4:06am
EJ +-0
EU -1

so far -1 for the day...one hour more to go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ26.2.15.png Size: 95 KB
Click to Enlarge Name: EU26.2.15.png Size: 92 KB
trading is like dancing, don't think and just listen to the music!
  • #2,104
  • Edited 4:40am Feb 26, 2015 4:26am | Edited 4:40am
EU and EJ long N

nobody with me?

sigh lost my hard earned 10 pips....
  • #2,105
  • Feb 26, 2015 4:28am Feb 26, 2015 4:28am
Quoting Pipsverdi
EU and EJ long N
those are a skip for me, based on preceding PA
  • #2,106
  • Feb 26, 2015 4:31am Feb 26, 2015 4:31am
Quoting pullup
{quote} those are a skip for me, based on preceding PA
what did u fell was wrong with PA?
  • #2,107
  • Feb 26, 2015 4:34am Feb 26, 2015 4:34am
Quoting Pipsverdi
{quote} what did u fell was wrong with PA?
buying at or below right shoulder of HS pattern, a personal filter
  • #2,108
  • Feb 26, 2015 4:41am Feb 26, 2015 4:41am
Good day all,

I'm not trading next few days, due to other obligations, wish you guys a lot of green pips!
I will be checking the thread every now and then.
Persistence will get it. Consistency will keep it.
  • #2,109
  • Feb 26, 2015 4:42am Feb 26, 2015 4:42am
Quoting Chake
Good day all, I'm not trading next few days, due to other obligations, wish you guys a lot of green pips! I will be checking the thread every now and then.
see you soon chake.....
  • #2,110
  • Feb 26, 2015 4:43am Feb 26, 2015 4:43am
Quoting Chake
Good day all, I'm not trading next few days, due to other obligations, wish you guys a lot of green pips! I will be checking the thread every now and then.
Who am I going to follow into trades now?? Hurry back................
  • #2,111
  • Feb 26, 2015 4:44am Feb 26, 2015 4:44am
Quoting pullup
{quote} buying at or below right shoulder of HS pattern, a personal filter
well....good intuition on this one....
  • #2,112
  • Feb 26, 2015 4:44am Feb 26, 2015 4:44am
Quoting Pipsverdi
EU and EJ long N nobody with me? sigh lost my hard earned 10 pips....
Same here...
  • #2,113
  • Feb 26, 2015 4:47am Feb 26, 2015 4:47am
Quoting Pipsverdi
{quote} well....good intuition on this one....
got burned a bit with this pattern, I'm not saying it's a hard rule for me, but I am not taking any like this at the minute and monitor them instead
  • #2,114
  • Feb 26, 2015 4:57am Feb 26, 2015 4:57am
no PA, so closed today with -1
trading is like dancing, don't think and just listen to the music!
  • #2,115
  • Feb 26, 2015 7:41am Feb 26, 2015 7:41am
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 283 KB


Hi Ty, i have a question...look at this chart: the 3 entries would have been winners with an hard SL of 10 , but 3 losers with low risk trades...
So the question is: Am i only saying BS because on the long run 10 pips SL would produce more bad than benefits..or sometimes is good to also let the trade breath a bit... thanks
  • #2,116
  • Feb 26, 2015 12:43pm Feb 26, 2015 12:43pm
Quoting Pipsverdi
{image} Hi Ty, i have a question...look at this chart: the 3 entries would have been winners with an hard SL of 10 , but 3 losers with low risk trades... So the question is: Am i only saying BS because on the long run 10 pips SL would produce more bad than benefits..or sometimes is good to also let the trade breath a bit... thanks
First of all its not 3 trades, if any no more than one unless you totally disregard the one trade in hr per direction rule.The stop placement is more of a risk management and psychological issue than anything else. It creates comfort and freedom for the mind to actually last to even perform the plan.In details; once you go 0-3 for -30 is way different than 0-3 for -15.. mind realizes the depth of the hole, the bigger the more prussure and higher chance of messing up.The greatest mistakes by retail traders is that they only and firstly see things in terms of profit rather than losses. How much I can profit!! And not, how much I can lose!!... It's about managing your losses well... profitability will take care of its own. PA/Market is made to deceive... chart shows a lot of tasty opportunities for profit but not easy to always capture it.. that is why a professional wise trader uses a trading plan and goes by structure of some kind and sticks with it to build discipline and habit, a routine which would lead to the eventual consistency. So, block the lure, charts pzas, tempting opportunities and stick to your trading plan as your only edge in the market. At least thats what I come out with.Cheers,
  • #2,117
  • Edited 3:57pm Feb 26, 2015 12:52pm | Edited 3:57pm
Quoting fx-Tycoon
{quote} First of all its not 3 trades, if any no more than one unless you totally disregard the one trade in hr per direction rule.The stop placement is more of a risk management and psychological issue than anything else. It creates comfort and freedom for the mind to actually last to even perform the plan.In details; once you go 0-3 for -30 is way different than 0-3 for -15.. mind realizes the depth of the hole, the bigger the more prussure and higher chance of messing up.The greatest mistakes by retail traders is that they only and firstly see...
Man....you really know this stuff... I am with you...and again thanks for the clear explanation
Actually the point of how much can i lose...instead of how much can i gain is really a good one... and even if i am sure you already mentioned it ,here somewhere...( this thread start to be big....) it was a good remind for me...
thanks Ty
  • #2,118
  • Feb 27, 2015 12:55am Feb 27, 2015 12:55am
Hello to all, on the edge of eu open to start the session.


Cheers,
  • #2,119
  • Feb 27, 2015 12:59am Feb 27, 2015 12:59am
Quoting fx-Tycoon
Hello to all, on the edge of eu open to start the session. Cheers,

GM

  • #2,120
  • Feb 27, 2015 1:01am Feb 27, 2015 1:01am
Good morning/evening all
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