priceaction1 journal

HAHAHAHA, GOOD EXAMPLE

I close my short in 1.1223 area with 2-3 pip loss. and see what she did after breach up side to this area 1.1273 test

When a position is established, most traders instead of continuously probing to find time window (opening),
if such was still valid, normally resigns to exploring the alternatives to his analysis.
Even at the expense of accumulating losses.
This is the wrong mindset to adopt.

Under adverse conditions, the decision process should be focused, on the resolve of

1. If the position was desirable , then more capital will have to be put at risk
and a rescue of the badly timed position must be effected.

2. If any mitigating factors, disallows for such to be effected, the trader should
bite the bullet, and put the position out of its misery,
until it may be advantages to reinstate.
No other subjective thoughts must enter to his mind to hamper the managing of the position

why I fail
this is the point(I did not comply this one)

Under favourable senarios , such positions should be guarded with the resolve to ride it within acceptable positive book parameters at all times. (mm section, optimising to zero failure posibilities)

Therefore I have advocated always to be patient to timing your attacks.
Sun Zi Bing Fa
"When torrential water tosses boulders, it is because of its momentum.
When the strike of a hawk breaks the body of its prey, it is because of timing."

For PriceAction1!!!!

GIR TAI HAIN SHAH SAWAR HI MAIDAN MAI.

Hi priceaction1,

enjoy reading your journal.
took me couples of hours to read FTI teaching.
looking forward to applied the methodology in my trading style.

short gbpjpy around 195.00 low leverage.

Add some more @ 195.20-23 area.

So you started to trade other pairs as well besides Eurusd.keep it up.

finally I am back to stay longer.

this time market catch me. I hedge my positions last Friday eur and dragon(gbpjpy) waiting for break out either side

close all at same time side line not sync with market

A low leverage short position is held in eurusd let see what will out come.

http://www.forexfactory.com/showthre...76#post7481076
http://www.forexfactory.com/showthre...14#post7474714
http://www.forexfactory.com/showthre...91#post7624491
http://www.forexfactory.com/showthre...7639&page=1072
http://www.forexfactory.com/showthre...44#post1796544
http://www.forexfactory.com/showthre...29#post7454529
http://www.forexfactory.com/showthre...81#post6897181
http://www.forexfactory.com/showthre...89#post2607189
http://www.forexfactory.com/showthre...17#post7430617
http://www.forexfactory.com/showthre...02#post7059702
http://www.forexfactory.com/showthre...37#post7010837
http://www.forexfactory.com/showthre...13#post2015413

my twitter @priceaction11

let see what will out come of this eur short trade.

https://charts.mql5.com/8/260/eurusd...al-markets.png

usdcad target 1.34 area

https://charts.mql5.com/8/260/usdcad...al-markets.png

Grexit odds have increased significantly – TDS http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f6954f4d-3ba3-474c-bbec-c892b0595d69