{quote} Killer trade!
'Fail to plan, plan to fail'
james16 Chart Thread
- #136,541
- Aug 18, 2015 10:06am Aug 18, 2015 10:06am
- Joined May 2011 | Status: Trader | 1,265 Posts
{quote} Call me lucky.....
You can't hoodwink me... "Oh, twas a lower TF entry" I say BS! You've got a couple tricks up your sleeve!
- #136,544
- Aug 18, 2015 10:39am Aug 18, 2015 10:39am
- Joined May 2011 | Status: Trader | 1,265 Posts
{quote} It's not luck when you're hitting 9 in 10 GB, I follow your posts carefully
'Fail to plan, plan to fail'
{quote} Hey Gerard, yeah if you played the retrace you'd be trading into 138 BRN but you would have moved your stop to BE when price approached 138 (1R). So it would have been a free trade from that point on and you would have taken 2.5R profits at the end.
Although it is true that from the break of the bar there are not important ppz until the next brn.
I kept missing good trades and taking the bad ones
my filter is broken lol
Had to be me. Someone else might have gotten it wrong.
{quote} I saw this setup, but didn't like that it closed just above the BRN. Several times I have seen that it pulls through enough to catch your order and then bum, against you. Although it is true that from the break of the bar there are not important ppz until the next brn. I kept missing good trades and taking the bad ones
Maybe that's the problem, Mordy? You don't really care 'cause you have a ton of money already and so you're less picky about your trades?
{quote} You're the only person I know that can laugh about the fact that he has a broken filter.
I think that I get like really nervous and I don't analyze correctly, is like I always miss something that of course in the post-trade analysis I see that it was important.
Had to be me. Someone else might have gotten it wrong.
{quote} Hey Gerard, yeah if you played the retrace you'd be trading into 138 BRN but you would have moved your stop to BE when price approached 138 (1R). So it would have been a free trade from that point on and you would have taken 2.5R profits at the end.
most of my demo and paper trades are entered on break of PA, so playing the retrace is something new to me (hence my most recent questions on this topic in the last few pages).{quote} I saw this setup, but didn't like that it closed just above the BRN. Several times I have seen that it pulls through enough to catch your order and then bum, against you. Although it is true that from the break of the bar there are not important ppz until the next brn. I kept missing good trades and taking the bad ones
I wish we have the brain of Mordin Solus (love your screen name and profile picture, btw!) when it comes to trading: genius, works on pure logic and rationality without letting emotions getting in the way.
- #136,556
- Aug 19, 2015 2:28am Aug 19, 2015 2:28am
{quote} Hi Oble, I am not getting your point.. Adhav
Slow & steady
- #136,558
- Aug 19, 2015 2:57am Aug 19, 2015 2:57am
{quote} {quote} Hi Oble & Patapouer, Thanks for your explanation.. I think the way of my question was misplaced.. I trading pure technical, but sometimes my position hit SL unexpectedly due to major news release and come back to its own directions as expected. It doesn't happen for all days, but periodically. For example, I am open a long entry and market moves my favor. So, I slowly move my SL towards BE based on market movement.If any news released in the middle of position, price get reversal and hit my current SL. I am mainly focus on reduce...
it happens also. I never tried to correlate this with any news release though. I always thought I tightened my stop too soon and got stopped when price retested a level. Then the difficulty is to find a balance between protecting your account while keeping the trade enough room to develop. .. couldn't find a clear cut answer to that I'm afraid....did you search for a tool that would help you monitor you trade from your mobile? I know there is a mt4 app for android . Don't know if it can be of any help. ..
Slow & steady
