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  • #3,161
  • Edited 2:45am Aug 29, 2015 2:27am | Edited 2:45am
Quoting Matomi
Hard day today, I started again bit late because I have to give my car to servis, so I catched exact that f.... range and I made a lot of mistakes too. So my scalping strategy kicked my ass, but at the end I take this +65 What do you think Friska ? {image}

yeah you get it!
nice work!

like a COG that you know well, price tends to be attracted from the center line
of the channel so we can base our attention also on this,
but again i would repeaat that a div without references or confirmation is quite risky for a blind entry...
you had 2, div+upper channel high. not break, but it seems to have been enough...
nescentia necat
  • #3,162
  • Aug 29, 2015 2:42am Aug 29, 2015 2:42am
Quoting nuckern
{quote} As I said price was in the lower channel at the time. (TMA repainted after that coz the move was too fast). I noticed you didn't have these div on your chart. That's why I asked if you would take them. Sometimes I forget about these great advices! Today only 40pips... Coz I fu...ed up 130 pips..Yea you heard right. I know it's unbelievable. If I made only half mistakes I'd have my 100pips day and I would be in better mood. OFC the better would be NO MISTAKES!! Well, I'm not sure if I should trade anymore.. To be honest I don't have...
yes I understand what you say, and you could not find me near you right now,
for me yesterday was a disastrous day, mentally.
I think the worst NY session ever.
I had already done a great amount of pips (currencies) in the early hours of LO, something more on the Dax (I posted here), and for me the day would end there.
but then NY, some movement, I can not resist, I insert orders, as I like to do, and nothing! the price continued invariably to take the order and reverse going straight on SL. at the end, given back almost everything. but that's how it has to go when I do not have discipline,
and this enviroment makes you understand immediately ... with interest!
on the other hand, however, I must be careful to evaluate my performance on an appropriate period,
knowing that these 'black days' are a reality, and draw my own conclusions on that.
and in conclusion, to me, the path is still long!
nescentia necat
  • #3,163
  • Aug 29, 2015 7:01am Aug 29, 2015 7:01am
Quoting friska
{quote} yeah you get it! nice work! like a COG that you know well, price tends to be attracted from the center line of the channel so we can base our attention also on this, but again i would repeaat that a div without references or confirmation is quite risky for a blind entry... you had 2, div+upper channel high. not break, but it seems to have been enough...
Thank you so much for comment, really this is not my favourite style of trading. I am scalper and entries on TMAs are not very often, but since I am looking on that I have a good basic for my scalp trades, too. What about Dash, hows results at the end of week ?
  • #3,164
  • Aug 30, 2015 9:29am Aug 30, 2015 9:29am
Quoting friska
{quote} yes I understand what you say, and you could not find me near you right now, for me yesterday was a disastrous day, mentally. I think the worst NY session ever. I had already done a great amount of pips (currencies) in the early hours of LO, something more on the Dax (I posted here), and for me the day would end there. but then NY, some movement, I can not resist, I insert orders, as I like to do, and nothing! the price continued invariably to take the order and reverse going straight on SL. at the end, given back almost everything. but...
I know I'm on a good path. But as you said this path is still long. I gave back about 70(from 130 lost) pips on Friday in childish way. This wasn't even about my plan.It's was combination of frustration, greed, fear and revenge. And I realize what I've done. And that's the worst thing about it. I gotta treat it like a business. No exception. That's the way to consistency. Stick to the plan and don't do bullshit. I know I can make it and I hope I prove it soon. But that's just a part of it. I know there's too much to improve for me. And I'm prepared & willing to sacrifice everything to it.
  • #3,165
  • Aug 30, 2015 1:09pm Aug 30, 2015 1:09pm
Quoting nuckern
{quote} I know I'm on a good path. But as you said this path is still long. I gave back about 70(from 130 lost) pips on Friday in childish way. This wasn't even about my plan.It's was combination of frustration, greed, fear and revenge. And I realize what I've done. And that's the worst thing about it. I gotta treat it like a business. No exception. That's the way to consistency. Stick to the plan and don't do bullshit. I know I can make it and I hope I prove it soon. But that's just a part of it. I know there's too much to improve for me. And I'm...


nescentia necat
  • #3,166
  • Aug 30, 2015 1:25pm Aug 30, 2015 1:25pm
Quoting Matomi
{quote} Thank you so much for comment, really this is not my favourite style of trading. I am scalper and entries on TMAs are not very often, but since I am looking on that I have a good basic for my scalp trades, too. What about Dash, hows results at the end of week ?
aaargh Dash,
i can't make it run well on automode. not 24H.
or better, when the market is in 'trend' the bot do something good, but i have not found yet a correct setup for ranging market..
and it suffers a lot fake openings markets (FO), and closing time, especcially LO NY, when there is an apparent stabilization of prices / levels.
I lowered my tp to 10p with trailing and auto work well,
but some position opened on fibo level or s/r (auto) inevitably born to end up on the sl,
so i can stop the position manually but i have to monitor them,
and if I have to be there to watch all positions .. what advantage does it have?
at this point I do first to operate manually, I do better...
nescentia necat
  • #3,167
  • Aug 30, 2015 1:42pm Aug 30, 2015 1:42pm
This text is from a book I am reading now. I decided to share this because money management was the reason I blew up a couple of accounts when I started trading. Even then I knew that money management was my problem but I could not align my mindset to be consistent with a winning money management; that took a while.



Every trading strategy is useless without proper money management! In our opinion, the overwhelming reason that traders win or lose is not because of their entry method, but because of their money management skills.

By "money management" we simply mean keeping losses and draw-downs to an absolute minimum while making the most of opportunities for profit. SL must not be placed by fear of losing: too close to the entry, trailing very close; it must be placed based on reason, knowledge, giving the trade a chance to unfold while living the market place to breathe. (the tilted text is something I added).

As important as money management is to all investors, it is even more important to short-term traders. Unlike long-term trend followers, short term traders rarely make a large sum of money on any one trade. Therefore, unlike the trend follower who tolerates a large drawdown in exchange for the possibility of hitting a home run, the short-term trader must keep his losses to a minimum to ensure his survival. If you keep your losses to a minimum on every trade, you will have 80 percent of the battle won.
  • #3,168
  • Aug 31, 2015 3:02am Aug 31, 2015 3:02am
Quoting MisterC
This text is from a book I am reading now. I decided to share this because money management was the reason I blew up a couple of accounts when I started trading. Even then I knew that money management was my problem but I could not align my mindset to be consistent with a winning money management; that took a while. Every trading strategy is useless without proper money management! In our opinion, the overwhelming reason that traders win or lose is not because of their entry method, but because of their money management skills. By "money management"...
Or better no to have any losses..
Great words!

Missed few opportunities. But I regret this one the most.
30 pips at least would be great start..:x
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  • #3,169
  • Aug 31, 2015 5:10am Aug 31, 2015 5:10am
GM all

dax morning session +54 +20 +38 +30
with some notes of my mistakes.

notes:
bad entry, out of time and sometimes risky.
the only thing that consoles me is that (luckily at this point) all positions were closed in profit.
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nescentia necat
  • #3,170
  • Aug 31, 2015 5:15am Aug 31, 2015 5:15am
DE30 +49. Reason for entry: Price made near daily low. OS on 10- and 5 pip renko. 161.8 fib on 5 pip. Near BRN. Waited for 123.
Reason for exit: 10 pip OB. 61.8 fib on 5 pip and 200 fib on 10 pip. Near BRN.

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Energy, frequency and vibration.
  • #3,171
  • Aug 31, 2015 5:19am Aug 31, 2015 5:19am
Quoting friska
GM all dax morning session +54 +20 +38 +30 with some notes of my mistakes. notes: bad entry, out of time and sometimes risky. the only thing that consoles me is that (luckily at this point) all positions were closed in profit. {image} {image}
Energy, frequency and vibration.
  • #3,172
  • Edited 5:41am Aug 31, 2015 5:24am | Edited 5:41am
Quoting drammen
DE30 +49. Reason for entry: Price made near daily low. OS on 10- and 5 pip renko. 161.8 fib on 5 pip. Near BRN. Waited for 123. Reason for exit: 10 pip OB. 61.8 fib on 5 pip and 200 fib on 10 pip. Near BRN. {image}
thanks for comment on 'why' ...
so we can move forward, learn and have a more precise approach.
nice work!

Quoting drammen
{quote}
haha... I saw just now
mmmmmmh
nescentia necat
  • #3,173
  • Aug 31, 2015 8:14am Aug 31, 2015 8:14am
dax afternoon session
+55+32+28+10

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nescentia necat
  • #3,174
  • Sep 1, 2015 2:52am Sep 1, 2015 2:52am
csm today morning eur jpy strong, cad aud weak
then
buy eurcad euraud +85 +20 ongoing
sell cadjpy audjpy +30 +5 ongoing
edit:close all

dax long +6 +20
i'm waiting for re-entry long in good position...
I thought that was going to cover the gap in the early morning
but I see that does not have much intention for now ..

edit:entry long @9974
nescentia necat
  • #3,175
  • Sep 1, 2015 3:15am Sep 1, 2015 3:15am
GER30 +50+102.
GM all, looks like you have all been killing it over the last few days, well done.

Before any one asks, the big green arrows are an indicator I came across whilst trying to get more information about the TMA channel. The indicator is called "Ultimate Arrows" it is based on the ZigZag so yes it does repaint, the yellow arrows on my chart are where it first appeared and then I marked it's movement until it stuck. It will only signal 2 maybe 3 possible trades even on a 5 pip chart, put it on a 10 & 5 pip chart and look for your selves.

Have fun
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Ultimate Arrows.mq4   4 KB | 765 downloads
Cut your Losers short and let your Winners run.
  • #3,176
  • Sep 1, 2015 3:19am Sep 1, 2015 3:19am
Quoting dee50
GER30 +50+102. GM all, looks like you have all been killing it over the last few days, well done. Before any one asks, the big green arrows are an indicator I came across whilst trying to get more information about the TMA channel. The indicator is called "Ultimate Arrows" it is based on the ZigZag so yes it does repaint, the yellow arrows on my chart are where it first appeared and then I marked it's movement until it stuck. It will only signal 2 maybe 3 possible trades even on a 5 pip chart, put it on a 10 & 5 pip chart and look for your selves....

hi dee,
glad to see you back!
thx for sharing...
look interesting, i'll try asap
nescentia necat
  • #3,177
  • Sep 1, 2015 3:23am Sep 1, 2015 3:23am
Quoting friska
csm today morning eur jpy strong, cad aud weak then buy eurcad euraud +85 +20 ongoing sell cadjpy audjpy +30 +5 ongoing edit:close all dax long +6 +20 i'm waiting for re-entry long in good position... I thought that was going to cover the gap in the early morning but I see that does not have much intention for now .. edit:entry long @9974
out +30+20 too much resistance from 100000000000000 zone
nescentia necat
  • #3,178
  • Sep 1, 2015 3:44am Sep 1, 2015 3:44am
Before you get too excited about Ultimate Arrows, just be aware that from the moment it first appears to when it finally sticks can be a "few pips" different, here is an example of the 10 pip chart. Use it like divergence, it is signalling a possible change but look for confirmation.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #3,179
  • Sep 1, 2015 3:47am Sep 1, 2015 3:47am
bears pressure today is evident, we must be careful to go ct
nescentia necat
  • #3,180
  • Sep 1, 2015 3:54am Sep 1, 2015 3:54am
Quoting dee50
Before you get too excited about Ultimate Arrows, just be aware that from the moment it first appears to when it finally sticks can be a "few pips" different, here is an example of the 10 pip chart. Use it like divergence, it is signalling a possible change but look for confirmation. {image}
first entry with your arrow @9932 long.
tma low channel break, Rdiv, and 10p stoch from OS.
+30+10 ongoing

edit:out +20 - BE
nescentia necat
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