Closed at -3. Probably more upside on the retrace but on a first pullback trade the PA should bounce at the EMA, any pierce through the line and coiling underneath is a possible recipe for disaster, I live to take another trade.
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Disliked{quote}Anyway glad it worked for you, seems like last couple of days it's working out for you. Awesome.Ignored
Disliked{quote} thanks to you guys, man.. after blowing half my account months ago, i only refunded it on monday and started trading from tuesday, which was the day you started this thread.. i dont scalp well and i dont have clear idea on swing trading, but i trade intraday.. just 10p or 20p tp.. so i lurked around.. seems that was a good decision.. anyway i'll ask seahorse then.. see if he will let me on.. (got the pun?)Ignored
Disliked{quote} thanks for the warning.. thats why i said "if only".. BTW, if you dont mind, can u teach me how u plot those levels? but if you mind, then its no problem too.. Thank you..Ignored
DislikedClosed at -3. Probably more upside on the retrace but on a first pullback trade the PA should bounce at the EMA, any pierce through the line and coiling underneath is a possible recipe for disaster, I live to take another trade.Ignored
Disliked{quote} Just don't play around with your risk management, stops are there for a reason, have an exit plan on the up and downside before you enter any trade and generally you should avoid breaking your account.Ignored
Disliked{quote} I think it's been posted, but I use a modified Pivot point formula, most scalpers use some sort of SR level formula, pivot points are the most popular and used for every market. Just got to find one you like. What works well for me may not work well for you. Case in point, I had to take the levels KzX posted publicly every day (from the other thread) like he does here, and then work with those numbers to make it work for me, the levels he posts are accurate and work extremely well for him, but even with him posting those every day for all...Ignored
Disliked{quote} Thanks man.. i think i learned my lesson on that.. its bcoz of that that i'm afraid to open mini lots.. i trade just 0.02,0.03 and 0.05 when i'm sure.. and ya, i cant break this account.. probably my last if i break.. Thanks..Ignored
Disliked{quote} It is almost impossible to trade effectively if fear (or greed) is present in your emotional state, you need to be calm both before and during your trades. This mental state will only come with experience. If you have been burned and you are always scared of losing money you will exit early before TP and tend to hold onto losers in the hope they retrace to B/E or profit. If necessary, take a break from live trading and trade a sim account to keep your skills sharp and increase your screen time, as you develop confidence in your skills and...Ignored
Disliked{quote} It is almost impossible to trade effectively if fear (or greed) is present in your emotional state, you need to be calm both before and during your trades. This mental state will only come with experience. If you have been burned and you are always scared of losing money you will exit early before TP and tend to hold onto losers in the hope they retrace to B/E or profit. If necessary, take a break from live trading and trade a sim account to keep your skills sharp and increase your screen time, as you develop confidence in your skills and...Ignored
Disliked{quote} i had my lessons with greed.. its deadly costly.. but like u said, i exit early if the price struggles.. i need to work on that.. and i dont hold losers anymore, i use tight stops.. Thank you.. i use traditional S/R and pivot points on daily TF.. i'm using bollinger bands and EMAs though i only know the basics for them.. i planned to learn about fib this weekend.. Thanks for the reply..Ignored