Trading is as simple as ABCD

hey bigpockets this is just for you.

hey gabe...yiu find me online in skype you start ringing buddy ok

Hey Devon,
Thanks for the video.
I'll Skype you later tonight before LO.

EU .. M1 ..

Looks like price has hit a major SR @ 1.070408 ... let's see how much I get on this retracement or continuation trade..


3 tries to break the resistance


Damn I feel dangerous today !!

You MUST be stopped

2 pip profit

Sorry Clive... I know it's against your rules, but it feels good sitting in front of charts again.

First entry on TMA centerline 1.07376, second entry TMA lower band 1.07325 and looking for a TP at 1.0810. Very promising trade.


So with my previous trade and the current trades = 119 pips with 20.5 Trailing stop.
I will be adding positions as the Euro climbs up the wall.

Happy PIPS

MTPockets
(I keep them empty by adding bigger pockets to my cargo pants)

Got out of those long trades with 31.7 profit.

MTPockets

No need to apologise MT you're trading well , calling your trades before hand and then posting your trades as you go. Wanna be traders can learn from someone like you, no problem at all, I welcome succesful traders even unsuccessful traders that are willing to post their trades as they go..

Good luck and God bless...

When does the new money get loaded onto the train and which way does it leave the station ?

Choo Choo

Thanks Andy , is that a fancy indicator, if so can you tell me were I can download it, also can I add my own colours to it, hahahaha

All aboard !!!!!!

E/U short here, 1.0761
stop 1.0811
target 1.0590

MTPockets

Good stuff, your are on top of your game

I do hope you are all getting the RUSH !!


MTPockets

Nice trading sir , your pockets aren't going to stay empty for long thats for sure..

Thank you Clive ...

I got a lot of making up to do

MTPockets

Nice work MT. Good to see Clive popping in too :-).

If anyone has time to comment/share, would love to read about any more details regarding considerations/thinking that is happening at the time of trade management just after entry.

Recall Clive describing how if the trade doesn't take off within a few bars then momentum hasn't kicked in as expected and he pulls the trade. I have realised through reading this thread and pondering Clive's approach in some detail, that managing this initial part of the trade is probably my biggest weakness and potential game changer - maybe for others too?

I can easily get confused between giving a trade room to run and having it come back on me for maximum stop hit versus trying to keep the losers small and choking potentially good trades.

So do we take the view that this system provides so many opportunities that we should kill all the ones that start to move against us quick and for just a few points loss (rather than riding it to a market defined stop or arbitrary 10 pointer) and assume that the number of events of these will easily be outweighed by the points secured on the ones that take off with little or no adverse excursion...OR...manage each one case by case and taking into consideration factors that are occuring dynamically as the trade gets underway?

MT - looking at the results you posted looks like you have worked it out, nice fat winners and nice tight losers - kudos!

Clive - if you get a mo would love to hear your thoughts especially any more details you can add if you err on the latter scenario above :-)...thanks much. Cheers all ...Paul. :-)

Paul

That is a great question. I have come to realize that this is BY FAR my biggest obstacle. For me, it comes down to two things....1) the need to be right, and 2) the fear of loss (ie prematurely exiting a trade only to watch it shoot off in the intended direction). I know Clive will get out after a few bars if the market doesn't move. He also raises his stop up to BE after say 5 pips of movement. Easy concept to understand, but really really hard to implement emotionally. Anyways, your not alone.

Peter