EJ TP? {image} Thanks
Per aspera ad astra
Alien's Extraterrestrial Visual Systems
- #14,121
- Nov 27, 2015 3:04am Nov 27, 2015 3:04am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
- #14,122
- Nov 27, 2015 5:36am Nov 27, 2015 5:36am
{quote} Smaller TFs are more difficult to trade than Higher. Ej is in strong downtrend. If you took it for the long run is Ok. If you remain on 15 M. you could TP at support when ADX stop fanning. Watch the H1, there is a DS trade short on RSIOMA.
- #14,127
- Nov 27, 2015 7:59am Nov 27, 2015 7:59am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra
- #14,132
- Nov 27, 2015 2:08pm Nov 27, 2015 2:08pm
But they are not clear about the exact entry rule. {quote}
"the fool and the prophet walk hand in hand..."
- #14,133
- Nov 27, 2015 2:09pm Nov 27, 2015 2:09pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Work smarter,not harder
- #14,134
- Nov 27, 2015 2:53pm Nov 27, 2015 2:53pm
{quote} brother if it was that clear...then everyone would be doing it...straight up...keep digging...keep watching...it's worth it...but in the end, you have to find it yourself...sometimes it takes a bloody nose or two...but as long as you keep trying, there are those here with a bandage and a good word to keep you going...bet
- #14,135
- Edited 9:22pm Nov 27, 2015 8:28pm | Edited 9:22pm
Maybe I didn't express my opinion clearly. Take the following post for example.
http://www.forexfactory.com/attachme...2&d=1387767474
In the above image, it seems that Alien clearly marked the entry and exit. But What ADX dashboard showed
are current values, not the values at the time of the entry. So it is really difficult for us to dig out what criteria to use
for entering the trade.
Is the entry rule that all ADX for 7,21,42,89,and 144 are green? From the image, the ADX for 89 and 144 seemed to be red or neutral, but not green.
When deciding the entry, do we only consider the daily timeframe? Do we need to consider M15 or M5? We couldn't get clue about this from this image.
This is the reason why I feel the entry rules were not clear. Sorry if I didn't express my opinion clearly.
http://www.forexfactory.com/attachme...2&d=1387767474
In the above image, it seems that Alien clearly marked the entry and exit. But What ADX dashboard showed
are current values, not the values at the time of the entry. So it is really difficult for us to dig out what criteria to use
for entering the trade.
Is the entry rule that all ADX for 7,21,42,89,and 144 are green? From the image, the ADX for 89 and 144 seemed to be red or neutral, but not green.
When deciding the entry, do we only consider the daily timeframe? Do we need to consider M15 or M5? We couldn't get clue about this from this image.
This is the reason why I feel the entry rules were not clear. Sorry if I didn't express my opinion clearly.
{quote} brother if it was that clear...then everyone would be doing it...straight up...keep digging...keep watching...it's worth it...but in the end, you have to find it yourself...sometimes it takes a bloody nose or two...but as long as you keep trying, there are those here with a bandage and a good word to keep you going...bet
- #14,138
- Nov 28, 2015 12:56pm Nov 28, 2015 12:56pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
{quote} I operated 1000 Mt. Ton Crawler Crane, never got scared but even a micro lot going against me by few pips makes me scare. Targeted EJ for long run but could not stomach seeing it going against me . Don't know how to over come it. Many thanks JP
Psychological is half part of trading, remaining being system and money management.
It's difficult to give some suggestion, but for my experience I'd say put down your personal trading plan (hours and days in which to trade; pairs to trade; your system and entry/exit rules; your weekly or monthly target; your R/R , SL and TP and every other useful hint for your trading) and then strictly stick to it.
To remind your plan put one or more posts on your monitor or keyboard with the most important.
Try to keep a diary in which you write every trade you take, entry and exit.
Backtest your past trades to see what you did right and wrong and write down the mistakes you found to correct them in future trades.
Another good suggestion is to read the book "trading in the zone" by Mark Douglas.
Let me know about your improvements.
Cheers
Per aspera ad astra
