priceaction1 journal

Anydifference between EW and Dow, which one to focus?

you enter in a trade, price goes against you, you price come to your BE level, you did not close the position, again price goes against you and come back just above BE you still not close, one more time price goes down and come back just bellow you BE point but you did not close the trade. than either account burst or large DD. don't blame any one but yourself!!!!




Here's ANOTHER Story.
The Oldman Story.(Another River Story)

Once upon a time, long long ago in China. ( I made this up, not the story )
There was this old and pious man.

Unfortunately for him, the region he was staying got flooded babdly.
Just like his neigbours, the river was rising into his house.
So He made his way up onto the roof of his house.
The water kept rising until , the only thing visible on the ground was the roof of the houses.
Being the pious man he was, he started to pray.

Dear God, Our father in heaven,
Blessed be your name,
Give me this day my salvation,
Forgive me of my sins, I forgive all who sinned me.
Lead me not into temptations, Deliver me from evil,
esp this waters who's trying to swallow me.
For yours is the power , the glory and the kingdom.
Amen

Then he waited., sitting on his rooftop.
Along came a sampan, the people on the sampan urged for the old man,
to come onboard to be taken to safe grounds.
He replied, its alright, you people go along.
God will save me.
The people hearing that, left for higher grounds, confident that his God will save the old man.
The old man waited.
Then a dingy, came along, and the oldman waved the dingy along,
repeating what he had told the people in the sampan.
So along their way the dingy went.
Then much later, a helicopter came along to ferry the old man to safety.
The old man repeated his actions, and waved it along.
As the water rosed, the old man drowned.

When the old man reached heaven, he asked God.
God, why am I dead? Why didn't you answer my prayer?

God replied.
When I heard your prayer, I was so appalled that you were caught in such a horrible situation
that I sent those chaps in the sampan to go get you to safety. But you waved the away.
Seeing that, that didn't help you, I sent the guys in the dingy to see, if they could help you.
Similarly you waved them away.
I thought maybe if I sent the army, in the helicopter to rescue you, that it shouldn't fail.
But you didn't accept the grace anyway.
So that's why you are dead.

----End-----

I called it "get first available flight" if miss first one than get the any class ticket in any airline.

Take your stop...like a man, move it only according to plan.

Trading in Zone. by Mark Douglas

Taking responsibility means acknowledging and accepting, at the deepest part of your identity, that younot the marketare completely responsible for your success or failure as a trader. Granted, the market's purpose is to separate you from your money; but in the process of doing so, it also provides you with an endless stream of opportunities for you to take money from it. When prices move, that movement represents the collective actions of everyone narticioating at that moment. The market also generates information about itself, and makes it extremely easy to enter and exit trades (depending, of course, on the number of people participating). From the individuals perspective, price movement, information, and the ability to enter and exit trades represent opportunities to see something and to act on what you perceive. During each moment the markets are open, you have an opportunity to enter a position, lighten up a position, add to a position, or exit a position. These are all opportunities to enrich yourself by taking profits or, at least, cutting your losses. Let me pose a question. Do you feel responsible for fulfilling some other traders expectations, hopes, dreams, and desires? Of course you don't. It sounds absurd to even ask. However, if you ever find yourself blaming the market and feeling betrayed, that is essentially what you are doing. You are expecting the collective actions of everiyone participating in the market to make the market act in a way that gives you what you want. You have to learn for yourself how to get what you want out of the markets. The first major step in this learning process is taking complete and absolute responsibility.

fti says.


Goes with feel.
I never aim make killing in one trade.
I don't believe anyone can.
so is ants work.
Keep building.
Forget about how much last battle made or lost
stay with form and do the best the markets willing to give.
And make everyday a good day.

you MUST give a reference when you are quoting someone (in this case Mark Douglas). what you wrote does not belong to you. this is one of the basic rules of respecting other people's work and a matter of honor.

yes it is.corrected. thanks for point out.

I wanna stay out of market unless all banks are open but hard to control it.

Any capsule for this addiction?

Would love to know myself.

Priceaction1 thanks for sharing the knowledge it is really eye opening.

try this one

oil

eur/usd due to low volume it may fly/unusual PA. as 27/12/13.

this can be test by eur/usd

started to read Price action journal form start.... hopefully I will get it what I want to... Not a fond of reading books and stuff but I have to for the sake of $$$.

eyes are on NZDUSD. As pair seems overbought as per indicators and can break or bounce with resistance area 0.6887-0.6894

But weekly bullish candle can add some steam to let the pair go further upside....

same scenario with Audusd. Area of interest 0.7282.
Break or Bounce....

Audusd buy-stop order is set @0.7290 L 1:800
1 standard lot