{quote} I have that entry at EMA H2 haha, but my profit above Romar
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Yes, that's always a risk when nearest obstacle is only 20 pips away.
And we have to choose, to take profit at the support/resistance for +20 pips or to take a risk to be hit SL at B/E to get 40 pips profit.
Is drawing horizontal lines on the H2 to indicate daily support and resistance permitted?
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Personal opinion is no and that'll get you another comment from Dana for sure. Daily support and resistance lines are static and I believe the ever changing and adjusting indications we have here are more than enough to trade in the moment...and that's what we're to do, trade in the moment.
{quote} Teacher warned us for sure and I saw the warning and I knew Dana was trying to say something, What kind of a nonsense was it that I had thought that I could trade Dana's system better than Dana? Why did not I do what he tried to tell me to? What made me go my own way by going long while Dana was noticing the short side? It's my Ego friends. I am sorry but this is true. Bad news for me. I hope I can beat my ego.
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Relax birpinar, you followed your plan that is all.
Edit: your next plan can just be better and more accurate, careful, etc.
I would also like to add a couple of details concerning yesterday's trade. It was a bad trade for sure, now I know and that means I must be even more careful with my entry. I waited all night for an entry yesterday and thinking I had the right one I pulled the trigger just to find myself out of trade in exactly 24 minutes, with a 40/40 tp sl. I think the fact that the market was below the daily open for the new candle and stayed that way until I put my entry meant a lot more than I would have thinked at first. Reconsidering, that was a greedy move. I had waited for a long time and got impatient. So I pulled the trigger on something banal that was not to be interpreted the way I did. Human mistake is lurking in the shadow as Dove said previously. And that's the reason for a very well thought out daily trading plan.
No tree, it is said, can grow to heaven unless its roots reach down to hell
Interesting...SAR has attached at the top after leaving DB. That's all I'll say because I need to check my notes on that one.
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I entry short @ 126.39, because as you said SAR attached at the top after leaving DB, so I entered at the hitting of parabolic (I happened to be watching the chart at that time), lets see how it plays out.
{quote} I entry short @ 126.39, because as you said SAR attached at the top after leaving DB, so I entered at the hitting of parabolic (I happened to be watching the chart at that time), lets see how it plays out.
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please don't trade because I or anyone else made a comment. That's why I said "that's all I'll say" and that I needed to check my notes.
I am not trading. I lost last night so will wait for new plan at 5pm.
There has got to be a way of getting a hint as to whether the Magenta will go down to join DB, or DB will go up to join Magenta. That would be a great help in our trading.
{quote} I entry short @ 126.39, because as you said SAR attached at the top after leaving DB, so I entered at the hitting of parabolic (I happened to be watching the chart at that time), lets see how it plays out.
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I have a question : at 09:46 the market was above PSAR, I figured I had to wait until 10:00 (2H) candle to open before to place an entry, to see if the PSAR would flip. Is that correct?
No tree, it is said, can grow to heaven unless its roots reach down to hell
Also, we're being held accountable for not posting trades without posting a trading plan. I mentioned in my earlier post that my plan was to not trade this volatility
