{quote} Has been an ugly leg up for sure but you look to be nicely in the green
Ratios & Harmonics: a Different Way to Trade
- #19,005
- Apr 14, 2016 9:59am Apr 14, 2016 9:59am
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
Almost missed this baby {image}
- #19,009
- Apr 14, 2016 11:39am Apr 14, 2016 11:39am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Good morning. Trying out Ninja trader today. first trade of the day. I know, kind of late uh. need to work the time given tho.
US30 - 144 T
Counter trend. some harmonics involved. looking for a harmonic correction that goes deep as expected with the weakening momentum. I know my stops are far but I'll most likely close it out sooner depending on PA.
Open to criticism.
US30 - 144 T
Counter trend. some harmonics involved. looking for a harmonic correction that goes deep as expected with the weakening momentum. I know my stops are far but I'll most likely close it out sooner depending on PA.
Open to criticism.
I have little motivation to trade the last 2 days, because I am losing on the higher time-frames where I trade with bigger risk. Very tough trading (Sl hit to the pip, moving to BE and getting taken out before price moves my direction, Trailing stop hit to the pip, some stupid trades). I am fighting through .
These are my trades from yesterday, 2 breakeven:
I moved the 2nd to BE too soon, I guess.
Today:
1. The bears showed quite a bit of strength, so maybe not the best entry?
2. I saw weakness in the bulls (just had seen a video of Damian with a very similar situation) and changed expectations. Almost got taken out, before price cooperated. I think I read the price action well, my main motivation was the inabilty of the buls to close above 1.12719 - which they did achieve right after I entered :/. I might have waited for price to reach the 61% Fib, but I did not think this would happen and I probably would not have taken it then because of the strong bull candle. What do you guys think about this?
3. Again a case for waiting can be made. I entered shortly before candle close and it got rejected a bit, so it does not look so good. Price was increasing in strength as we moved towards the big S/R area, so I did not lock in more profit (might have closed the trade there otherwise maybe) and got taken out for BE.
.These are my trades from yesterday, 2 breakeven:
I moved the 2nd to BE too soon, I guess.
Today:
1. The bears showed quite a bit of strength, so maybe not the best entry?
2. I saw weakness in the bulls (just had seen a video of Damian with a very similar situation) and changed expectations. Almost got taken out, before price cooperated. I think I read the price action well, my main motivation was the inabilty of the buls to close above 1.12719 - which they did achieve right after I entered :/. I might have waited for price to reach the 61% Fib, but I did not think this would happen and I probably would not have taken it then because of the strong bull candle. What do you guys think about this?
3. Again a case for waiting can be made. I entered shortly before candle close and it got rejected a bit, so it does not look so good. Price was increasing in strength as we moved towards the big S/R area, so I did not lock in more profit (might have closed the trade there otherwise maybe) and got taken out for BE.
- #19,015
- Apr 14, 2016 12:37pm Apr 14, 2016 12:37pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
I have little motivation to trade the last 2 days, because I am losing on the higher time-frames where I trade with bigger risk. Very tough trading (Sl hit to the pip, moving to BE and getting taken out before price moves my direction, Trailing stop hit to the pip, some stupid trades). I am fighting through
looking at your trades. it looks like your doing it right. Its just a tough week. hang in there friend
- #19,016
- Edited 3:50pm Apr 14, 2016 1:59pm | Edited 3:50pm
- | Joined Feb 2013 | Status: Trader | 170 Posts
{quote} Its been a tough week. trying to detach yourself from winning and losing is harder said then done. Its super frustrating to be taken out to the pip or on spread only to watch price reverse. looking at your trades. it looks like your doing it right. Its just a tough week. hang in there friend
. Lots of self-doubting... But as you say: hang in there and fight through the adversity!
- #19,018
- Apr 14, 2016 6:28pm Apr 14, 2016 6:28pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
{quote} Thats actually really good to know. know your enemy, right!
{quote} Hi jmezz, you were really riding the waves. Congrats.
Did you make any trades today?
- #19,019
- Apr 15, 2016 12:27am Apr 15, 2016 12:27am
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
{quote} Just a little something I keep in the back of my head
