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Quoting KeenPips

Disliked

Watching EG, northwards atm. Rejecting daily pivot? Not taking it though as my hands are already full. I am doing this mainly to test my market analytical skill. KP {image}{image}

Ignored

Reversing myself on this. Shooting star formed on both 4-hour and 1-hour charts. Strong 1-hour bearish candle pierced the daily pivot. Greater probability of southward move.

KP

Using traditional S/R zones on HTFs like daily and weekly, confirmed by price action at the zones, and with perhaps a confluence factor e.g. fib, pivot or 200 MA, will offer a great probability for trading success.

KP

BTW, my three live trading accounts don't look good atm. That doesn't bother me; I made mistakes perfecting my system and I use all the three accounts to test what I have now seen as a simple and efficient trading system. Yes, to boot, I have been able to develop an important factor in trading, which goes hand-in-gloves with an efficient trading system, the trader's psychology.

KP

Nuggets: Only trade with the big players - the market makers, not against them. If a trend is flimsy and does not coincide with their positioning, ignore it.

What's the argument about going long or not on the GU thread for. Yes the GU is long atm but how long is long? PA is in a resistance zone (i.e. daily/weekly resistance zone). So there is need to wait for clarity imho.

KP

I have just prepared my charts for the week. I will be acting on what I learnt about focusing on a few pairs this week.

KP

Let's trade what we see on our charts. Let's be careful in our analysis and watch for the most probable pa for better trading results.

KP

Our attitude towards trading is similar.
You definitely are on the right track to successful trading.
All the best and greenies to you.

Thanks bro. Green pips to you.

Beware of over confidence in trading and in market analysis.

KP

Taking a southward trade on EG.

Quoting KeenPips

Disliked

Taking a southward trade on EG. {image}{image}{image}

Ignored

Earlier today, I failed to get clarity on the EG I went southward on before I did. I should have been patient; and to have waited for the market to decide what it wanted to do.

KP

Yes. Patience and discipline is the key to success!

I am expecting GU to maintain a bearish disposition throughout the week.

KP

Nuggets: To be successful in trading, develop good trading techniques and habits, and repeat them consistently well until they become integral to your trading routine.

KP

Nuggets: Always wait for all your trade signals to align before entering a trade.

Your understanding of market conditions will be enhanced by a combination of fundamental and technical analyses. You may find that you are better in, or more inclined to, one than the other. This is the case for most traders. However, getting some knowledge on the one in which you are weaker or less inclined to, will make you a better trader.

KP

I made a big mistake on one of my three micro accounts earlier in February this year and I had been trying to rescue the account from blowing up. I am now almost there. Since the mistake, I have perfected my strategy and that has helped save the account.

KP

The best - most successful - traders wait patiently for the market to come to them. They stalk their trades a long time within mapped out zones, then strike when the best trading opportunity presents itself.

KP