{quote} funnily enough I was thinking on entering this too. I spotted it on the bar after the breakout bearish bar. it was a little bit below the breakout bar at that point and as I normally don't take this sort of setup and was worried I was a bit late to the party i decided not to enter. I would have entered with minimal lots though as i've not taken enough of these sorts of trades to be confident im doing it right. I notice that after your entry you got a pcrf setup coming in the opposite way. usually when this happens i notice it means death...
{quote} I took a short after checking the 4 hour chart. As you can see, price was rejected at the trendline and also the 10 ema. TDi is below 50 which helps if you are short. There might be some support where the orange dotted line is and will be where I take 1 lot out..You seem to be rigid with your approach relying on pivots and indicators. It pays to look at p.a on the 4 hour..just my 2 cents {image}
{quote} I am pleased with your progress and because you have my name on your folderjust kidding. Don't worry, you will get there, everyone makes mistake incl me. Here is my AU short entered yesterday, I got too excited with pin bars rejected at R61% and got in without second thought, even when it went against me.
Will you learn from my mistakes? if yes, what will they be from that failed trade? {image}
{quote} It's going down to original direction.... holy crap...
{quote} you had a winner but you turn that into a loser. follow the Day and that will give your the experience and build confidence. do you think the smart money trade M30?
{quote} I am pleased with your progress and because you have my name on your folder
{quote} i have the same trade after your entry serveral candles when price makes BEOB, so what wrong with that pairs ? how can we avoid this mistake ?
{quote} i have the same trade after your entry serveral candles when price makes BEOB, so what wrong with that pairs ? how can we avoid this mistake ?
{quote} you had a winner but you turn that into a loser. follow the Day and that will give your the experience and build confidence. do you think the smart money trade M30?
{quote} It's going down to original direction.... holy crap...
{quote} to avoid such kind of mistakes, have simple rules, be very discipline in following your own simple rules. Do Not follow other traders rules unless you have tested and share the same beliefs about the market. One simple rule which many TMS traders have since adopted in the past 5 years, is to use the 10EMA in all timeframes. watch the price action on the D1 chart witgh reference to where the 10EMA is, how far is the price from the 10EMA. the same simple rule you use on the W1 chart, is the price action close to its 10EMA, how close, is there...
. Thank you.
{quote} It's a actually good for us to see you do lose occasionally! Your teaching have been a great help for me on my journey, thank you Likica!
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{quote} You are very welcome. We failed not because of what we didn't know but we were not always disciplined
{quote} Wow, you traded at U.S. retails sales news.... it could run the opposite direction. Anyway, congrats!
. Yes, I could be wrong...
entered this trade on gbp/jpy ..then like 10 minutes later I realized I forgot to check the news calendar, so I do so and there was too much high impact news ... so i exited for a bit of a loss. Later I see price would have reached my 1:2 RR target. It's always gutting to see price reach your original target when you have pulled out for a loss. - saw pcrf setup at 200 ema - tdi had crossed - we just about had divergance - when i woke up the pcrf had already occured and price was rising back up so i was apprehensive about entering - saw price rejected...
{quote} Thanks for the H4 trend line insight! I took it because of the resistance,downtrend, TDI crossing yellow line, H1 and M30 trend lines break. Was bit hesitating about DOL but because I had to sleep after LO (I live at PST) I just took it. If I were awake, I would have got nervous at the pull back and would've done same as heispark....benefit of sleeping after taking a trade i guess
