Psych Levels, Pivots, and Trendlines - Resurrected | Page 582 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,621
  • Nov 10, 2016 8:29am Nov 10, 2016 8:29am
Nice trading guys!! A couple of trades I took today..
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  • #11,622
  • Nov 10, 2016 8:30am Nov 10, 2016 8:30am
Monocor, How many pips will you let a trade go before putting it at break even?
  • #11,623
  • Nov 10, 2016 8:48am Nov 10, 2016 8:48am
Quoting focusonmoney
Monocor, How many pips will you let a trade go before putting it at break even?
testing low or high
Even though I walk through the darkest valley, I will fear no evil
  • #11,624
  • Nov 10, 2016 8:57am Nov 10, 2016 8:57am
Quoting monocor
{quote} testing low or high

So if it test a low/high and it fails, that's when you put your stop to break even?
  • #11,625
  • Nov 11, 2016 5:33am Nov 11, 2016 5:33am
CVd where are you? No trading today?
  • #11,626
  • Nov 11, 2016 5:34am Nov 11, 2016 5:34am
Veterans remembrance day in Europe and USA ... so yes no trading for me ...
  • #11,627
  • Nov 11, 2016 5:50am Nov 11, 2016 5:50am
I want to thank you again Monocor for opening my eyes.. I made over 60 pips alone trading today with real money .. I have been trading for 9 years so I probably understand the market a little better than most, but I still was not consistent with my trading.. Thank you for opening my eyes and I hope my success will continue..

Here's the first trade of the day.. Nice divergence follow by a nice small channel combine with a triangle.. 22 pip trade..
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  • #11,628
  • Nov 11, 2016 5:59am Nov 11, 2016 5:59am
Here's another trade.. This is a little more advance trade because the trend was down... But if you look at the white line which is support, price held there and it was divergence.. My first trade I took off this support was break even, but the second one worked out..
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  • #11,629
  • Nov 11, 2016 6:08am Nov 11, 2016 6:08am
My Last trade... This was a 5 min Long on the EU, nice divergence... Again a little more advance trade because price was going down, but you can I tell they was trying to trap people going short (years of experience watching the screen).. I'm done for the day.. No need to over trade.. I have a nice weekend everyone!!
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  • #11,630
  • Nov 11, 2016 6:39am Nov 11, 2016 6:39am
your trades are very hard for me to understand focusmoney while the way things monocor is doing them seems much more naturally but to each his own I guess ...
  • #11,631
  • Nov 11, 2016 6:14pm Nov 11, 2016 6:14pm
Quoting cvds16
your trades are very hard for me to understand focusmoney while the way things monocor is doing them seems much more naturally but to each his own I guess ...
Trust me, Monocor is doing the same thing I'm doing... Go look at his pics and you will see it.. Like I said before, some trades I made today were a little advance for most people.. You will need a lot of screen time to understand it..
  • #11,632
  • Nov 13, 2016 5:08am Nov 13, 2016 5:08am
Quoting focusonmoney
{quote} So if it test a low/high and it fails, that's when you put your stop to break even?
yes
Even though I walk through the darkest valley, I will fear no evil
  • #11,633
  • Nov 13, 2016 5:13am Nov 13, 2016 5:13am
Quoting focusonmoney
My Last trade... This was a 5 min Long on the EU, nice divergence... Again a little more advance trade because price was going down, but you can I tell they was trying to trap people going short (years of experience watching the screen).. I'm done for the day.. No need to over trade.. I have a nice weekend everyone!! {image}
nice trades !!! I din't trade, I had my pips by Thursday, trading should not be a life, it has to be for life. To be consistent, take all of trades, and make a plan according to your trades, it is gonna make your life easier, bcz you will have stats what is the strongest of your trades, and concentrate your trading on the strongest trades !
Even though I walk through the darkest valley, I will fear no evil
  • #11,634
  • Nov 14, 2016 1:23am Nov 14, 2016 1:23am
Morning ! New week, new trades.
GU double bottom, will see how far it will go, for now my target top of the channel
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Even though I walk through the darkest valley, I will fear no evil
  • #11,635
  • Nov 14, 2016 2:01am Nov 14, 2016 2:01am
Quoting monocor
Morning ! New week, new trades. GU double bottom, will see how far it will go, for now my target top of the channel {image}
Closed my buy for +20 pips, opened a sell as it still down trend, and no signs of reversal
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Even though I walk through the darkest valley, I will fear no evil
  • #11,636
  • Nov 14, 2016 2:23am Nov 14, 2016 2:23am
Quoting monocor
Morning ! New week, new trades. GU double bottom, will see how far it will go, for now my target top of the channel {image}
Do you draw channels on M15?
  • #11,637
  • Nov 14, 2016 2:37am Nov 14, 2016 2:37am
nice one on taking that double bottom, missed that one, got your second trade though but got out breakeven
  • #11,638
  • Nov 14, 2016 2:43am Nov 14, 2016 2:43am
Quoting cvds16
nice one on taking that double bottom, missed that one, got your second trade though but got out breakeven
The same story, get BE on the sell. That H&S at bottom, killed the sell.
Even though I walk through the darkest valley, I will fear no evil
  • #11,639
  • Nov 14, 2016 2:43am Nov 14, 2016 2:43am
Quoting vitall
{quote} Do you draw channels on M15?
No I don't, All lines is based on M1 chart
Even though I walk through the darkest valley, I will fear no evil
  • #11,640
  • Nov 14, 2016 3:26am Nov 14, 2016 3:26am
Two trades failed high, one is -8 pips, another BE.
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Even though I walk through the darkest valley, I will fear no evil
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