{quote} good luck, I personally dont see the $ bull run anywhere near to being over but best of luck. I used to find I could always catch the top & bottom of a trend, problem I had was by the time I'd found it I'd been wrong 20 - 50 times!!
Trader Dale - daily trading levels
- #2,308
- Dec 20, 2016 12:06pm Dec 20, 2016 12:06pm
{quote} good luck, I personally dont see the $ bull run anywhere near to being over but best of luck. I used to find I could always catch the top & bottom of a trend, problem I had was by the time I'd found it I'd been wrong 20 - 50 times!!
- #2,312
- Edited 1:15pm Dec 20, 2016 12:52pm | Edited 1:15pm
well i'm out, here is how i ended: +4 0 -2.5, total +1.5 (BE almost) 2nd pos closed at BE cause price fell for +7 pips, then moved SL just 0.8 above recent high {image}
) and I'm very pleased with a) Dale's commitment (hats off 
), b) the enthusiasm and positive sentiment in this forum and c) the opportunity to learn and practice something new.Where I'm really struggling though - and I guess there is no easy answer - is with timing. Quite often (more than 50% I'm too late, too conservative), sometimes I'm waiting too long to close the deal and take the profit earlier than the 10 pips TP. Not like suirad0, leaving earlier and take less profit. This AUSUSD .7254 I tightened the SL, but still missed the 7 pips I already had. Long story short: is there some sort of a rule or a clear indication, which helps to decide if the entire thing turns (maybe if it does not go immediately the intended direction, maybe if it takes too long, too many candles, maybe some indicator could be applied). I'm only trying to get smarter and not sit stupid in front of the screen watching how it goes to TP or it runs into SL. Thanks in advance and good, sustainable time for all during holidays.
Cheers.
- #2,320
- Dec 20, 2016 1:38pm Dec 20, 2016 1:38pm
The new AUD/USD level is 0.7254 short. Little bit higher then most of you guessed. It is possible than the market will turn a bit sooner - at your levels. Let's see
So many in the Commercial section want to make me rich! :o