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More simple is impossible

  • #8,481
  • Mar 4, 2017 8:03pm Mar 4, 2017 8:03pm
Quoting PappaJack
Thank u, Dee! Currently re-reading crucial point's thread that u recommended. What a revelation I'm planning to read them a couple more times until I feel them ingrained in my mentality
Which crucial point are you referring to
  • #8,482
  • Mar 4, 2017 8:06pm Mar 4, 2017 8:06pm
https://www.forexfactory.com/showthread.php?t=215432
  • #8,483
  • Mar 5, 2017 2:17am Mar 5, 2017 2:17am
Quoting dee50
{quote} There were 2 Dbl Btms in this down move, if I had been there I would have scalped them for a few pips, why not more I hear you ask. because neither of them was at a significant level, they were in no mans land indicating that these were only Pullbacks not reversals. {image}
thanks for sharing your insight.

i went long at 12024 testing to see if it was a support/reversal and after it broke the top of the downtrend line i added another position. got both out at BE
  • #8,484
  • Mar 5, 2017 6:45am Mar 5, 2017 6:45am
Quoting PappaJack
https://www.forexfactory.com/showthread.php?t=215432
Thanks pappa
  • #8,485
  • Mar 5, 2017 7:20am Mar 5, 2017 7:20am
Quoting PappaJack
Thank u, Dee! Currently re-reading crucial point's thread that u recommended. What a revelation I'm planning to read them a couple more times until I feel them ingrained in my mentality
Great to see you going the right way in this thread

Most people who comes here have only one priority - reach the results they can see posted by older members, they're trying to find shortcuts to become rich overnight. As someone wrote in previous pages - in trading doesn't exist any hacks or shortcuts, it's all about process. Enjoy your journey, every single day learn something new, make your own process to become successful. Do not forget, those older members did it, too...
  • #8,486
  • Mar 5, 2017 8:37pm Mar 5, 2017 8:37pm
Thanks, Matomi.

It's easier to move forward when one puts his ego aside and in the company of people who give everything straight, no sugar coating.
  • #8,487
  • Mar 5, 2017 9:41pm Mar 5, 2017 9:41pm
Quoting PappaJack
Thanks, Matomi. It's easier to move forward when one puts his ego aside and in the company of people who give everything straight, no sugar coating.
No matter what question is presented here a definitive answer is impossible......in the end we teach ourselves in life....if we are lucky there is help along the way...
  • #8,488
  • Mar 6, 2017 3:42am Mar 6, 2017 3:42am
#1. LONG. This is just stupid. based on divergence and 50%pips ret from from previous move. Not only that, the entry is WRONG, even by jaquemate standard entry.

#2. LONG. The entry was beautiful, with clear break out.

#3. LONG. The first time I, EVER, average up. But the momentum was there.

The exit is a bit pitiful...only of 127.2 extension of the small leg...should've been AT LEAST 161.8%. Especially when 10RENKO showing a reversal at 50%RET

Lessons learned:
- need more patience in entry until clear signal of B/O, NOT because of afraid of getting left behind by the move!

-the exit is a bit more difficult to hold through...it's still hard to swallow, remembering all those time of when I had 15-20pips in hand and let it go to only +5. Mindset needs restructuring!
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  • #8,489
  • Mar 6, 2017 4:05am Mar 6, 2017 4:05am
Quoting Matomi
{quote} Great to see you going the right way in this thread Most people who comes here have only one priority - reach the results they can see posted by older members, they're trying to find shortcuts to become rich overnight. As someone wrote in previous pages - in trading doesn't exist any hacks or shortcuts, it's all about process. Enjoy your journey, every single day learn something new, make your own process to become successful. Do not forget, those older members did it, too...
Great post!!!!
  • #8,490
  • Mar 6, 2017 4:06am Mar 6, 2017 4:06am
I missed this one. I drew Trendlines and horizontal lines before breakout, but I missed the breakout. Look at this trade, Easy idea:

Gap, momentum Up, Resistance, Trendline. Break resistance = long. Stoploss below trendline and TP Gap.
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  • #8,491
  • Mar 6, 2017 4:17am Mar 6, 2017 4:17am
Yesterday I trained to hard and made a mistake with kettlebells, so I missed the morning move, sitting with horrible back pains at the doctor.
When I came home I saw this 123 on renco3, cannot sit in front of the laptop, but could push the mouse button.
Ger30 +20 pips.
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  • #8,492
  • Mar 6, 2017 4:21am Mar 6, 2017 4:21am
I feel the irony, but i congrats :-D
  • #8,493
  • Mar 6, 2017 4:26am Mar 6, 2017 4:26am
Quoting Gazilion
I feel the irony, but i congrats :-D
Thanks
  • #8,494
  • Mar 6, 2017 5:00am Mar 6, 2017 5:00am
CT Trade...Long +5

Hidden Div + Weekly Pivot + S/R
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  • #8,495
  • Mar 6, 2017 5:38am Mar 6, 2017 5:38am
Can I ask about ATR vs ADR?

I see these numbers from the original template posted here in RAR file.

Any of you guys still use the numbers there...or just to kinda float in the back of your mind, if the range is over the ADR, it's best to step aside from the market.

Please explain the ATR number, if you don't mind. How does that help out, if any, at all?

Thank you much for this.
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  • #8,496
  • Mar 6, 2017 5:39am Mar 6, 2017 5:39am
and what is that T for?
  • #8,497
  • Mar 6, 2017 9:25am Mar 6, 2017 9:25am
Ger30 +25 pips, last trade for today!
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  • #8,498
  • Mar 6, 2017 9:50am Mar 6, 2017 9:50am
Ger30 +34+5+12+14+17+54+34-3. Picked up a shitty cold, so that is me done. Last trade was stupid and greedy, but I came to my senses and got out, not too much damage done. The goats are going past so it must be time to stop.
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Cut your Losers short and let your Winners run.
  • #8,499
  • Mar 6, 2017 9:55am Mar 6, 2017 9:55am
Quoting PappaJack
Can I ask about ATR vs ADR? I see these numbers from the original template posted here in RAR file. Any of you guys still use the numbers there...or just to kinda float in the back of your mind, if the range is over the ADR, it's best to step aside from the market. Please explain the ATR number, if you don't mind. How does that help out, if any, at all? Thank you much for this. {image}
ATR does nothing for me but it is part of the indicator. T = Today.

It does not hurt to keep an eye on the ADR, but in reality I do not make decisions based on it.
Cut your Losers short and let your Winners run.
  • #8,500
  • Mar 6, 2017 10:27am Mar 6, 2017 10:27am
I am humbled...not only by your result, but also by ur patience, trading the dax until it closes.

Thanks for confirming my suspicion about atr & adr.

I hope u feel better tomorrow
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