Attachments: Psych Levels, Pivots, and Trendlines - Resurrected

Psych Levels, Pivots, and Trendlines - Resurrected

#12,061
Apr 20, 2017 9:34pm Apr 20, 2017 9:34pm

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

Quoting stechi

Disliked

E/U Im not proud of this trade. Enty was good but i wanted too much. It was above 50P and ended with +15P {image}

Ignored

Bro, if you are up 50 you have to take it.. This is not swing trading, we are day trading.. Please don't think you will get 50 points on every trade..

#12,062
Apr 21, 2017 12:22am Apr 21, 2017 12:22am

stechi
| Joined Apr 2017 | Status: Trader | 190 Posts

Quoting focusonmoney

Disliked

{quote} Bro, if you are up 50 you have to take it.. This is not swing trading, we are day trading.. Please don't think you will get 50 points on every trade..

Ignored

No i dont think that i can make 50 on every trade. My problem is that i take my trades too early. So im looking for to let it run. For my excuses..i managed that trade via smartphone at work. And of course its demo.

A few days ago i took a trade at 30p+ and it went up to 70p.

I saw monocor took a trade at 80+. (no i dont wanna mess with him)

i think i should look at RR. 2:1 or max 3:1 if its running well...and dont bother if its running higher. you get your points...

thank you for helping beginners monocor and focusmoney. you doing great.

#12,063
Apr 25, 2017 6:54am Apr 25, 2017 6:54am

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

U/J Trade

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#12,064
Apr 25, 2017 6:59am Apr 25, 2017 6:59am

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

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#12,065
Apr 25, 2017 7:04am Apr 25, 2017 7:04am

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

Im in this EU trade right now but I got in a little late.. I hope it hit my profit target (the yellow line)..

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#12,066
Apr 25, 2017 7:14am Apr 25, 2017 7:14am

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

I took a small loss on this one.. I didn't like how it looked but of course it worked after it stopped me out lol..

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#12,067
Apr 25, 2017 7:25am Apr 25, 2017 7:25am

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

Ok, so my EU trade finally worked.. It hit my yellow line and I'm done for the day

..

This is why I love trading.. Where I live it's 8:21 am and I'm done for the day.. What other job you know that you can do that? I can travel anywhere and trade and make more than doctors and lawyers..

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#12,068
Apr 26, 2017 3:33pm Apr 26, 2017 3:33pm

stechi
| Joined Apr 2017 | Status: Trader | 190 Posts

Thanks focusmoney. Nice trades! Keep up the good work!

Im learning a lot at the moment. Maybe i can post some trades soon but now they are still not so good to show you.... Some Questions : You dont use RSI right? I dont see it on your chart. Do You just trade pattern breakouts in trend directions ? Thank you.

#12,069
Apr 27, 2017 3:57am Apr 27, 2017 3:57am

monocor
Joined Jan 2013 | Status: Trader | 1,410 Posts

CAD/JPY flag trade from today

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Even though I walk through the darkest valley, I will fear no evil

#12,070
Apr 27, 2017 4:30am Apr 27, 2017 4:30am

monocor
Joined Jan 2013 | Status: Trader | 1,410 Posts

Quoting stechi

Disliked

{quote} No i dont think that i can make 50 on every trade. My problem is that i take my trades too early. So im looking for to let it run. For my excuses..i managed that trade via smartphone at work. And of course its demo. A few days ago i took a trade at 30p+ and it went up to 70p. I saw monocor took a trade at 80+. (no i dont wanna mess with him) i think i should look at RR. 2:1 or max 3:1 if its running well...and dont bother if its running higher. you get your points... thank you for helping beginners monocor and focusmoney. you doing great....

Ignored

It happens once or twice a month, when market is running on expectations, and instead of lets say 20 pips target, market jump on 80 pips, and happily take that gift. I close my trades by target, when I close my trade by the target I don't care what happens after that, it can run 300 pips after my close, i have my profit by target, I followed my plan, and thats it. Get read of your emotions, or you will suffer a lot. And forget about the pips, R:R and % of risk, it is all what matters

Even though I walk through the darkest valley, I will fear no evil

#12,071
Apr 27, 2017 8:45am Apr 27, 2017 8:45am

focusonmoney
| Joined Apr 2012 | Status: Trader | 430 Posts

Quoting stechi

Disliked

Thanks focusmoney. Nice trades! Keep up the good work! Im learning a lot at the moment. Maybe i can post some trades soon but now they are still not so good to show you.... Some Questions : You dont use RSI right? I dont see it on your chart. Do You just trade pattern breakouts in trend directions ? Thank you.

Ignored

I'm not using the rsi at the moment but it can be a good tool if you combined it with price action..
90 percent of the time I'm trading with the trend.. So yes, most of my trades I'm with the trend.. And if you are new at this then I will suggest you stick with the trend..

#12,072
Apr 27, 2017 8:55am Apr 27, 2017 8:55am