{quote} I have a Dorman futures account funded right now, just too green to man up and trade!
Trading is as simple as 1-2-3
- #3,703
- May 22, 2017 2:17pm May 22, 2017 2:17pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Well, the 100 has been fun to watch today. Still in play and again, check out how magnetic/repulsive that 61.8 fib-level is.
- #3,706
- May 23, 2017 12:25am May 23, 2017 12:25am
Hello guys, first of all I want to thank TooSlow for a great method and Lem and Hal7 as teachers 
I've been trading this startegie for about seven months and my account is slowly but surely growing. However, I still have a problem that I can not solve permanently, sometimes yes, but mostly not. I close my positions unnecessarily soon. 1000x I said hold, hold on, hold it for an hour. On the other hand, I have in my head to be grateful for at least a few pips. I do not know what do with it )
I've been trading this startegie for about seven months and my account is slowly but surely growing. However, I still have a problem that I can not solve permanently, sometimes yes, but mostly not. I close my positions unnecessarily soon. 1000x I said hold, hold on, hold it for an hour. On the other hand, I have in my head to be grateful for at least a few pips. I do not know what do with it )
- #3,707
- May 23, 2017 1:11am May 23, 2017 1:11am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Well that UK100 bounced around all night but finally closed itself off.
There was a long entry early this am which I didn't get in on as busy elsewhere and there now looks like there'll be a short opportunity some time soon.
There was a long entry early this am which I didn't get in on as busy elsewhere and there now looks like there'll be a short opportunity some time soon.
- #3,708
- May 23, 2017 1:13am May 23, 2017 1:13am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
The only thing I would add Eve55 is that small profits are certainly better than losses. I take a percentage of my trade off when it hits +5 and let the smaller part run until it comes back to stop or will switch to a trailing stop as it progresses. Yesterday I did that on the GU and it stopped out at +26. The other week I had that EU long and caught about +250. That type of trade of course rare but they do happen. 
- #3,709
- May 23, 2017 1:20am May 23, 2017 1:20am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Hello guys, first of all I want to thank TooSlow for a great method and Lem and Hal7 as teachers
I don't know your level of experience but if you are not too long in the game, you should know that this is something that I guess we've all gone through at some point in our development as traders. You don't need me to tell you it's all in your head! A huge percentage of trading ability comes from mental strength and mental strength can be trained.
I take it you are using the ''Bank 80% @ +5'' technique? If not, I would seriously suggest you give it a try. I think you will be amazed at how it will transform your attitude once you know you have that cushion safe in the bank early.
- #3,710
- May 23, 2017 1:47am May 23, 2017 1:47am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Took this EG short and managed to get to the +5 ever so slowly, profit locked will see where it goes.
- #3,714
- May 23, 2017 2:19am May 23, 2017 2:19am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
{quote} Somehow I didn't see your post right in front of mine. ...so far, its not moving much
- #3,715
- May 23, 2017 3:17am May 23, 2017 3:17am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Recently someone commented losses are never shown here. There was my last hour CF loss -13. I happened to leverage it back this hour on the same pair, and would not recommend doing that, but is just something I am testing on a separate account.
- #3,716
- May 23, 2017 3:30am May 23, 2017 3:30am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
And here is why I caution on recovery strategies. I did not take these trades just illustrating what can happen. This was the EU last week. 7 consecutive hours before it yielded 5 pips the other direction.
- #3,717
- May 23, 2017 3:43am May 23, 2017 3:43am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Back over with my Weird Bunch pair of choice for the day, the 100 gave me a grand opportunity to test out my first Hal-Special. After such a large single-bar move, it was crying out to be done and sure enough, it worked perfectly - cheers, buddy 
.
Once that was off and running and safely squared away, I then took the ''ordinary'' entry.
Magenta circle: Hal-Special Entry
Yellow circle: Normal Entry
.Once that was off and running and safely squared away, I then took the ''ordinary'' entry.
Magenta circle: Hal-Special Entry
Yellow circle: Normal Entry
- #3,718
- May 23, 2017 3:46am May 23, 2017 3:46am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Back over with my Weird Bunch pair of choice for the day, the 100 gave me a grand opportunity to test out my first Hal-Special. After such a large single-bar move, it was crying out to be done and sure enough, it worked perfectly - cheers, buddy
- #3,719
- May 23, 2017 3:50am May 23, 2017 3:50am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
{quote} Having said all that - and looking at it again...I'm not actually totally sure that that is a Hal-Special, lol...I got all excited and may have got it wrong...but right...but wrong...