Hi
After Yesterday's fantastic US session, this morning started very nicely and before I knew it, I had taken 2 long trades on DAX and nice 4%.
It appeared, that Dax was going to tank all day, but it was not long before the market showed its hand and price went up.
It was hard initially to accept this switch but as soon as I saw, the impulse move up, I prepared my mind for a long signal.
3 minutes later I saw 3 pop up and I was about to take the trade but I wanted a little longer. Then I took the trader on the smaller canlde. Emma got in on 3 and still got 2R. BOOM
21 Oct 2021
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
21 Oct 2021
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
USDJPY a bad call
Went short and paid the rent on UJ but the analysis was obviously against the trade. DS0
I did not go short on 2, instead, I waited for a smaller candle, it was a seed. But it's a violation of the seed method.
The seed method requires me to either take a trade on 2-3 candle pullback where the pullback candles are obviously and clearly smaller than the trend candles. That was NOT the case here.
Also, we take pullback entries, and pullbacks work within trends, NOT within sideways markets near its highs or lows.
https://www.screencast.com/t/o58DlQBY
These are the images I keep posting in the discord group/chatroom.
I did not go short on 2, instead, I waited for a smaller candle, it was a seed. But it's a violation of the seed method.
The seed method requires me to either take a trade on 2-3 candle pullback where the pullback candles are obviously and clearly smaller than the trend candles. That was NOT the case here.
Also, we take pullback entries, and pullbacks work within trends, NOT within sideways markets near its highs or lows.
https://www.screencast.com/t/o58DlQBY
These are the images I keep posting in the discord group/chatroom.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!