I put a target on, 2 or 3 depending on if it is early in the trade.Do you put a TP target on your trades, or do you just let them run and manually close at some point?
Discussions and Chat
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vickyp
- AIMSter
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Re: H1: Trades, Ideas, Chat
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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Minsk
- AIMSter
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- Joined: 11 Nov 2021, 16:11
- 3
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
USDJPY Unplanned News Reaction
News moves the market. Some news are unplanned.
Karoda said something, Yens moved.
I am not trading the 5 minute charts for a while. But I do like to watch and keep a record of the setups I see. It's also a type of training.
I was watching but the big single candle kept me on the sidelines. I thought it was too climactic.
But more importantly I'm not trading the 5 minute for a while, so perhaps that's what really is the matter. So I will not know why I decided not to take it because I was not going to actually trade it.
Karoda said something, Yens moved.
I am not trading the 5 minute charts for a while. But I do like to watch and keep a record of the setups I see. It's also a type of training.
I was watching but the big single candle kept me on the sidelines. I thought it was too climactic.
But more importantly I'm not trading the 5 minute for a while, so perhaps that's what really is the matter. So I will not know why I decided not to take it because I was not going to actually trade it.
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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!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
USDJPY Seed Signal 10.00
Hmmm...
Levels to the left... and Climactic ... only a minor news moved this... could take if you're really excited about it. To me its Rule #2 taht says "stop here".
Levels to the left... and Climactic ... only a minor news moved this... could take if you're really excited about it. To me its Rule #2 taht says "stop here".
You do not have the required permissions to view the files attached to this post.
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!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
The Swissy USDCHF Signal 10.00 26 May 2022
I have to show the chart with this zoom level to show why I am not taking this signal.
6 days of down moves. Will it continue further? hmmm
with double bottom to the left and Swiss/German/French holiday, I'll say Pass.
6 days of down moves. Will it continue further? hmmm
with double bottom to the left and Swiss/German/French holiday, I'll say Pass.
You do not have the required permissions to view the files attached to this post.
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
Swissy 10.00 Seed PO -(changed my mind)
I have changed my mind. The signal is valid and I must take it. End of story.
You do not have the required permissions to view the files attached to this post.
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
Re: Swissy 10.00 Seed PO -(changed my mind)
I just realised I must make the SEED version of the Flowchart.
I'm on it!¬
You do not have the required permissions to view the files attached to this post.
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
Short PO on Swissy and UJ 11.00 Signal
Yes
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!
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Minsk
- AIMSter
- Posts: 498
- Joined: 11 Nov 2021, 16:11
- 3
Re: Swissy 10.00 Seed PO -(changed my mind)
Thank you for the Seed Flow chart!
The flow charts help me keep me on track. It's a way to stay objective, just answer the Q's and there you go.
I know I would otherwise be tempted way more to lose discipline.
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Minsk
- AIMSter
- Posts: 498
- Joined: 11 Nov 2021, 16:11
- 3
Re: H1: Trades, Ideas, Chat
USD-CAD, 2nd pullback after impulse down, I put a pending order on Banana #1.
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