Should have cancelled and set a new order That would either have hit 3R or I could have stayed over the weekend in the trade hoping for markets to continue up next week. oh well. #DAX30 #DAX40 #Ger40
Discussions and Chat
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: DAX Seed for the Weekend
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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
Why I missed a Buy Trade on US30 (DOW/DJIA)
How did I miss this trade? A Nice cool 5% Trade was there.
I was not able to benefit from this trade this Friday the 24th of June 2022. I can see clearly that price consolidated the day before and prior to that, there is some evidence of bullish price action.
Technically it cannot be classed as a missed trade because of the following reason.
1. I was not watching this pair for trades (market)
2. I did not have this market in my trade plan.
I had assumed that all the indices move in a highly correlated fashion. However, I am proven wrong here. The US indices can move slightly differently at times from other indices.
The mistake is not missing the trade, the mistake is taking the market out of my trade plan. I have corrected this mistake. I will be looking at 6 markets. EU GU UJ DAX NASDAQ (US100) and DOW (US30)
I was not able to benefit from this trade this Friday the 24th of June 2022. I can see clearly that price consolidated the day before and prior to that, there is some evidence of bullish price action.
Technically it cannot be classed as a missed trade because of the following reason.
1. I was not watching this pair for trades (market)
2. I did not have this market in my trade plan.
I had assumed that all the indices move in a highly correlated fashion. However, I am proven wrong here. The US indices can move slightly differently at times from other indices.
The mistake is not missing the trade, the mistake is taking the market out of my trade plan. I have corrected this mistake. I will be looking at 6 markets. EU GU UJ DAX NASDAQ (US100) and DOW (US30)
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
A Pretty Good Interview by the Former BOE
If you ever distribute free money while people are sitting at home, it will almost ALWAYS create inflation and make the same people poorer than before.
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: Discussions and Chat
fact.
good times will make the rich richer, and bad times will make the rich richer as well.
good times will make the rich richer, and bad times will make the rich richer as well.
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
GBP/USD PO Waltz Seed
The GBPUSD is showing a TR breakout and 2 TC and Waltz Signal.
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!
-
Minsk
- AIMSter
- Posts: 498
- Joined: 11 Nov 2021, 16:11
- 3
Re: Discussions and Chat
just put PO on GBP_USD, 2 trend candles, a pullback that gives seed, and it is just below 20 pips big.
all boxes checked in rules.
all boxes checked in rules.
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immy
- Founder
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- Joined: 22 Nov 2010, 16:46
- 14
Re: GBP/USD PO Waltz Seed
Cancelled.
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!
-
Minsk
- AIMSter
- Posts: 498
- Joined: 11 Nov 2021, 16:11
- 3
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
NASDAQ
I was watching the H1 and the open to get a better entry into a reversal trade.
And I saw this... so I hit the sell button. Before I knew it, it was up 2R.
My idea was to get the trade to a FREE Trade at 2R and leave SL at BE or -1R and then let it run on H1, if it wants to do that all day.
Hope you did not filter this because of "climactic".... @emma
Mistakenly got out of the whole thing. I wanted to Close some.... damn it.
1.5R profit
And I saw this... so I hit the sell button. Before I knew it, it was up 2R.
My idea was to get the trade to a FREE Trade at 2R and leave SL at BE or -1R and then let it run on H1, if it wants to do that all day.
Hope you did not filter this because of "climactic".... @emma
Mistakenly got out of the whole thing. I wanted to Close some.... damn it.
1.5R profit
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!
-
Minsk
- AIMSter
- Posts: 498
- Joined: 11 Nov 2021, 16:11
- 3
Re: NASDAQ
Oy, suximmy wrote: ↑27 Jun 2022, 14:47 I was watching the H1 and the open to get a better entry into a reversal trade.
And I saw this... so I hit the sell button. Before I knew it, it was up 2R.
My idea was to get the trade to a FREE Trade at 2R and leave SL at BE or -1R and then let it run on H1, if it wants to do that all day.
Hope you did not filter this because of "climactic".... @emma
2022-06-27_14-42-08.jpg
Mistakenly got out of the whole thing. I wanted to Close some.... damn it.
1.5R profit