A Signal ...
Looks extended but still a valid signal. Not happy that the SEED is almost as big as the last candle.
Not clearly a TTTPP its more like TRTRP ... hmmm might cancel it. Only risking $500.
Discussions and Chat
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
GBP USD (I don't know where this topic has gone)
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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
Re: GBP USD (I don't know where this topic has gone)
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
US Bank Holiday 5 Sep 2022
Tomorrow is Bank Holiday but Forex will be open.
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
Don't Forget the Power of TZ1
The Target zone one is the BEACON of the Banana or the Setup 1 ... it is THE number one filter that is inbuilt into my trading process. I don't draw it for every trade, because I can simply eye it. But for beginners, its best to always draw and make sure that your entry is at least 2R away from 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!
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Moderator
CLOSED THIS SECTION - DISCORD
This section was a replacement of discord but due to popular demand Since Discord is back online, we have decided to close this section.
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Moderator
Re-Openned
Will be creating topic for every date. Everyone is welcome to add, reply, post, create topics.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
my Template
I'm back to my standard template. I think I was bored. There is nothing wrong with my process. All good.
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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Minsk
- AIMSter
- Posts: 498
- Joined: 11 Nov 2021, 16:11
- 3
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: my Template
Exactly... but ...
The thing is .... I want to sometimes go long at the end of a prolonged bear move... And i know how to do it. But with the 50ema, I can't . I've trained my brain to follow everything that I hvae on the chart. Nothing is there without a reason and a specific and relevant rule. So if 50ema is there, that means, I won't ignore it.
But then I thought, although I'll miss some trades, the performance stats show that it does not affect profitability too much. So lets just continue with what I'm used to.
cheers
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
An Entire Week of No Signals
Sometimes, the market is dead, other times, its choppy and wild.
Some times it does not move nicely but there are signals and setups that often result in rents,
otherwise, it moves smoothly and gives nice profitable signals, yet there are times when it moves and still there are no signals.
As traders it is our job to stick to our trading plan. Unless you are a subjectively discretionary trader who trades their ideas and frame of mind, you can't just take trades here and there unless the setup appears.
That is because if you take every signal or trade without an organised and planned manner, chances are you will not be profitable for a long time.
It is our job to stick to our plan and one part of the plan is to trade only when you see your signal setup. We had one, the 2LPB on UJ, apart from that there was nothing. What a boring week.
Some times it does not move nicely but there are signals and setups that often result in rents,
otherwise, it moves smoothly and gives nice profitable signals, yet there are times when it moves and still there are no signals.
As traders it is our job to stick to our trading plan. Unless you are a subjectively discretionary trader who trades their ideas and frame of mind, you can't just take trades here and there unless the setup appears.
That is because if you take every signal or trade without an organised and planned manner, chances are you will not be profitable for a long time.
It is our job to stick to our plan and one part of the plan is to trade only when you see your signal setup. We had one, the 2LPB on UJ, apart from that there was nothing. What a boring week.
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!