In the Juniors Room today there were a few of us debating trade(s) commencing just after 15:00 UK time (16:00 GMT +2)
Grant came to our rescue and provided us with a simple walkthrough of his thoughts. Thanks Grant. For all us newbies, please note that this is not a valid type 1 setup
Is this a Valid Trade?
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Peter
- Posts: 19
- Joined: 14 Aug 2011, 18:16
- 14
Is this a Valid Trade?
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Is this a Valid Trade?
Thanks Peter for sharing this pic. This really solved the issue. And thanks to Grant As well. :-bd
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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John Wimberley
- Free Member
- Posts: 92
- Joined: 11 Aug 2011, 15:04
- 14
Re: Is this a Valid Trade?
A really nice pic, and a great trade! Thanks for sharing that with us.
You should consider starting your journal with this.
You should consider starting your journal with this.
Trade what you see, not what you think
John Wimberley
John Wimberley