https://www.screencast.com/t/4YVD6zjrw2x
3 Dec 2021 - Phases on DAX40
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
3 Dec 2021 - Phases on DAX40
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
Would 8% Profit Spice Up Your Interest? I doubt it
Today's trading included a few discretionary entries.
I started with LOBOT momentum, and then I built upon success.
The first trade was based on the thought that it was still LOBOT time, meaning I would give momentum more value than S/R or anything else.
I saw the Breakout phase as shown in the image in the previous post.
I then waited for a pullback. The signal went above 10ema so did not print but I was convinced that it was a good pullback.
From there, I built upon successs
Price went close to my SL I thought I wasted my discretionary entry here nad settled for BE but it did not hit SL and instead created a doji.
I thought it was a great chance to add to a winning trade. I did
The add-on, was based on a small candle, so it hit 2R before the first entry.
and that gave me 4.3% profit with some much loved positive slippage.
Now armed with the extra profit I was the king. I took one more entry and added to that as well. Grabbed another 4%. BOOOOM
I started with LOBOT momentum, and then I built upon success.
The first trade was based on the thought that it was still LOBOT time, meaning I would give momentum more value than S/R or anything else.
I saw the Breakout phase as shown in the image in the previous post.
I then waited for a pullback. The signal went above 10ema so did not print but I was convinced that it was a good pullback.
From there, I built upon successs
Price went close to my SL I thought I wasted my discretionary entry here nad settled for BE but it did not hit SL and instead created a doji.
I thought it was a great chance to add to a winning trade. I did
The add-on, was based on a small candle, so it hit 2R before the first entry.
and that gave me 4.3% profit with some much loved positive slippage.
Now armed with the extra profit I was the king. I took one more entry and added to that as well. Grabbed another 4%. BOOOOM
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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!