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the thing that you've squeezed at the bottom is THE MOST important thing of all...
Yes its usually bigger, it was just moving things around for the picture that it was like that, Ill leave it instead of taking new picture to remind me of it.
In this seed m5 AO was still in the red retracing back from w3 but very close to cross of zl, gator was open to the upside so I took it, my plan doesn't mention that both time frames have to be on same side of ao, I look to m5 only to see the trend direction, but Ill take this into account in the next plan revision.
DAX30m1 Seed BE 0% : DS1
DAX30m1 Cherry BE 0% : DS1
Both BE, Need to check ATM settings in next plan for stop loss and buffers to shorten the trades, still good discipline not to mess with the sl manually, let ATM manage and relax.
Me: Do you think trailing candle to grab some profit would be more effective than waitin to either tp or be in the long run?
Immy: we have two routes. manage each trade manually, which Grant and I did for years or just let ATM manage it and bring more consistency and objectivity in to our methods. We chose the later after 4 years of tinkering with m1 chart.
Not a bad try but I would tend to regard the peak just before you tried going long again as actually top of a W5 rather than a 3, such as ewaves decided to label it. Very often I think at this time of day in the NY session (which is getting late for Germany) that most of the action has played out and I would be wary of the market offering much more. But don't take too much notice of me, I'm also made mostly of water and make as many misjudgements as any others.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
yes I could avoid going a second trade but on the example before there were two profits in same wave.. I try not to guess and the signal was valid.
I trade mostly on NEO and afternoon since I rarely can trade in the morning due to work, thanks for the input, always appreciated!
DAX30m1 Cherry TP 2% : DS1
DAX30m1 Seed BE 0% : DS0 : Should have waited for new peak, was lookin to catch wave 5 but this was too soon.
DAX30m1 AA BE 0% : DS1 : reminder: drop apples on next plan update.
Got really lucky with a profitable result despite not maintaining discipline as much as wanted, but good run for first T20. Will now start new one with updated trading plan and using The Hunt Strategy.
