Pedro's Journal !

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acceleratum
Posts: 597
Joined: 03 Nov 2015, 14:38
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Re: Pedro's Journal !

Unread post by acceleratum »

5 exit signals? Which ones
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immy
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Re: Pedro's Journal !

Unread post by immy »

acceleratum wrote:5 exit signals? Which ones
really? i have to mark it for you :((
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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acceleratum
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Re: Pedro's Journal !

Unread post by acceleratum »

Well, I wasnt lookin at the sideways action, I was waiting for the break, I did place the PO too soon as usual, but since it triggered, the rent is already going to happen, so I leave it and let it go where it wants.
So I should exit if It triggers too soon and get back in later with the proper entry? ..
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immy
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Re: Pedro's Journal !

Unread post by immy »

Nope, the right approach would be to correct your mistake. Don't let it play out for WRONG reasons. Thats gambling.

If you know you have NOT applied your edge, you know you were wrong and when you are wrong GET OUT...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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wiseambitions
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Re: Pedro's Journal !

Unread post by wiseambitions »

That's such a useful analysis, I can't think of a better mentor than Immy for showing us what the charts are saying, honestly I don't think any other forum contains anything as helpful as this. And when the charts definitely say something we are rather foolish to hold on in hope, contrary to the signals being given. True enough sometimes a trade will come back to our advantage but it could easily soar away the wrong direction completely, and it happens quite often!
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."
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acceleratum
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Re: Pedro's Journal !

Unread post by acceleratum »

7: Setup : 3R hit right on TZ1
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acceleratum
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Re: Pedro's Journal !

Unread post by acceleratum »

1: Setup BE
2: got back in on little pause and trailed bars : DS0
3: Setup too soon (had monarch on AO) : Rent
4: Setup took the break of the previous level , exit trailing bars
5: Not a setup, saw break of m5 and took it: DS0

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acceleratum
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Re: Pedro's Journal !

Unread post by acceleratum »

Setup 5 of 5 which then turned into new 3.
Seed : new peak, dark bars, right after the setup, since it turned into new 3 took it, otherwise would skip.
Apple: it fired of fast so the entry triggered a bit above, still after 5 green bars trailed candles for profit.

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acceleratum
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Re: Pedro's Journal !

Unread post by acceleratum »

Setup into w5 : trailed candles.
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acceleratum
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Re: Pedro's Journal !

Unread post by acceleratum »

1: Setup h1 Gu - entry on previous level, exit on box trail.
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Last edited by acceleratum on 19 Oct 2016, 13:45, edited 1 time in total.
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