Mike!
Thats very nice trading today! Good to see that you're "getting better everyday in every way"
Cheers
Immy
ps: you must be flying high today!!!
Mike's Journal MSK185
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immy
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Re: Mike's Journal MSK185
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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msk185
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Re: Mike's Journal MSK185
Yep but flew for real yesterday was beautiful clear day, the world looks lovely from the air 
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msk185
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Re: Mike's Journal MSK185
First trade today, I missed the Frankfurt short but took the entry for what I saw as potential wave 5 short.
Entry below 1 min, moved stop to b/e early as price looked to be reacting to the recent low, stopped by 1 micro pip before price would have hit my target, unlucky. Next!
Mike
Entry below 1 min, moved stop to b/e early as price looked to be reacting to the recent low, stopped by 1 micro pip before price would have hit my target, unlucky. Next!
Mike
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msk185
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Re: Mike's Journal MSK185
Trades 2 and 3 both times I broke the rules but thankfully the market was kind and let me off with 2 b/e's and polite lesson.
Trade 2 was entered when the 5 min chart was still indicating short moves even though the setup looked good on the 1 min, i realised my error just after the order tirggered so closed at b/e.
trade 3 on 5 min made more sense as entry was above the blue and purple, but on 1 min the AO was diverging and too high for a valid setup, what can I say an impulsive order placement, the order triggerred just as I clicked to cancel, held my nerve but closed on b/e, in hindsight could have held on but I'm happy to learnt to be more disciplined it's less stressful
Mike
Trade 2 was entered when the 5 min chart was still indicating short moves even though the setup looked good on the 1 min, i realised my error just after the order tirggered so closed at b/e.
trade 3 on 5 min made more sense as entry was above the blue and purple, but on 1 min the AO was diverging and too high for a valid setup, what can I say an impulsive order placement, the order triggerred just as I clicked to cancel, held my nerve but closed on b/e, in hindsight could have held on but I'm happy to learnt to be more disciplined it's less stressful
Mike
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msk185
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Re: Mike's Journal MSK185
Trade 4 20pips ) ) 
Entered below 5 min at 13253, below 5 min blue and purple, exit at the 15min/60min Low for 20 pips. Held through the retrace/consolidation as there seemed no upward momentum
The market is looking after me this week
Mike
) ) Entered below 5 min at 13253, below 5 min blue and purple, exit at the 15min/60min Low for 20 pips. Held through the retrace/consolidation as there seemed no upward momentum
The market is looking after me this week
Mike
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Topher
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Re: Mike's Journal MSK185
Nice one Mike.
I took the same trade and am still in it. I am been brave or foolish time will tell.
Richard
I took the same trade and am still in it. I am been brave or foolish time will tell.
Richard
The forex market will pay you well for discipline.
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Herbert
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Re: Mike's Journal MSK185
(wd) (wd) Looking past the dots a bit heh??? )
Good one.
Herbert
) Good one.
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
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msk185
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Re: Mike's Journal MSK185
Thanks guys.
Finished the day up 20pips recovered half my rent from last week but more importantly happy with how I traded these past few days.
In London for three days now so wont get much chart time.
Many pips to you all
Mike
Finished the day up 20pips recovered half my rent from last week but more importantly happy with how I traded these past few days.
In London for three days now so wont get much chart time.
Many pips to you all
Mike
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Grant
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Re: Mike's Journal MSK185
HI Mike,
A good system will never make money if your head is in the shed.. Good to hear your turning the corner and enjoying your trading.
Enjoy your time in London village (i love it but as i'm a cockney i would)
Many pips to you
Grant
A good system will never make money if your head is in the shed.. Good to hear your turning the corner and enjoying your trading.
Enjoy your time in London village (i love it but as i'm a cockney i would)
Many pips to you
Grant
success = patience + discipline - greed
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msk185
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Re: Mike's Journal MSK185
No trades for me yesterday, looks like a picked a good day to not be able to trade. Unlikely to get much chart time today and fee ropey today with a head cold so will sit the day out. There is always tomorrow.
Mike
Mike