You have to know what you want and be willing to wait for it.
Price doesn't move up or down in a straight line so you have to take
one or two large reversals into consideration when creating a plan.
EJ is still 1000+ pips off the yearly high...1000+ pips I say!
Those who were willing to wait, instead of fidgeting daily, were paid handsomely.
Price DOES move hundreds of pips (thousands even) and all you have
to do is BE IN THE MARKET until it moves.
Rule of Thumb: Take a long term trade when you are guessing and a short term trade when it is obvious.
A fresh start! Doji's Trading Journal
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- dojirock
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Thanks Mighty One!
I need to be reminded of these things from time to time!
I was about to give up and take a loss.
dojirock
I need to be reminded of these things from time to time!
I was about to give up and take a loss.
dojirock
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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- dojirock
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I used the same technique to stay in the trade longer.
dojirock
dojirock
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- gutradedoji30.gif (17.45 KiB) Viewed 3141 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
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mdsea,
notice how on all three time frames, its telling you the same story?
dojirock
notice how on all three time frames, its telling you the same story?
dojirock
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- gutradedoji15.gif (16.04 KiB) Viewed 3140 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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