That is what I get for not drinking rum before opening a chart...
verify* dont you love when you make typos on charts...
dojirock wrote:Start to finish. Applies to anytime frame (i just like the short ones) Any pair. I have my favorites though. I put the notes on each chart.
MightyOne wrote:I still don't understand how news lost 25% in one trade...
I can understand if it were a 167 pip gap move after doubling my lots, drunk off my ass staring at a picture I was going to post but now believe to be my actual chart window (has happened); but other than that, damn!
dojirock wrote:Nice trading raw.
News, always plan your trading rules and trade your plan. Step by step. You seem to be reading the momentum correctly. If you use sema's like I do, define your rules for them which will occur after your RB momentum observation. I also have always used and ema rule. I notice on your charts no visual of a bias. When I post charts its almost always the entry chart, not the bias plan. What do you use, or how do you see your bias. I have listed many examples in this thread, from RB boxes on higher time frame, BB Bands, Macd, momentum behind us Dragon style. Never trade without a bias, we will just be giving our equity away when we do. The below chart has short and long trades based on hard set rules, non discretionary. That follows a bias. I dont know how you see a bias....we all see it differently. If my bias was from a 20 min or longer chart I would have no long trades on the pic below. My bias is based on a 8 min chart, my entries on a 5 min. The next pic gives an example using the macd(awesome indicator if used correctly) So a break down, determine a bias direction, then I look for momentum breaks using my RB(rockboxes). I trade away from higher number sema's only if RB's show the way, other wise I trade toward higher sema's. When to pull the trigger? When above the ema for shorts and below for longs. Take Profits, when im happy, just becomes second nature.
I never add to losers.... and stack to my winners...
dragon33 wrote:dojirock wrote:Start to finish. Applies to anytime frame (i just like the short ones) Any pair. I have my favorites though. I put the notes on each chart.
It seems like you're back on track after our skypechat