i agree and see what your saying in trade alarms bells be ring loud and clear. Then its my stupid brain keeps butting in wish i could just distract it. Kind see like i m learning to dance with market ,letting it lead the way and i following its lead. Sometimes i look down at my feet and BAM!! i trip my self up and fall on my arse lol.
I have been trading with out target take profits to practise my price action. i want to simply trade what i see. If see demand or supply area in price forming i cover or close position. I feel if i set a take profit my mind will override what isee hold on to position thats started weaken and reverses against me.
Problem im working on at moment. Once i sort this out ill go back to setting target areas.
MightyOne wrote:bettlebox wrote:Hi guys
im still alive, jsut been practising my price action following with real money. Sure does help you to focus the mind whens it your hard earned cash online .
Entries are good , well 80% time. But im having difficulting trying to hold on to trade. Soon as im up 3-5 pips my minds screaming at to take it LOL.
So close 2/3 of my position at 3-5 pips that shuts my mind up, stupid damn thing.
Am i right in saying if you can pick entries well then should be able pick exits well?
3 parts to trade:-
Entry, Hold & Exit
Practise practise pracise. Been practising my Zlines and MOMO zones too.
Momo zones are great . Real good feeling when you catch your frist MOMO zone.
Got picture i played these today
PS NB nice big clean screen dumps .
If you have a reason to enter then you have a reason to hold.
If you have clearly defined rules as to when you are WRONG then you have nothing to worry about.
In this picture you can see how I would have saved myself by admitting technical defeat:
(There really wasn't a reason to buy back lower that last time with all that failure overhead, but I needed a bad entry to get out of as an example )