Today I was trading and got beaten
There were chances....I just wasn't in them.
If I would trade it again...I wouldn't take trade #2 and #5 as #2 failed at the same level before and #5 was just a bit too far away from the sma.
(The last trade btw was traded as an inside bar and got triggered 2 bars later)
Together with 2 losses on us30 I lost +/- 2.5%.
Let's try again tomorrow when it's not FTMO day.
Aliassmith Beats a "Dead Horse"
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Yirbu wrote:Today I was trading and got beaten
There were chances....I just wasn't in them.
If I would trade it again...I wouldn't take trade #2 and #5 as #2 failed at the same level before and #5 was just a bit too far away from the sma.
(The last trade btw was traded as an inside bar and got triggered 2 bars later)
Together with 2 losses on us30 I lost +/- 2.5%.
Let's try again tomorrow when it's not FTMO day.
220921 - EURUSDM5.png
I think it was FOMC day?
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- Yirbu
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:Yirbu wrote:Let's try again tomorrow when it's not FTMO day.
I think it was FOMC day?
Ha, ha, ha...
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Re: Aliassmith Beats a "Dead Horse"
Did some trades after FOMC and managed to get most of my money back.
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:Yirbu wrote:Today I was trading and got beaten
There were chances....I just wasn't in them.
If I would trade it again...I wouldn't take trade #2 and #5 as #2 failed at the same level before and #5 was just a bit too far away from the sma.
(The last trade btw was traded as an inside bar and got triggered 2 bars later)
Together with 2 losses on us30 I lost +/- 2.5%.
Let's try again tomorrow when it's not FTMO day.
220921 - EURUSDM5.png
I think it was FOMC day?
I read that as 'FOMO', I think it is time for new glasses
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
- Yirbu
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.
Now if you see that forming...what made you think it would go down?
Re: Aliassmith Beats a "Dead Horse"
Yirbu wrote:aliassmith wrote:Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.
Now if you see that forming...what made you think it would go down?
There are a few reasons that I can see:
- price entered the area from which it broke out
- price is unlikely to continue to go vertical
- there is bar overlap and lower highs
- price closed lower than a previous range
- the MA was down-trending out of the pattern
- . . .
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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Re: Aliassmith Beats a "Dead Horse"
IgazI wrote:Yirbu wrote:aliassmith wrote:Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.
Now if you see that forming...what made you think it would go down?
There are a few reasons that I can see:
- price entered the area from which it broke out
- price is unlikely to continue to go vertical
- there is bar overlap and lower highs
- price closed lower than a previous range
- the MA was down-trending out of the pattern
- . . .
this_img.jpg
Wow...thx.
I realize how much I still have to learn
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
IgazI wrote:Yirbu wrote:aliassmith wrote:Start at the arrow short with a few adds to make 95%
That is huge on the SP500, bad for retirement accounts. Great for well positioned traders.
Now if you see that forming...what made you think it would go down?
There are a few reasons that I can see:
- price entered the area from which it broke out
- price is unlikely to continue to go vertical
- there is bar overlap and lower highs
- price closed lower than a previous range
- the MA was down-trending out of the pattern
- . . .
this_img.jpg
Yes and price entered a FVG
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