How to be a MOnster

[aliassmith]

Hi, Just curious, How often do you trade? Thanks in advance.

Just about every day. During that time span I put in over 60 orders at least. I'm certain I've never gone that long without a loss before. My normal is about 75% accurate.

Hi Alias ...Are you automated now ?......excellent record ..

No I'm not automated. I had an algo working on a broker that closed. but when I tried to get it working on another broker it didn't do well.

[Mira]

Another loss I’m back in the 95%

The problem is that I can’t see my mistake.

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[Libertarian]

Is this the old risk box trick? Or are we talking just a losing position period? Either way very impressive, but just curious.

I guess it had to end at some point. I had my first loss since Oct 26.

Hi, Just curious, How often do you trade? Thanks in advance.

Just about every day. During that time span I put in over 60 orders at least. I'm certain I've never gone that long without a loss before. My normal is about 75% accurate.

[Libertarian]

Another loss I’m back in the 95%

The problem is that I can’t see my mistake.

4395EBAD-42B3-4CAD-B2DE-2431DD3ECECC.png

I made a similar mistake, but do everything in your power not to let it get in your head. Like MO said, your goal should be to continuously apply your principles. Your not going to win them all...unless your Alias, or MO, or Jala, or Dragon,. (I'm really writing this to myself ). Risk lines, make lines...Its the new 50%

usdjpy-m15-capital-city-markets-2.png (64.81 KiB) Viewed 2745 times

[aliassmith]

Is this the old risk box trick? Or are we talking just a losing position period? Either way very impressive, but just curious.

Hi, Just curious, How often do you trade? Thanks in advance.

Just about every day. During that time span I put in over 60 orders at least. I'm certain I've never gone that long without a loss before. My normal is about 75% accurate.

Order for order, no risk box. I'm a "scalper" mostly so 60 isn't really a lot of trades in about a month. It is a lot to go without a loss tho.

[Mira]

Another loss I’m back in the 95%

The problem is that I can’t see my mistake.

4395EBAD-42B3-4CAD-B2DE-2431DD3ECECC.png

I made a similar mistake, but do everything in your power not to let it get in your head. Like MO said, your goal should be to continuously apply your principles. Your not going to win them all...unless your Alias, or MO, or Jala, or Dragon,. (I'm really writing this to myself ). Risk lines, make lines...Its the new 50%

usdjpy-m15-capital-city-markets-2.png

Yep I’m not going to win them all.
I also think that I know my mistakes but they are more perceptions than absolute truths.
What I need to do is to respect the plan, no matter what.

Thanks for your help Libertarian

[aliassmith]

Another loss I’m back in the 95%

The problem is that I can’t see my mistake.

4395EBAD-42B3-4CAD-B2DE-2431DD3ECECC.png

I made a similar mistake, but do everything in your power not to let it get in your head. Like MO said, your goal should be to continuously apply your principles. Your not going to win them all...unless your Alias, or MO, or Jala, or Dragon,. (I'm really writing this to myself ). Risk lines, make lines...Its the new 50%

usdjpy-m15-capital-city-markets-2.png

Lol I don't win them all. I only had a great streak. I fully expect to get back to my 75%ish average.

[MightyOne]

Not a bad call, Libby.
Easily good for 2 or 3 lines.

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[Libertarian]

Not a bad call, Libby.
Easily good for 2 or 3 lines.
libby.pngUSDJPYM30.png

Then there is reality, could be better, I was sure we were going to get that nice lil devil and just start cruising lower.

usdjpy-m15-capital-city-markets.png (59.95 KiB) Viewed 2686 times

But...right now I am currently questioning my long term position after that move higher turned out to be a higher TF close. Hoping it turns into an even higher TF wick.

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Trading FX is a lot harder than futures...The close based levels work well there, Here, not so much. Just my observation. This was my first FX trade in over 7 months.

[MightyOne]

Mira must be so upset...

Wait for the H4 to close in the zone and then use the M30 to zoom in: larger chart price levels (H4+) from small charts, not M30 price levels alone.

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USDCADM30.png (25.44 KiB) Viewed 2684 times