Another frustrating loss, if you look at the previous UC trade, I had a bearish bias, but I cut it short because I thought we were going to get dollar strength. I thought I had learned the lesson, that I am just going to trade the candles and not try to be a smarty pants. So I just took the trade. Thought if we were going short we'd come back into the range and zero those folks out and keep moving lower.
One lesson here is that on the Hr chart and smaller price came back to the zone and made a lower low. This should have been a red flag that I either missed it or am wrong about direction. Something to keep in the back of my mind.
Libertarians take on trading
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- Libertarian
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- Libertarian
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Re: Libertarians take on trading
Just to update. Since I got my new broker. I am down just under 2%. I have been using 1% over 50 pips as my default position size. I know I need to bust up my positions into pieces, but haven't been able to do it yet. I think once I have some success of seeing I can actually trade, I may feel more comfortable with this. I suck donkey D&#@ at adding, so its on the to do list. If only it were as easy as the almighty one makes it look
Re: Libertarians take on trading
When in doubt box it out.
- Libertarian
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Re: Libertarians take on trading
Speak of the devil
Im actually finding myself more partial to this...
Im actually finding myself more partial to this...
- Libertarian
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Re: Libertarians take on trading
Update, account is back to BE after this trade. Even got a hedge in
Now if only I can push my position up even higher.
BTW, these FX brokers are all crooks, the s**t they pull...
Now if only I can push my position up even higher.
BTW, these FX brokers are all crooks, the s**t they pull...
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Re: Libertarians take on trading
Libertarian wrote:Speak of the devil
Im actually finding myself more partial to this...
usdchfecn-h4-tallinex-limited.png
I forgot that I even designed that charting method
The M5 is probably a better place for it.
HERE IT IS.
- Libertarian
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Re: Libertarians take on trading
MightyOne wrote: The M5 is probably a better place for it.
Every frackin time I think I might know what I'm doing you gotta throw a comment in there that shatters that
Didn't TRO say price is the same on all TFs? Argh
Re: Libertarians take on trading
Libertarian wrote:MightyOne wrote: The M5 is probably a better place for it.
Every frackin time I think I might know what I'm doing you gotta throw a comment in there that shatters that
Didn't TRO say price is the same on all TFs? Argh
Point & Figure, Renko, Range Bars, Kagi; any chart that is formed with horizontal lines is using the "price is the same" idea.
If you simply drop lines on a chart then it is the spacing of the lines that determins the "time frame" or rather the length of time that it takes for price to traverse one line.
If you are using the HI/LO method then the time frame is a compression setting.
The 2xHA is more for simplifying short-term data.
It shows you two versions of the same period and one color can use the other, as if it were a squiggly, for the purpose of close overs.
- Libertarian
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Re: Libertarians take on trading
Finished the week up nicely. Account stands up 1% overall. Gotta get a bit more space and then start to push. Next week could shape up nice.
- Libertarian
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Re: Libertarians take on trading
This was a nice one, hopefully just a hedge.
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