Libertarians take on trading
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- Libertarian
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Re: Libertarians take on trading
In between the USDCHF trades above. Another loss.
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- Libertarian
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Re: Libertarians take on trading
This was another loss, but it was an extension of my previous couple of EN trades, so I was using previous space, which I suppose is true of any trade if you happen to get some, but it makes it easier to trust/believe when you put it back to work trying to catch a massive move.
This one was especially tough because I had loaded up my leverage and missed getting filled on the retrace by 7 pips on the EN, that would have been a massive (for me) account gain and that knowledge screwed with my head more then the loss did. It was just an extension of my bias at that time.
For clarification, this was the missed opportunity I mention. The one at the top was the actual trade and it was a loss.
- Libertarian
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Re: Libertarians take on trading
Here is a small little win. Probably should have attempted to grab the extreme in hindsight.
- Libertarian
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Re: Libertarians take on trading
This was a pure luck win, only reason I took profit was because I couldn't afford to lose more space after the 3 trades that had already gone against me shown before.
- Libertarian
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Re: Libertarians take on trading
Pure luck winner it appears. I don't remember what I was thinking.
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- Libertarian
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Re: Libertarians take on trading
Trying to get short. Eu had remained under my line. It had broken below a base and I thought price was zeroing folks out before the big ride lower. I was wrong. Space loss was small though. So I got that going for me
Re: Libertarians take on trading
Libertarian wrote:Pure luck winner it appears. I don't remember what I was thinking.
usdcadpro-h1-tradeking-forex-llc.png
There was a sell on the daily. I saw it on Tuesday. No luck, just ur skill
- Libertarian
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Re: Libertarians take on trading
Thought it was going to stay above my line, its closed below and I got out with a loss.
Re: Libertarians take on trading
Libertarian wrote:EJ 4 hr.png
Thought it was going to stay above my line, its closed below and I got out with a loss.
I had a buy winner, sell loser and other buy winner. I have seen the daily bars like a 1000 times before but cant recall what direction it ends up moving.
Weekly would still technical be down but we could also being support and it may take off up. Or it might tell be to shove off close lower and continue to drop. Gotta wai for some setup in one direction.
What was ur analysis based off of ?
- Libertarian
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Re: Libertarians take on trading
So here was my setup. I thought we were going to go back down and test the lows from May 6, still thought we were going to run the stops behind that daily+ extreme. So I saw price close above, then close back below my line.
On the 4 hour I saw a BDP over my line. I thought awesome. The smaller blue line was my "I'm wrong point"
Here was my first entry, it was overnight, so I missed the opportunity to hedge at the ZL of the up move, but I hedged a small profit because I thought it would make a higher high and wanted to reduce my risk to capture the extreme.
Here was the result of my trade. WRONG. The 4 hr closed over my line. I should have closed it there. I played it on the 15 min PA hoping it would come back because I thought I was onto something here, thats why the higher than the 4hr close exit.
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