lukx zline trading log + cfabian p.35 + adaseb p.48
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cfabian wrote:Thanks espip,
The desire and efforts are there. All things around trading are in fit with my personality. I've spent much more hours on this than my actual Masters degree. I do want this and will continue working on it. But definitely when you don't see the light at the end of the tunnel, puts you in a really tough position.
So by now I still have to postpone that golf with you in the Bahamas
Question: When you enter a position you do so so during the retrace, or wait for a breakout of a candle to confirm direction?es/pip wrote:cfabian wrote:Well, it's been a terrible week for me. This is my only trade from today, and it was loser. Was following the up momo from 2 days ago, price reacted at my marked area where I looked for a retracement and followed with my long entry at the breakout of a candle. I could only see +5 in that trade. Didn't move my SL for obvious reasons.
My encouragement for trading has been diminished for obvious reasons. Sick and tired about my results. Don't know what else to do. Probably this thing is definitely not for me... who knowns!!!
i was not looking at the same thing that you were looking at and for slightly different reasons i was trading that area as well
that was a little tricky and i got caught for -6 and -10, and then finally caught some on the way up and then short back down
tricky area----
it found some support at the yellow line then the previous support became resistance--red lines--- right where you bought into it.
trading is not for everyone, but i say dont give up.
in order to make it you have to keep on pushing through the hard times. The desire to make it has to be in your blood---- you have to want it no matter what.
it took me many years to get to where i am at
its hard to explain
every time it is different
i just watch the PA on smaller time frames into the larger(areas) i am watching and make decisions off what is happening. sometimes it is a reversal candle i get in on, sometimes i get a 1/4 1/4 1/4 1/4 position, sometimes it is a little 123 up down and down fails and buy back into the up-- a mini HL or LH if you will. sometimes i just get in all at once.
its just watching where the market has been/ what it just tested, and if that area holds where is it going to test next---- then trading according to what happens based off where it looks to be going after it holds
cant really explain it
Bend over and assume the position for another 4 years of hope and change.
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Humble wrote:Good to see you posting again dragon. Hope all is working out for the better in your personal life.
Wow, MO es/pip and dragon all back posting again. Just like old times.
It is really not even worth posting it is so damn easy.
1. use 8 to 1 leverage
2. make about 265 pips per month (~13pips per day) and add a zero to your account every year.
Everyone has at least 10 chances at minimum to make that in a months time.
You don't need to kill yourself every day trying to make a profit.
Just 1 to 3 good runs per month and your are golden.
Don't be that guy a year from now still trying to figure things out.
MightyOne wrote:Humble wrote:Good to see you posting again dragon. Hope all is working out for the better in your personal life.
Wow, MO es/pip and dragon all back posting again. Just like old times.
It is really not even worth posting it is so damn easy.
1. use 8 to 1 leverage
2. make about 265 pips per month (~13pips per day) and add a zero to your account every year.
Everyone has at least 10 chances at minimum to make that in a months time.
You don't need to kill yourself every day trying to make a profit.
Just 1 to 3 good runs per month and your are golden.
Don't be that guy a year from now still trying to figure things out.
Wonderful advise, appreciate you. Thanks,
"The simplicity of the markets is it's greatest disguise"
T
T
adaseb wrote:dragon33 wrote:
Hey I was just wondering if you can explain why you entered there?
Did you enter based off this H4 MZ?
The check marks are your entries.
Adaseb, the white line on my chart is the daily zeroline. In the first entry price hit the the H4 zeroline. I was trying to catch the BO overthere but with NFP in front it is risky to make big runs.
After NFP price hit the dailyzero. Look to the massive wick, custom candle don't close lower as previous extreme and if visualise the wick as being green momo then you have your go. Nothing more. Trading is sometimes more then just a system!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
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Hi Dragon, nice trading as always. I am still trading your method and really enjoy it. I can see why those trades were taken. A quick question though, do you now use 45M custom candle instead of 1H and if so do you apply the same rules as before i.e (always trade in the direction of the 1H, or in this case 45M). And overall do you find it better? Thanks for all your help in the past by the way!
That was some compliment from MightyOne, but I beleive the same as he does!
That was some compliment from MightyOne, but I beleive the same as he does!
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