along with that other loser i had the one off the yellow lines--managed to get out at -10
thoughts?-------or is it just S#%$ happens sometimes
![Very Happy :D](https://www.kreslik.com/forums/images/smilies/icon_biggrin.gif)
![Image](https://www.kreslik.com/forums/images_cache/i43.tinypic.com__35mnrpj.gif)
Moderator: moderators
es/pip wrote:all in all today made decent pips----- considering the market----------choppy
along with that other loser i had the one off the yellow lines--managed to get out at -10
thoughts?-------or is it just S#%$ happens sometimes![]()
MightyOne wrote:es/pip wrote:all in all today made decent pips----- considering the market----------choppy
along with that other loser i had the one off the yellow lines--managed to get out at -10
thoughts?-------or is it just S#%$ happens sometimes![]()
You have to realize that although you are referring to the candles you are trading the psychology that they induce.
There are 2 things that I value most when trading:
1. that price never close below my entry on my smallest time frame.
2. that my entry candle never closes opposite in color on the chart my analysis is pegged to.
I can't say that I did not learn a lot from reading NLA![]()
Absorb the market conditions and how you reacted with what happened and learn from your mistakes.
If you trade systematically day in and day out without change then you will eventually lose your edge.
+
Try scalping with stop reverse orders to offset losses.
Think about a 1/2 position reverse with 2/3 your stop trying to recover at least 1/2 your losses.
If you use experts then set an expert to manage your reverse only by changing the "manage long/short" option accordingly.