Hello
here is my fast trade:
+couple pips:P
I had one mistake: I didn't look at smaller TF for entry - I know its my bad, but trade was profitable:)
entry on 95.65, exit on 95.78. When I start on real acc then I need only 50 pips/day:) I think I can do that:)
Thanks:)
Never Lose Again
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Shadik wrote:es, I see that you prefer trade on 5m chart - before you start trading on that chart you looking for ZL on higher chart?
i really don't prefer the 5 min those trades just happened to setup on the 5 i flip thru all the time frames real quick and get an idea of where we are and where we could go and then i trade off what i see
i will enter off the 5 or 15m time frames when trading 30-4hr chart setups
if i see something on the 5 i will trade that-----but as always the higher time frame dominates the lower
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es/pip wrote:
doesn't happen that often, but i take a good rodgering every so often
i dont see anything wrong with this setup s&^% happens sometimes
Don't forget to check higher time frames:
Do you see how after the highest high (for the short) there is a pullback to the zone on the 15 followed by an increase in momentum on the 5 heading south? That is the kind of thing you want to see when trading small time frame charts.
Shadik wrote:Hello
here is my fast trade:
+couple pips:P
I had one mistake: I didn't look at smaller TF for entry - I know its my bad, but trade was profitable:)
entry on 95.65, exit on 95.78. When I start on real acc then I need only 50 pips/day:) I think I can do that:)
Thanks:)
nice trade
like MO said
don't set a goal of x pips or x $$
the market could care less what your goals are------
pip and $$$ goals create unneeded emotions--- and a big part of this game is emotions. we want to eliminate emotions as traders not create more of them
when u have a goal on the line each day that sets up your mind to trade around your goals
ie
lets say you lose 20 pips on your first trade---now your mind automatically says i need to make 70 pips to make my goal and that adds stress and emotions to your trade decisions.
if you make 30 pips on your first trade--- your mind is thinking only 20 more to go, and then you lose 20 on the next trade----now you are flooded with emotions----- i only needed 20 more pips now i need 40 more, damn that is twice as much as i was just at
etc etc
trade what you see don't trade a goal
just my opinion
MightyOne wrote:es/pip wrote:
doesn't happen that often, but i take a good rodgering every so often
i dont see anything wrong with this setup s&^% happens sometimes
Don't forget to check higher time frames:
Do you see how after the highest high (for the short) there is a pullback to the zone on the 15 followed by an increase in momentum on the 5 heading south? That is the kind of thing you want to see when trading small time frame charts.
thanks
i see what your saying for some reason i didn't see that when i was entering on that one
i see it now though
thanks
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