free & uncensored discussion arena for TheRumpledOne
es/pip wrote:aj you short that eu
had the momo and then the shoulder m5 i missed it due to gu
pretty easy 14 into that low
i didn't get the entry i wanted...i'm way above my goal for the day so just gonna wait and see if I can get an entry that has a lot of profit margin in it otherwise I'm done for the week
es/pip wrote:i am done too
i feel sorry for the people that took the opposite sides of my trades this week
i am sure i will get over it though
PS. Forum was scalping with activity today (Dry Jokes 101).
Today was a great day but I wanst able to post because of errors SO to prevent myself from beeing whiny bitch in the future Id like to suggest creating paltalk room for people from this thread. Anyone after?
PS2. We can call it "fifty percent club" for ES ; D
newscalper wrote:es/pip wrote:newscalper wrote:One thing that's been bugging me - why are a lot of people moving stops to break even when they are trading a method which is predicated on taking out stops which have been moved to break even?
i move stops to be ( when scalping) when i am close to my entry and the PA is not agreeing with what i am doing/thinking---- or below piviots which happen to be close to my entries at -1 or -2
i do not move stops to be after a trade goes my way ---- i take the profit
there is a difference
I see. So for example, if you're managing the trade on 5 min and you're up a few pips but a 5 min bar closes against you (but you're still up a couple of pips), you move the stop to b/e?
its hard to explain
i dont do anything the same any of the time
i dont have any set rule about anything
i dont let things close against me i just get out if i do not like it
like, lets say i have a m5 momo i short, i am looking for +20 into the s/r target. It goes down 5 or 6 and starts to pullback in, i am looking at the m1 and how they are forming and where the supply/demand s/r is on the m1. if i have a momo or s/d that it is coming back into i let it spike into it first and if it doesnt roll i just close it or pull stop in above a bars high.
if it does go and say my tp is 20 and it goes 10, i am watching how it went that 10. did it come into any s/d and how did the bars form on the way if it didnt make any new s/r or momo i will prob just bail when it stalls. where is it stalling? if it is into an extreme i will just take my +8 9 10 6 5 4 or whatever. if it creates s/r s/d or momo i will use that to maybe hold it against the pullback
i really cant explain it, it is just different every single time
maybe AJ can explain it as he seems to do the same thing
Bend over and assume the position for another 4 years of hope and change.