prochargedmopar wrote:Why does this crap look so easy after the fact?
What the .... am I missing?
I'm growing more and more ANGRY each day.
Yeah, I WAITED. Watch hundreds of pips float in front of my eyes....hundreds upon hundreds.
I then enter.
The pissers went directly to my stop.
Yes, it was exactly the same triggers that I watched be successful over and over and over.
-14 and -14
You know what.....both the damn things ended up banking pips.
I got back in e/u (at a worse price mind you, and g/u I couldn't get close to my exit price) at double lot value and closed it out in 4 steps.
Then I fiddle around with a few trades that I don't get what I should.....I decide to hold to my stop, again......what do you know, the very next trade gets wacked!!! And I get a -2.3 trying to close it the wrong way.
FINALLY.
Get a trigger on g/u and scale out of it for some pips.
I was long E/U on one that went 14-5m frickin candles in a row with ONLY 2 reds mixed in. That's 65 pip rise....Scaling out I got 13 pips total...
#12
EUR/USD 1 S 1.47788 1.47744 4.4 0.44 0.00 10/8/2009 11:55 10/8/2009 12:05
#11
GBP/JPY 1 S 142.224 142.258 -3.4 -0.38 0.00 10/8/2009 11:55 10/8/2009 12:05
#10
GBP/USD 3 S 1.60931 1.60920 1.1 0.33 0.00 10/8/2009 11:43 10/8/2009 11:43
#9
Scaled into this one.....
GBP/USD 1 B 1.60989 1.61091 10.2 1.02 0.00 10/8/2009 11:19 10/8/2009 11:31
GBP/USD 1 B 1.60989 1.61040 5.1 0.51 0.00 10/8/2009 11:19 10/8/2009 11:30
GBP/USD 3 B 1.60989 1.61085 9.6 2.88 0.00 10/8/2009 11:19 10/8/2009 11:29
GBP/USD 1 B 1.60989 1.61085 9.6 0.96 0.00 10/8/2009 11:19 10/8/2009 11:29
#8
GBP/USD 3 S 1.60966 1.60989 -2.3 -0.69 0.00 10/8/2009 11:19 10/8/2009 11:19
GBP/USD 3 S 1.60842 1.60979 -13.7 -4.11 0.00 10/8/2009 11:15 10/8/2009 11:19
#7
EUR/USD 1 B 1.47359 1.47474 11.5 1.15 0.00 10/8/2009 10:15 10/8/2009 10:28
EUR/USD 1 B 1.47359 1.47395 3.6 0.36 0.00 10/8/2009 10:15 10/8/2009 10:26
EUR/USD 4 B 1.47359 1.47379 2 0.80 0.00 10/8/2009 10:15 10/8/2009 10:25
#6
EUR/USD 6 B 1.47289 1.47390 10.1 6.06 0.00 10/8/2009 10:10 10/8/2009 10:23
#5
EUR/USD 3 B 1.47407 1.47260 -14.7 -4.41 0.00 10/8/2009 10:00 10/8/2009 10:03
#4
GBP/USD 3 B 1.60632 1.60491 -14.1 -4.23 0.00 10/8/2009 10:00 10/8/2009 10:03
#3
EUR/USD 3 B 1.47417 1.47420 0.3 0.09 0.00 10/8/2009 09:42 10/8/2009 09:45
#2
EUR/JPY 2 B 130.532 130.571 3.9 0.88 0.00 10/8/2009 08:35 10/8/2009 08:36
#1
EUR/JPY 4 B 130.422 130.408 -1.4 -0.63 0.00 10/8/2009 07:53 10/8/2009 08:00
44 21.8 1.03 0.00
I made 61.5 pips on demo in 4 trades during London session.
3-1
PROFIT GAP!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!
If trading is not just as easy before the trade as it is after the trade then you do not have a solid plan of attack.
Even being discretionary, after comparing new information to the past, there is only one solution that I can trade.
Analysis is supposed to point you in the right direction and the right direction only has one arrow.
A solid plan of attack contains an exit strategy that makes sense when you look at the risk vs reward ratio or a strong technical reason that you are wrong (not the small jiggle of orders being filled).
You cannot protect open profit and expect to make a lot of money; either take a profit or take a loss.
You have to understand that you will be alright if you lose, but you will not be alright if you do not let your self win.
Success is a waiting game:
WAIT, take a trade, WAIT, reduce risk, WAIT, exit.
From the time you enter to the time you exit manually should not be less than 20 minutes.
If you are not in most of your trades for longer than 20 minutes then you are just trading scared and fear does not make money.