scratty trading from $50

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scratty
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Postby scratty » Mon Feb 01, 2010 3:00 pm

GU Red Rat on M15 after News...
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IN-XS
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Postby IN-XS » Mon Feb 01, 2010 3:05 pm

I was going to take that trade scratty, but it is going against the 4H sema, so I thought I would stay out in case it goes up some more. Wish you luck!

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Postby scratty » Mon Feb 01, 2010 3:06 pm

ok i agree that i compensate my overtrading problem with "overposting" at the moment. But this is much cheaper ;-)
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Postby scratty » Mon Feb 01, 2010 3:11 pm

IN-XS wrote:I was going to take that trade scratty, but it is going against the 4H sema, so I thought I would stay out in case it goes up some more. Wish you luck!


Hi IN-XS

Thanks. H4 SEMA 3 is in places, thats true. But with my broker the H4 Momo is south...

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Postby IN-XS » Mon Feb 01, 2010 3:15 pm

The candle may be south, but the sema direction is still pointing up I would only hope for a quick scalp if anything on this trade.

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Postby scratty » Mon Feb 01, 2010 3:15 pm

IN-XS wrote:I was going to take that trade scratty, but it is going against the 4H sema, so I thought I would stay out in case it goes up some more. Wish you luck!


But i can not agree more with you. When there is something that is against the trade and you are not shure its always better to not take it! Thats what im triying to archive with my trading now! Pacience, Less trading, less stress, less loss!
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Postby IN-XS » Mon Feb 01, 2010 3:20 pm

Yeah same as me then! Patience and mentallity are the key to this game in my opinion. This sounds easy to apply, but from my own experience I have found this the most difficult thing to do.

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Postby scratty » Mon Feb 01, 2010 3:24 pm

Yes it is difficult. Thats why i try with this step by step program... The rules that force you to wait for a trade and then take small risk and doesn't allow overtrading are the most important in my case!
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Postby scratty » Mon Feb 01, 2010 3:38 pm

Trade GU wicked over my entry. SL wasnt hit (buhh)... now south with +35 Pips atm
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Postby scratty » Mon Feb 01, 2010 3:44 pm

dont like the fast momo up on M5... try to get out...
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