The idea's we trade by, so we never lose again. p2. The students become the masters

[Mr. Hyde]

Just simple price at an extreme and exit at the zline. Could have been a 1hr rat trade to.

[Mira]

Just simple price at an extreme and exit at the zline. Could have been a 1hr rat trade to.

[Mr. Hyde]

Just simple price at an extreme and exit at the zline. Could have been a 1hr rat trade to.

What do the faces mean

[Mira]

Just simple price at an extreme and exit at the zline. Could have been a 1hr rat trade to.

What do the faces mean

lol sorry..

i mean.. how do you trade it? How can it be so precise and i still CAN'T see it?

[Mr. Hyde]

What do the faces mean

lol sorry..

i mean.. how do you trade it? How can it be so precise and i still CAN'T see it?

This trade was more or less just TRO's red rat trade. I was already looking for shorts and this just gave me a reason to get short. Had I been awake and looking at the 15m chart, there is a loss I would have taken in London (but I had fallen asleep). Then the exit was at 1.5975 which was a few pips in front of the zline. I rather get out a few pips earlier at 0 or a 5 then try to milk it to the exact line and then have price spike up and take away my profit.

Its all part of my trade plan. I approach my trading like a casino owner. I have no idea what trades are going to be winners or losers, but I know that over the long haul I will make money because I have an edge and hard and fast rules in place to make sure I keep that edge,

[Mr. Hyde]

What do the faces mean

lol sorry..

i mean.. how do you trade it? How can it be so precise and i still CAN'T see it?

This trade was more or less just TRO's red rat trade. I was already looking for shorts and this just gave me a reason to get short. Had I been awake and looking at the 15m chart, there is a loss I would have taken in London (but I had fallen asleep). Then the exit was at 1.5975 which was a few pips in front of the zline. I rather get out a few pips earlier at 0 or a 5 then try to milk it to the exact line and then have price spike up and take away my profit.

Its all part of my trade plan. I approach my trading like a casino owner. I have no idea what trades are going to be winners or losers, but I know that over the long haul I will make money because I have an edge and hard and fast rules in place to make sure I keep that edge,

Don't concentrate so much on the actual trade or trade setup Mira, Im just posting this to show that here is another setup that is part of my trading plan. I have talked about it recently, its the 3 bar reversal.

I'm just pointing out that you should have written down what and how your going to trade. And you can use if then's or different rules for different versions of the setup, but the basic idea is to know what your going to do before price even does it. Just react don't think. Once you can do this and make a profit then take it to the next step and be more fluid with your trades if you want and can (I still can't).

eurjpy-d1-fx-choice-limited.png (35.55 KiB) Viewed 2101 times

Look at my post from last night talking about the triangle on GJ. I posted it before it broke out cuz I knew I was going to trade it win, loss or BE cuz it was part of my trade plan. I think triangles have about a 60-70% win rate. But when I trade them they almost always offer a better then 2 to 1 RR so the wins more then make up for the losses.

[Mr. Hyde]

This chart is perfect to show what Im talking about. 3 triangle formations, I won 2 of them and took a BE on the 3rd according to my trading plan.

[Mr. Hyde]

This is after the fact, but like what I see. Red box marks the previous daily candle's body. Then you had a supply zone on the 1hr in the DWZ and if you dropped down to the 15m you still had another zone. I have no experience in either of these idea's, but was curious and just looking at it at the moment. Feel free to comment.

eurjpy-h1-fx-choice-limited.png (39.52 KiB) Viewed 2097 times

eurjpy-m15-fx-choice-limited.png (51.74 KiB) Viewed 2097 times

[Mira]

lol sorry..

i mean.. how do you trade it? How can it be so precise and i still CAN'T see it?

This trade was more or less just TRO's red rat trade. I was already looking for shorts and this just gave me a reason to get short. Had I been awake and looking at the 15m chart, there is a loss I would have taken in London (but I had fallen asleep). Then the exit was at 1.5975 which was a few pips in front of the zline. I rather get out a few pips earlier at 0 or a 5 then try to milk it to the exact line and then have price spike up and take away my profit.

Its all part of my trade plan. I approach my trading like a casino owner. I have no idea what trades are going to be winners or losers, but I know that over the long haul I will make money because I have an edge and hard and fast rules in place to make sure I keep that edge,

Don't concentrate so much on the actual trade or trade setup Mira, Im just posting this to show that here is another setup that is part of my trading plan. I have talked about it recently, its the 3 bar reversal.

I'm just pointing out that you should have written down what and how your going to trade. And you can use if then's or different rules for different versions of the setup, but the basic idea is to know what your going to do before price even does it. Just react don't think. Once you can do this and make a profit then take it to the next step and be more fluid with your trades if you want and can (I still can't).

eurjpy-d1-fx-choice-limited.png

Look at my post from last night talking about the triangle on GJ. I posted it before it broke out cuz I knew I was going to trade it win, loss or BE cuz it was part of my trade plan. I think triangles have about a 60-70% win rate. But when I trade them they almost always offer a better then 2 to 1 RR so the wins more then make up for the losses.

If i’m understanding right it’s obvious why I’m failing to stay in profit: I'm a REAL BAD planner in my life.
I’m not talking about trading, i have many ideas but I can’t organise them.. and I don’t want to say a word about my lack in focus

What I’m going to do now is trying to clear my mind and start again from the beginning, with a trading plan and an updated journal.
I want to see how many losses come from the mistakes that I make (based on the trading plan) and how many from the market.

Thank you Mr. Hyde!

[Mr. Hyde]

This trade was more or less just TRO's red rat trade. I was already looking for shorts and this just gave me a reason to get short. Had I been awake and looking at the 15m chart, there is a loss I would have taken in London (but I had fallen asleep). Then the exit was at 1.5975 which was a few pips in front of the zline. I rather get out a few pips earlier at 0 or a 5 then try to milk it to the exact line and then have price spike up and take away my profit.

Its all part of my trade plan. I approach my trading like a casino owner. I have no idea what trades are going to be winners or losers, but I know that over the long haul I will make money because I have an edge and hard and fast rules in place to make sure I keep that edge,

Don't concentrate so much on the actual trade or trade setup Mira, Im just posting this to show that here is another setup that is part of my trading plan. I have talked about it recently, its the 3 bar reversal.

I'm just pointing out that you should have written down what and how your going to trade. And you can use if then's or different rules for different versions of the setup, but the basic idea is to know what your going to do before price even does it. Just react don't think. Once you can do this and make a profit then take it to the next step and be more fluid with your trades if you want and can (I still can't).

eurjpy-d1-fx-choice-limited.png

Look at my post from last night talking about the triangle on GJ. I posted it before it broke out cuz I knew I was going to trade it win, loss or BE cuz it was part of my trade plan. I think triangles have about a 60-70% win rate. But when I trade them they almost always offer a better then 2 to 1 RR so the wins more then make up for the losses.

If i’m understanding right it’s obvious why I’m failing to stay in profit: I'm a REAL BAD planner in my life.
I’m not talking about trading, i have many ideas but I can’t organise them.. and I don’t want to say a word about my lack in focus

What I’m going to do now is trying to clear my mind and start again from the beginning, with a trading plan and an updated journal.
I want to see how many losses come from the mistakes that I make (based on the trading plan) and how many from the market.

Thank you Mr. Hyde!

losses are ok, if they are caused by following your plan. Its the losses you take not following your plan that are not allowed. Even tho I took those couple of losses last week on GU, I was ok with them because they followed my plan. Had they worked I would have been posting about the wins instead and some member that's lurking would think to himself that they only worked after the fact of some bs.

Journal everyday and every trade. Take screenshots and mark what you were thinking before the trade, during and after. I have a rule that if I don't record a trade then I cant trade for a day. Its as simple as that. You have to make rules and punishments for them to make yourself accountable.