The idea's we trade by, so we never lose again. p2. The students become the masters
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Hum nice uptrend on 4hr (but bearish bars are starting to get pretty big compared to bullish bars). Then daily shows price was at a S/R and congestion area. Possible area for price to turn and continue down again? Dollar index just bounced at S/R. Guess we will just have to wait and see.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Had a pretty good week. Pretty much just trading GU and ES intraday now. Its kind of nice just concentrating on 2 pairs. Really has sharpened my trading skills, plus killing it on the scalping ES thanks to Lem. Also have really started using Doji box's on GU and has become a favorite of mine. Besides from that it's just trading S/R and pivots for the most part.
Simpler really is better.
Simpler really is better.
- LeMercenaire
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Mr. Hyde wrote:Hum nice uptrend on 4hr (but bearish bars are starting to get pretty big compared to bullish bars). Then daily shows price was at a S/R and congestion area. Possible area for price to turn and continue down again? Dollar index just bounced at S/R. Guess we will just have to wait and see.
Possible?
Re: The idea's we trade by, so we never lose again. p2. The students become the masters
LeMercenaire wrote:Mr. Hyde wrote:Hum nice uptrend on 4hr (but bearish bars are starting to get pretty big compared to bullish bars). Then daily shows price was at a S/R and congestion area. Possible area for price to turn and continue down again? Dollar index just bounced at S/R. Guess we will just have to wait and see.
Possible?
Inked2GBPUSDH4dropeg_LI.jpg
Funny you should mark lines there, as I had the same area already marked.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
LeMercenaire wrote:Mr. Hyde wrote:Hum nice uptrend on 4hr (but bearish bars are starting to get pretty big compared to bullish bars). Then daily shows price was at a S/R and congestion area. Possible area for price to turn and continue down again? Dollar index just bounced at S/R. Guess we will just have to wait and see.
Possible?
Inked2GBPUSDH4dropeg_LI.jpg
Haha. Looked liked that line worked perfect.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
had a retarded week. Trade the GU from the high of the week to the low and then from the low back up. Same with the ES and also the dollar index. Also scalped the hell out of the ES on Friday. The goals I set for myself at the beginning of this year have been met and exceeded. Having a plan and working it is the only way to achieve any success in trading. Hope everyone is doing well.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
servicestarter wrote:Mr. Hyde wrote:Mira wrote:
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.
losses are not ok! you need to choose better platform where are you doing it! i find out one where i earn money for a few months now
and it is really perfect! very fast payouts!
Obvisouly you don't know who I am. Im the king of taking losses on Kreslik. I probably take more losses then anyone while still being profitable. Ill post a chart anaylysis and price will do the complete opposite. Losses are very much ok, cuz my winners crush the loses. Ive seen Lem win 19 out of 20 trades and the one loss he hedged and won that. Dragon won over a hundred wins in a row. Besides from those two are pretty sure everyone takes losses on this site that is profitable. I happily show my losses. I only win about 3 out of five trades and even less when im swing for the fences and trading long term with super small sl (think 20-30 pip stop but winning 1,000+ pips). Im glad you don't take any losses. lets see some chart porn. U show me yours Ill show you mine
Re: The idea's we trade by, so we never lose again. p2. The students become the masters
ill go first. Just look at GC. You couldn't ask for a more picture freakin perfect example of Elliot wave. You got the waves inside of the waves. the reversal head and shoulder pattern for the abc retracement on wave 2. Price reacting at support. Wave four might continue to retace to .7175 and that will make the a and c wave equal. but im in with a 30 pip sl and will renter if needed. first tp is 400 pips, second is 900 pips for a nice 30 to 1 RR
Nice play on the ej weekly chart. 5 waves then trendline break and retest. possible 1,000 to 1,500 pip gain.
Made over 2,000 pips last month just off of the pound and euro. but I always get in way to early on reversals and suck at middle of the trend plays. so I take loss after loss. but once I find that perfect setup and lean into it so hard I could care less.
Alright I showed you mine, now lets see yours
Nice play on the ej weekly chart. 5 waves then trendline break and retest. possible 1,000 to 1,500 pip gain.
Made over 2,000 pips last month just off of the pound and euro. but I always get in way to early on reversals and suck at middle of the trend plays. so I take loss after loss. but once I find that perfect setup and lean into it so hard I could care less.
Alright I showed you mine, now lets see yours
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- EURJPYDaily.png1.png (65.71 KiB) Viewed 2019 times
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Head and shoulders, support break and retest. Live trade. Looking for a sell
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Everyone knows I love rectangles. So I was looking for a long if it breaks the high. looking for a 400 pip move off it. Otherwise im short.
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