The ideas that I trade by:
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- xXx
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MO what would you do if you have got 4 arrows signaling to short and then candles closing against you?
As far as I was looking at the chart price could not go any higher...
The second red candle after 4 arrows closed lower than something.
What am I missing here?
(Eventually it went lower but... if there are candles closing against me should not I get out?)
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- bredin
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xXx..
how many down bars close ABOVE that line of arrows?
G.
how many down bars close ABOVE that line of arrows?
G.
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- Jalarupa
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xXx wrote:Bredin quite few but... how long do you have to wait into going short when MO had shown a similar situation...
Well that depends on your space... you could get short very early and wait until the market does what it should do according to your analysis...
In my case I work, so I'm in early with a low risk high probability trade at say 90 pips space...
Price went against me 40 pips on Monday and now profited over 100... Time doesn't matter... Just watch your closes over a line and assimilate if price action is gonna play ball... it usually does...
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- xXx
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And I have cleared my account
It was just GBP 200 this time but still again I have lost it...
I was trading GBP 0.63/pip. I know that that I was risking to much.
One of my mistakes was adding to a losing position(s) but on the other hand adding gives you opportunity to buy at better price.
Any comments what I have done wrong?
As far as Im concern the last entry around 1.3171 was perfect because it was ZL after MOMO. Than the big green candle going up...
When should I get out if the price went against me in the first entry?
When should I go long?
When do you know it is the time to go long?
I so f-ing confused...
HELP!
It was just GBP 200 this time but still again I have lost it...
I was trading GBP 0.63/pip. I know that that I was risking to much.
One of my mistakes was adding to a losing position(s) but on the other hand adding gives you opportunity to buy at better price.
Any comments what I have done wrong?
As far as Im concern the last entry around 1.3171 was perfect because it was ZL after MOMO. Than the big green candle going up...
When should I get out if the price went against me in the first entry?
When should I go long?
When do you know it is the time to go long?
I so f-ing confused...
HELP!
- Jalarupa
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xXx wrote:And I have cleared my account
It was just GBP 200 this time but still again I have lost it...
I was trading GBP 0.63/pip. I know that that I was risking to much.
One of my mistakes was adding to a losing position(s) but on the other hand adding gives you opportunity to buy at better price.
Any comments what I have done wrong?
As far as Im concern the last entry around 1.3171 was perfect because it was ZL after MOMO. Than the big green candle going up...
When should I get out if the price went against me in the first entry?
When should I go long?
When do you know it is the time to go long?
I so f-ing confused...
HELP!
"I was trading GBP 0.63/pip. I know that that I was risking to much."
WAAAAAY TOO MUCH!!! You should at best be trading 0.2 (AT BEST) that gives you about 40 - 45 pips space at 5% risk.... 5% RISK...
What you are doing when you are trading such high leverage on such a small account is putting yourself at risk when the trade doesn't go your way... and hence why when you add to a losing position this risk get compounded and then*poof* no more piggies in the banks...
MO Preaches survivability and what you are doing here firstly by grossly over exposing yourself and adding to losing positions is what will keep you from saving your 200 bucks from becoming a margin call...
If you going to add to a position or... get a better price... rather do so by shedding lots sizes... or if you trading with 0.2 lots then close your loss at say 15-20pips and then enter 0.2 lots again when price offers you a no brainer... that way if you still wrong you still got 25 pips or so until you wiped your 5% outa your account... don't compound your problens by making 0.4 at 45pips in the red cause then you down double...
"When should I go long?"
AFTER you get confirmation from the daily or weekly chart that trend is changing in the macro sense... then by all means start buying... but if you gonna buy will nilly i'd say trade off the pullback to daily weekly monthly opens on a New York Timed account... then you can trade the Daily Bias (which is another no brainer) I mean look at the EURUSD today... easy money... for those with patience...
Have a look at the analysis I did for the EURUSD this week and see if you are doing something simular... then after you have done all the analysis and you can trade in sensible leverage... then you can win... and keep winning, and if you lose then well, you are able to fight another day...
- bredin
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xXx wrote:Bredin quite few but... how long do you have to wait into going short when MO had shown a similar situation...MightyOne wrote:
Incorrect. Look again.
edit: I need to be less terse.
after your line of arrows there is one (1) down bar that closes above the line. And it is immediatly invalidated by the next down bar.
Do you see that R never became S?
Price is not closing above something, it is closing below something, and that something is a D+ extreme.... use large space throw a short at it... if R->S, then you can go long.
G.
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