What Really Turned My Trading Around

[colmex]

Well guys I made two pretty awesome trades last night, I bought audsd and bought eur usd. I got around 60 pips off the aud usd and around 80 pips of the eur usd. Right now i'm trying to decide wether to hold on to it or close the trades. I think I'm gonna hold on to them for a bit longer and just put 30 pip trailing stops on them and maybe a take profit at the resistance level/top of the channel.

[Ronny010]

well dear i was not aware of this but thanks for sharing

[shahrin]

If we were to apply this to the eu trade yesterday, we should have been banked in 100++ pips..but I haven't..

[colmex]

I DID
well I got around 80 pips :P lol
This stuff is pretty awesome I gotta say, It does take a lot of patience though, like right now I know theres nothing like the eur/usd is in a bit of retracement, and I think it it is gonna retrace a bit more, maybe around another 30-40 pips but after that its gonna go up again, if it doesnt break past the bottom half of the channel. but then after that its gonna go up
BUT like I wanna do a trade right now but I know I should wait until theres better signals, so yeah this system has a lot of like self-control involved in it haha cause I want there subconciously to there be a trade, and its good I realize that cause then I make sure I dont force the charts to show me something that I want to see as opposed to what they're trying to show me :P

[Relativity]

OKOK HOLD IT RIGHT THERE EVERYONE.

After 2 days of thinking and a great CNY, I realised more problems.

You guys will hate this, but I want to go back to the fundamentals again.

The issue is context. I found it so easy to teach you guys the mechcanical and technical side of things. But to teach context.... like the 'trading sense' thing. Argg. Now I know why my friend playing poker professionally quit teaching newbies.

How to teach context. I found out that from this point, we already have more than enough 'base' material to work off. The only problem is when applying, it must be always done in context. This means showing my chart using video and audio (screenshots are just way way way too tedious)

Here's my final verdict. I will not post here anymore unless there is more material to post up.

[Relativity]

I DID
well I got around 80 pips :P lol
This stuff is pretty awesome I gotta say, It does take a lot of patience though, like right now I know theres nothing like the eur/usd is in a bit of retracement, and I think it it is gonna retrace a bit more, maybe around another 30-40 pips but after that its gonna go up again, if it doesnt break past the bottom half of the channel. but then after that its gonna go up
BUT like I wanna do a trade right now but I know I should wait until theres better signals, so yeah this system has a lot of like self-control involved in it haha cause I want there subconciously to there be a trade, and its good I realize that cause then I make sure I dont force the charts to show me something that I want to see as opposed to what they're trying to show me :P

Yup. That self control part is what I am talking about. To teach someone that = arggg.

[Relativity]

Don't think the answer is 20 to 25 box.... And, if we stay with the trend, maybe wins are far more than losses. The real prblem is SL.... Unfortunately, the Brokers & the Big Boys knows were SL are...... and play the game taking it all.....
Maybe we should reconsider with Relativity this point.....

If a trader is wrong about direction, then he is wrong. Nothing else will change that, not even opening up SL more.

[Aztrader2]

It is not so encouraging to know that we are back to the starting point, after more than a month spent in learning all these new things.

There must be something confusing us, something we miss.... or, Me at least.....

E.g..... When a LRg channel is broken (daily) trend is over.... Many time was so...others not (e.g: yesterdays EU)
E.g..... 20 pips rule: sometime works, other not...regardless of the context.....
E.G. (Quote Relativity): Once you know that (What....?) is easy to trade both ways......


What is context...? Monthly, Weekly, 5H general directions? >400 pips up in a descending weekly channel what is? Isn't enough to catch some pips for us? This time it went almost straight on....took 4 days to print a down 5H leg of Barros.... but started below GMMAs, after breaking the last Daily swing low...

So, context is very hard to define....

I know teching is one of the hardest thing to do...but togheter (with this bunch of brilliant minds here ) we should be able to get something more from all this knoweledge base.

Don't you think so CF?
I can't still be here wandering in the dark, each time confuse and unsure about what to do (funny is we have only 2 choices.... up or down.....)

As soon as I believe to have understood something... thinghs goes in the opposite way...
Sometime is: ok guy you made it right, but the market changed it's way..
Sometime is the context: you didn't understood the context
Sometime price bounces off GMMAs, in the direction of previous trend (channel), makes 20 pips retrace from daily low and I say: Ok this time is the good one..... I press the button.... and then my SL is hit... maybe 2 pips, or 10.... who cares at that point? I don't take the next one (because I'm scared, or because I'm not @ screen) and price moves straight 100 pips without a retrace.... F... it!!!


I'm very discouraged today..... but as I said when thread started, I feel here is the right way. So, let's keep the work goin' on.... And start once more from scratch.....
But, as the piano player sang in Humprey Bogart's movie CASABLANCA.... "Time goes by......."

[Relativity]

It is not so encouraging to know that we are back to the starting point, after more than a month spent in learning all these new things.

There must be something confusing us, something we miss.... or, Me at least.....

E.g..... When a LRg channel is broken (daily) trend is over.... Many time was so...others not (e.g: yesterdays EU)
E.g..... 20 pips rule: sometime works, other not...regardless of the context.....
E.G. (Quote Relativity): Once you know that (What....?) is easy to trade both ways......


What is context...? Monthly, Weekly, 5H general directions? >400 pips up in a descending weekly channel what is? Isn't enough to catch some pips for us? This time it went almost straight on....took 4 days to print a down 5H leg of Barros.... but started below GMMAs, after breaking the last Daily swing low...

So, context is very hard to define....

I know teching is one of the hardest thing to do...but togheter (with this bunch of brilliant minds here ) we should be able to get something more from all this knoweledge base.

Don't you think so CF?
I can't still be here wandering in the dark, each time confuse and unsure about what to do (funny is we have only 2 choices.... up or down.....)

As soon as I believe to have understood something... thinghs goes in the opposite way...
Sometime is: ok guy you made it right, but the market changed it's way..
Sometime is the context: you didn't understood the context
Sometime price bounces off GMMAs, in the direction of previous trend (channel), makes 20 pips retrace from daily low and I say: Ok this time is the good one..... I press the button.... and then my SL is hit... maybe 2 pips, or 10.... who cares at that point? I don't take the next one (because I'm scared, or because I'm not @ screen) and price moves straight 100 pips without a retrace.... F... it!!!


I'm very discouraged today..... but as I said when thread started, I feel here is the right way. So, let's keep the work goin' on.... And start once more from scratch.....
But, as the piano player sang in Humprey Bogart's movie CASABLANCA.... "Time goes by......."

Please really don't call me CF or whatver. I can't be responsible for your trading since the word CF is reserved for that.

The videos are uploading now. Thats the furthest I can go about explaining... really.

[shahrin]

Learning is an endless process...lets just go ahead improving and exploring. Whatever it takes, life has to go on..