Oh aye, less haste more speed, I’ve learned the hard way, I think most of us have, you just have to wait for those Major SR levels, take my scenario from this morning, most of the analysis was incorrect, but since it was at a big levels there is the reaction there to get your 30 PIPS, that’s your wage, the rest is a bonus.
I know, easier said than done.
It’s all looking very bearish, but we still have the 1.3020 level to contend with.
I’m not sure to say well done, or you were bl00dy lucky for those that went short a little earlier at 1.3080ish, with the base rates, turtle soup at both ends of the Asian Range today, and you can’t really knock profits, and it’s all good learning experience, but not something to do with live money.
But see how the retrace hit exactly 1.3054, the OTE level, yes ICT, it is starting to look like Voodoo, damn cults
Cool, now you’re talking, when I started with ICT, I was trying to use VSA in it’s context, but you’ve got to kind of submit to the tools, it makes it easier, when you’re trading VSA you still tend to look for something rather than anticipate something, get what I mean? You look at a chart and you analyse as distribution or accumulation or whatever, but it tends to make you react to what you a re seeing, but when you focus on the levels and the fractals just like you’ve shown, you get less errors, you get to be right more of the time, you have more confidence in your SL’s etc etc, you know what I mean.
I still use the Volume indicator and I’ll keep an eye on VSA, but the foundation for any trade now, is ICT, Daily timeframe, and highs and low’s etc.
Those Asian high’s and lows feature so much, I prefer using them to pivots, they are real rather than implied.
Generally I agree about the ST and my comment was really nothing more than a bit of levity on the ECB press conference . However, Draghi comments like this are also about sentiment vis a vis long term rates policy in the Euro zone and as you can see now as EU breaks the 30 handle they are worth bearing in mind not just as a whipsaw catalysts but as a serious market movers.
I thought about this before entering, with the news on tap, did some research and noticed that the cuts have a low probability of coming out not as projected.
SM was also set up to start the selling pressure well before the news came out, looking suspicious. Price managed to make a close below yesterdays low, the stops were ran on the Asian lows first providing the momentum they needed for the move up. Their target was an extremely large pocket of orders at the 80 level. I was thinking, Why would SM get set up for profit release to the downside if they knew that news was going to cause them to go negative on their positions? I decided to jump on the train… not scared…
Pip hanger, if you dont want your 500£ then you might as well transfer it to me straight away if your going with this attitude,…
I started my live trading 3 weeks ago with only 150£, now my account has 260£. I try not to risk more than 2% and just use extremely tight SL. The point I am trying to make is, once you get confident in trading, you can always keep on adding money to ur trading account. If you know how to trade, it will not take you 50 years!
Everyone is being optimistic about you, how about you start to show some of that as well :57:
