Me too.
In fact, every time I try to be disciplined and stick to a reasonable SL, I always end up moving it if its going to get hit.
I just can’t stand losing a trade.
Me too.
In fact, every time I try to be disciplined and stick to a reasonable SL, I always end up moving it if its going to get hit.
I just can’t stand losing a trade.
I use the H4 and D1 charts all the time, even if I only plan on being in the trade for 1 good candle.
I find the D1 is a great indicator of the real trend anyway. It gives me confidence that when price is going against me, its all going to be ok. I just have to wait it out.
I’m also using small lot sizes so I can have many trades open at any one time. That way, I can look to close a few that are in profit while waiting for the ones that are not in profit to get there. It makes the waiting much easier.
Is that a curse or “edge”. I’m thinking curse!
I’m on the wrong side of this. Got caught looking too long on a lower time frame with no stop. In hindsight, zooming out to the 1hr and 4hr and daily, I should have known better to short so close to the bottom of a channel I marked up, for one, but also went against the higher and medium trend trends. Didn’t wait for confirmation of the move. Man, so much wrong with that trade!
Ugh.
I’m sorry its going against you.
Do you ever close those trades quickly and then place a big trade in the other direction while the volume is still high?
I do it all the time when I make that same mistake and I usually recover my loss pretty quickly. Sometimes making a nice profit.
Hey, U/J looking better for you now!
Maybe not all is lost!
I’m in it on a weekly chart so its ok with me if it give you some profit before I get mine.
I am in following trades right now:(E-entry)
sell-AN-E-1.10202
Sell-AJ-E-100.087-in profit 7 pips
Sell-CJ-E-173.136-in profit-11 pips
All three above 200 EMA but other indicators pointing down.So in sells.
I do that often. Got caught away from the screen, missed my TP by 7, reversed at went 40 pips against me! It’s coming back down to my original entry, so I’m not too bothered.
Yes! Hit the middle of the range and is coming back down. I got lucky!
Nice.
Good work.
Are you going to close at the 200, or wait for opposing signal?
Lucky like a fox!
EURJPY hasn’t made it’s mind up. Ranging on the daily. If you’re willing to drop into the 4hr and below, there’s usually a trade or two hiding out.
I’m hoping for a push down to160
I entered based on WK1
Its near the bottom of the channel on my chart and has an uptrend, but no indicator signal to enter yet. It could be a week before I get one (assuming it goes up in the next few days).
I am targetting closest downside supports on weekly
Slightly above the 200 ma
Bam!
Closed out Gbp/Nzd long.
If it pulls back again, I’ll enter long again as there is a lot of room still for profits.
It’s always important to have a 20 ema and a 150 ema so you are always going direction of the big boys 20 ema above 150 ema is buy vice versa for sell . Wouldn’t be bad idea t add ichimoku indicator too - good luck
Good to see you Ausguyforex.
I recently posted the Master Trading strategy that uses the 150 and has the 6 and 25. Once the fast ones cross the 150, its an entry signal and if they stay over the 150 the trader is only looking for Buy signals. So yeah, I agree the 20 and 150 are pretty powerful tools.
I’m not sold on ichimoku, but I’ve never given it a test run, so maybe someday.
Anyway, I hope all is good with you and that you’ve been having a great year of trading.