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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 22 2012 at 12:54
I keep trading as I mentioned below and traded price actions not the patterns and has %7 DD in minutes.
this is the difference between price actions and patterns. I will recover from here with patterns. I am trading like that due I want to train my self to recover. nordic_ posted: this was a big war between buyers and seller. and sellers won. I can post here many 1min chart screen shots how war was wild, long and painful. I had %1.166 today. if I would trade live I would stop. but on demo I will keep trading Trade the Trend Defend to Price |
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Member Since Jan 14, 2010 2186 posts
Chikot
Feb 22 2012 at 14:35
Steve, considering your small target of 5 pips what's matter for you if GU break to downside or not? consolidation must be your bread and butter.
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 22 2012 at 15:13
when you trade 1min chart with 5 pip target you can understand what I mean.
Trade the Trend Defend to Price |
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Member Since Jan 14, 2010 2186 posts
Chikot
Feb 22 2012 at 15:29
No, my spread is 5 pips. I am looking for more pips obviously. must overcome the spread.
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 22 2012 at 16:00
(edited Feb 22 2012 at 16:00 )
sure you can not trade with 5 pip spread. I mean there is no difference between 1min chart and 1 Hr chart. only speed is different.
Trade the Trend Defend to Price |
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 22 2012 at 18:55
as I had mentioned below. I kept trading and traded different patterns and price actions. Lost down to -%11 ( totally -%15 from where I was ).
now again started to trade only patterns with tighter SL/exit level. currently I am up to -%7.80 ( 2.20 recovered ) if I can recover from here and got up then will start trading live again. also then I will share why I tested this action. I guess I had an idea why traders making mistakes in winning periods and start loosing. nordic_ posted: this was a big war between buyers and seller. and sellers won. I can post here many 1min chart screen shots how war was wild, long and painful. I had %1.166 today. if I would trade live I would stop. but on demo I will keep trading Trade the Trend Defend to Price |
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 23 2012 at 13:51
(edited Feb 23 2012 at 13:51 )
Ok. I got up to -%6.65 ( daily +%1.20 ). then keep trading and start to make mistakes.
I should find why I start making mistakes after daily %1-1.5 level break. Trade the Trend Defend to Price |
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 23 2012 at 13:59
I also improve the RR ratio to 1:1.20
it is almost 1:1 which is great. But I should find the mental reason of why I start making mistakes after certain profit level. actually I am not looking for daily %5 %10. that is not the point the point is why I change my trading desecions after some point of level???? Trade the Trend Defend to Price |
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 23 2012 at 14:18
what I noticed is ( thanks to MFB ) price actions catch me when US open hours. and I enter the trades that I must not enter.
Trade the Trend Defend to Price |
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 23 2012 at 14:21
another fault is, when I guess the price move and if it goes as I had predict and when if I did not take that trade, I took the next move no matter what even if I know that it will fail and after I see I made a mistake I dont exit and insist on stay in trade most probably until SL hit.
Trade the Trend Defend to Price |
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