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forex_trader_66024
Member Since Feb 16, 2012
83 posts
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.
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
Member Since Jan 14, 2010
2279 posts
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.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 22, 2012 at 15:13
when you trade 1min chart with 5 pip target you can understand what I mean.
Member Since Jan 14, 2010
2279 posts
Feb 22, 2012 at 15:29
No, my spread is 5 pips. I am looking for more pips obviously. must overcome the spread.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
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.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
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.
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
forex_trader_66024
Member Since Feb 16, 2012
83 posts
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.
I should find why I start making mistakes after daily %1-1.5 level break.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
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????
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????
forex_trader_66024
Member Since Feb 16, 2012
83 posts
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.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
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.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 23, 2012 at 14:24
I may punishing myself with the looser one that I did not take the winner???????????
nordic_ posted:
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.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 23, 2012 at 15:28
regarding to my trading hours, most of the time I make profit before US open and when US open I cought by the price actions and open wrong trades. I think this is the main issue for me currently. first I must stop that mentally then will go back to live.
not trading at US hours is not an option. I must fix the mental error, stop trading US hours is only will hide it.
not trading at US hours is not an option. I must fix the mental error, stop trading US hours is only will hide it.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 13:14
before US session I am up to %0.58 today. I am clean no Drugs(GRID)!
if it would be live I would NOT stop. I will keep trading US and want to break that mental limit.
if it would be live I would NOT stop. I will keep trading US and want to break that mental limit.
nordic_ posted:
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.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 14:54
today I had %2.50 including some US session.( I am counting 0.01 Lot trade 0.10 I had a I loaded wrong template if not %2.00 )
I stop here. it is good to have some positive trades in US session. I guess I understand the reasons. I will post it later.
stop.
I stop here. it is good to have some positive trades in US session. I guess I understand the reasons. I will post it later.
stop.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 15:10
reasons
- after some hours I lost the focus. I need to leave trading for some minutes after every trade. this reset mind.
- most probably I start US session with profit and this make me over trusted.
- If I stop trading in mind and then start trading after that desecion again I make huge mistakes.
- due to start US session in profit(most probably) I start saying "try this" instead of "xxxx pattern" and after entering that "try" when trade goes against me I got angry and wait until SL.(SUICIDE)
So my desecion is I will stop trading and shut down machine after having a reasonable profit/loss.
as you can see from the account history SL are so tight and there are no more grid and rescue operations. I am still having max 2 trades on some trades to average the price. due no one can know how much it will pullback. but those 2 trades using the first opened trade SL at the same level. means I DO NOT WIDEN SL AFTER OPENING THE 2 TRADE.
and there are examples of SL hit averaged trades at the history.
a lot of things had been changed until I start "pattern" system but I guess I am at the wright track with
- cancelling rescue operation
- tigtenning SL
the trades at the history with 1-2 PIP profit/loss are the exits of damaged patterns after entry.
walker
- after some hours I lost the focus. I need to leave trading for some minutes after every trade. this reset mind.
- most probably I start US session with profit and this make me over trusted.
- If I stop trading in mind and then start trading after that desecion again I make huge mistakes.
- due to start US session in profit(most probably) I start saying "try this" instead of "xxxx pattern" and after entering that "try" when trade goes against me I got angry and wait until SL.(SUICIDE)
So my desecion is I will stop trading and shut down machine after having a reasonable profit/loss.
as you can see from the account history SL are so tight and there are no more grid and rescue operations. I am still having max 2 trades on some trades to average the price. due no one can know how much it will pullback. but those 2 trades using the first opened trade SL at the same level. means I DO NOT WIDEN SL AFTER OPENING THE 2 TRADE.
and there are examples of SL hit averaged trades at the history.
a lot of things had been changed until I start "pattern" system but I guess I am at the wright track with
- cancelling rescue operation
- tigtenning SL
the trades at the history with 1-2 PIP profit/loss are the exits of damaged patterns after entry.
walker
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 15:18
in week time %40 of total trades are traded at asian+eu session and the rest %60 traded at us session. this value also shows how my trading activites are changing in us hours.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 17:24
this how I trade
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 19:33
when I feel better will increase the lot from 0.1Lot 1000$equ to 0.2Lot 1000$equ. while using Hard Stop when system works no worries.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 19:38
daily Pivot is the actual support
notice RR ratio regarding to SL TP ratio.
notice RR ratio regarding to SL TP ratio.
forex_trader_66024
Member Since Feb 16, 2012
83 posts
Feb 24, 2012 at 19:42
(edited Feb 24, 2012 at 19:43)
see price average action.
this has a possibility of very fast move from where I opened the first trade and also poss of pull back.
I took my chance and opened where it could rocket but pulled back to MA 30 so I opened average trade on that point.
when averaged I do not wait until TP due the Lot is doubled and risk is doubled. when reached a certain point I press the close all button for related symbol and EA closes all. ( white vertical line )
PS also see price has roceted after first trade but then pulled back.
again see SL TP ratio it is less then 1.35
this has a possibility of very fast move from where I opened the first trade and also poss of pull back.
I took my chance and opened where it could rocket but pulled back to MA 30 so I opened average trade on that point.
when averaged I do not wait until TP due the Lot is doubled and risk is doubled. when reached a certain point I press the close all button for related symbol and EA closes all. ( white vertical line )
PS also see price has roceted after first trade but then pulled back.
again see SL TP ratio it is less then 1.35
