Tuesday 13th March
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Tuesday 13th March
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I like that you captured what it did and remained with it. Perhaps not the first time we have noticed that.Quote:
Originally Posted by ;
Friday 16 March
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Tuesday 20th March
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Good job shutting it downQuote:
Originally Posted by ;
Hi G,
13 DEC
I attempted 6 trades ,3 loosers, 0 winners
My prognosis for the day was bearish.
My analysis was supposed to go short from 1764. . The price came into 1762 and went down and I didn't take the short because I needed it to grow further... the market came down
I thought . . The market came down to in where it moved up .... There's a station.... Allow me to take a fast long from 1740 to 1750(bottom of station to centre) and attempt a short from 1750 because its own yellow zone....and my outlook is bearish... I placed a buy PO... then the BEOB (first red arrrow) happened... I thought the market is going to return because the momentum to downside is large and it broke the white arrow reduced...I cancelled my extended order and put a PO for short... got stopped out...
The candle I got stopped out was another BEOB. I remember you saying in a different threads not giving up on pairs if stop is struck, and the very candle that stops you out may demone another commerce...I moved short again.... Red arrow that is second. . .The stop was struck again at the yellow arrow....
Currently... my thinking was if I attempted a short again it will be payback trading and it's not good. . So I didn't attempt short again...
I saw the candle at green arrow and thought it to be a stand alone candle with no narrative behind. . So didn't think about any longs from there....
The black arrow candle is where I attempted my next long commerce... after inputting I immediately remembered that Buying from leading was one of those trading mistakes I usually make as per my trade diary analysis and looked for an opportunity to get out... I left when market came to 53... my long had been from 54...
Blue arrow.... Was a fast channel commerce which went to target but the short PO was not triggered... I cancelled the PO..seeing it went to my target...
purple arrow had been my very last commerce... Placed a short limit and went to sleep.... My rationale was that price isn't currently closing over 15:45GMT BEOB.
Thank you...
https://www.nigeriaforextrading.com/...1166669626.jpg
you're trying to do a lot and studying things into pubs which are there on your mind only. That's my way of saying... slow down and you'll accelerate. Https://www.nigeriaforextrading.com/...1525011460.jpgQuote:
Originally Posted by ;
Price is shing down (first big red arrow), so we'd love to trade brief. We would love to, although does not mean we must. (Slightly up red arrow)Even though price as a whole is down, it will arguably begin an upward move in the end of the day. We'll bear this in mind. At (1) we've got a place of interest. At (2) we've got a place of interest. We know all of this prior to today.
In the white box we have overnight actions. It's fairly near our upper yellow area (1). When you entered I pointed to, you might have 15 pips of risk and be above the yellow and have 20 to the bottom. Reward is in your favor. You'd love a retrace to shrink risk, however we, at minimum, want reward in our favor. NOW, in simplest terms, whats wrong with all the transactions you chose after the drop?
Next, price ultimately goes to area 2. You get bullish actions, you could have entered here but while studying to become profitable skip due to news. Frankly, forget since you have a rate decision and only practice identifying areas and watching price. You attempted long after news, I like it but you entered too early, do not be afraid to overlook, see if price can get into your area you identified and better yet, be sure its gont remain and accept the long a few bars later if it is there to shoot (that it was being there). You won't know in the moment if price will take off or not and that is ok... which is what I mean by do not be afraid to overlook.
In short, you've never been always profitable, so deep down there's a part of you that does not trust your capacity to see the chart. So candles are defined by that you and give them. This chases you and which makes you doubt what you see. As you begin to trust what you see (and this can take a lot of time) it'll get easier and you won't have the impulse to leap out of great trades and less impulses to get from poor places. Ain't that Tadeusz! Sounds we once had.
Hi G,Quote:
Originally Posted by ;
Thanks for the feedback especially the last paragraph.I think I am trying to do too much....The above chart you posted seems very simple and I complied it over analyzing.
As for the question.... After the fall, I took the brief from middle of the channel .... So that the risk reward ratio was its a 50/50 trade and out of place.
Correct. Good, important for you to see that.Quote:
Originally Posted by ;