David's journal

[immy]

Good scalping there David!

well done but try focusing on Class 1 HPT setups... trade less make more pips! cheers (with low very very low initial risk entries)

[azadar]

After a day of bad trading (not following the rules and stupid trades) im back more focused than ever !
First trade of the night, small move down which I managed to lock in some profits. I went away and during that time the big move up happened, oh well too bad.

Yes Immy, that is my game plan now. Used to take way too many trades and too much risk.

[azadar]

After a failed first entry (hit my SL to the pip before turning around) I got in again and this time trade went in my favor, only momentarily. After going +20 I failed to exit the trade and took only 1.4 pips.

I keep screwing up my exits and losing a lot of pips due to that. Probably the difference between BE or small loss to big profits. Any tips anyone?

I know there was this kind of engulfing candle which seems to indicate the reversal. Do you guys use candlestick patterns to get out of trades? Where and why would you have exited that trade?

[azadar]

another wasted opportunity. This is getting ridiculous and frustrating

[Dave]

Hi David,
My thoughts:
1st trade - the simplest way of trailing your profits is to just trail the AIMS levels. This method would have had you out above the high of the level formed about 97.88. Another method is to wait for the formation of the C wave AIMS level, which was at about 97.91, and then trail AIMS levels after that, so at worst your exit signal could have been on the break of the PC wave AIMS high at about 97.91.
2nd trade - shit happens, BE trades happen. After showing +12ish I'd have my stop at BE too. Next time it will drop through that M5 level and bomb 20 pips.
Dave

[azadar]

Thanks Dave for your feedback its much appreciated. Trailing aims levels makes sense, ill try that next time.

Will go read principle c thread again.

Thanks

[azadar]

Now that im trading manually again, I am resuming my journal. Im very excited about trading on H1 with fruit and seed ! I thank you all in advance for reviewing my trades and giving me feedback and comments

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[azadar]

only 1 trade to submit today, the others are in the green so im letting them run

[immy]

only 1 trade to submit today, the others are in the green so im letting them run

Keep trying... and keep posting them charts. this trade was not a correct setup next ..

[azadar]

2 trades that started well but pulled back during the night.