Real Trade Going Out Live!
Synopsis:-
Trade taken within seconds again on H4
noting trade has likely 62 pips to run to TP1 with an inital 17 pip SL
almost 1:4.
A possible run on to the +147 TP2 but that will be a bonus, absolutely
not expecting that.
Why do I expect a further move to the downside?
The trend was previously down and then retraced nicely to 50% Fib and then
resumed the downtrend. It has just broken AIMS with potentially 62 pips to move.
AO and Gator both confluent.
Well if I have a 30% chance of hitting TP1 with a RR of 1:4 that should be
healthy - right?
I don't know what the exact chance is but it does look more bearish than
bullish at the moment so I think it is quite a well reasoned trade
Mickey's Journal
-
kiravon
- AIMSter
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Re: Mickey's Journal
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Stop searching for the Holy Grail, you've already found it -
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It's in your mind!
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immy
- Founder
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Re: Mickey's Journal
That's very good analysis !
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
Thanks - result was a moderate rent.
Today I just missed a nice looking set up
but in these situations rather than going in far too
late I might just keep an eye out for a retest of AIMS
and if it bounces off AIMS that will usually be a
stronger trade anyway.
unfortunately I think we really missed the boat on
this one as there is a lot of momentum
Today I just missed a nice looking set up
but in these situations rather than going in far too
late I might just keep an eye out for a retest of AIMS
and if it bounces off AIMS that will usually be a
stronger trade anyway.
unfortunately I think we really missed the boat on
this one as there is a lot of momentum
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It's in your mind!
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kiravon
- AIMSter
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- Joined: 18 Dec 2013, 14:08
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Re: Mickey's Journal
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Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
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kiravon
- AIMSter
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- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
AIMS Retested
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kiravon
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Re: Mickey's Journal
Retesting Green
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kiravon
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Re: Mickey's Journal
Trade not Viable
If we get the bounce off Green and move down and
get the break of AIMS we only have 18 pips to move
before the TP where price is very likely to reverse.
but worse, our logical sL is the prior AIMS level
now 23 pips away! No deal!
If we get the bounce off Green and move down and
get the break of AIMS we only have 18 pips to move
before the TP where price is very likely to reverse.
but worse, our logical sL is the prior AIMS level
now 23 pips away! No deal!
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Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
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kiravon
- AIMSter
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Re: Mickey's Journal
Or is it?
At break of prior AIMS we have a RR of 37:14
near 1:3 which is OK
AO not confluent but we have gone in early
so thats to be expected C1 +170 pips DS 1
C2 +45 pips DS 1
C3 +221 pips DS 1
C4 -6 pips DS 1
C5 BE DS 1
C6 +3 DS 1 SL -6/+3
C7 +40 DS 0 SL 12/12
C8 +41 DS 0 SL 28/10
C9 -8 DS 0 add on taken in error!
C10 +22 DS 1 SL -12/+22
C11 +30 DS 1 SL -19/+21
C12 -28 DS 1 SL 28/28
C13 -13 DS 0 SL 13/13
At break of prior AIMS we have a RR of 37:14
near 1:3 which is OK
AO not confluent but we have gone in early
so thats to be expected C1 +170 pips DS 1
C2 +45 pips DS 1
C3 +221 pips DS 1
C4 -6 pips DS 1
C5 BE DS 1
C6 +3 DS 1 SL -6/+3
C7 +40 DS 0 SL 12/12
C8 +41 DS 0 SL 28/10
C9 -8 DS 0 add on taken in error!
C10 +22 DS 1 SL -12/+22
C11 +30 DS 1 SL -19/+21
C12 -28 DS 1 SL 28/28
C13 -13 DS 0 SL 13/13
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
small rent on last trade. How could that possibly be?
When I obeyed all the rules religiously!
True I didn't wait for a break of AIMS
and yes AO had just crossed zero in the WRONG
direction!
but apart from that I obeyed all the rules - honest injun
---------------------------------------------------------------
Unrelated but just read this-
''One of your basic objectives as a trader is to perceive the opportunities
available, not the threat of pain. To learn how to stay focused on the
opportunities, you need to know and understand in no uncertain terms the
source of the threat. It's not the market.''
Understanding that above quote is essential to have any chance at all
of succeeding at trading, knowing where that debilitating fear is really
coming from and learning how to consistently neutralise that fear
When I obeyed all the rules religiously!
True I didn't wait for a break of AIMS
and yes AO had just crossed zero in the WRONG
direction!
but apart from that I obeyed all the rules - honest injun
---------------------------------------------------------------
Unrelated but just read this-
''One of your basic objectives as a trader is to perceive the opportunities
available, not the threat of pain. To learn how to stay focused on the
opportunities, you need to know and understand in no uncertain terms the
source of the threat. It's not the market.''
Understanding that above quote is essential to have any chance at all
of succeeding at trading, knowing where that debilitating fear is really
coming from and learning how to consistently neutralise that fear
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Mickey's Journal
Mickey!
how can it be! haha
and how can it be that this quote is not related? it is a great knowledge. thanks for sharing...
how can it be! haha
and how can it be that this quote is not related? it is a great knowledge. thanks for sharing...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!