Mike's Journal MSK185
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Mike's Journal MSK185
here is what we thought
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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!
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Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Mike's Journal MSK185
Hi Mike,
I wasnt here in real time but looking at my chart of that time i would have had a PO above the m5 level at 2829... I have attached a pic to show you what i would have seen...
cheers
Grant
I wasnt here in real time but looking at my chart of that time i would have had a PO above the m5 level at 2829... I have attached a pic to show you what i would have seen...
cheers
Grant
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success = patience + discipline - greed
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Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Mike's Journal MSK185
LOL,
just read Imrans response after i posted mine...
you see even we cant agree..... LOL... he was watching in real time though so the bias has to bve with his post...
cheers
Grant
just read Imrans response after i posted mine...
you see even we cant agree..... LOL... he was watching in real time though so the bias has to bve with his post...
cheers
Grant
success = patience + discipline - greed
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Mike's Journal MSK185
B-)
Grant! I think this was one that I may or may not have taken depending on how I felt about it. As you know I am not in my trading room so all I had was a quick look and thought AO was old, but honestly at the back of my head I knew somehow if it does eventually break out long, that it would probably bounce around the m5 aims level to the left. thats what it did! I had one trade today, lucky me, hit over 2% so I decided not to trade at all!
Grant! I think this was one that I may or may not have taken depending on how I felt about it. As you know I am not in my trading room so all I had was a quick look and thought AO was old, but honestly at the back of my head I knew somehow if it does eventually break out long, that it would probably bounce around the m5 aims level to the left. thats what it did! I had one trade today, lucky me, hit over 2% so I decided not to trade at all!
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!
-
msk185
- Free Member
- Posts: 390
- Joined: 22 Dec 2011, 11:22
- 13
Re: Mike's Journal MSK185
Hi Immy, Grant
Thanks for the input, one of the great things about trading is that we can see different things.
second trade today, took the break of outer 1 min level, tgt was 5 min low some 12 pips away, price bounced off the 5 min purple so moved stop to b/e
Worth a try!
Cheers
Mike
Thanks for the input, one of the great things about trading is that we can see different things.
second trade today, took the break of outer 1 min level, tgt was 5 min low some 12 pips away, price bounced off the 5 min purple so moved stop to b/e
Worth a try!
Cheers
Mike
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Grant
- Posts: 943
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- 14
Re: Mike's Journal MSK185
its getting spooky now,
took that trade (1st today), candle trail got me at BE..
Grant
took that trade (1st today), candle trail got me at BE..
Grant
success = patience + discipline - greed
-
msk185
- Free Member
- Posts: 390
- Joined: 22 Dec 2011, 11:22
- 13
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Mike's Journal MSK185
haha
All of a sudden I feel a bit jealous. Are you establishing a telepathic link with him? I warn you Stay away from Grant, he's mine. (rofl)
All of a sudden I feel a bit jealous. Are you establishing a telepathic link with him? I warn you Stay away from Grant, he's mine. (rofl)
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!
-
msk185
- Free Member
- Posts: 390
- Joined: 22 Dec 2011, 11:22
- 13
Re: Mike's Journal MSK185
First trade of the day -10pips a full hit.
Entry after new aims level formed at the same level as 5 min initially targeting the 15 min high.
Big rent payment.
Any suggestions?
Mike
Entry after new aims level formed at the same level as 5 min initially targeting the 15 min high.
Big rent payment.
Any suggestions?
Mike
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Topher
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Re: Mike's Journal MSK185
Mike
I had a PO at virtually the same level as everything looked okay, however, as things developed the AO increased and I became uncertain so I cancelled it.
I think this is called the learning curve. I for one am learning as much from these Journals as I am from actually trading.
Richard
I had a PO at virtually the same level as everything looked okay, however, as things developed the AO increased and I became uncertain so I cancelled it.
I think this is called the learning curve. I for one am learning as much from these Journals as I am from actually trading.
Richard
The forex market will pay you well for discipline.