MichaelC1234 Journal

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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

First trade today , AO looked to be gathering sell momentum. Stopped out at 5 behind entry candle -5
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MichaelC1234
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Re: MichaelC1234 Journal

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]2nd Trade , Took the 2nd break out of Aims, after had broken 15 min low , hit ten got s/l to break even , saw momentum falling and closed on blue dot candle . =3 pips , possibly should have left at b/e and let trade run to 1%
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

-5 NOT A GREAT WEEK SO FAR. The trade looked to meet all parameters
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

A bit of a losing streak , Missed some earlier moves as not at screen, This set up looked OK , closed on close of red bar with dot. Entered on break of 15 min high wich I thought may have given resistance. -6. Any fault with this trade ???
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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Grant
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Re: MichaelC1234 Journal

Unread post by Grant »

HI Michael,

I took this trade as well. So no fault with the entry, however on the exit, bear in mind how many up candles in a row there are. The PO was triggered by the 5th candle in a set of 6 up candles...

cheers
Grant
success = patience + discipline - greed
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immy
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Re: MichaelC1234 Journal

Unread post by immy »

As Grant Said, I was in it, we were all in it, during our Skype Trading !

I had -1
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

Have waited patiently for the perfect set up , , and along it came , Trailed Candles +13
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[center]"Riches do not respond to wishes. They repond only to definite plans backed by definite desires, through constant persistance " [/center]

[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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Mdock
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Unread post by Mdock »

Nice one perfect trade. :-bd

Mdock
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Topher
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Re: MichaelC1234 Journal

Unread post by Topher »

Well done Michael. Patience is the key and you have proved it with this trade.

Richard
The forex market will pay you well for discipline.
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MichaelC1234
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Re: MichaelC1234 Journal

Unread post by MichaelC1234 »

First trade today, Moved stop loss to + half a pip as we just touched + 10 , got pipped out , but no rent and feel I am getting consistency managing the trades
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[center]"The thing you set your mind on is the thing you ultimately become "[/center]
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