Mickey's Journal

[immy]

Here is a live set up. If it was on the D1 it would almost certainly win.
Its on the H4 and I take no responsibility for the outcome

but we see a reaction at Purple and a clear indication that price
wants to spring back to Gator.  Will it go further?  that is impossible
to know.  But on D1 it does invariably return to Gator.

I think one of our ladies mentioned that she sees one or two Fruits
a week that are usually successful on H4.

Actually there are dozens of near set ups - but you don't want to
touch them!

Actually even one or two extra set ups would be very helpful,
taking me from one to three trades a week.

but they do need to be winning trades so I'm cautious.

but trading is weird, you're right Immy, its very subjective.

I could look at this setup next week and wonder how I could
possibly have thought it was a setup.

At the moment it is very obviously a near perfect set up -
or so it seems 

It will be interesting to see how it pans out
 
 SET UP.png
 
 


 

Hi 
Agreed, can't tell what would have happened to the sell order.., but... the Long Trade... oh yes... 

I love this pattern... I call it the Back to the Purple move... Nicely done...
 
 

[immy]

Price did return to Gator - so predictable!

but first price spiked and stopped me out!

Should I have allowed more breathing space?

Only if you are trading micro lots without a stop.
but it will take you a long time to make any money!

otherwise the risk/reward becomes non viable.

so now I have 3/3 Rents on H4 and no losers on D1
since August

Does it take a genius to figure out what I should be focusing on?

I recommend the book 'The One Thing' - the incredible power of
focus! - applies to everything. I'm learning to play the violin.
I focus on one string only and only play the same three notes,
but its starting to shape up.

If you find a niche in trading that really seems to work
for you, you have found something that 98% never will.

The ironic thing is it might not work for anyone else,
and they might tell you that. So important to 'work
in your own best interests' and not be distracted by
others - their approach might be more profitable for
them - it probably won't be for you - because this is
largely a game of psychology.stopped.png
 
 
 

 

wow!

You've broken your own record.. This Post has entred my Top Ten Best Posts of this Forum.  
 

100% Agreed. 
 
 

[kiravon]

'You've broken your own record.. This Post has entred my Top Ten Best Posts of this Forum'

If I had previously been paid even a modest fee for my posts I would be a wealthy man by now!
 
 

[kiravon]

Should I had added on at the last break of AIMS?
You would think so, but NO!

Since the dawn of civilization I have always come unstuck with
adding on.  I can't recall any pleasant memories, only heartbrerak
and sorrow!

I can't really explain it, probably most Pros set two or three TPs
and I completely get why that makes sense

Bottom line:  It doesn't work for me,  I think I probably just
get confused or something
 

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