PaulF's Journal

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immy
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Re: BobbyF's Journal

Unread post by immy »

BobbyF wrote:Trade 3, +2.4. Got worried by the BRN and the AO dropping off and bailed early. If I'd followed the rules and stayed in I could have taken 12 at the BRN....
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Bobby!

Its even funnier now, I did think of moving my SL to BE just before that pull back but instead waited and only moved to BE after that 13.13 candle. exited at +13. It appears that I had timed it perfectly!

Well Done ! you're doing great!
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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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

:) :)

Trade 4, +29.4. Was in a trade and had moved SL to BE for protection over a 13.30 red news item. Then an unscheduled announcement appeared on the Greek debt and I snapped at what was available..!
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Wednesday 8th February.

Trade 1, -4.0. Should have bunged the SL up to BE when it banged its head on the M5 AIMS level.
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moty
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Re: BobbyF's Journal

Unread post by moty »

Me too,-7PIPS, something fundamental is wrong with me, just can not get up.
Patience and Discipline is the key.
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Trade 2, -7.4:
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Trade 3, +0.0. Out at BE when it didn't take off.
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Topher
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Re: BobbyF's Journal

Unread post by Topher »

Well done for getting out for BE Bobby. It is a frustrating trading day.

I notice you don't have Snorms indicator. This is excellent and would have prevented you from getting into this trade as the 15min and 60min were too close.


Richard
The forex market will pay you well for discipline.
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Trade 4, +0.0 - another BE after moving SL to BE straight away...

Topher - thanks for your comment, I'll investigate Snorm's indicator this afternoon.
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Trade 5, -7.5:
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Trade 6, +7.9. Exited when it seemed to stall at the 5M AIMS level, and was also up against the blue line on M5.... of course, proper trade management would have got 19-ish here....
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