Nitin's Journal

[Herbert]

: :-bd Great stuff...
Why the early close?? Nerves? )
Herbert

[Nitin]

: :-bd Great stuff...
Why the early close?? Nerves? )
Herbert

Yeah u can say that, In all earlier trades price comes back after going 6-7 pips in profit and I Think same was happen with this trade

[immy]

: :-bd Great stuff...
Why the early close?? Nerves? )
Herbert

Yeah u can say that, In all earlier trades price comes back after going 6-7 pips in profit and I Think same was happen with this trade

Hi Nitin

7 pip win would require an average losing record of 3.5 pips and atleast 50% success rate to be profitable in the long run (roughly speaking)

cheers

Immy

[Nitin]

: :-bd Great stuff...
Why the early close?? Nerves? )
Herbert

Yeah u can say that, In all earlier trades price comes back after going 6-7 pips in profit and I Think same was happen with this trade

Hi Nitin

7 pip win would require an average losing record of 3.5 pips and atleast 50% success rate to be profitable in the long run (roughly speaking)

cheers

Immy

Sorry Imran it doesn't clear to me

[Nitin]

Hi Friends, I m an engineering student and my holidays are over. I m at home now and going back to hostel because regular classes starting from this Monday so I'll not be able to trade. But I'll join trading as soon I get free time. I have learned lot of things from Immy and Aimsters, and I know this learning would be continue in future. I'll miss you all :ymbringiton:

Thanks everyone for their help.

Nitin Raj

[immy]

Hi Nitin

It was nice talking to you Nitin! Enjoy your studies, we'll miss you meanwhile!

cheers

Immy

[Nitin]

Managed to took one trade -11 Pips loss (

Any comments r welcome

[MichaelC1234]

Hi Nitin , I would comment that price had allready moved up a lot and had broken a lot of previous Aims levels , when you took the trade the price seemed exhausted the AO was showing increasing momentum to the downside and was below zero level.

Hope this helps

[Nitin]

Hi Nitin , I would comment that price had already moved up a lot and had broken a lot of previous Aims levels , when you took the trade the price seemed exhausted the AO was showing increasing momentum to the downside and was below zero level.

Hope this helps

Thanks Michael, I was considering this as a start of 5th wave, thats why I took this trade.

Regards

Nitin

[Nitin]

Morning friends, Today's trade- looking like a ideal setup,

M5-Alligator open to upside and above purple and also there were divergence ( in short trend) so Clearly a uptrend has started

M1- Rising like hell and make a peak, comes to 0, alligator goes asleep, risk was perfect, purple correct so on a blue dot I put a long order 3 pips above the m5 aims level(it was close), order gets filled and after some minutes closed on black dot ( closed in -10 pips(including spreads)

anyways next!
any comments r welcome \m/