PaulF's Journal

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PaulF
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Joined: 18 Nov 2011, 09:15
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Re: BobbyF's Journal

Unread post by PaulF »

Tuesday 29th May. Trade 1, +8.2:
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immy
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Re: BobbyF's Journal

Unread post by immy »

Hey Bobby

You are hitting the setups correctly I think you deserve to treat yourself on that. Well done and carry on. The days of mighty success might be just round the corner!
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 »

immy wrote:The days of mighty success might be just round the corner!
Well it wouldn't be before time...!!!! But would you have taken that? There's no M5 trend.
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immy
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Re: BobbyF's Journal

Unread post by immy »

BobbyF wrote:
immy wrote:The days of mighty success might be just round the corner!
Well it wouldn't be before time...!!!! But would you have taken that? There's no M5 trend.
Well it appears that I most probably would have. It is quite possible that I might have considered this a Wave C up as I can see A up and B down. I was a setup on m1 with break of AIMS levels above the Alligator on m5. Yes it was a setup without a confirmed trend on m5 but this is what we call the "Breakout Setup".

cheers
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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Joined: 18 Nov 2011, 09:15
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Re: BobbyF's Journal

Unread post by PaulF »

Thursday 31st May. Trade 1, -5.1:
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PaulF
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Re: BobbyF's Journal

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Wednesday 6th June, Trade 1, +10.9:
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evilmeatball
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Joined: 21 Apr 2012, 19:23
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Re: BobbyF's Journal

Unread post by evilmeatball »

excellent trade there BobbyF. But i have to ask one thing, because i do not understand how you think there;

did you close the trade because the number 5 on ewaves indicator? or was it the dark green histogram there?

can i get your thoughts on this, i would like to learn how you think please :)
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PaulF
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Re: BobbyF's Journal

Unread post by PaulF »

Basically I panicked when it fell backwards! There's no magic! :)
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immy
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Re: BobbyF's Journal

Unread post by immy »

BobbyF wrote:Basically I panicked when it fell backwards! There's no magic! :)


Quite Funny response there Bobby! :)) but it is true. This is one of the evil habits all us traders have. We just panic and lose the plot. We are all learning and must make this a part of our trading plan to routinely ask questions such as one evilmeatball asked. Why did I exit this trade here? if the reason was of the same category we should take note and make that our goal in the trading sessions to come to work on. cheers
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! 🍌
Top
evilmeatball
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Joined: 21 Apr 2012, 19:23
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Re: BobbyF's Journal

Unread post by evilmeatball »

ah i see, now that makes sense .. or well ye :) but hey winning is winning right.

ot: immy mind looking in my thread?
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