Topher's Journal
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Topher's Journal
Agreed Herbert! Most definitely a good decision and a fantastic trade. Well managed. cheers Richard, keep em coming!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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Topher
- Free Member
- Posts: 405
- Joined: 22 Dec 2011, 21:11
- 13
Re: Topher's Journal
2013 is certainly shaping up well.
Took 4 trades in total today. The attached chart shows two of them. The first was a classic aims entry while the second one was a bit cheeky. The first one I exited on divergence and the second one was simply a tp at 1%.
Richard
Took 4 trades in total today. The attached chart shows two of them. The first was a classic aims entry while the second one was a bit cheeky. The first one I exited on divergence and the second one was simply a tp at 1%.
Richard
You do not have the required permissions to view the files attached to this post.
The forex market will pay you well for discipline.
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Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: Topher's Journal
Well done Richard.... still admiring your ability to stay in these for the long haul! If you don't mind me asking, what made you stay in when price came back into the alli and even closed slightly below red line? Thanks
Dave
Dave
Now, I choose to make a profit in trading.
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Topher
- Free Member
- Posts: 405
- Joined: 22 Dec 2011, 21:11
- 13
Re: Topher's Journal
Dave
From my analysis of the higher time frames I was confident on a further move up. Because of the strong initial move up I had enough room to play with and had my sl in a comfortable position (although it was close to been hit).
The analysis I am talking about is primarily Elliott Wave. The higher time frames definitely have euro heading North, for how long who knows but for the short term at least. There is also something else that I am using that for now I am keeping to myself.
Richard
From my analysis of the higher time frames I was confident on a further move up. Because of the strong initial move up I had enough room to play with and had my sl in a comfortable position (although it was close to been hit).
The analysis I am talking about is primarily Elliott Wave. The higher time frames definitely have euro heading North, for how long who knows but for the short term at least. There is also something else that I am using that for now I am keeping to myself.
Richard
The forex market will pay you well for discipline.
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: Topher's Journal
Thanks Richard for your reply. I'm happy to call that 'something else' just a gut feeling/trader's intuition. I know that to get the biggest winners I've ever had I ignored a couple exit signals and just held on as the whole market was moving ie not just the pair I was trading. And as you said you had a stop in a comfortable position so in essence it was a risk free trade anyway. Nice one. Thanks
Now, I choose to make a profit in trading.
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Topher's Journal
Hi RichardTopher wrote:2013 is certainly shaping up well.
Took 4 trades in total today. The attached chart shows two of them. The first was a classic aims entry while the second one was a bit cheeky. The first one I exited on divergence and the second one was simply a tp at 1%.
Richard
Very well played, it was my intention to let it run on this one, but somehow somewhere I lost my focus and closed fro 13. I even wanted to get back in realizing my mistake but then I thought, chasing is never good. Its good to see you nailed it!
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Topher's Journal
Hi Topher
About 6 months ago 6th June there was a photo in your journal of the view from your window over the hills (fells!)
You called it your inspiration, and that is absolutely wonderful.
I bet it's a different scene this week, if you have the weather like we have down here (south east uk - snow and ice).
Your journal is one I always make a point to read....
Ray
About 6 months ago 6th June there was a photo in your journal of the view from your window over the hills (fells!)
You called it your inspiration, and that is absolutely wonderful.
I bet it's a different scene this week, if you have the weather like we have down here (south east uk - snow and ice).
Your journal is one I always make a point to read....
Ray
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."