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Herbert wrote:While druelling over the previous missed price movement, i ventured for a w5, slightly late entry, then missed target by fractions to return to be+ 1.7.
Ewaves TZ1 would have been spot-on. Was about to raise target to see extended w5 to london open reversal....
Herbert
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Nice One Herbert. Remember you can never get it perfectly right. Sometimes you'd make more pips than you should have yet other times less than you should have. Bill says, in 40 years of trading I never got it right.... so... Well Done
btw. i took 7.4 on that. Nick hit the TZ1 and got 13 out of it, (he enters a bit early)
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.
immy wrote:
Nice One Herbert. Remember you can never get it perfectly right. Sometimes you'd make more pips than you should have yet other times less than you should have. Bill says, in 40 years of trading I never got it right.... so... Well Done
btw. i took 7.4 on that. Nick hit the TZ1 and got 13 out of it, (he enters a bit early)
Well said Immy. Good to hear cash registers cashing. And tell "the banker" I can show him how to post in the forum in case he forgot how.. )
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
As Immy mentioned elsewhere today, the last 2 days were not the best trending periods. Just when u do not look a setup snap to another congestion level.
This is my most dangerous periods when i start designing scalping techniques..... ~x(
Having said that, i missed 5 setups during the grind today...
4 x total 92 potential pips
1 x be
automation..... :-B
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
AND here i am staring at another setup sneaking past me, EY long 11 pip and counting.... ~x( (
Eish!!!
Now you know why my hairline is receding..... )
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
Ok, I got my dot alerts set for EURJPY for tomorrow.... B-)
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
Back in business...
Took saddle approach both ways as setup was against close 200sma, 5min alli turning, 1min bounced off m15 ema and daily 21 (edit **AND 78.6fib**), alli and purple in da box. Closed manually between 100fe and 88.6fib.
+15
Herbert
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Last edited by Herbert on 25 Apr 2012, 08:38, edited 1 time in total.
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
This pic made me think of the valuable people here at AIMS..
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Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
Experimented with a 5 wave sequence followed by "black diamond setup" for possible break-through on 200sma. SL to be+2 at first red dot. Price missed it by hairline, then followed sl with boxbottoms +spread, got taken out for +7 pips.
Herbert
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Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully