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Herbert wrote:Nice trading!!. I am in envy, still traveling.... =p~
Herbert
It is a great morning for trading Herbert. There is setups across almost all pairs and timeframes. It's like been a child in a Toy store.
Are you travelling on business or pleasure?
Richard
Yeah, a market playpark!! For pleasure Richard, made a weekend birthday surprise visit to my sister on their farm, about 1500km from Cape-Town....
Glad to be back in the Cape-Town humidity now.
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
Had a short on EUR-USD M5 that was going well. I had SL above the aims level at 20pips and TP set at 40pips but would monitor it and move it if necessary.
Just looked at the trade now and it has closed for +20pips (+1%). Although happy with 20pips I was not happy by the fact that it had closed by itself. On closer inspection it appears I made the mistake of having VE Aims running on both M5 and H1. H1 was set to a TP of 20. As I write this the trade has moved another 10 pips in what would have been my favour so has cost me several hundred pounds.
Big lesson learnt.
Richard
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The forex market will pay you well for discipline.
Cracking day Richard your trading is rather inspiring and just proves what hard work and time dedicated to trading can do! Its a good job i've got many years to work with lol
'Do Not let yourself get in the way of your profit producing tools'
"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
Just took a cheeky little EUR-USD M1 trade for +3pips (+0.3%).
In hindsight I shouldn't have taken it as the M5 alligator was not fully open. I closed manually when the price stalled.
Richard
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The forex market will pay you well for discipline.
Frustrating morning watching all the movement with no setup on EUR-USD M1 then I nailed this for +9pips (+1.13%).
I initially had my TP at +20 (default) but had in mind the 60min high as a potential target, however, when price shot through this barrier I let it go and closed manually when price dropped and I decided I was beginning to ride my luck.
That's me done for the day so good luck to everyone for the rest of the day.
Richard
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The forex market will pay you well for discipline.
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
Nice one guys! I trade this one as well. There was a nice Arrow up for me! I just happen to refresh my template and arrow appeared. But I was looking at the 61.8% retrace of wave 4 down, so was convinced that it was a good long plus it was london open. Worked well.
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.