Herbert's trades for discussion

[immy]

Herbert

Honestly I had a heavy lunch and a "heavy" supper still my glands pumped in some saliva... yum yum... looks tasty! Gotta hit SA sometime soon!

[Herbert]

Now here is a good example of trader psychology getting in the way of a good setup(s).. #-o
1. Initial setup i wanted to take but was concerned about the light blue S/R line i have.
The blue line above price and AO shows nice hidden divergence for a short momentum bias.
Trendline break, 4.5 pip aims box break, AO crossover.

2. Repeat
3. Break of previous low AND the light blue S/R.
4. Add-on/setup 2.

I took NONE!!!
Total move 66 pips!!
By 3rd point i started to smell a weak mind.... ~x(

Lesson here for me again is: S/R lines are there to be bounced off or broken with vengeance. Trust the setup, trade the setup. It's AIMS dammit!!!

I see Bettina took her trades, well done!! Especially taking the 2nd after 1st cut. (wd) That is what persistence is about!!
I am sure there were others.
Herbert

2505notrade.png

[Bettina]

Hi Herbert,

nice compliment, thx.
I think 1 and 2 were too early, m5 alli not really open, 3 was the one to take, but what and who can make me believe that I can stay in for that 4 ?????

What about your princess ? did she snub ( from dictionary ?? ) you ?

Bettina

[Herbert]

Bettina.
My preference is eurusd, the Princess was kind to me while eurusd was going nowhere.
Currently eurusd PA is clearer, so that's where i am at for now

Herbert

[Herbert]

Please note that I encountered a MT4.00 build-419 >> 427 update.
Herbert

[Herbert]

Trendy eurusd!!!

5min setup taken on m1.
used aims box trail SL.

2905a.png

[Herbert]

P3 structure. Options for entry for me was:

1. Break TL and AO crossing
2. Test of alli green
3. My entry, break of aims level.

Target was minimum 100%fe (yellow fib) =ABC. 5min w4. Missed target by 1.5 pips. )
Some institution must have been very early here...complete surprise..
Did not update sl to latest aims box high. -4

2905b.png

[Herbert]

On last chart and failed tade, i feel very confident that setup, target, everything was valid. The market (some institution) simply did their "thing"... B-)
Herbert

[Herbert]

And there it pops...with new setup, the structure still valid, just not within my risk parameters.....
Herbert

2905b1.png

[Grant]

Hi Herbert,

i know this is in hindsight as i was out on my bike nearly killing myself at the time but i see that as an entry... lol

What were your reasons for a no trade there please?

cheers
Grant