Bettina's Journal
- Bettina
- Free Member
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- Joined: 28 Dec 2011, 19:55
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Re: Bettina's Journal
Today I had silly and unlucky trades, 1 winner and 4 rents, -1,57%. My rule is, that I take the next setup on M1, after M5 gator opened ( indicated by an arrow ), M15 supporting direction. And I use not the whole gator, but only green and blue line.
This is a little stricter on M5 than DA and allowing a little more on M15 than DA.
For example, if M5 gator opens up, M15 could be still down but narrowing.
But my own arrows make me becoming careless :-s
This -9.4 trade on EU was absolutely foolish, because it was no setup at all on M1 ( AO very old ): The next one was ok with +5.8 ( exit at TZ2 ), though I took setup 2 of the red dot before: Two Aussi trades with - 4.6 ( just a rent, nothing wrong ) and -3.0 ( fear, exit too early, was not sure about old M5 AO ) Last one on EU -5.4 : Don't know, M5 had already had two w5s, M15 as well, not a good idea to take a trade. sorry, my pics are bad - it's too late !
This is a little stricter on M5 than DA and allowing a little more on M15 than DA.
For example, if M5 gator opens up, M15 could be still down but narrowing.
But my own arrows make me becoming careless :-s
This -9.4 trade on EU was absolutely foolish, because it was no setup at all on M1 ( AO very old ): The next one was ok with +5.8 ( exit at TZ2 ), though I took setup 2 of the red dot before: Two Aussi trades with - 4.6 ( just a rent, nothing wrong ) and -3.0 ( fear, exit too early, was not sure about old M5 AO ) Last one on EU -5.4 : Don't know, M5 had already had two w5s, M15 as well, not a good idea to take a trade. sorry, my pics are bad - it's too late !
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- Bettina
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- Joined: 28 Dec 2011, 19:55
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Re: Bettina's Journal
+ 10 on EU. Unfortunately I was too slow to change standard TP of 10, but nice 0,92%.
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- Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
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Re: Bettina's Journal
Afternoon Bettina,
Well done ( (wd) ), you were braver than me on that one, the US red news scared me off......
Grant
Well done ( (wd) ), you were braver than me on that one, the US red news scared me off......
Grant
success = patience + discipline - greed
- Bettina
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Re: Bettina's Journal
Hi Grant,
I must admit, that I didn't care for the news. Except NFP and European sentiment most of the news didn't have much reaction in the market lately.
Perhaps it was good that I didn't change the standard TP, if it had quickly changed into opposite direction, so it was just luck.
Bettina
I must admit, that I didn't care for the news. Except NFP and European sentiment most of the news didn't have much reaction in the market lately.
Perhaps it was good that I didn't change the standard TP, if it had quickly changed into opposite direction, so it was just luck.
Bettina
- Bettina
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Re: Bettina's Journal
Hi all,
had 2 trades so far today : +6.8 on EU and +9.4 on GU, +1,5%.
The EU was exactly below 38,2 % retracement and exit above 50%, didn't want to let it go further up. PC would have taken me out anyway, but on M5 this would have been a perfect entry for the next run down.Well, happy with my pieces ! GU was similar, S2 entry so little late, exit above 61.8 % retracement.
had 2 trades so far today : +6.8 on EU and +9.4 on GU, +1,5%.
The EU was exactly below 38,2 % retracement and exit above 50%, didn't want to let it go further up. PC would have taken me out anyway, but on M5 this would have been a perfect entry for the next run down.Well, happy with my pieces ! GU was similar, S2 entry so little late, exit above 61.8 % retracement.
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- Free Member
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Re: Bettina's Journal
Great trades Bettina
I am really struggling with this pa today very little of it makes sense to me.
Richard
I am really struggling with this pa today very little of it makes sense to me.
Richard
The forex market will pay you well for discipline.
- Bettina
- Free Member
- Posts: 491
- Joined: 28 Dec 2011, 19:55
- 13
- Bettina
- Free Member
- Posts: 491
- Joined: 28 Dec 2011, 19:55
- 13
Re: Bettina's Journal
Nice 13.7 pips on EU. Happy to see that many of you got it as well. So we learnt a lot meanwhile.
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- immy
- Founder
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- Joined: 22 Nov 2010, 16:46
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Re: Bettina's Journal
Bettina
Lovely trade you got there. Nice one.
I paid rent before catching it albeit on a lower aims level. So you got more pips there! cheers
Lovely trade you got there. Nice one.
I paid rent before catching it albeit on a lower aims level. So you got more pips there! 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!
- Bettina
- Free Member
- Posts: 491
- Joined: 28 Dec 2011, 19:55
- 13
Re: Bettina's Journal
Experience more than pips !
On EU -8.6 and + 3.6 On GU : + 5.9 , beautiful setup, but exited much too early : afraid of 1.62 ???????????????????
On EU -8.6 and + 3.6 On GU : + 5.9 , beautiful setup, but exited much too early : afraid of 1.62 ???????????????????
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