I had exactly the same thing happen, about 8:50London time, it wasn't nice, and it only went a pip or something higher before resuming the downward path.
#-o
This stuff can just be SO cruel!
PaulF's Journal
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: PaulF's Journal
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."
-
Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: PaulF's Journal
Hi Paul, I filtered this one because of open alligator and old AO. Would have taken this one under M5 AIMS level if setting a PO. The next DA looked much better from setup point of view. Have fun even though there are rents also!
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: PaulF's Journal
Morning Paul...
if i may just make 1 observation and i know this is in hindsight, your entry was 2/3 pips above the m5 AND m15 levels.... i know some members pay no notice to these but if you had waited for the next set up your entry would have been below them both....
just something to think about
cheers
Grant
if i may just make 1 observation and i know this is in hindsight, your entry was 2/3 pips above the m5 AND m15 levels.... i know some members pay no notice to these but if you had waited for the next set up your entry would have been below them both....
just something to think about
cheers
Grant
success = patience + discipline - greed
-
PaulF
- Posts: 276
- Joined: 18 Nov 2011, 09:15
- 13
-
PaulF
- Posts: 276
- Joined: 18 Nov 2011, 09:15
- 13
Re: PaulF's Journal
EU trade this morning, usual outcome, -6 or so:
You do not have the required permissions to view the files attached to this post.
-
nickderby
- Free Member
- Posts: 30
- Joined: 03 Jan 2012, 05:59
- 13
Re: PaulF's Journal
If I may comment Paul...technically this was ok...only ok...
1. Your initial sl looked too far +15 pips away or so. While you did move it up and were only stopped out for -6...the initial SL is used as a trade entry criteria...ie 15 is too far and so this should not be a trade you take.
2. I might suggest that the more " attractive " set ups are when w3 into w4 are flatter price action...this is tied to point 1.
By this I mean in this case the price retraced quite hard and steeply...so had to use a lot of energy to get up past the fractal...tagging you in and not going much further.
So I would agree with you...if you take a lot of trades like this then this will be the usual outcome.
Small adjustments which might seem trivial and technical, will yield a large change of results over time and a statistically significant number of trades.
Just something to keep in mind.
best
Nick
1. Your initial sl looked too far +15 pips away or so. While you did move it up and were only stopped out for -6...the initial SL is used as a trade entry criteria...ie 15 is too far and so this should not be a trade you take.
2. I might suggest that the more " attractive " set ups are when w3 into w4 are flatter price action...this is tied to point 1.
By this I mean in this case the price retraced quite hard and steeply...so had to use a lot of energy to get up past the fractal...tagging you in and not going much further.
So I would agree with you...if you take a lot of trades like this then this will be the usual outcome.
Small adjustments which might seem trivial and technical, will yield a large change of results over time and a statistically significant number of trades.
Just something to keep in mind.
best
Nick
-
PaulF
- Posts: 276
- Joined: 18 Nov 2011, 09:15
- 13
-
PaulF
- Posts: 276
- Joined: 18 Nov 2011, 09:15
- 13
Re: PaulF's Journal
Friday 19th October, plus 8. Yes, should have just taken what I had at TZ2...!!
Can anyone suggest why my screenshots have lost their colours???
Can anyone suggest why my screenshots have lost their colours???
You do not have the required permissions to view the files attached to this post.
-
PaulF
- Posts: 276
- Joined: 18 Nov 2011, 09:15
- 13
Re: PaulF's Journal
Wow.... I have two monitors and it turns out that screenshots on one of them are in that washed out colour. I've never noticed that before.... Here's the previous trade in colour:
You do not have the required permissions to view the files attached to this post.
-
Herbert
- Free Member
- Posts: 587
- Joined: 07 Jan 2012, 12:18
- 13
Re: PaulF's Journal
Nice one Paul. :-bd . Looking at your entry and exit, I almost thought I was looking at my own chart...... 
)
I was aiming for TZ1 M15....
Herbert
) I was aiming for TZ1 M15....
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully