Nitin's Journal

[immy]

Nitin

very well done on your prompt exit. I did a bit of analysis on this setup to educate myself. I'll share a pic with you. On the right of the picture is how gator formation appeared at the time of double arrows. You'd see that Gator lines were turning around though not yet asleep. It was only after your entry was triggered is when they could be considered asleep. But by then, it had broken aims level. I have right now, PO set below at 97.74. This would be breakout trade, hoping it continue in the direction of the previous trend. Break of the H1 AIMS low level would be something we need to look at. if it turns around we exit, if it breaks, let it run.

[Nitin]

Nitin

very well done on your prompt exit. I did a bit of analysis on this setup to educate myself. I'll share a pic with you. On the right of the picture is how gator formation appeared at the time of double arrows. You'd see that Gator lines were turning around though not yet asleep. It was only after your entry was triggered is when they could be considered asleep. But by then, it had broken aims level. I have right now, PO set below at 97.74. This would be breakout trade, hoping it continue in the direction of the previous trend. Break of the H1 AIMS low level would be something we need to look at. if it turns around we exit, if it breaks, let it run.

Thank u Immy for explaining using picture, Yes at the time of Arrow I felt that this is not a perfect setup there is something missing but my mind was forcing me to place PO. Anyways very well explained,I'll keep in mind.

Regards

Nitin

[Nitin]

Didn't get any good double arrow on M5, so No trades for today. Let see tomorrow....

Keep trading

Regards

Nitin

[Nitin]

First Trade of the day on EU, entered below fresh H1 level, exit on opposite dot.

Result +25 pips

Regards

Nitin Raj

[Bettina]

Hi Nitin,

perfect !!! You got the whole piece on M5, where I exited after half of it. (wd)
How much SL do you accept on M5 ? I often see nice M5 setups, but for my feeling the SL always is to big ( psychologically ) Probably it's just, what you are used to
Bettina

[immy]

First Trade of the day on EU, entered below fresh H1 level, exit on opposite dot.

Result +25 pips

Regards

Nitin Raj

PERFECT (hug) (wd) (wd)

[Nitin]

Hi Nitin,

perfect !!! You got the whole piece on M5, where I exited after half of it. (wd)
How much SL do you accept on M5 ? I often see nice M5 setups, but for my feeling the SL always is to big ( psychologically ) Probably it's just, what you are used to
Bettina

Hi Bettina, you r trading Eu and Gu really well on M1.As concern about bigger Sl on M5, thats just not a problem as we can always adjust lot size to suite our 1% rule.

Personally I consider more than 21 pips box as a bigger aims box on M5 and avoid trade if I get any.
Sometime we have to place Po according to any close fractal levels(M15,H1 etc), I take a trade if my over all risk is still below 30 pips otherwise I avoid that. These r just my personal observations Take Care

Regards

Nitin Raj

[Bettina]

Thx, Nitin !

Of course I would adjust the position, but it's not the money. I can't bear to see -20 pips.
Cheers
Bettina

[Nitin]

First trade of the day and last one for the week On AU, Entered above the 15 min high when I saw strong momentum on 5 min.

When my order triggered a friend came and took me out lol,I set 40 pips target and it missed by with 2-3 pippet omg what a shit , However when I return I closed order manually.

Result +28 pips

So another week ended, I have taken only 4 trades for the week thats ended up in total +60 pips.

Take care and have a great weekend everybody......Enjoy!
Cheers......

Nitin Raj

[Nitin]

First trade of the day on Au 5min, closed at divergence.

Result- Breakeven

Regards

Nitin Raj

P.s- It just broke out after I closed )