DislikedWell, she might touch the weekly R1 (9157)again. My TL is at 9144 right now and my 200ma on the H1 is at 9147. Like I said, too much too fast. Just waiting for that special candle to tell me down.Ignored
candle on M15
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DislikedWell, she might touch the weekly R1 (9157)again. My TL is at 9144 right now and my 200ma on the H1 is at 9147. Like I said, too much too fast. Just waiting for that special candle to tell me down.Ignored
DislikedThat is a very bearish view...I'm quite new to all these terminologies, can I ask what DD is and MM rule?Ignored
DislikedDD is short for Drawdown - how far against you you're willing to let the trade go before either calling it a loser or seeing it go in your favour. Basically, it's the distance between your entry and your stop loss.
Money Management is what it says - among other things, it's the notion that your maximum drawdown (value at stoploss) should never exceed 5% of your total equity. For example, if you have a $10,000 account, then, at stop loss, you should be looking at a maximum of $500 loss.Ignored
DislikedGeorge, have you ever considered selling more at a higher price to raise your cost basis so that you can exit a trade at B/E? This way you never have to lose on a trade again.Ignored
DislikedMarc,
I have, but it's something I almost never do because I have an intense dislike of overcommitting equity to a specific instrument. I'd much rather go and use that cash to trade something different and hope that, worst comes to worst, the winner and the loser offset each otherIgnored
DislikedShe is really trying to break through the weekly R1 at 9157. I am absolutely amazed at a 160 pip run on this pair in one daily candle!!! I just don't believe it. Can she really break through? My H4 has her getting ready to come down and all of these MA's, TL's, R's can't hold her back! WOWIgnored
DislikedShe is really trying to break through the weekly R1 at 9157. I am absolutely amazed at a 160 pip run on this pair in one daily candle!!! I just don't believe it. Can she really break through? My H4 has her getting ready to come down and all of these MA's, TL's, R's can't hold her back! WOWIgnored
DislikedShe is really trying to break through the weekly R1 at 9157. I am absolutely amazed at a 160 pip run on this pair in one daily candle!!! I just don't believe it. Can she really break through? My H4 has her getting ready to come down and all of these MA's, TL's, R's can't hold her back! WOWIgnored
DislikedAlthough, take a look at the 15M candle that just closed - sometimes, it seems like this whole day has been an exercise in proving the fallacy of technical analysis!Ignored
DislikedAlthough, take a look at the 15M candle that just closed - sometimes, it seems like this whole day has been an exercise in proving the fallacy of technical analysis!Ignored
DislikedYou know... it broke the TL on the H1 and 15min but in all honesty it has not been confirmed by the H4. I'm not trying to make a case to make myself feel better but it is something to consider. My H4 doesn't close until 1pm est.Ignored