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So far so great!
Had another commerce on the past night, I went long on AJ for fun, it seemed like it was bottoming out soon anyhow, so I left it immediately as the market is really slow due to insufficient volume I would say.
I was down for some time and it turned in my favour this afternoon I rode up it and got out after both components I had in were in profit, I was getting pretty tired I must say. 15mins later it taken up another 30 odd pips! , that'll learn me
That will do me for this year anyway, so far while trading this manner I haven't reserved a loss and normally earn ~0.02% of account balance each trade, that's pretty good considering I am trading against the trend! (is ther a trend??)
I am being pretty conservative though and that I might ramp it up a little once I am a bit more familiar with the amounts, margin is the big one to see here more so than risk, especially when I go live with a substantially bigger account, I don't want the call I'll never get
Very 'flat' market day for me today, apartment as in continuous trend against meo
I'm short AJ with about 5 units in, sitting comfy though with just a third of my hazard to gain back, if and when the swing back happens I'll be set to capitalise on it. There have been short swings although maybe not enough for me to bother banks the takings, best sit for some time until we get some volatility and ch up then.
I was planning to have an easy moment! The biggest problem was jumping in too early and not getting a sense of the market.
On a fantastic note, however, I pulled myself into the deep end again twice last night and swam my way out with tidy profits. As soon as it is possible to pull off trades like this and still make money it's a real confidence booster I must say, I'll start to twist in my chair once I reach my risk tolerance though but I still have loads of space right now.
I'll post the results back later.
Outcomes:
I was pretty much ahead and it seemed like it was going in my favour - quite slowwwly - so I put in two or three tp's for my first two units and went to bed. They got filled and I walked away with $151 (about 0.15 percent/day) for a losing trade
I opened the accounts about 1?1/2 months ago and have been trading this way for about a week, so far I've made 2%, not bad but hard job! I enjoy this kind of trading however so I'll stick with it and see how it stands out.
Here is the last few transactions' chart.
Box 1 is the previous trade brief - triumph
box two is last nights commerce brief - triumph
box 3 is todays commerce long - triumph(ning) still in as the bus is turning my manner
In amount terms I've put at least 1% on my 100k accounts at 2-3 days. (rough calc - 20k lot = approx $2 pip = ~500 pips)
The next commerce is the kicker, I went on goal in a marketplace that was clearly contrary to mepersonally, it is a wild ride and I really did lots of scalping to acquire the publiion square. Only once was I near my 'first' risk (20% of 1k = 200 risk) and I was not worried in any way, in reality it was fun but I wouldn't trade like that for a living - it is hard work!
Anyway back to it, let us see if I can maintain the winning streak
Edit - I am outside with another 20 or so pips, had sufficient now, might provide the road fighting a rest tomorrow and try to get on the right bus and see if I learned anything.
https://www.forexforum.co.za/attachments/1518162680.jpg
Yes, I dropped in backward. My risk according to a 100k account is 1% (1k), then I broke my risk into 5 lots so my exposure was even less. I never even got near my risk tolerance which made it comfortable, it also allowed me to be averaged in once the transaction come back in my favour.Quote:
Originally Posted by ;
This is not really the way I want to exchange but if I want to rescue it it has its own merits. If you do utilize this egy just be sure that you're on the ideal bus rather than over exposed at the beginning
I'm actually at a real bull commerce at the moment I threw myself into on purpose to try out some MM with to save, so far I've scraped back a few pips and gradually scalping enough to balance the book, even with an entrance or 2 still in the red. This is the secret, if I will get my book square and also the transaction still goes in my favor I can even take a small profit if I'm blessed but I'm very aware I'm on the wrong bus so it'd be sensible to Loe a channel and get away
That was a good trade.
So that your overall risk was the same, you just averaged in, is that correct? I like that way of trading; I thought about using it.
Yesterday and the trade above's have opened another door, now I need to walk through and have a appearance.
I will not be trading 'correctly' for some days/weeks, I've got some serious work to do for this, essentially I will put myself on kamikaze duty for some time to practice my 'rescue' egy/s and work out how to use optimum MM to bond me out.
I'm getting a completely new perspective in the marketplace for this I'm discovering invaluable.
I shall post some trades sometimes and my progress simply to log them to not be taken overly seriously though, it will just be entries and the outcome of battle.
The MO on this is to get/keep the book square, this will involve searching for quick plays and taking profits when possible to take the border of the current losing position until it turns profitable or .
It is not going to be easy and I've already fought a few these battle and they can become very drawn out but the attention that you put on the market is far more intense than when You're winning, that is the practice I'm after
Well, whadoyaknow! It functioned, I walked from the with a tidy profit!
I cant post the graph only now (distinct PC) but basically I ran out of time to watch so that I specify a take profit stop just below support so my very first unit made about 20 pips. I had another stop about 15 pips above the price on the chart but it didn't get filled.
That I may have been lucky, maybe not but I believe this has some merits.
If you comit to a commerce you need a way to fight for it without being wiped out too early, this egy appeared to work well. I was not anxious to move either way comfortable in actuality, and it worked out ok in the long run.
Have to explore some more then I'll post my findings, it might not earn as much profit but it is definitely a safer way to trade.
I shall no longer be submitting pip gains, not at the pure gain sense anyhow they no longer mean a excellent deal to me anymore and I'll clarify.
I will not go into great detail just now but while refining my MM egy I created a few personal discoveries.
Basically I have been looking at pips gained/lost for measuring my progress in reading PA and assessing the current market, what I have not been doing is watching these gains/losses do to my underside line. As I'm just on a 100k demonion I have been just buying full units for every entry simply to see if my purchase in egy retains water, it does for obvious reasons but in addition, it has a bad side effect - it chews big chunks out of your book when it goes against you.
Whilst watching a commerce go bad you're always just waiting to obtain an exit or a good change - this is 'trust' and it's bad for the trading. My risk is 1% so it's possible to imagine that using two or three units in and 50 pips from you and looking worse it becomes scary!
That is exactly what brought me back to acute MM study, I will not explain now as I'm waiting for a current trade to perform out and if it does I'll post what happened, how I felt during the trade and why I think it's some merit, at least for me personally.
All right, I'll post the chart , feel it or not I feel quite comfortable here, I'll describe whay later. Put it this way, I'm not even a quarter to my hazard allowance
It might work but when it does not I'll be quite ready to bring a loss of this size.
https://www.forexforum.co.za/attachments/1518162652.jpg
Yesterdays trade update:
Small disaster! Down load 156 pips.
That's my main loss to date (with this account ). I am still positive for the week ( 1 percent of accounts) but I'd normally not let this happen - lack of patience and an excessive amount of hope I am afraid.
I was long according to my entrance details previously, I was in front at the same stage and was considering taking a fast scalp, considering the type of market I should have, I might have netted 30-40 pips.
I then went short after realization set in that it was going to go south, this is where the overnight stops captured me out again.
I might have made a little profit from these trades (I had 3 units in) with 2 in front and one at a negative position but I had had enough of the market in its current condition last night and I put my stops near the winning positions only to be caught outside by about 10 pips.
Evaluation:
I heard a good lesson, the marketplace was in a top in the previous day's rally, there was a bearish pennant forming which I set down to some correction and was expecting a further rally which didn't come. That's fine, the thing that I did not anticipate was the flatness of the price.
In a marketplace like this I believe I will have to take a scalping type egy (If I move in at all) and take volatility at which I can, I had a few opportunities to do that yesterday and I reckon I might have pulled out 100 pips just by scalping but actually, I might be better off waiting for the PA to tell me which direction it is going; either that or learn how to e better
I will have to think about that a bit farther, if my book looks good it could possibly be well worth it but I won't be trading like that with a fresh book (ie. Not in gain for the week/month). This may come which today, I expect to finalise.
Ok, this really is the start of my plan outline. I'll post these graphs to provide a picture of why and how I could enter a trade. As with almost any trades, nothing is sure but you need to have a motive to get into any market. Every set up is different but these graphs at least provide a high view of their entrance criteria.
I do not draw trend or S/R lines like I can see exactly what I want to in the purchase price. All preceding PA is that and is old news and should not be taken overly seriously.
That said I do not feel the marketplace is totally arbitrary, as likely the majority of traders - new and experienced alike - utilize TA like fibo/pivot points, trend lines et al, they really do possess the 'self fulfilling prophecy' to some extent when there is a steady market (ie. No large CB sell offs etc.) so that I do keep a look out at those more obvious things in the PA..
Charts:
I would class my style as 'day trading' therefore that the first thing that I look at is your daily graph to get a sense of market sentiment. Line 1 shows the general trend management with line 2 showing the major S/R. If you look over at the blue box you can also see that this was also a previous service amount.
Next I'll drill down to the 1 hour to get a close look at what is happening during the day and affirm the daily trend is still in place. Taking a look at the graph the S/R degree is very obvious, there is a nice hammer shaped at the blue triangle.
I'll then drill down to the 15m, this is where I start paying close attention to PA, notice the trend here is awaiting (1) and we have S/R at (2). We have to take this for what it is, it's down mainly due to the recent break of S/R is having a return to S/R.
Then there is the long white candle at the change point, it's not a great bullish engulfing pattern but it's looking great for an entry long, let's take a closer look.
On the 5m we can see the way the bullish candle from the 15m has been shaped, I was watching this, seen a slight stall in action then waited for this to make up its mind which way it was heading before jumping so long at the horn.
This is where I spend a good deal of time following the entrance to keep a watch out for the PA, there was a slow pull back which ended up forming a hammer which made me feel somewhat better and lasted on slowly upwards. The reason it's slow I think is do to the up coming S/R, this is where I'll be looking at PA very closely to get a change or break out long.
Once in and also the 5m is appearing strong I'll jump up to the 15m and keep a watch out for it there, I remain there while the 15m PA looks great, if it start to show signs of flattening out or alteration I'll jump back to the 5m to take a better look at PA..
If I am a reasonable way ahead I'll give it space to maneuver, typically I'll only watch the 5m to make certain that the pull back is stalling, if not I'll take action as required.
What that action is I'll discuss in the upcoming posts and a lot has to do with my MM plan, basically if I am well ahead I may liquidate the majority of my place leaving state 1 unit to perform the move, by that time the device was basically free and it gives me a opportunity to remain 'in' the current market, I believe that's important, largely if I get a run away price movement in my favour, I am already in, I do not wish to jump onto a moving bus that's going too fast!
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The rules part is a bit loose at the moment (they are more embedded in the plan I think), it is nearly impossible to get hard and fast rules trading PA but I'll try to firm them up and put them on paper, then we can compare, I'd like to here some of your rules too, every little helpsQuote:
Originally Posted by ;
I would be interested to find out what they're, Mick. I trade discretionarily also, but there are a number of rules I (almost always stick to.Quote:
Originally Posted by ;
Now's commerce:
I am in long on the A/J pair today @ 98.93
A bit insecure looking at the chart actually but that I might can a few pips on the run up to immunity at 98.30-ish, if it makes it past I'll buy in again and see how we proceed.
I am really beginning to receive down my egy today, as I find time today I'll post it with a few rules so that I have something to abide by.
Like most days, involving 3-4pm Aussie time the market makes a little bit of noise (due to the near Aussie and also the impending close of Tokyo I am assuming) so that I had a chance to do some active trading.
I put my stops to the initial 2 trade to the purchase from the 3rd with the 3rd SL set in the ATR a bit. I only just got stopped out - that is what I get for leaving the ing!
I jumped back in and purchased another unit and after that it was time to stop, the marketplace was looking flat so that I snapped outside and called it a night.
I have mentioned it before but I know if I'd have been trading live I might have maximised my profits on this trade I wouldn't have lost the initial two units and that I would of held a bit longer before quitting. That is great to know at least I figure.
The real bonus with this sort of trading is once you get a good stash of pips you can start working the greater time frames as you've got much more room to proceed with the PA and a larger potential to compound even farther, by that time you are employing the markets cash and may use a bit more danger - not by making risky choices mind you, just the fact that you've got more room to breathe.
I'll edit and post the pips to get yesterday shortly, here's the chart.
EDIT:
Unit 1 = 72 pips
Unit 2 51
Unit 3 = 61
Unit 4 = -14
Total pips = 170
Not bad, if I'd have been watching and didn't get stopped out there might have been an extra 122 pips! (unit 3's movement), then there is the movement which I missed
https://www.forexforum.co.za/attachments/1518162667.jpg
It is a slow old afternoon but I'm finally inching ahead (up 80 pips as I type), I will be in set and forget mode shortly so that I am going to need to see how it goes in the afternoon.
I will put my ceases to take a gain on both components (I had been in again at 255.77) and let it ride. I have a play and may check tonight.
I have been thinking about my buy egy, I'm thinking I will use the ATR plus a bit for the next buy-in target dropping to lower tf's for a good entrance, I'm jumping the gun a bit in this regard and if the price goes against me until I get a good footing in the past unit it starts to get scary as it is moving against me.
I think this will allow me to get out in gain when the PA is telling me it is all over, I will take a little loss on the previous unit but have enough gain on the prior unit/s to equilibrium the blotter and make it a good trade.
Todays commerce: extended GJ @ 225.567.
The market is flat at the moment following a huge sell off (I'm going to have commerce during the night to grab this action!) . I'll be sticking to the plan but I'm not going to look at the 1m graphs today, I think that the sound is too much and contributes to premature decisions - I'll try anyway unless I get stuck again.
Once safe it is to the 15 and moment to get up and then on the 30m.
After that market off there might be a fantastic chance to take a few pips while the market find its equilibrium again - or it may just keep going down, who knows but I'll be watching carefully.
Yep I don't care how good it looks. I had been ing with all the A/J for a couple of days and while a few pairs do similar things, things can change pretty quickly if you're not in tune.
I could write a novel on that trade I reckon, The only thing which kept me positive is my pip balance on the blotter wasn't actually that bad (some still , a few -) until the final flat spot prior to the surge upwards which enabled me to escape.
Fti's TA fallacy ribbon and philosophy saved my bacon and offer me a flavor of battle, I did not enjoy it actually (or did I ) but it was a fantastic lesson of being 'in the trenches' so to speak.
That is undoubtedly among the market principles that you can live by ....don't sit there hoping, just fix it and move onQuote:
Originally Posted by ;
Wow!, what turned out to be!!
I was talking with a high voice for a while but I made it out with a couple pips gain, I can't remember how many but it was only a couple. I was in too much rush to rely
Another lesson learned - if you make a mistake, fix it as soon as possible!!
I had a few opportunities to get out with even a reasonable gain (nearly 100 pips at the same point), I was watching the activity and got greedy, I adhered to my buy in egy only to have exactly what I was saying bite me on the arse - I even purchased in again but I am happy I waited or it could have been a lot worse.
This is a tough one to test, the plan even worked to rescue me in the end although I could have been outside a good deal earlier, it would have saved me a few hours grief.
I was nearly going to bight the bullet and give up if it moved beyond my previous days lt;editgt; 1st entry, it was cooked by then but I followed the PA and it was going apartment only now, a chance came along with the cost reversed enough for me to escape with my clothes on.
Basically I kept an eye on this pip complete, it was going south nearly to my brink before it went flat, I decided to hold on a little more to find out what happened - it was worth it - this moment!
https://www.forexforum.co.za/attachments/1518162634.jpg
Well, the 'mistake' commerce I put on this morning is exercising ok, so far I'm up about 40 29 = 69 pips, I'm fighting the urge to buy another lot as it is progressing but history shows them 'impulse' purchases can take more pips than you may gain if it goes against you.
(Self: make sure you read this regularly!)
For eg.
I've 70 pips up my sleeve, if I buy in today and it goes against me 20 pips, I not only shed 40 of my 70 but additionally 20 I didn't have!
The other side to this is when I don;t buy in I'm really only missing out on 20 pips when it goes in my favor that much, I will still be getting 40 in my original place.
The plan that I Intend to employ then is to Await the correction to bounce, then pounce
I eventually pulled the pin this morning as the A/J was coiling up in the 97.00 mark. Now I was still down 2700 in my blotter but I had managed to construct my book up to over 115k, and so I reserved the little loss and still walked away very happy with a 11k gain (or there abouts), the action blotter below.
My 'view' at this stage is that there is a fantastic prospect of the price heading south but I'm not jumping in again until I see some conformation, it might well break resistance in 97 and mind skywards which is what the daily would cause you to think.
I've learned volumes on this trade! MM - margin and vulnerability, MO - what's my target and stick with it, PA - I've been using fib's into 'expect' price entry and gain goals (after a quick read over in Skunny's ribbon) and using these the last few days has been amazing! I'm not leaving home with no golden ratio, it was a real eye opener
Anyway, I'm likely to have a break for a day or two, play some fib's and some numbers as I find time and fine tune my entry and exits a little more. I also need to crunch some numbers to suit my measly 1k account once I open it soon
https://www.forexforum.co.za/attachments/1518162319.jpg
A quick update:
Through the night I put my tp's at some fib levels I put yesterday and many were struck to leave me with a negative on my blotter of just -$2500 and an account balance of approx. $ sweet!
I started up this morning to watch a couple more struck my 1.618 fib level only to miss it by a couple of pips then watch it plough down to the -0.382 degree. I had been buying in 12500 agian .
Looks like another long day, on the bright side although it's hit the lower level and it is clawing it's way back up so let's see if I could pull a few more k out before finally calling it quits with a very reasonable profit.
Following 4-5 days I'm making headway, if I closed out my position now I would be 2k ahead! There's still a bit left in the tank I hope to close out my other damaging components in gain and it'll have all been worthwhile.
https://www.forexforum.co.za/attachments/1518162317.jpg
Believe it or not, I'm still long about the A/J! My blotter does not seem to healthy at the moment but I'm still taking gains as they become available on the swings.
So far I've had this position for three days and I've pulled out a considerable amount.
My goal in the very least is to acquire square where I was another day or much better, if the purchase price keeps rallying upward though I will keep hanging on until 'square up' my blotter and call it a day if it seems like it will return again.
This will still leave me with a fantastic profit.
When I have something I'd change on this kind of trading is my own hazard, this is a very competitive position, I allowed myself to danger 10% of my funds with this 1 position to see how I'd manage it, exactly what the margin could be etc.. Thus far I've got to around $6500-7000 potential loss but in saying that I've also pulled about $4000 in small profits so that still leaves me with a loss of around $3000 so I still have space to hold on if I want it.
I'd probably bring my danger back to 1-2% if trading this sum however, but I could try this with a small amout, state a $1000 accounts simply to build it somewhat quicker. If I can bank a couple bucks early I will then use the home money to keep going high-risk else start again until I build a half decent account size.
Scary stuff indeed!
P.S. see also the take gains in my personal activity blotter, these were set overnight, I might have played a bit better if I was watching the action, ie. I'd have held several transactions a bit more time to compound the gains. At the stage though I was happy if they all got closed out to get a little profit
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Happy New Year All, wish you all the best on your trading this year!
I'm still on demo to get a little until the market settles into the new year, I'll open a live account next week, probably 500-1000$ to begin together and see how it goes. Working out a safe position size to protect margin is going to be the toughest first obstacle but dependent on %ages that I've been using I should be okay with mini/micro lot sizes.
Here is my activity record so far this year, I am pretty pleased with it
I need some way to plot an equity curve out of my reports, I am guessing I will have the ability to with Oanda once I go live, you will find a number of options disabled in demo mode, we will see.
https://www.forexforum.co.za/attachments/1518162310.jpg
1 Attachment(s) just closed out the first 2 postions to get 122 103 pips respectively, I may have been somewhat quick at pulling the trigger however, price has just continued somewhat about the 1m/5m, may be a little noise but I did not like the PA so that I did some banking
As we talk I still have 2 units in and they are both optimistic, I'll now be watchin closely for potential buy in or quick exit with small loss with this 'free' trades (ie. I'll give them some room for sound), if not I will hold them for a longer duration given the tendency remains strong.
UPDATE: shut out other 2 components for 3 and -14 to get a small loss of 11 pips, PA is undesirable now and it seems like a correction may be round the corner, I'll be on the lookout for a re-entry if trend continues - waiting
Not a bad transaction total 214 pips.
In again using the AJ, also bought GJ long by accident then bought another to bond me out since the set have been trending in my favor generally, we will see.
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I made my rankings open immediately using a SL that would have left me with just a tiny profit. If I had have been trading live I'd have nursed it a bit further with a more rewarding SL and additional open positions, here's how I'd have played with it -
https://www.forexforum.co.za/attachments/1518161658.jpg
Makes Great sense to me
That is really something that I should have mentioned before. What I said about waiting for pub closes I implament on Entrance only.Quote:
Originally Posted by ;
I find it like that....
ENTER ON THE FACT (the researching pub, you know cost is pushing farther in that way, which has increased your likelihood of success.
EXIT ON THE FEELING(when you smell the Off fish in the atmosphere, dont stay around and keep sniffing, you dont need to be there. There will be more chances to input something you feel confident about afterwards)
Other people may not agree with me in my methodoligy, thats fine, whatever they find to function...(for them)
Leon
EDIT: Obviously, taking in to consideration trend and TL's, Paterns and such is important aswell
Saying 'thanks to the advice' was somewhat curt Leon and wasn't my intention in any way, sorry about that was that I will take it into consideration.
When you state expolorer pub and act on the next candle, do you use the exact same concept for exiting a transaction? At times the move against you may be fast awaiting the candle could be quite frightening!
It'd be my joy Leon.
Yep, new furniture, I'm looking out Oanda and that I like it so far I must say.
Thanks for the advice, luckily the price went in my favor (long) but I'll be keeping a close eye in the lower charts to control exit signs or opportunities to maximize my position.
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Hello mick,Quote:
Originally Posted by ;
I believed I'd be neigbourly and come for a coffee in your residence, I like what youve done with the loion, brand new furnature?lol.
Im not saying that I know any better, But try to only enter on 'Exploring bars' they are the principal pubs which are telling you the story, and if you can resist the impulse then wait till it closes.
The reason I state this is because looking back on charts, I can see my set-ups, and also how what im doing DOES work.... If I wait for the bar. In addition, I jump the gun myself, But in 1mins time(by the time the bar closes), it could look really different!
Anyways, the coffee was good, but next time can you have some shortbread prepared for me?! hehe
Leon
!
Should....control....urge. .to maintain market...
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Here's a couple shots that gives an idea how I'd play price action to preserve capital. They were posted by me in the TA fallacy thread but put them to remind me of what my egies are all about - ie. Losses, adhering to the market, not combating with it and big winners.
I'm very happy to jump on the bus going the other way as soon as I see it turn, I'd only do so typically after I have been in that particular marketplace for a while, else I'd just stick to transactions in the 4h/daily direction for hopefully a few added safety.
A great deal of traders hope to the SL/position sizing procedure for MM, I agree in principal but that I do not agree it is a place and forget egy, IOW, reduce the loss brief if PA is telling you your on the wrong bus! I really do utilize PS'ing for my entry and use the quit as my 'disaster' stop only, I think that it can become obvious pretty fast if you wrong or right, a sample below shows this.
I'm really short again as the PA @97.79 is signaling any weakness, If I can nurse it via the 5m graphs I'll start to anti up and stay in for as long as you can.
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Reading TAOW and being a little quiet as I've been busy and seeking to relate the meaning of the chapters into trading, how I see it at least.
I've also starting using the Oanda demo so I've been playing more than anything else to see how it all ticks and I am growing very fond of it actually.
Last evening I put on a commerce using the A/J and this morning I had been up over 120 od pips (I had two units in, one at 80 od pips the other at about 40 so far) I place another on this morning as well so we will see how it goes.
I've really just been seeing price action and getting a sense of the current market, once in I then nurse the trade from the lower TF's up to say the 15/30m and monitor it looking down on occasion to search for early signals of weakness/strength for additional buy-ins/closing of trades. I consider the time frames as well, all the time seeking to relate what is going on out of one TF to the others.
I will begin posting some serious trades soon, I am also eager to go as It will 'make' me take it a little more seriously and pay more attention, together with play money I can always just 'put my cease and TP' and leave it leaving me open to bigger losing trades over anything else. I really do believe in SL's however I love to have them for emergencies only (ie. Away from price actions) to provide space for the actions but if the market is telling me to run I really do
After yesterdays more or less success I will be rethinking the egy a bit, I shall still be using exactly the same MM egy but my commerce choice and management is going to be based purely on 'current' price actions.
After reading 's enlightening Tecnical Evaluation Fallacy thread, that was basically how I exchanged yesterday and I believe I picked my entrances and exits quite well. I had been working the 5m graphs since they were moving fast enough for me to 'see' the cost action but slow enough for me to take a peek and analyze what was happening - quite slow in fact but enjoyable none the less.
I will be dring back and forth between the 5 and also 15m graphs today to secure better corrected to the more time frames working my way up to the hourly or perhaps 4h where there are more pips each move with more of a chance for scaling in using more positions - there is also less labour on the peepers
I'm also reading The Art of War in the moment (google it, there are lots of free versions on line/for download) and I'm postponing any critical trading efforts until I get my head around my approaches to take care of different cost action situations as they happen. If there's a common theory amongst traders/commentators it's that nobody can forecast the market and enjoy warfare, no matter how much you prepare your army based on historical or perhaps breaking information, there's absolutely no guarantee that you can win the battle. You need to be well prepared to deal with adverse situations as they arise and make the best of them - good or bad - when ever possible, don't rely on old or hope analysis and don't be indecisive on your activities, the market takes no prisoners!
Todays transactions:
Yep, I'm just trading little as I'm concentrating on cost action only and I'm just counting pips for and against, the profit is in us but I think that it works out to about 150 pips for the day which is pretty good seeing it is off hours and 7 pip spread needed to come from the six transactions too!
Lt;editgt; the empty boxes were buy/sell stops that I canceled.
https://www.forexforum.co.za/attachments/1518161651.jpg