Trade 16. Failed up trend trade with a reduction of -48 pips (-$24.30) in three days.
Trade 17. Successful sister trade in a new down trend, using a total of 16 pips ( $12.76) in 20 hours.
Trade 16. Failed up trend trade with a reduction of -48 pips (-$24.30) in three days.
Trade 17. Successful sister trade in a new down trend, using a total of 16 pips ( $12.76) in 20 hours.
Trade 18. Sometimes you miss a trade for 1 pip, along with other people you find that a 70 pips pullback just before reaching your target! Successful down trend trade using a total of 124 pips ($74.34) profit in two days
Trade 19. Eight days spent to get an up trend that only failed miserably with a total of -32 pips ($11.60) loss.
Trade 20 . Failed down trend commerce on CADJPY (again) for a total of -16 pips ($11.01) reduction )
Trade 21 . Speedy profit at beginning of a new up trend for a total of 13 pips ($6.72) profit.
Trade 22 . Took exactly what I could in this upward trend for a total of 48 pips ($18) profit.
Finally the master creates a thread. Congrats and hope that you amass lots of green pips. Sometimes we have to be patient waiting for the tendency and it makes many traders fail because they can not endure waiting a long time.Originally Posted by ;
Hi! Well, it's a bit excessive to talk about a master, I simply try to trade trends the better that I can, but thanks for the intention.Originally Posted by ;
Yes, trade by trade I am studying to be patient, I am increasingly convinced that it's one of the keys to success.
Thank you for stopping by and I hope you're doing well also!
seemingly it's a key ingredient, but unfortunately for many of people are still struggling to comprehend the language of market not understanding enough amplifies impatience, they go hand in hand a total destruction if one is not careful with risk they're taking while in the still learning stage.Originally Posted by ;
It's a key component, and one thing that you need to understand is that the market test you again and again, so that you have a system with rules in place and act appropriately. Look at my commerce 20 on CADJPY, I was some 100 pips in profit, and my rules telling me to not exit, then the market retracted along with the commerce terminated at a reduction of -16 pips. Can it be a bad trade? I think that for many yes but for me not, even when I lost those 100 pips, because I exchanged by my rules, so learn to be patient and learn to lose rather than be frued by it.Originally Posted by ;
I am still trying to ch a fantastic trend in CADJPY (more than 100 pips) without success but I know it will come...
Trade 23 . Quick profits at the beginning of a new downtrend totaling 15 pips ($10.46) in profit.
Trade 24 . Could ch 33 pips ($21.13) within this aborted up trend. Not yet the actual thing...
Trade 25 . Really nice down trend recorded on EURUSD to get a total of 124 pips ($61.94) in profit. There is nothing indiing the down trend was about to stop but that was my profit taking target.
Trade 26 . New failed tentative on CADJPY to get a loss of -59 pips ($43.08)
Now that's how it should be done riding the waves I'm sure surfers feel that rush also a sense of achievement.Originally Posted by ;
If you ride the tide for instance on 1h do you look at greater TFs such as daily or 4h?
I do know the benefit of concentrating on couple of pairs
but why EURUSD or even CADJPY?