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- Neytiri replied Feb 27, 2014
Ghous, I am trading demo. I failed to analyze the chart as you did and should have been more careful. I would love to go for high RR trades in the future. I know trading more might become an impediment to my success in trading forex in the long run. ...
Mastering the Art of Trading
- Neytiri replied Feb 27, 2014
Ghous, I would love to go for trades with a high risk reward ratio. Its just that at this stage of my trading career I have not developed the patience to wait for them. I am working towards developing that patience
NeytiriMastering the Art of Trading
- Neytiri replied Feb 27, 2014
p.s. i got stopped out ... i had kept the stop loss too closeMastering the Art of Trading
- Neytiri replied Feb 26, 2014
Ghous, In fakeout trades, do you place a limit buy order at the lls waiting for the retest to take place? Or is it like you wait for the retest price action bar to completely form on lower time scales (say 1 hr) and then make the entry. Also, do you ...
Mastering the Art of Trading
- Neytiri replied Feb 26, 2014
This month the number of trades has been quite high -- I think 15 fakeout trades, out of which 4 went horribly wrong. I know the number of trades is quite high. It is probably because most of the time I have kept the risk reward ratio quite low. N
Mastering the Art of Trading
- Neytiri replied Feb 26, 2014
You are so right. Logic is the way to go. I think mentally I should try to be OK with the drawbacks of taking profit at first logical area. Look what happened soon after I took full profit - price shot up and then retraced back to where I took full ...
Mastering the Art of Trading
- Neytiri replied Feb 26, 2014
Ghous, Price rocketed past my take profit, but it is making me feel bad. This is one huge psychological issue that I am facing on each and every trade. I take the profit at a logical area and then price blast through it. I promise myself before the ...
Mastering the Art of Trading
- Neytiri replied Feb 25, 2014
Fakeout followed by a nice rounded retest of brn 0.8. N
Mastering the Art of Trading
- Neytiri replied Feb 25, 2014
Hi T, Welcome to this wonderful thread. Right now at this stage of my trading career, I am not too much bothered about Risk-reward. If I see what I perceive is a good setup, I just take it and close the position at trouble areas. But I don't know ...
Mastering the Art of Trading
- Neytiri replied Feb 25, 2014
Ghous, I took this GBPUSD fakeout trade today. I entered when price closed above the 150 ema. It was a late entry. In your experience, if the fake out is off key support/ resistance regions (in this case brn 1.66), is it O.K. to take the fake out ...
Mastering the Art of Trading
- Neytiri replied Feb 25, 2014
Its four hours after my entry now. It's not moving an inch. Patience.
NMastering the Art of Trading
- Neytiri replied Feb 24, 2014
Here is another one that I took late yesterday and I am still in it. The trigger for me was the 2H BEOB. Considering the fact that the HHR lies in a key weekly ppz (please zoom out), I thought price might just shoot down a bit to the next fib level. ...
Mastering the Art of Trading