Following with interest. Lisat would be great if you could post your indicators and template. Thanks in advance.
- #28
- Edited 7:59am Dec 6, 2019 7:37am | Edited 7:59am
Bugger I should have moved my stop loss up for nfp, straight through my stop loss then straight through my original take profit 
Success means going from failure to failure without loss of enthusiasm
- #29
- Dec 6, 2019 8:21am Dec 6, 2019 8:21am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #30
- Dec 9, 2019 12:02am Dec 9, 2019 12:02am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Bugger I should have moved my stop loss up for nfp, straight through my stop loss then straight through my original take profit
Although in these days of algorithm conducted trades by the big players the news events tend to not move the markets like they did 10 years ago, I still try to close trades around big events like NFP though...especially Gold and and Yen based crosses as these can get a bit 'over-excited' at such times. I'm sure you'll claw back your losses though, the hare & the tortoise
Doing what you like is Freedom. Liking what you do is Happiness.
- #32
- Dec 9, 2019 1:06am Dec 9, 2019 1:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Thanks RJ
Of course we each do things a little differently, but for what it's worth, when I trade the M15, which is most of the time, I refuse to trade against the H1. I look at H1 right after I spot a possible M15 opportunity, but I'll only enter if the H1 and M15 are in agreement. Even better if H4 agrees too of course....
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Of course we each do things a little differently, but for what it's worth, when I trade the M15, which is most of the time, I refuse to trade against the H1. I look at H1 right after I spot a possible M15 opportunity, but I'll only enter if the H1 and M15 are in agreement. Even better if H4 agrees too of course....
Success means going from failure to failure without loss of enthusiasm
Took a break over Christmas and was rethinking how I trade according to the life I have now. Its no good kidding myself, I do not have the time to watch smaller timeframes any more, so have reverted now back to H1/H4 which I do have time for. I was trying something out for the first few days back hence the lower amount of trade size but it didn't work out so back to norm. Trying to stay disciplined with what I'm doing, strict with coming out if it signals the other way rather than waiting for my stop loss to be hit. Yesterdays trade on GU was a perfect trade as far as I am concerned and what I need to look for religiously before taking a trade....I need to see a higher high preferably for a buy, but at least a higher low.
If it hadn' just reached my 50 pip take profit then the second vertical line is where I would have taken it out., at the beginning of that candle, where it signalled the other way.
If it hadn' just reached my 50 pip take profit then the second vertical line is where I would have taken it out., at the beginning of that candle, where it signalled the other way.
Success means going from failure to failure without loss of enthusiasm
- #38
- Jan 26, 2020 5:44am Jan 26, 2020 5:44am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
Hi! It is important to be patient and retain self-control. Here is a good omen for you: 
Risk Management is of utmost importance!
Hi! It is important to be patient and retain self-control. Here is a good omen for you:
Thank you for your post, last week was a much better week for me, heres to an even better week this week!
Success means going from failure to failure without loss of enthusiasm
