OR another scenario would be previous HH 22953 I don't like 30m candle for going short, for now. better wait.

Journey to consistency

My bias remains short for now. i couldn't sell it as high as I wanted to. sellers might push it further down from here. we'll see.

Journey to consistency

Another short attempt thought I closed it at 1.40$ but turned out to be -5$ Calling it a day here for Nikkei. I'll stay on the sidelines for the rest of the session until 10AM that is.

Journey to consistency

What a gap that was! closed my short at 3m 20ema, 5m candle is currently finding support at previous HH.

Journey to consistency

Momentum is heavily down on 5m,10m,15m and 30min. 4h trend line is broken to the downside, shooting star candle closed beneath it. Price is currently retracing towards 3m 100SMA which is also 1h 200EMA where I do expect price to bounce off from here ...

Journey to consistency

I have been tempted to close trades at 10pips and less assuming that I'm still ending the day profitable, but few bad trades easily wiped out all the gains. I've done this over and over again on a live account until my acc balance stood at 5$ ...

The Black Swan Experiment

[quote=VisionInc;10553321] omg so sorry I was not clear enough. what I mean is you can follow my trading and make money and in this way I intend to help. { email address deleted by staff } { email address deleted by staff } No thank you! Vision ...

helping humanity in my own small way

Picking up a direction is essential But be flexible in your approach I'm adding couple of MAs I've had before Done 3 hours of reading and studying gone back to the good old traders academy thread. I like to re read everything once in a while and I ...

Journey to consistency

And how do you intend to help the humanity ? Are you going to support MARS ONE mission ? do you have an engineering background (I guess not) or can you pour millions into the project (hmmm) but would you? Are you going to donate to the charities ? ...

helping humanity in my own small way

I'm only allowed to make 2 entries per session. So no more than 4 entries will be allowed. I think that's good enough for my method. I have realized that the more errors I make regarding entries the tougher it becomes for me to get back on the right ...

Journey to consistency

If you know how to use indicators - they can aid in your trading. You just have to know what to look for. Don't be slave to indicators but make them work for you. Bulls make money when bears aren't Bears make money when bulls aren't Pigs get ...

Journey to consistency

For drawdown to be low, I'm assuming 1. your winners have to outnumber the losers 2. RR should be 1.5 at least , second scenario 1. winners could equal to losers or losers could outnumber the winners but 2. your RR should exceed 1:2 Whatever ...

My way to highway

Pattern mutation, pattern variation whatever you want to call it, I think you have raised an important factor that gets in the way of consistency. Price does indeed move with every tick, it took me years to finally realize this simple truth - for ...

The Trader's Academy - by Traders for Traders

Not bad. At least got the direction right. And had only 1 entry. The only drawback is that I didn't let it run until my target area. I need more practice. The more the better I'll become. I wonder however if I want to keep it up with Nikkei. I think ...

Journey to consistency

I think you missed out the second chance <you can go lose your shirt, sell your house, and admit into a compulsive gambling treatment center> aside from the joke you mentioned you don't have much fo an edge ? how do you mean ? if there's no ...

(binned per thread starter’s request) Finally Making money?

I am genuinely happy to see you doing well and keeping up the consistency. When I see something like this I say to myself I want mine to look like this someday. I'm sure people who look up to you and your performance outnumbers the few bad apples. ...

My way to highway

Enough damage done for the session.

Journey to consistency

I realized that I have a hard time reading this set of candles.

Journey to consistency

A lot of problems, - I think for me at this point it really boils down to mindset and some period of trading. As far as tf is concerned I'm actually enjoying minute charts, given the uncertain nature of speculation and the markets in general I think ...

Journey to consistency

good point, 5th trade could have been a winner. but could have been a loser too. as profitfarmer suggested I guess it's about the quality of the setups not the number of setups. but I was out of the tempo. I wasn't feeling the dance. I brought up ...

Journey to consistency