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Dadas replied Oct 1, 2013So, the conclusions are clear, clear as they can be! Every time you use a tight SL, that's what you are going to get! Maybe, by chance, once in a while you will get lucky and take some more Pips. The only way to Profit is to Take the Profit when ...
Price Action in Day Trading by Dadas
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Dadas replied Oct 1, 2013I ventured out for 20 Pips. Went Long by Buy Stop - everything worked fine. When at +10 Pips, I put SL at +1 Pips. That's all I got, oh well... image
Price Action in Day Trading by Dadas
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Dadas replied Oct 1, 2013That trick just never works for me. I guess it's better for me to Close the whole Trade instead of playing around. image
Price Action in Day Trading by Dadas
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Dadas replied Oct 1, 2013Today, since on GOLD I didn't get the chance to Short on the previous H4 Close, I have to wait for my current H4 to close in order to see if I can go Long. So, having some time, I decided to have a look if I can find a Trade on EURUSD by Body_ATR(2) ...
Price Action in Day Trading by Dadas
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Dadas replied Oct 1, 2013Following up, still, there was a pending Buy Stop. It got triggerred when I wasn't looking and went opposite direction. Basically, I didn't want it to get triggerred just then, but if it happens, I don't panic. I manage my Trade instead of asking ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 30, 2013Following on that one, here is the current situation on GOLD: image You see that a cycle has completed. Thus, expecting the Big Pips now, would be unreasonable, though possible. To be on the safe side, if you're looking for a Trade, you should be ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 30, 2013So, now, using the Heiken-Ashi Candles life becomes even more simple. One must only adjust to/understand the way these Candles are plotted. They don't exactly represent Price Levels, thus a Price Line is very useful. So, using the Daily Range Lines ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 30, 2013And now, presenting, the latest upgrade to my method: image What's the upgrade? Heiken-Ahsi chart! Having my tools, including the plotting scripts, all I must do now, is learn to identify the PTECZ on the Heiken-Ashi Candles, which is not a ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 30, 2013ena816 & EaglePip, I can clearly see what stage you guys are at. Don't worry, it will come, just needs a lot of chart-hours practise and thinking. Obviously, I see that you are still very emotional and thus can't see clearly. I'm talking about Price ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 29, 2013"Consistent, repetative action upon similar Market conditions confirmed with the help of a checklist is the whole secret to success in any trading. Not being able to make up ones mind is a guarantee for failure! All the rest is just plain BS talk ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 29, 2013I've been thinking on Philipp's EURUSD Short Entry for Long Term Trading, because as you can see, he Entered on a classic SD pattern, yet he was nearly SL'ed and thus he has been under a lot of psychological stress and uncertainty. This is a good ...
Price Action in Day Trading by Dadas
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Dadas replied Sep 28, 2013For Long Term Trading: image Estimated Pip Potential: +150 Pips
Price Action in Day Trading by Dadas
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Dadas replied Sep 28, 2013And, that's your homework. It starts during the weekend. It continues every trading day! Do it, always, you will lessen your risk to minimum possible. Forget to do it just once, and you're in big trouble!
Price Action in Day Trading by Dadas