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benaiah replied Oct 23, 2014Hmm... Well, I must say, getting a little uncomfortable being a bull hanging around this level too long... But still not making new lows on the lower time frames...

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benaiah replied Oct 23, 2014But don't listen to me. Look at the price
nice cute little pin bar on M30 which was preceded by a pin on H1, off of the daily low...AUD/USD
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benaiah replied Oct 23, 2014Yep, it happens to me too sometimes. Second guessing myself because of what others post. When it comes down to it, we need to take responsibility for our own decisions. Coming on a board like this to make decisions based on what anyone or everyone ...
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benaiah replied Oct 23, 2014And now your going to share your "investment password". Pleeeeaaaaase. Give me a break. Sounds like a sales pitch.
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benaiah replied Oct 23, 2014Its not the amount of time that goes by without a loss that matters. It's how many trades you take without a loss. You don't know your true win/loss ratio yet. You haven't lost with your method. You don't know how good your trading methodology is ...
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benaiah replied Oct 23, 2014I might also add, in 2 years, you've only made, what? Less than 10 trades? Sounds like a good winning streak, but nothing to write home about... Anyone can have a nice winning streak. But no one never loses.
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benaiah replied Oct 23, 2014Okay, good for you. I still think no SL will catch up with you eventually, unless you hedge in some way. Anyway, only a few trades a year wouldn't work for me, as I need to see a more frequent profit. But thanks for sharing. Happy trading

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benaiah replied Oct 23, 2014Hasn't been that low in 5 days, but I guess anything is possible. But as far as my upward target? I'm torn. Play the range? Or hold for a break out? Guess I'll decide when it gets up there...
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benaiah replied Oct 23, 2014Okay, you're not really answering the question. Only way your method will work if you never exit a losing trade, is if you never lose a trade. So, are you saying you found the "holy grail" and you never ever lose a trade? Again, I highly doubt that. ...
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benaiah replied Oct 23, 2014Ha ha, good one.
But I already went long at 8755 first time it touched down. Now the low is 8754, as it bounces one more time...AUD/USD
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benaiah replied Oct 23, 2014Yes, but all it takes is one really bad lose to erase all of those nice winners. You say you never exit a losing trade? I highly doubt that.
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benaiah replied Oct 23, 2014However, I don't think any intraday trader should ever assume the daily low or prior day low will be broken. Too risky. A lot of buyers hang around there, especially in an uptrend or range bound market... Again, just my opinion...
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benaiah replied Oct 23, 2014Interesting. So you are assuming it will break yesterday's and today's low? I'd be taking profits right now on any shorts. But just my opinion... You can come back and gloat if I'm wrong

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benaiah replied Oct 23, 2014Okay, I completely understand not using an SL on the weekly time frame, since it's longer term and it is not really significant what the price does on any given day. However, you have to have some sort of manual SL in mind. I mean how low would it ...
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benaiah replied Oct 23, 2014Have to say I agree with you now on being long. However, just looking at the weekly chart wasn't enough for me. I have to see channels line up and align in a way I'm comfortable in terms of estimating direction. But looks too choppy for me. This can ...
AUD/USD