Log In
Home
(0 votes) 
VIP Members
$378October 28, 2013
Offline
** Register Here for Free Membership to see this image/link **
A strongly acting market, takes direction and heads off.
In the picture shown, you see a trade I took. The only obstacle (for not taking it) in my opinion was the nearby orange box....But I took the trade anyhow.
And as a result it bounces up and down in a small area without taking direction.
 If you would look at this for over half a day or so. Would this mean that you still saw the entry-signal as being valid? Or would you consider it to be "not decisive" and therefor would you close the deal...even with a minor loss? Or is it always a trade taken is "set and forget"?
At this moment it's already stopped out, but for the purpose of the example...What would be your advice?
Cheers and keep the pips floating.
Generaal Goudvis
$8001983February 26, 2011
Offline
Not having decisiveness means lack of confidence in your plan in my opinion.
If you have put in the time and effort required to test your plan properly this should not be an issue.
In you example above I read into the move up as having 4 pushes already,
If the 5th push had good RR without needing to make a HH I would have been interested.
However RR was bad as things were too tight,Â
I was waiting for a deeper pullback, of the green scale,
to reset things and open up room to enjoy a trade whilst still aiming for a very conservative LH.
I actually posted that screenshot in your other thread here
** Register Here for Free Membership to see this image/link **
Most Users Ever Online: 64
Currently Online:
2 Guest(s)
Currently Browsing this Page:
1 Guest(s)
Top Posters:
koeart: 545
WeeMee: 354
fxstuntelaar: 185
Generaal_Goudvis: 141
juakali: 82
ChrisW: 81
henkknot: 70
Pepe le Pip: 58
Snejanka: 45
Gj8668: 38
Newest Members:
adminlin
Pfoozy
DutchyFX
ugochinoel
1ez1
vchimereze
Nickachino
COOPER
Michael00000
Rodj
Forum Stats:
Groups: 5
Forums: 22
Topics: 224
Posts: 2416
Member Stats:
Guest Posters: 3
Members: 2365
Moderators: 5
Admins: 1
Administrators: Theo Patsios
Moderators: cesande, glangstaff@shaw.ca, Rob S, theopatsios, sitegroundam
Usage Policy
