one more trend continuation trade.

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yes 😉

haha no way... and why.... ** Register Here for Free Membership to see this image/link **

Snejanka said
Let me share my view. I heard first about ElectroFX a year ago and my first impression was that this is really great way to look at the market but I was not disciplined enough and instead to keeping strictly to the rules I started to experiment also with countless strategies and indicators - I guess it's irresistible for new traders. At the end I really convinced myself that all indicators are useless because they look perfectly on the chart but only when you look back at the past chart - everything is repainted in accordance with what has already happened. 

Then I returned back to ElectroFX style in November 2016. Again with attempt to change something- it could not be so simple with me to obey and not change anything. I added again Fibonacci, channels, Harmonic figures. These sometimes give you great additional info but my final conclusion after loosing another month is that they just complicate your brain and not make trading easier... Theo's "locations" are the best places to look for reaction and are reliable enough as long as there is wave / trigger confirmation. I also experimented with geometrical renko which look great but give you less entries... 

After yesterday webinar I watched the new E2 videos and also video where CSV files are explained. This video was so enlightening - now I know what the EA read and analyze and find this very useful. It's so relaxing to imagine in such details. The fractal nature of market means that at every scale structure repeats itself. Timeless charts give you absolute feeling about forming of the structure layer by layer and at certain point I think you may even can ""expect" next few bars how will be formed...  

So I finally give up and my plan from now on is to stop exploring but rather just wait patiently setups and trading strictly complying the rules... How difficult is to come to such great trading plan??? Took me about 1 year 🙂

About winning & losing... If you keep MM rules - it's easy - you cannot lose a lot. When I lose I imagine how many useless bills I have paid during my life, some of which due to stupid consuming of goods that I do not need; other bills  even not generated by me but you always have to pay a lot of bills when you live "socially" - it does not matter. Bills/taxes/fees cannot be avoided and are much bigger than even 5 losses in a raw... So why should I bother by any loss although of course I want to win !!! (I get angry only in cases when my stupidity caused the loss - great opportunity to discipline myself and not to repeat mistake). 

Happy trading:)  

nice to hear your storry Snejanka 🙂

Nice Henk.

so on the first trade you trade against the purple... witch isn't ideal to trade. after the double buttom on the purple you shout consider to take a trendcontinuation trade on the purple so your short shout be a long on that one.

second trade is good in direction but your entry was to late and you didn't take profit when you needed to. your profit target is 2 purple buttoms back in this case. or you shout have brought your SL to breakeven after it went past that point.

third trade isn't really my thing as i like the level 1 style of trades to take but i understand your houghts about taking that trade. 

thanks for the trades henk.

like i said the first trade wasn't my thing to take... it's to risky for me.

what i want is that the grey line is turning or continuing the purple line. so i took a screenshot from your charts to show what im looking for. 

i just see one good trigger on the hole chart... it's in the red box. you get a pullback up on the purple line then some moves on the black line and then a pullback n the grey line... next move on the blackline is a go for me (this is what a level one trigger looks like)  and takeprofit is at the red line at the previous low of the purple line. sl one peak back.

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next one is a nice trade with a nice trigger but the takeprofit zone you took is a bit of a question for me... why there?

and i would have gone to breakeven on that short and jumped into the level one trigger long (red box ) with TP (takeprofit) on the red line. but i like he idea for the short there 🙂 if you just hold on to those triggers you will be fine 😉

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