PDA

View Full Version : Trading with the Edge.



jotean
01-29-2008, 12:25 PM
There are a few rather sharp minds on this website(genuine intellectual heavyweights) and I've had the fantastic chance to read their deep discourses on which constitutes a border. How with no edge one is trading using negative expectancy, etc.etc.
Assuming level playing areas (no insider information),IMHO a border is nothing more than the ability to recognise recurring patterns on the marketplace. I believe money management and pattern recognition would be as good an edge as you can hope for.
I'm starting this journal for my live trades with what I believe is my edge.
I will be trading Cable on intraday basis. I will risk 2% or less per trade.
I use no indiors to enter or depart my transactions. I do use Pitchforks and Fib Retracements to analyse the marketplace.
Starting amount $150K

Please notice the aim of this thread isn't to argue the relative merits of my own beliefs.
Z

jotean
08-16-2023, 01:29 PM
My outlook for Cable is bearish. Price is heading towards the line and also based on Dr Andrews it should reach the point about 80 percent of the time. There is a confluence at around 1.9475. It is the 78.6% retracement from the reduced of Jan 21st. There is also the energy point at A, according to TMorge. In accore with his 30 year plus experience prices are attracted to these energy points. Well lets wait and see how the marketplace evolves over the coming days.
https://www.cliqforex.com/attachments/1518154448.jpg

jotean
08-16-2023, 02:50 PM
Another fantastic chance missed with my long averse eyes.
On a more optimistic note I have learnt something new now. I was disiplined enough to not choose a transaction for trading's sake. No cash lost so all in all a fantastic day.
https://www.cliqforex.com/attachments/1518157397.jpg

jotean
08-16-2023, 04:11 PM
An extremely joyous day for me personally. I took a transaction and regardless of the desire to take profit after 60 pips I had been disciplined enough to follow my own plan and then take pips. I have had winners but this is maybe the very best trade that I have ever done.
https://www.cliqforex.com/attachments/1518157839.jpg

sarbowsky11
08-16-2023, 05:32 PM
Hey Zones,

I got a message today that somebody attempted to leave a comment on my old blog. I thought they'd have eliminated it, but it is still there. You may want to peek, although it had been too time consuming for me to preserve.

http://bobnat.typepad.com/pitchforks/

jotean
08-16-2023, 06:53 PM
Not a fantastic day to begin a journal. Tons of data that is fundamental at different times of the day out now.
When the dust had settled after the 2.30 news launch, I went of Cable using a 3.1 reward/risk ratio. Cable dropped its momentum and came back to stop out me using a 7 pip gain.
Long, 1.9876
Stop, 1.9869
Profit Target 1.9907
Stopped out in 1.9883
7pips

SgbSergio
08-16-2023, 08:13 PM
Good luck on your journal!!!
I have been trading for a few months now and have the same ideas as you've. I found pattern recognition to be effective in my trading, especially the 123 reversal pattern have supplied some returns to me. When you look at the transfer upward for GBP/USD, everything started with a 123 design. The big move down on the EUR/CHF, all started from a 123 design.

jotean
08-16-2023, 09:34 PM
I discovered pattern recognition to be very powerful in my trading, particularly the 123 reversal pattern have provided me with some wonderful returns. Thanks Fxtrader,
that I cuncur with you concerning the 123 design. It's a pattern on all timeframes.
Can you continue to flourish.

sarbowsky11
08-16-2023, 10:55 PM
Hey,

I Concur with your Evaluation of a Border. I am a lover of Pitchforks. I am looking forward to your investigation.

jotean
08-17-2023, 12:16 AM
Dopey, I am a closet admirer of you. It was last year , your articles on a Pitchfork thread that got me interested in them. According to your recommendation I bought Gordon's and Mikula's books.
Can you take up the job with Habib Bank?

sarbowsky11
08-17-2023, 01:36 AM
, I am a closet admirer of you. It had been , your posts on a Pitchfork thread that got me interested in them. According to your recommendation I purchased Mikula's and Gordon's books.
Can you take up the job with Habib Bank? Well, I am flattered and glad that I could help in some manner. Have you looked at the website of Tim Morge? It is named Medianline and he's got some fantastic stuff there, particularly on entries. Send me your email addy in a pm if you'd like and I will send you his writings, which I pulled off his website along with a couple other items of his I have gathered.

I started a blog last year doing PFs, but I stopped as it was too time consuming. I'd be more than pleased to chip in here on occasion.

The project with Habib Bank was a churn and burn setup, they only wanted to pull out commissions and did not give a damn about client's account. I suspect there's lots of outfits doing crap like this.

xXpATmXx
08-17-2023, 02:57 AM
There are a few rather sharp minds about this website(real intellectual heavyweights) and I have had the fantastic fortune to read their profound discourses on which constitutes a border. How with no edge one is trading using negative expectancy, etc.etc.
Assuming level playing fields (no insider information),IMHO a border isn't anything more than the capability to recognise recurring patterns in the market. I believe pattern recognition and sound money management are as good an edge as one could hope for.
I'm starting this diary for my reside trades with what I believe is my edge.
I will be trading Cable on intraday basis. I will be risking 2% or less per trade.
I use no signs to enter or depart my trades. I do use Pitchforks and Fib Retracements to analyse the market.
Starting amount $100K

Please notice the aim of this thread is not to argue the relative merits of my beliefs.
Z May I ask what your final goal is? You may have success if you are attempting to attain a particular amount of money, then yes. You'll need a stomach of iron, a system, patience, and a little luck. It can be performed!! You're headed down a more rocky road if, however, your goal is to take gains out each month to another 10 years. Hopeless, but the odds are stacked very high. I'd encourage you to reconsider goal. I need you all the best.

SgbSergio
08-17-2023, 04:18 AM
May I ask what your ultimate goal is? You might have achievement if you are trying to attain a particular amount of money, then yes. You will require a stomach of iron, a system, patience, and a bit of luck. It may be performed!! If, however, your goal is to take profits outside each month for the next 10 years you are guided down a more rocky road. Not impossible, but the odds are stacked very high. I'd encourage you to reconsider goal. I need you the best. Why would you think he is not doing well in his trading? He just stated that he has a border and MM and he is very good to go.

xXpATmXx
08-17-2023, 05:39 AM
Why do you believe he's not doing well in his trading? He just said that he's a border and MM that was decent and he's very good to go. I did not say that he wasn't performing well. I expect he is, also may contiune to be for a very long while. Just because he says he's a border does not make it so. Belief has nothing to do with it. Recognizing patterns and looking at a chart is not a definable, measurable edge in the forex market. He might be profitable for a long time, or he may go back in 6 months or less. Given enough time it's an almost mathematical certainty that he'll lose. It is fairly possible, however, in the short run to create a good deal of money. That's way I inquired about his goal.

SgbSergio
08-17-2023, 06:59 AM
I did not say that he wasn't doing well. I expect that he can contiune to be for a long time, also is. However, just because he says he's an edge does not make it so. Belief has nothing to do with it. Looking at a chart and recognizing patterns is not a definable, measurable edge in the forex market. He might be profitable for quite a long time, or he can go back. Given enough time it is an almost certainty that he'll lose. It is possible, but in the brief run to create a lot of cash. That's way I inquired about his final goal. Read his last sentence on his initial article

jotean
08-17-2023, 08:20 AM
Strange is our situation here upon earth commented Einstein after...I think he must have been after Cable that day.
After yesterdays rate cut cable taken up prediably,then retraced beyond the lows of this day.
This morning I was mildly bearish.
From the chart below when the market failed to get to the median line I went short at 1.9873. Cease was 10 pips above. Market dropped and I moved my stop to breakeven. It proceeded up to retest the reduce paralel and stopped me out for a 6 pip gain.
https://www.cliqforex.com/attachments/1518154439.jpg

jotean
08-17-2023, 09:41 AM
Got suckered into a traditional dumb move this afternoon. Went brief around 3.15 gmt at 1.9867.
Currently from experience I know that unless there is some information launch,a sudden and voilent move would be to sucker people in. Obviously I have suckered into a really dumb move. It had been dumb from the point of reward/risk ratio, it had been dumb from the purpose of a logical stoploss place. To compound it all my position sizing was amateurish to put it mildly.
Needless to say I have stopped out at 1.9889.
-22 times many infact too many lots.
Gordon Gekko you liar. . .greed is never great.

jotean
08-17-2023, 11:02 AM
The marketplace is in a range..statistically trading these ranges has not been overly profitable previously.
Still took a short on the down sloping fork in 1.9917. Stoploss in 1.9935.
Gain goal of 1.9855. The risk/reward ratio was good. But got stopped out on a spike to nearly high of the day.
-18pips.
https://www.cliqforex.com/attachments/1518154442.jpg

jotean
08-17-2023, 12:23 PM
The above trade on a 30 min chart.
A was my entrance...B stoploss...C profit target.
Although I have stopped out, nevertheless I am still pleased with the trade. It was predied on cash management.
https://www.cliqforex.com/attachments/1518154444.jpg

jotean
08-17-2023, 01:43 PM
The graph below illues why I wasn't too unhappy about the loss this morning. It wasn't intended to be now, but although I had the idea. If I keep on accepting the trades with risk/reward ratio that is great and for the correct reasons, at the future God will be fine.
https://www.cliqforex.com/attachments/1518154446.jpg

jotean
08-17-2023, 03:04 PM
The market is in a range..statistically trading those ranges hasn't been too profitable previously.
Still took a brief on the down sloping fork in 1.9917. Stoploss in 1.9935.
Profit target of 1.9855. The percentage was great. However, got stopped out on a spike to almost high of the day.
-18pips. I have had a couple of folks sending me private mails to suggest that with stoploss so tight in a really volatile set I am asking to be stopped out.
To answer the question, I don't usually use a particular pip amount to set a stoploss. I put a stoploss at a point at which if my reading of this market is right then my stoploss shouldn't be hit. When it's hit then I admit I was wrong and move on to another installment.

jotean
08-17-2023, 04:25 PM
Got short of 1.9743 SL 1.9778 TP 1.9479

jotean
08-17-2023, 05:46 PM
The graph for the above trade.
https://www.cliqforex.com/attachments/1518154451.jpg

jotean
08-17-2023, 07:06 PM
Now I was decided to work in my short bias. At each move I redrew an fork and drew. I received a wonderful trade this morning. It might not be much but it had been obtained with a risk of only 10 pips.Ofcourse I did miss a much stranger commerce to the lows of the day. Now I am waiting to maybe go as the price has moved from the 50% fib of.
https://www.cliqforex.com/attachments/1518156087.jpg

jotean
08-17-2023, 08:27 PM
Sorry, wrong chart above.
https://www.cliqforex.com/attachments/1518156089.jpg

jotean
08-17-2023, 09:48 PM
So much for purchasing....sold 1.5811 cease at 25 and trusting for your LML of this blue fork.
Edit: With news release in only over 30 minutes, I am now working a stoploss in 3 in 08 if not ceased out I'll shut it 15 mins before the news release.
Sl lowered to 02. . 9
Got 90. . 21
https://www.cliqforex.com/attachments/1518156091.jpg

jotean
08-17-2023, 11:09 PM
I was expecting for the LML of this fork but cost has stalled so I took 21 pips and I think I will call it. Lets see.

jotean
08-18-2023, 12:29 AM
I think cost is conserving electricity after several days of powerful moves up. I might be interested in shorting it profit ig it meets my criteria.
https://www.cliqforex.com/attachments/1518156093.jpg

jotean
08-18-2023, 01:50 AM
Entry supplied by the bar closing over the UML of this red fork. That closure doesn't suggest weakness. So no trade.
https://www.cliqforex.com/attachments/1518156096.jpg

jotean
08-18-2023, 03:11 AM
The UPL of this red fork has comprised price . It has been tested twice and we might observe a sell 23, whether or not another test is held by it during the session. Price failed to reach the gloomy the medianline also. Lets wait and see tomorrow how things pan out.

jotean
08-18-2023, 04:32 AM
I believe old age is ching me up. I keep on submitting the chart without uploading the chart, or hitting the key.
https://www.cliqforex.com/attachments/1518156098.jpg

jotean
08-18-2023, 05:53 AM
The marketplace is in a tightish selection. No direction, tons of sharp moves. I shall call it a day today.
Its been a good week for me. My patience for a good installation is rising daily. However, my success rate is advancing though my account is still in negative territory and I am now over the mark. I am averaging losing transactions. I am pushing trades. Having said that I think I am still about 4 months away from becoming trader's kind that I wish to become.
Tomorrow I am off to Malaysia for a month or so. I don't know if I'll have the ability to trade on daily basis. Lets see how things materialise.
https://www.cliqforex.com/attachments/1518156100.jpg

jotean
08-18-2023, 07:13 AM
Taking advantage of being at the Asian time zone. I've gone long at 1.5788. SL 1.5774
https://www.cliqforex.com/attachments/1518156102.jpg

jotean
08-18-2023, 08:34 AM
Maybe another sell signal coming up in A.
https://www.cliqforex.com/attachments/1518156104.jpg

jotean
08-18-2023, 09:55 AM
Determined by this bar closed, there might be a short trade setup.
https://www.cliqforex.com/attachments/1518156106.jpg

jotean
08-18-2023, 11:16 AM
Brief of Euro in 1.5550. SL 1.5565. Profit target LML of gloomy fork.
Edit: SL Breakeven.
Edit:10.35. . .the market is currently in 1.5528. Whether that trade will be rewarding, I don't know but I feel good about it already . This morning Gurus and traders around the discussion were bullish in this pair. According to my system when the price failed to achieve its destination that is most likely, viz UPL. I waited patiently to get a sell signal and included the Hagopian principle. After the bar prior to the junction of the blue and red fork failed to close above the line that was my activate and I sold in 50.
Edit. SL hit for a breakeven trade.
https://www.cliqforex.com/attachments/1518157362.jpg

jotean
08-18-2023, 12:36 PM
Got stopped out of my trade for breakeven. Dopey my justifiion for transferring the stoploss with no logical place to conceal it. I was moving against the trend of the afternoon and if I do take a trade I am cautious as price might turn around and keep its main trend. Second, in the intersection of 2 forks one expects price to move quite violently.In this trade I had one big bar and the price went into an energy coil indiing that perhaps it's already spent its downward energy and now its saving energy to move up again. I moved my stop to breakeven so if I am wrong I don't let a commerce.
https://www.cliqforex.com/attachments/1518157364.jpg

jotean
08-18-2023, 01:57 PM
Cost is currently 1.5585. I guess that the Gurus and the rest of the great folks ofcliqforexwere correct and I was wrong. But, I feel joyful as I followed my system and I wasn't affected by other people. Here is the crux of trading in my opinion. Using a plan which you trust and regardless of public opinion, having the conviction to execute it. I'm gradually getting there. That said I know this road is a very long one.

jotean
08-18-2023, 03:18 PM
This is another take on the event of this morning. I guess my brief bias prevented me from seeing this setup that is fantastic. This transaction would have been using the tendency of a ratio that was fantastic and the day too.
https://www.cliqforex.com/attachments/1518157366.jpg

jotean
08-18-2023, 04:39 PM
Cable, what a ghastly sight.
https://www.cliqforex.com/attachments/1518157368.jpg

jotean
08-18-2023, 05:59 PM
Hi Dopey,
This weekend was backtesting action reaction lines. In the graph below I drew a centre line along with an action line. To my amazement the cost almost touched the reaction line and I am short of 1.5597. SL was only 10 pips over and it is at 1.5595.
Edit: Sl hit 95. . 2

jotean
08-18-2023, 07:20 PM
Sorry I forgot to attach the chart. These lines had been drawn on by me . I am amazed at their accuracy.
https://www.cliqforex.com/attachments/1518157370.jpg

jotean
08-18-2023, 08:41 PM
The above trade on a 4 hr chart.
https://www.cliqforex.com/attachments/1518157372.jpg

sarbowsky11
08-18-2023, 10:02 PM
Hi Zones,

Taking a short today following the very strong up move just isn't a high likelihood move no matter what the PFs show. The movement was at the direction of the trend, although sure it can always turn about. Cost had bottomed out at some support, mainly a longer-term 38% and 50% ret along with the ML. Also, if you redraw your original PF and place the C pivot at the low at 5412 you'll see the upward movement ended at the UML, then came back to the ML and has been riding the ML ever since.

However, moving your stop in this case was the ideal thing to do because you were going against the primary trend and that strong up movement. I know you've got a short prejudice for some reason. However you should not short moves such as this, it simply does not pay off in the long term.

Here are the weekly charts.
https://www.cliqforex.com/attachments/1518157375.jpg
https://www.cliqforex.com/attachments/1518157378.jpg

sarbowsky11
08-18-2023, 11:23 PM
Here are the daily charts.
https://www.cliqforex.com/attachments/1518157381.jpg
https://www.cliqforex.com/attachments/1518157384.jpg

sarbowsky11
08-19-2023, 12:43 AM
Finally, the 15 min chart.
https://www.cliqforex.com/attachments/1518157387.jpg

sarbowsky11
08-19-2023, 02:04 AM
Hello ,
This weekend was backtesting action response lines. In the graph below I drew a middle line along with an action line. To my my amazement the price almost touched the response line and I am short of 1.5597. SL was just 10 pips over and now it is at 1.5595.
Edit: Sl hit at 95. . 2 Yes they work really well. I have to confess I do not use them very much although I know I need to.

jotean
08-19-2023, 03:25 AM
Due Dopey,
I had been attentive to the fib retracement to 38% and the fact that it bounced off that level very cleanly was a fantastic indiion of the likely bullish movement ahead. I managed to concentrate on the short trade. This bias that is short is quite eccentric. It is rather more serious than I thought. I will give myself till the end of the week to figure out a egy. If I am not able to conquer it trading will stop and trade demo accounts until I overcome it.

jotean
08-19-2023, 04:46 AM
Gosh, what a move! Since it had been a movement I didn't exchange it.
https://www.cliqforex.com/attachments/1518157389.jpg

jotean
08-19-2023, 06:06 AM
I've been on the sidelines so much now. Although, we have had an bullish move within the past few days. There might be a market signal coming later today or tomorrow. Ofcourse I will wait for confirmation of this. In the action/reaction chart below I am hoping for cost to run from its bullish energy and if it does then hopefully I will find a fantastic sell signal.
https://www.cliqforex.com/attachments/1518157391.jpg
https://www.cliqforex.com/attachments/1518157393.jpg

jotean
08-19-2023, 07:27 AM
No indiion of weakness in this pair. Nice clean move all the way into the response line.
https://www.cliqforex.com/attachments/1518157395.jpg

jotean
08-19-2023, 08:48 AM
Price has failed to get to the median line. If we receive a sell signal that is valid, lets see. It may pause here a bit and then proceed.
https://www.cliqforex.com/attachments/1518157399.jpg

jotean
08-19-2023, 10:09 AM
Sold for a fast scalp in 1.5812. SL was just 10 pips. I am hoping to ride it to 38 percent retracement of yesterdays high/low at about 1.5756.
Sl currently breakeven.
Edit: Profit taken at 82. . 30
https://www.cliqforex.com/attachments/1518157401.jpg

jotean
08-19-2023, 11:29 AM
I shut the aforementioned trade because we could test the highs until we return. . .if we go down.
https://www.cliqforex.com/attachments/1518157403.jpg

jotean
08-19-2023, 12:50 PM
Individuals missing yesterdays up movement of 200 and pips was not debilitating but lacking an opportunity to pay off the UPL again is very debilitating.
As I wrote yesterday I no longer wish to exchange the volatility of an information release. Thus missing the journey wasn't any problem. However, after I had sold the red fork to the median line and the marketplace moved to the top parallel line again to offer you another chance to resell it I neglected to do this since I was not focussed is a big problem. This was a very good signal where the odds of a favourable result were even larger than the first commerce. I understand there will be several different opportunities during the day not to mention the rest of my trading career so I should not beat myself about one missed chance. But, the point is that I lost focus by writing in another journal at another website and here.
My new egy of action would be to stop posting live trades here. It has never been my intention to supply live commerce calls. Since that's not the reason then why must I divert myself by taking screenshots, uploading, composing a short explanation and then updating. This takes time and there are times when one has to really comply with the formation of each bar to have a feel if the market movement is in accore with ones expectations. This focus can potentially save many many pips(by cutting reductions faster) and also make a lot many pips(simply moving the gain goal further from cost action). I'll continue to post all of my important trades as well as the commentry daily basis however, I'll do it in the close of the day. I shall perform the weekly analysis and ofcourse in the end of the three month trial I will post my equilibrium and daily motions for the whole period.
https://www.cliqforex.com/attachments/1518157820.jpg

jotean
08-19-2023, 02:11 PM
Now I implemented an almost perfect trade. Perhaps the best one because I have been writing this diary. The market failed to reach the median point of the upsloping blue fork. Indiing a additional move. This morning at the european session I saw that it was respecting the red branch, so I placed a market order(206.73) of the re-test that also happend to be at the 50% retacement of yesterdays range. I had been full on a spike. My stop loss was just 20 pips above and I wanted to ride it to the median line. It eventually reached the median line and also gave me a profit.
https://www.cliqforex.com/attachments/1518157822.jpg

jotean
08-19-2023, 03:32 PM
I'm done for the day. A week. 4 winning days.I inserted a small amount to my whole balance and it is currently down by less than 5%.

jotean
08-19-2023, 04:53 PM
This week I hope to build on the success of past week by being more focussed and selective in my trade choice and implementation, and when God wills then maybe I might even get close to breaking even in my trading accounts.
I shall continue to concentrate on the geppy weekly. If an opportunity arises in the cable shall take it aswell. The essential amount for geppy this week would be the 205.75. If it gives way maybe we could make a dash for the 200 level. If 205.75 holds then we are looking upwards to 208.50 and 209.75 levels. Of course being the beast that it is, anything could happen.
https://www.cliqforex.com/attachments/1518157824.jpg
https://www.cliqforex.com/attachments/1518157826.jpg

jotean
08-19-2023, 06:13 PM
An extremely bad start to the week. Took 2 trades based on whim, entirely against my machine. Well, in the sense that if I took the trade there wasn't any installation that I perceive as an edge. I moved short this morning at 205.50. Stoploss was 30 pips away but since the market moved against me moved my stop away from the price and got stopped out for a 50 pips loss. Then went long at 206.73 just to be stopped out in 206.28. There are no charts today as the trades were taken purely on emotions. A bad bad day in the office today. Oh nicely as Mark Douglas states in the event that you take arbitrary trades then you will get random results.

jotean
08-19-2023, 07:34 PM
Although rewarding yet another day at the office. I was happy because I didn't have a valid installment, that all morning I didn't trade. In the day I gave in to my desire to take. Following the US figure, cable fell and I sold it in 2.0085. Managed to get 60 pips. I am disappointed that I failed to follow my system again. As part of these rules I will take the remainder of the week and only trade on a demo accounts.

jotean
08-19-2023, 08:55 PM
From trading for the past couple of days, I have enjoyed my little break. It gave me some time to reflect,research,refresh(sufficient of alliteration).
One shocking fact that came from the process was that I have a prejudice to shorting the market. Of all of the trades I have taken live (both posted here and not) 82 percent were brief entries. I realised that of all the enteries 28% have been shot against the tendency for the day when I looked into it. This prejudice for shorting makes me look for a commerce which doen't exist or is present but has a low chance of success.
So the aim of activity for the coming months will be to evaluate the marketplace with an unbiased eye and take what the market is offering compared to what I need it to offer me.

Vienpk
08-19-2023, 10:16 PM
Whats going on zones,
After few weeks we've come back to find you've changed. No longer live trades(clear) but focusing on the beast only....good luck

jotean
08-19-2023, 11:36 PM
Whats going on ,
After few weeks we've come back to find you've changed. No more live trades(understandable) but focusing on the beast only....good fortune Hey Dutch, Great to hear from you.
Your monitoring is partially correct. It's true, I had been focusing on the GJ pair. For shorting, this was due to my prejudice and since the geppy was at a mode I had been attracted to it. However, I have realised that this stream in my psyche and I am working on it I appraise a set up for what it is and not what I want it to be. I am now focussed on both GJ and GU and I will be equally comfortable taking a long trade as well as a brief one.

jotean
08-20-2023, 12:57 AM
A very much instance of making notes, watching and doing little else. The market is at a stage and after being quoted a spread of 10 pips at geppy and 6 at the cable I knew now would be a fantastic day to remain on the side traces. Aside from spreads I guessed that the stop loss would likewise need to be 60 at the cable and 80 pips at the geppy. The market was explosive that I didn't even take a transaction in the demo account.

jotean
08-20-2023, 02:18 AM
I took a short trade this morning at the cable. I offered the re-test of this UML of this red fork in 2.0054, using a stop 16 pips over at 70 and my goal was that the LML of the horn that was blue. Struggling to ride it for a 26 pip gain. Whilst riding it down to the LML was comfortable but I found lots of excuses for not buying the LML of the blue fork. I guess my prejudice for shorting is as strong as before, the only difference is that I am aware of it and I will continue working on it.
https://www.cliqforex.com/attachments/1518157829.jpg

jotean
08-20-2023, 03:39 AM
A. Some time back I chose not to exchange the news volatility and I am happy to be aware I was tempted to take a punt. I now need to work in my prejudice.

jotean
08-20-2023, 04:59 AM
Another inactive day. As the volatility in it is crazy by its own standards that were crazy, I've abandoned the monster alone this week. I hoped to grab a down trade . I counted 5 pivots along with the market did turn but I never got an entry. Same thing with cable, there was a setup in the morning prior to the news release but wasn't interested prior to the figure and after the figure I never got a chance.
https://www.cliqforex.com/attachments/1518157831.jpg
https://www.cliqforex.com/attachments/1518157833.jpg

jotean
08-20-2023, 06:20 AM
Today I have had a great day thus far. I missed my entrance both on GU and EU, yesterday. Today I've been lucky. I was able to find short on both. At the Cable I brought a Schiff fork and marketed the UML in 1.9825 using a stop at 1.9840. I've already exited this position at the line at 1.9775. A great exchange for 50pips.
In the EU I missed an entrance yesterday, now I transferred the origin of pivot 3 because I noticed yesterday that cost was respecting the UML but using a different pivot.I sold 1.5595 using a stop 15 pips above at 1.9610. I've moved my stop to 1.5590 and I can ride it to the median line hopefully.
Edit: SL 1.5585 currently 60 currently 30 Gain taken at 1.5458
https://www.cliqforex.com/attachments/1518157835.jpg
https://www.cliqforex.com/attachments/1518157837.jpg

sarbowsky11
08-20-2023, 07:41 AM
Well done!!!

jotean
08-20-2023, 09:02 AM
Well done!!! As Morge says give credit where its due. Well I wish to say a big thank you. If I am totally honest I came close to taking a 60 pip gain and walking off. I recalled your rollicking way back in the beginning not let allowing its conclusion is reached by a trade and it skews the ratio. I was planning to send you a private message of thanks but I think I ought to say it. My sincerest gratitude for you Mr Dopey for encouragement, the help and advice. May God reward you.

sarbowsky11
08-20-2023, 10:23 AM
As Morge says give credit where its due. Well I wish to say a public big thank you to you. If I am totally honest I came close to carrying a 60 pip profit and walking off. But, I recalled your rollicking way back in the beginning not let letting a trade reach its logical conclusion and how it skews the risk/reward ratio. I was planning to send you a personal opinion of gratitude but I think I need to mention it in public. My sincerest gratitude to you Mr to your help, encouragement and advice. May God reward you. You're welcome, it is my pleasure to help.

Today I suggest you do something really positive for your self by today or tomorrow. You have to reward yourself for doing this well. It is positive reinforcement and it is very powerful. Go buy yourself and someone you care about a nice dinner tonight.

jotean
08-20-2023, 11:43 AM
Hey Zones,

I got a message today that someone tried to leave a comment on my old blog. It's still there, although I thought they would have removed it. You may want to look, although it was too time consuming for me to maintain.

Http://bobnat.typepad.com/pitchforks/ Thank you for the connection. I had a look at it. Throughout the course of this day I will go all the setups over and find something new.