Discuss failure Trades - Page 2
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Thread: Discuss failure Trades

  1. #11
    Ok so you're shorting within an intraday uptrend. Have a peek at H1 we're in a longer time uptrend. Have a peek at H4 and see price has consolidated after the jog down? Even though we're trading intraday, we should always look at the TFs.

    My safest bet would be to find a long back into the trend, but that is by no means suggesting I really don't exchange both ways. I could and I do.

    Looking abandoned, you have supply area but one that's had one hit already. Still comfortable with this short?

    Trendlines are an issue to me, they are so subjective and I am frequently uncomfortable about their efficacy. I much prefer to use horizontal lines which are far more accurate and less open to interpretation.

    All that said, you have yesterday open/high up there, R1 pivot and there may be a few more supply to eat. If it does but what are your expectation you may get a response up there? 3:1? Against this trend?


    Also, if you carrying off the trade this trendline, you truly don't wish to take at after price has broken that high IMO.

  2. #12
    This would have been yes, a countertrend trade. I deleted the pending order. Price already made its move without me.
    The H1 Chart gives a very good oversight regarding to my trade idea really. I used to look at levels at which prices could undo for 10 pips or more and didnt care about trends, actually I never did.

    I shall look for trades in trend direction starting off using a leading down analys.

    Your aid is apreachiated very much, Trotty.

  3. #13
    Quote Originally Posted by ;
    This would have been a countertrend trade, yes. I deleted the pending order. Price already made its move.
    The H1 Chart gives a very good oversight regarding to my trade idea really. I used to look at levels at which prices may undo for 10 pips or more and didnt care about tendencies , actually I never did.

    I shall look for trades in trend direction starting off with a leading down analys.

    Your help is apreachiated very much,.
    No difficulty. Just my ideas, there are traders round here than me.

    One factor that ken Lee always advises on his ribbon would be to never take a new direction trade till you find a higher high or lower low shape. Throw a 10 ema, 35 sma and 50 ema on your charts and trade from the mas. If they are angled down, trade long when the are angled short and up.

    Hope it helps.

  4. #14
    Quote Originally Posted by ;
    Also, throw a 10 ema, 35 sma and 50 ema in your charts and always trade from the mas. If they're angled down, trade long if the are angled up and short.
    Thank you for this information.

    I truly dont enjoy MAs in my chart, they're just too much behind for me personally. Thats why I use the MACD just with divergences which are not lagging.

  5. #15
    I stop trading for now serious connection problems. Have to solve that first.

    Result:

    1.96 % for now

    My initial winning afternoon that month (?!?!)

  6. #16
    Maybe you just had to take a step back (that the 34 percent ) to take a single giant leap ahead (the 2% being the beginning of some much larger overall yields ).

    Greatest of luck.

  7. #17
    Quote Originally Posted by ;
    Perhaps you only needed to take a step back 9the 24%) to take one giant leap forward (the 2% being the beginning of some much larger overall yields ).

    Greatest of luck.
    Thank you for your kind words...I will keep this thread updated

  8. #18
    Here is something to consider. Do not sell over the open and don't buy below it.

  9. #19
    Can you explain why strategy or your system works/worked?

  10. #20
    Quote Originally Posted by ;
    Here's something to consider. Don't sell above the open and don't buy below it.
    That simple piece of information is gem that should not be underestimated

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