Thread: Discuss failure Trades

Originally Posted by ;

That simple piece of information is gem which should not be underestimated

There is no statistical advantage in this simple piece of advice. Whoever believes differently must take a look at their newest 100 trades and check their entry vs. the price at London open.

Http://my.jetscreenshot.com/3270/20110414-ttau-88kb.jpg

The entry wasn't perfect. However price is already moving in my own favor. I shut it and had a commerce on EURNZD. The Spread alone was 15...I wont touch that pair again and keep your eye on the spread. . .that was a stupid.

Thank you all for your opinions and involvement.

Dopey, that trade is sold above the open. Could you please explain your statement?

Seagreen, that is a question I cannot reply here in a brief while. It has to do with harmonic ratios (fibonacci, golden spiral, etc.) as they're unfold in the character. Please read Larry Pesavento's book relating to this. It will switch on a light.

Originally Posted by ;

There's no statistical benefit in this very simple bit of advice. Whoever believes differently must look at their newest 100 transactions and assess their entry vs. the price at London open.

Not speaking about London open....talking about market open. . .ie when the new daily pivots are all painted.

Http://my.jetscreenshot.com/3270/20110414-37wi-84kb.jpg

We have a bullish divergence affirmation

Originally Posted by ;

There's no statistical benefit in this simple bit of advice. Whoever believes differently must look at their newest 100 transactions and assess their entry vs. the price at London open.

I never implied that there was. It is a part of a procedure and approach to trading.

Risk reduced to 8 Pips. TP 30

*EDIT TP hit.

Closed 2

Didn't feel comfortable with this transaction.

Http://my.jetscreenshot.com/3270/20110414-xgbc-80kb.jpg

If divergence @ resistance - brief

stopped out for 4,5 Pips

Originally Posted by ;

, that is a question I can't reply here in a brief while. It's to do with harmonic ratios (fibonacci, golden spiral, etc.) since they're unfold in the nature. Please read Larry Pesavento's publication relating to this. It will change a light on.

I'm not interested in your method. I simply would not trade real money without understanding why my strategy works.

Originally Posted by ;

I am not interested in your own method. Without understanding why my method works I simply would not exchange real money.

That's fine. It works, I understand. Thanks for your comment