Failed trade No.2 Why I took it: It looked like a powerful bullish movement which I thought could continue. Touched the 5M 10EMA and it appeared constrained by it. The 15 min formed a nice pinbar. Stop loss was below that pinbar. Why I think it ...

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Congratulations! What exactly would you say was your initial biggest misunderstanding about touches ?

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How many pips would you say is your average SL ?

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Yep, there are lots of people helping. Especially in this thread. But what I underlined about Kostas's contribution is that he actually talked money. He said where he started, how much he made, what where his setbacks, how his money management has ...

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Yes, this is the problem with most people who teach: They disappear and we don't know whether they blew up their account or are sipping pina coladas in some tropical island. We never learn how much money they made after all and what exactly was the ...

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Thanks, what you are doing is unique. There have been other people around who devised or evolved successful systems, and they have also tried to help by answering questions and publishing manuals. Some of them have also alluded they have had great ...

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True, true I do need the disciplinary training And I'll be working on it. Although my ultimate goal is to take trades in a completely mechanical way which would be mostly independent of emotions. Something else I'm curious about: What is your ...

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Indeed, and here's the catch: You have to try and copy that trader's, athlete's, craftsman's ACTIONS. Many times, as you said, extremely good "artists" are terrible teachers. Oftentimes a third person may be able to observe and analyze someone's ...

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The other day I was watching a documentary ("Human Ape") which examined the differences in intelligence between humans and apes. In one experiment, the scientists presented a box to a kid and then showed to her a sequence of moves to be repeated in ...

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Yep, that's it. I should have paid more attention to the RN, especially since there was a recent S/R level over there. Of course sometimes price doesn't quite reach an important level before reversing and price action convinced me that would be the ...

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I have this idea of posting ONLY my failed trades, which I think may help me in choosing more carefully So, let's start with the first one. Why I took it: The general sentiment was strongly short. I went short on this one after the 5 min pinbar ...

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Thanks. When you say that you use M5/M1, do you look for usual reversal candle patterns like pinbars at the close of the candles, or are you satisfied with any candle that closes in a favorable direction ?

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This was from a year back. What do you think about it now ?

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Well, according to the original rules this isn't a trade because it took too many bars to reach the 35/50. It was originally suggested that price should only take 2-3 bars at most to reach these MAs for the trade to be valid. I have seen that people ...

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Ooops. Just as I was about to open an account with Fxpro. May I ask why you consider moving and where to ? Another question: Do you ALWAYS check the M1/M5 before entering ? Are there any cases where you will enter on a touch without checking price ...

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endroute hasn't posted in the forums for 3 months. Let's hope he's been relaxing at some tropical beach

Following Price

Where exactly was the 100% point of the Fibo ?

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It's been discussed before, but I'd like to see some more up-to-date opinions from people in this thread: Which broker are you using, and how satisfied are you ?

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EURUSD reversed today exactly at the 1D 100 SMA

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That's the way it may be for me too right now, but I guess I'll always be striving for the ideal. Which in my opinion is to be able to look at each trading opportunity with the same psychology, no matter whether you've been looking at the market all ...

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