A very good question ... my opinion ... it is critical to limit your risk per session .... I decided to limit it to the same amount of ticks as I plan to make ... 40 ... if I hit 40 ticks loss then something is not working either in the market or my ...

Plan the Trade

Ended at -22 today ... struck to my 5 trades ... missed a few good ones by a few ticks ... got impatient and tried lesser supply and demand levels and paid the price ... better to be patient.

Plan the Trade

Thanks for replying ... I was just curious ... I trade the same way to get into the trend in forex because, like you said, the rhythm is not the same as NQ, more jerky and will less nice pullbacks. It also enables me to catch a trend and ride it ...

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Interesting ... the first trade looks like it was a buy limit type of trade ... why did you sell? The second one you did not wait for a pullback ... any reason why?

Plan the Trade

Ended at +27 after my 5 trades ... just took the 7468.50 trade two ticks too low otherwise that would have been a great one too ... but I am satisfied ... feels much better to trade like a sniper than a machine-gunner ... practice practice ...

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Thank you!

Plan the Trade

Where do you guys get the beginning (and end - erasmus66) coloring bars that shows when the session start (and ends - eramus66)? I have been looking up and down but are not sure what it is called so find nothing.

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Working on my discipline ... 5 trades so I am done ... ended at +1

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And again +1

Plan the Trade

Nope, I was wrong, I am still a machine gunner (I looked at the wrong stats in my previous post) ... I couldnt dig myself out of the hole, it was just becoming deeper so I rather stopped ... my very first trade was a classic - perfect placing but I ...

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Amazing ... same charts .. same method ... yet the results are so different ... I was up +27 at a point but dipped and is trying to dig myself out again now ... a lot less trades at least ... busy making the transition between machine gunner to ...

Plan the Trade

Yes yes ... I was a machine gunner again today ... but I am trying to get a handle on the supply and demand levels thing, since it is so critical. I made the 30s chart 30 minutes and drew in all the major levels, then the same with the 15 minutes ...

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Exactly right .. same here ... like Mr D said ... waiting only for the obvious supply and demand areas ... the ones that are so obvious in hindsight ... learning to see them in action as easily as seeing them in hindsight ... amazing how long that ...

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You trade like a sniper ... I currently trade like a trigger-happy machine gun operator

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What makes me nuts sometimes is that I can see the flow of the market, like music ... beautiful, but to harness it is quite another matter ....

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I agree !

Plan the Trade

Although I am only marginally successful, I have been at this for many years and still enjoy it very much. I have met, either in person or via books or the web, quite a few successful traders. The way each one trades is unique, the principles are ...

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I am running around a bit. I ended at +12 yesterday. Today I ended at +27 but I am still trading too much. Trying to get a handle on the supply and demand levels. I have been testing a type of triangle breakout strategy here that works quite well ...

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Back on Sim trading ... ended at +18 ... missed a couple of good entries by a few ticks.

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Wow !!!

Plan the Trade