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Wally1953 replied Aug 30, 2024Just took this trade on USDJPY. I believe this qualifies as a trend reversal trade, am I correct? My plan is to get out early if I get a closed magenta candle.
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- Wally1953 replied Aug 29, 2024
[quote=since80808;14980641] Then it equals tighting the SL - then what is the sense of SL calculating? The initial stop loss is for worst case scenario, a sudden move while I'm asleep, or unable to monitor trade for some reason. Maybe the doctor has ...
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- Wally1953 replied Aug 29, 2024
EURUSD trade -96. USDJPY trade -140. Both went straight to SL...bummer. Total train wreck. No attempt to manage trade, I was a bit sidetracked during these trades. It is demo, but no excuse for not taking seriously. In the future I'll try exiting ...
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- Wally1953 replied Aug 23, 2024
Hi Doctor. I appreciate your feedback a few posts back. I am not here to gamble but to learn, and I will be following your method as it is laid out. Thank you!
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- Wally1953 replied Aug 22, 2024
Closed EURUSD trade, -11 pips. Second guessing myself, playing it safe.
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- Wally1953 replied Aug 22, 2024
Price is at top of weekly range so could reverse, that's the only reason I thought a short may work out. Is this analysis reasonable or am I kidding myself?
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- Wally1953 replied Aug 20, 2024
Moved my SL just under consolidation on my EURUSD trade locking in 48 pips. Very undecided at the moment.
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- Wally1953 replied Aug 18, 2024
Hi Michael. Yes, that is a possibility, I will watch closely. Thank you!
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- Wally1953 replied Aug 14, 2024
Took 37 pip loss on USDJPY trade. Closed out early, seemed to be ranging, creeping in wrong direction.
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- Wally1953 replied Aug 13, 2024
I believe it's RAJESH D1 and W1 for the longer-term trends. The doctor suggested they were not necessary when trading H4, so I don't really consider them when I'm taking a trade.
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