Looking back I might have been good with Trading in the Zone, I've forgotten what the trading plan was for those Trades, if I join it with a Price Action trading plan and larger time frames i.e daily, I should have something here.
I need to go find the book and re-read it
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Tuesday, September 10, 2013
1st Price Action Trade
There's a n inside bar two days before the trade, I tried for a R2 based on a 100pip risk.
First of all I actually put it on 10 pips risk and got stopped out for a dollar because this account is 5 decimal places.
I jumped back in again risking $10 like the other account.
Trade plan followed in that it was set and forget, maybe not a perfect setup however.
Should just wait for pin bars on the daily maybe?
Sunday, April 22, 2012
Thursday, January 19, 2012
1st EUR NZD
I should probably pay more attention to this pair.
I saw this setup before I went to bed but was scared of being wrong because of the previous trade on this pair:
I got in too early on the previous trade (even though I was right I was still wrong).
It looks like the Fibs held in this instance, on the previous trade I drew my fibs in the wrong place and looked for a continuation of the trend.
We've come to an all time low and bounced a little bit.
I need to learn market sentiment
Tuesday, December 20, 2011
don't let a winner turn into a loser!
I missed out by 1 pip, but could've caught it at $3 positive (I moved my stop closer) and then at .30c when I should've closed out.
I t was one of Dom's calls that I modified because I got in late
Thursday, December 15, 2011
TITZ:3 I bottled it and missed out on 200ish pips
I entered at a good spot 1.5462 anticipating the move up, My stop was at 1.5429, price came close to my stop which was just below the 200 MA.
I could start to see a downward slope starting to develop, which spooked me and I resolved to get out the next time price came up to my entry.
I got 1 pip out first and then took the other 2 10 minutes later instead of riding the ulcer roller-coaster.
Lost Opportunity is better than lost capital, but this opportunity would've had me back at break even (grr).
I must hold fast to my convictions and have confidence in the analysis.
Monday, December 12, 2011
TITZ:1 GBP AUD
The 1st trade following the TITZ test,
Be Bold - be consistent and disciplined, go in 3 lots and scale profits out.
Although Scaling out is not how Grant does it because in general you don't scale out losses.
I can't remember why I chose to Sell, maybe 'cause the curve was leveling out and it looked like the 23% would hold as resistance, anticipating a continuation down.
On the 5 minute you can see some strong momentum down which would have encouraged me.
I held the stop open to see if it would bounce, which was a test on discipline.
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