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- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - LOST
Thu Jul 13, 2017 7:19 am
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - LOST
Thu Jul 13, 2017 7:25 am
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SCORE: 5/10?
What I did wrong
Stochastics were going up for a CALL
I traded counter trend because of the previous long green candle
SCORE: 5/10?
What I did wrong
Stochastics were going up for a CALL
I traded counter trend because of the previous long green candle
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - LOST
Thu Jul 13, 2017 7:29 am
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SCORE: 7/10?
What I did wrong
Not sure what I did wrong. Looks like a good entry to me
SCORE: 7/10?
What I did wrong
Not sure what I did wrong. Looks like a good entry to me
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - WINNER
Thu Jul 13, 2017 7:35 am
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SCORE: 8/10
What I did right
Stochastics were going up
There was small pullback by the Williams and there was gap between the magenta and blue
Fence was wide
Moving averages were wide apart and going up
SCORE: 8/10
What I did right
Stochastics were going up
There was small pullback by the Williams and there was gap between the magenta and blue
Fence was wide
Moving averages were wide apart and going up
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - LOST
Thu Jul 13, 2017 7:39 am
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SCORE: 7/10?
What I did wrong
Looks like a good entry to me
SCORE: 7/10?
What I did wrong
Looks like a good entry to me
- Gihon
- Posts : 34
Points : 46
Reputation : 2
Join date : 2017-06-07
Re: TradingJournalHenryE
Thu Jul 13, 2017 9:35 pm
Hello Henry.
1st of all congratulations for the live account! Pls never learn and never use Martingle. Once you learn it, very difficult to unlearn... So pls don't. I am struggling to lose it...
Second I will comment on some of your lose trades.
on Fri Jul 07, 2017 7:46 am
This is the long candle strategy I told you. Observe the Long bull candle's position and the the blue moving average.
Candle's body sliced in half by MA but actually looks like 55% of the body is below the MA.
This is the situation when you don't trade or you enter a call. A retrace setup is when body has at lest 2/3 above the MA if it is a bull candle. Or when it looks like candle shoots up right from the MA, like it is standing on it.
See few things there:
Setup is pretty tricky and easy to miss it. (Shaun can tell with more of his experience if it makes sense what I say...)
Idea is we have a downtrend, we see a pullback and we enter at the close of that candle assuming (seeing the signs) trend will continue.
I think at this point is better when you have a bull candle.
We see a doji (from there probability for price up or down is basically 50-50%, doji needs to be read with other candles together not alone), after the doji you have a strange bear candle which has an opening price that jumped up from the close of the doji then closed below. I think the right setup is when you have bull candle there...
Another one that stochastics are slightly rising from the floor not pressed down to the floor, compared to red bear candle that's a little divergence.
I would have easily enter there a put just as you did...
Let's see what Shaun will say for this one.
Otherwise I shall be coming and practicing the same setup as you but might have a little surprise for the team...
Cheers.
1st of all congratulations for the live account! Pls never learn and never use Martingle. Once you learn it, very difficult to unlearn... So pls don't. I am struggling to lose it...
Second I will comment on some of your lose trades.
on Fri Jul 07, 2017 7:46 am
This is the long candle strategy I told you. Observe the Long bull candle's position and the the blue moving average.
Candle's body sliced in half by MA but actually looks like 55% of the body is below the MA.
This is the situation when you don't trade or you enter a call. A retrace setup is when body has at lest 2/3 above the MA if it is a bull candle. Or when it looks like candle shoots up right from the MA, like it is standing on it.
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Today at 7:48 amSee few things there:
Setup is pretty tricky and easy to miss it. (Shaun can tell with more of his experience if it makes sense what I say...)
Idea is we have a downtrend, we see a pullback and we enter at the close of that candle assuming (seeing the signs) trend will continue.
I think at this point is better when you have a bull candle.
We see a doji (from there probability for price up or down is basically 50-50%, doji needs to be read with other candles together not alone), after the doji you have a strange bear candle which has an opening price that jumped up from the close of the doji then closed below. I think the right setup is when you have bull candle there...
Another one that stochastics are slightly rising from the floor not pressed down to the floor, compared to red bear candle that's a little divergence.
I would have easily enter there a put just as you did...
Let's see what Shaun will say for this one.
Otherwise I shall be coming and practicing the same setup as you but might have a little surprise for the team...
Cheers.
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
Re: TradingJournalHenryE
Fri Jul 14, 2017 7:21 am
Thank you so much Gihon. I appreciate your comments very much. I do not understand the Martingale system so I am not trading it. I might have traded something like that unconsciously but believe me I do not know how to trade that system. I will stay away from it just as you have recommended.
I am beginning to see how you trade those long candles. I have tried it as you explained and it works 80% of the time provided I follow the rules. I am trying to perfect this strategy because sometimes when I am following the trend the trade reverses against me especially after those long candles.
Did you say it is better to trade the pullbacks only when the market is bullish? Please clarify.
Thanks and best regards.
I am beginning to see how you trade those long candles. I have tried it as you explained and it works 80% of the time provided I follow the rules. I am trying to perfect this strategy because sometimes when I am following the trend the trade reverses against me especially after those long candles.
Did you say it is better to trade the pullbacks only when the market is bullish? Please clarify.
Thanks and best regards.
- Gihon
- Posts : 34
Points : 46
Reputation : 2
Join date : 2017-06-07
Re: TradingJournalHenryE
Fri Jul 14, 2017 6:16 pm
Hello.
The long candles have the same principle into any direction. We can say price makes an unusual swing compered to previous price movements.
Do you watch out for news events? (News events can change all principles with a sudden move...)
The long candles have the same principle into any direction. We can say price makes an unusual swing compered to previous price movements.
Do you watch out for news events? (News events can change all principles with a sudden move...)
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
Re: TradingJournalHenryE
Fri Jul 14, 2017 6:46 pm
I have not been watching out for news events. I know I should sometimes.
- Gihon
- Posts : 34
Points : 46
Reputation : 2
Join date : 2017-06-07
Re: TradingJournalHenryE
Fri Jul 14, 2017 9:46 pm
I think it is a lot's of hustle to look out for news events but important to know their affect on trading and if price moves some unusual way be able to suspect this might be some "stupid" news and then I think just stop trading until market goes back to normal.
I never dealt with news-trading, I would love to know Shaun's opinion on news since he traded forex for 10 yrs or so.
Simply I hate news I like reading and researching my own things. I would not trust blindly an app with alerts for news tho I have several I do not follow them...
I asked the question to see if you have the understanding. Since you have it I think that's good enough. When news rattles the market I think best is not to trade.
Guess you use metatrader 5? Then which binary broker? (I am asking coz I might have something really useful here...)
I never dealt with news-trading, I would love to know Shaun's opinion on news since he traded forex for 10 yrs or so.
Simply I hate news I like reading and researching my own things. I would not trust blindly an app with alerts for news tho I have several I do not follow them...
I asked the question to see if you have the understanding. Since you have it I think that's good enough. When news rattles the market I think best is not to trade.
Guess you use metatrader 5? Then which binary broker? (I am asking coz I might have something really useful here...)
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
Re: TradingJournalHenryE
Wed Jul 19, 2017 10:59 pm
Yes I am using Metatrader 5 and Binary.com is my broker.
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
WEEK 2 - LIVE TRADES
Wed Jul 19, 2017 11:04 pm
[You must be registered and logged in to see this image.]CALL TRADE - LOST
SCORE: 6/10
What I did wrong
Some stochastics had lifted off the floor
SCORE: 6/10
What I did wrong
Some stochastics had lifted off the floor
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - LOST
Wed Jul 19, 2017 11:10 pm
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SCORE: 4/10
What I did wrong
Previous candle was long and I should have expected a reversal or at least a retracement
SCORE: 4/10
What I did wrong
Previous candle was long and I should have expected a reversal or at least a retracement
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - LOST
Wed Jul 19, 2017 11:17 pm
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SCORE: 5/10
What I did wrong
Trade was too close to middle bollinger band? - don't trade into the middle bollinger band
SCORE: 5/10
What I did wrong
Trade was too close to middle bollinger band? - don't trade into the middle bollinger band
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - WINNER
Wed Jul 19, 2017 11:24 pm
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SCORE: 8/10
What I did right
Previous candle was long and with greater than 2/3 below the moving averages indicating a possible reversal or retracement
SCORE: 8/10
What I did right
Previous candle was long and with greater than 2/3 below the moving averages indicating a possible reversal or retracement
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - WINNER
Thu Jul 20, 2017 4:25 am
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SCORE: 8/10
What I did right
Previous candle was too long and greater than 2/3 of the candle was below the moving averages which indicated that the market will probably reverse or retrace. The signal candle was a spinning top type with no connection to the moving averages.
SCORE: 8/10
What I did right
Previous candle was too long and greater than 2/3 of the candle was below the moving averages which indicated that the market will probably reverse or retrace. The signal candle was a spinning top type with no connection to the moving averages.
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - WINNER
Thu Jul 20, 2017 4:31 am
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SCORE: 8/10
What I did right
Previous candle was very long and greater than 2/3 of the candle was above the moving averages. The signal candle was small and detached from the moving averages indicating that the market will probably reverse or retrace
SCORE: 8/10
What I did right
Previous candle was very long and greater than 2/3 of the candle was above the moving averages. The signal candle was small and detached from the moving averages indicating that the market will probably reverse or retrace
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - LOST
Thu Jul 20, 2017 4:36 am
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SCORE: 7/10?
What I did wrong
Not sure - looks good to me
SCORE: 7/10?
What I did wrong
Not sure - looks good to me
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - LOST
Thu Jul 20, 2017 5:03 am
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SCORE:7/10?
What I did wrong
Not sure. Previous candle was long and greater than 2/3 of the candle was below the moving averages. The signal candle was small so I expected a reversal or retrace from the down trend.
SCORE:7/10?
What I did wrong
Not sure. Previous candle was long and greater than 2/3 of the candle was below the moving averages. The signal candle was small so I expected a reversal or retrace from the down trend.
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - LOST
Thu Jul 20, 2017 5:10 am
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SCORE: 4/10
What I did wrong
I did not look at the previous long candle that indicated that price was probably going to retrace or reverse
SCORE: 4/10
What I did wrong
I did not look at the previous long candle that indicated that price was probably going to retrace or reverse
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - WINNER
Thu Jul 20, 2017 5:26 am
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SCORE: 8/10
What I did right
Stochastics were going down
Moving averages were wide apart and going down
CCI pulled back a little
Fence was wide apart and red dot was below the fence
SCORE: 8/10
What I did right
Stochastics were going down
Moving averages were wide apart and going down
CCI pulled back a little
Fence was wide apart and red dot was below the fence
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
WEEK 4 DEMO
Fri Aug 04, 2017 5:50 am
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SCORE: 7/10?
What I did wrong
Nothing; Trade looks good to me. Probably because previous red candle was a bit long. Not too long though.
SCORE: 7/10?
What I did wrong
Nothing; Trade looks good to me. Probably because previous red candle was a bit long. Not too long though.
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - WINNER
Fri Aug 04, 2017 6:07 am
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SCORE: 8/10
What I did right
Stochastics were going up
Fence was wide
Moving averages were wide apart and going up
Previous candle was long
Williams and CCI pulled back to overheat signifying a possible reversal or retracement
SCORE: 8/10
What I did right
Stochastics were going up
Fence was wide
Moving averages were wide apart and going up
Previous candle was long
Williams and CCI pulled back to overheat signifying a possible reversal or retracement
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
PUT TRADE - WINNER
Fri Aug 04, 2017 6:31 am
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SCORE: 8/10
What I did right
Traded counter trend
Stochastics were going up
Fence was wide and moving averages were wide apart and going up
CCI slowed down and pulled back to overheat together with the Williams
SCORE: 8/10
What I did right
Traded counter trend
Stochastics were going up
Fence was wide and moving averages were wide apart and going up
CCI slowed down and pulled back to overheat together with the Williams
- HenryE
- Posts : 108
Points : 114
Reputation : 2
Join date : 2017-06-16
CALL TRADE - WINNER
Fri Aug 04, 2017 6:39 am
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SCORE: 8/10
What I did right
Traded counter trend
Stochastics were going down
Moving averages were going down
CCI slowed down and pulled to overheat condition together with the Williams
SCORE: 8/10
What I did right
Traded counter trend
Stochastics were going down
Moving averages were going down
CCI slowed down and pulled to overheat condition together with the Williams
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