08-02-2013, 12:42 AM #1941
I agreetotally with KOR4X profitable trading is boring u have to waint till the formation exist is very close. It is not for us to become forture tellers on where a patter will form. The market will determine that. We need to be patience and jump on the harmonic pattern when there is one.
Originally Posted by kor4x
08-02-2013, 12:04 PM #1942
From Nial Fuller: Good to ponder this:
80% of trading should be simple and almost effortless, 20% is more difficult
80% of profits come from 20% of trades
80% of the time the market is not worth trading, 20% it is
80% of the time you should not be in a trade, 20% you can be
80% of trades should be on the daily chart time frame, 20% can be other time frames
80% of trading success is a direct result of trading psychology and money management, 20% is from strategy / system
How The 80/20 Rule Applies To Forex Trading | Learn To Trade
08-02-2013, 12:12 PM #1943
just took 1 Short trade today on EURAUD, set it to BE, but expect to get out during the News.
will not be trading more today...
... waiting for GBPUSD to make new Lows / failure the current M30/H1 butterfly bullish pattern.
... waiting for AUDUSD to make new Lows
while waiting I will work a bit on the strategies, anyway it's Friday
08-02-2013, 01:18 PM #1944
i have gbpjpy long shs +30 and still open
nzdusd long bat m15 ; ) waiting for us makro
08-02-2013, 01:19 PM #1945
oh btw audusd m5 b-fly but i still wait for 1.61
08-02-2013, 02:14 PM #1946
Last edited by sly_fox; 08-02-2013 at 03:17 PM.
08-02-2013, 05:35 PM #1947
Hi Sly_fox. It was a good day, but I am not sure what was your trigger. Can you tell, was it just structure or NFS data on the way back, ot what?
08-02-2013, 05:40 PM #1948
AudUsd H1 bull butterfly still in PRZ @127 fib.
08-02-2013, 07:37 PM #1949
Now you understand?
There was strong support lvls so i decide for long on usdchf
08-03-2013, 10:25 AM #1950