Tuesday, November 9, 2010
One more chance for the fool
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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8 comments:
Hi,
could u explain whats the white arrows and black arrows correspond to?
I suppose entries&exits but what is the difference between black&white arrows?
Thanks
Thanos
black arrows are entries/exits. white one are indicator related, i don't pay attention to them.
Forexbird,
I enjoy watching your blog and have been wondering, Are you using the 3 range alone or are you using shorter and longer timeframes for precise entries and bigger moves?
thanks,
Mike
Heah Constantino,
this trade reminded me of another 'ugly one' when u did the same mistake of holding on & hoping. Then 'Pip God' showed mercy and gave u the second chance..lol.
It feels good to see that frequency of ur 'ugly ones' has reduced dramatically..:D
Tc bro..:)
King Singh.
U kno, i often see the duration of trades that u take (as sometimes there are more than 15-20 bars in a minute that require real quick reflexes)..
And in this case..35 minutes of horror fo u.. uff !!
Mike,
I have a MT4 open on a separate monitor with 15m, 1h, 4h charts. Mainly to avoid entering against res/sup levels of these TFs.
""t feels good to see that frequency of ur 'ugly ones' has reduced dramatically..:D""
evolution's benefits...
""And in this case..35 minutes of horror fo u.. uff !!""
bloody morning, indeed! lol
I think the most important part about Forex is that we get so many opportunities, so it doesn’t matter if we missed one or get few losses, we can always get back on track. We just need to be strong and stick to proper plans. I am glad that I trade with a broker like OctaFX, it’s so very special due to the features and facilities which is present there and that’s especially to do with the rebate program that helps me gain 50% even on losing trades.
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