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This could be avoided using a higher time frame do not you think ?
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
Can you help answer these questions from other members on NexusFi?
The issue with higher time frames is risk and entry. On the lower time frames, it is easier for me to spot the patterns developing. I take the most clear cut ones as well. This issue could be avoided by my trade management rules. I did not follow them well today, and the market punished me. I attribute this to trading live for the first time in a while and having the jitters.
Here are a couple of charts which show the way I see it. The higher the time frame, the more we are testing my risk tolerance. I am a small fish, so risking less is better for me. I just should have trailed the stop to next best swing as according to my rules. In fact, the same thing happened on the ZF today and again I left money on the table. Easily corrected, I just need to follow my entry and management rules better
Have you heard about Ross' trader's entry trick ??? I recommend to read about it ! You can find more on the education section of this forum.
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
I was going to post the slides from a Joe Ross webinar where he covers the "Traders Trick Early Entry" but I did not want to be redundant.........so I looked to see if something like this was already posted. Unfortunately I need to "educated" as to where to find the "education" area of the forum.
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
Getting slapped around these past two days, but this is again me being impatient and not following my rules. A small loss that should have been a huge win.
EDIT: Thats hilarious, I took the trades on SIM by mistake.. Good thing I didn't make any money lol!
Today was utterly fantastic for those who trade 1-2-3's and support and resistance. Pretty much every move started with a 1-2-3 at a predictable s/r zone. I unfortunately didn't take that middle move down or up. C'est la vie
