[thalestrader]

Hi Folks,

EURUSD/6E broke below our chop zone noted earlier, and it is now in the process of either kissing it goodbye or begging its forgiveness ...








Best Wishes,

Thales

[Cory2679]

Originally Posted by thalestrader »

Though a chart detailing what you meant by "less compelling" would have been welcome, nonetheless.

Fair enough...

Well, you can see, the original chart I posted, in my opinion, looked good.

Then, after some time had passed, it just began to look choppy, less impulsive, back and forth, etc.

Also, at around the same time, I was watching a setup on the GBP/USD (which turned out nicely...made me positive for the day), which filled, so by that time I just thought 'forget the USD/JPY' and just focused on my GBP/USD trade.

[thalestrader]

Originally Posted by Cory2679 »

Well, you can see, the original chart I posted, in my opinion, looked good...

Thank you, Cory. That made for an excellent post! You may not have noticed, but I have this thing for charts - we ought to have a rule perhaps - No Chart - No Post!

What do you think?

I'll start it off by posting the current view og the Gold ETF daily chart:




Best Wishes,

Thales

[Marko23]

The attached zip-file contains an article from Mark Douglas
"Learning Flawless Execution of a Trading System"

It may be helpful for some readers of this thread.

[TradeRunner]

Trading can be really frustrating sometimes:

[thalestrader]

Originally Posted by Marko23 »

The attached zip-file contains an article from Mark Douglas
"Learning Flawless Execution of a Trading System"

It may be helpful for some readers of this thread.

Good share ... Thank you, Marko!

Best Wishes,

Thales

[thalestrader]

Originally Posted by TradeRunner »

Trading can be really frustrating sometimes...

You know what they say, "If trading were easy, everybody would do it."

Does it make you feel any better to know that that very thing happens to me at least once each week? Welcome to the club, TradeRunner!

Best Wishes,

Thales

[thalestrader]

Originally Posted by TradeRunner »

Trading can be really frustrating sometimes:

Actually, stick this one in your notebook, and the next time you get stopped by a tick or two that immediately resumes a favorable direction, sell the next new low if you were short or buy the next new high if you were long. Your stop is a tick above the high/below the low of the reaction that got you stopped out of your original position.

Best Wishes,

Thales