Thanks Kermut,
I have Itguy,s post about entry exits next to me as I trade.
But where I am getting confused is that when i think there is a good set up, i.e the alert candle and the stoch cross over, the dam things goes the other way. On the big moves it appears that there was never an alert candle.
But I also must admit that I get a little trigger happy and pull the trigger trying to force the trade.
However having just gone to confession, Father Kermut, there are definate times when I look at the charts with all these indicators on it and my head spins. One stoch is going up the other down. Blue T3 is up but the price action is going down. the coloered smac-d is one way and the price action is heading the other way etc etc....
So yes it has become complicated to me....
So I am trying to get rid of some of the indicators that might not be as important for the actual trade.....Please see my chart and comments are VERY welcome. The chart is not of a trade but of just the indicators I have on it. Thanks
Thanks Gang
Quote:
Originally Posted by kermut
Vegas,
Why are you still losing money? Pls, post your next losing trade here, and I am sure the better traders will help you see what you should have seen/not seen. I will surely chip in as well, to the best I can.
Have you actually got a written down plan of your entry criteria, like Itguy has, and rad is working on? If not, then someone gave you a very good suggestion earlier, only trade 15M, in the direction of the cci14 changed to 60 min time frame. Remember, all you need is one good trade per day, and hope they come when you are at ur computer, and not at wrk!!!
Regards,
K.
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