Keep in mind that “how long in time” does not necessarily mean “in and out quickly”. There are the dynamics of the market movements AND how well I know my currency pair. I suppose I can be a bit more “tolerant” of certain types of moves and patterns… especially if I have seen them before (and before that, and before that…) [hint].

If you’ll notice, it really wasn’t until the “end” of the trade when price actually “went against me”. Yes, I most often DO get out at flat-spots, but the way the quote panel was moving, I wasn’t took concerned about holding. And, yes, I suppose I got trapped a bit into my own “end the year with a big one” thought process. Uh oh. That human side DOES appear occasionally.

Your “list” of “Was” questions… Yes.

When you are looking at these charts, there simply isn’t a good way to “exactly” mark them with “exact” entry/exit points with those little arrows. Plus, EVERYBODY will get in and out slightly differently based on their own mental perspectives, and especially their own broker quotes. The idea is… when I mark these charts, find them on your own chart and you can “dial in” a bit more clearly to see where YOU might have taken the trade… but more importantly… to SEE THE PATTERNS so that YOU can TAKE THE TRADE ON YOUR OWN NEXT TIME!

Bailing early? There really isn’t such a thing. ANY Profit Is GOOD. ALL Profit Is Good. Take it. Enjoy it. Move on.

Bailing LATE? Now THAT is a different issue. The ONLY time one “bails out late” is when they are in “prayer mode” in their trade. Not good. Don’t do it. ANY Profit Is GOOD. ALL Profit Is Good. Any SMALL loss is perfectly acceptable. Any LARGE loss is not, and there is rarely a reason for it, other than our own “misdeeds”. Sure, sometimes the market DOES go crazy right as we enter a trade, but I find it quite easy to “move on to the next trade” when that happens… even if I am a bit frustratated (but only for a short while! REMEMBER WHAT YOU LEARNED IN THE PREMIUM VIDEOS!

What keeps me “in” a trade… able to hold on longer? Well, consider this… what makes it where you can “know what your husband is thinking” and respond accordingly? Well? Somehow “magically” you know this? No. You know it because you have “studied him” for a while and know his patterns. And, you use “things” to get clues from him and “monitor” him … the way his eyes look at that moment, what has happened to him earlier in the day (that you know about)… many things. Then, you consider what you are “seeing in the moment” and act accordingly.

Is this any different than “monitoring” the market using the Logical Forex Indicators? Is it any different “knowing HIM” as it is knowing your currency pair?

One step at a time. One day at a time. One moment at a time. You’re doing that, and staying VERY committed, and that is EXACTLY how you become a professional in ANYTHING… including forex trading.

-Greg

Was it because the bias was closing in on the magnet line?
Was it that the price line was a good distance away from the groove for the duration?
Was it because the Watchdog went orange, (but it looks like you bailed before that).

You said…”mostly because it’s easier to stay in than it is to get out. And, when it’s not, I get out earlier. Hmmm… think about that one for a while.”

I have thought about it, but wonder if you could elaborate.

There have been many times, where I have bailed early into the trade because of those bumps and only get 2 or 3 pips, then watch along, and it goes for another 15, 20, 30 or even 40 pips.

What triggers you to stay in at each bump, as the price certainly does swing and stall on the platform, such as FXCM when the bumps occur, and then the price line falls again?

Please help us newbies understand when it is best to stay in on these bumpy rides and when to bail out.

Christiger

-Greg

YEE HAW! I saw that setup and took it too! I got 14 pips out of it …. it is the long runs like that that make me wish I would have hung on the that horse a little longer.

…though I know what happens to “Pigs”

ce