Skipper's demo trading notes - How it went and what was learned?


Skipper

Demo trader - Learning everyday
Tansen said:
Nice 100 pip catch, 100 pip days are kind of uncommon at times, typically you'd have to get a NFP or Bernie Mac to say something to squeeze an extra 20 lol.
For a change I had my target set using extension properly and was hitting the level nicely. That 20p more must be Bernie's Extra
 

Tansen

Well-Known Member
Yeah fib drawing is an art and a technical skill.

Sometimes when your drawing it you'll notice they align with a HTF level and that's where you can take very long term swings.

Also pay attention to where some of your extensions are especially the 423 and 261, if their really out there sometimes there's a chance price might hit it depending on the given conditions such as bonds or COT.

The only reason I started to realize I could hold for long periods is because I used to be very willy nilly about trading everyday and I noticed a lot of the times price actually gets to the 423 for me whether it'd be on a 15min or 1hr chart. It will help you spot possible longer carry trades
 

Skipper

Demo trader - Learning everyday
For me ICTz last episode (7) was saying loud and clear:

If I’m trading expecting the unexpected, I’m walking in the dark. However if I have learned anything, I should have the tools and understanding to anticipate the expected and be ready to unexpected. Somewhere inside of me, every trade I had taken... there is a journey ahead of me.
 

Skipper

Demo trader - Learning everyday
I try to be more selective with my trades, maybe that one trade in a week if I'm sure about it... no lucky shots.
I have only studied the fiber in this two weeks and really been a bit lost, but finally this was the trade I put my nose into.


 

Skipper

Demo trader - Learning everyday
Down : ??? I was trying to catch the dip from order block (4h). It was pure technical hunch, a bad one. London was leading it down, did not think the asian range either.
 

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