The EURUSD has been 3 for 3 lately and is setting up it's 4th for a potential completion today. Odds are that a loser is due, but that doesn't mean that this one is going to be it. It's not my job to try and over think the pattern. it is what it is and it's my job to participate. If it loses it's not a big deal because the previous 3 have already covered it. If it wins then I'm simply working towards padding my account to absorb the next loss. That's what trading is, wins need to cover the losses and if you're consistently doing so losses won't hurt anymore.
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See my screenshot:
I wanted to trade that gartley with an .886 entry because of the PRZ which was higher and to get better risk reward potential. Sadly it went without me down...
So do you still plan to trade that pattern?
Keep it up.
I purchased Constellation and have been using it. But i feel that i Havent been using it to its full potential. In the sense that I get more losing trades that winners, and i try to take as much as i can but the ones that i win, dont win as much as the ones that lose. I am setting my Tp and Sl like how you guys do. But i remembered you saying something on a trade that you weren't taking the bearish cypher because you didnt like the risk/reward.. BUT since you you had a bearish mindset for the bullish cypher to complete, you decided to take it.. and that stuck with me. Im trying to watch as much professional traders as much as possible and mold myself into one. But I want to have the right balance of learning and copying and I dont want to be changing my strategy after every loss lol..
So my question is.. Do you take every pattern? If not, Why not? And I had constellation show me every pattern but then i saw too much with close D completetions so i didnt know which one to take or not to take or to just set up orders for all of them etc.. Im a bit lost. I want to have two main strategies like how you and Jason do. Structure and Patterns, But im having a hard time. Thanks for your time akil.
P.S you remind me of a great mentor I once had in a business venture i had done previous to this. Very smart guy, and you guys think a like. Its very easy for me to learn from you because I learned plenty from my mentor. I enjoy watching your videos and hope to keep watching. I've been dying to join your live room but i work 9-5 So i cant watch.. But hopefully here on trading view i can see a bit more how you use pattern trading to be profitable.
Thanks for your time akil. Its greatly appreciated.