NexusFi: Find Your Edge


Home Menu

 





> Break-Out Bar Trades - that go bad ...


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Trader8s with 2 posts (1 thanks)
    2. looks_two trendisyourfriend with 1 posts (0 thanks)
    3. looks_3 0bl1vion with 1 posts (0 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 3,327 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 4 posts
    2. attach_file 3 attachments




 
Search this Thread
  #1 (permalink)
 
Trader8s's Avatar
 Trader8s 
fort lauderdale
 
Experience: Intermediate
Platform: NJ
Trading: futures
Posts: 7 since Oct 2012
Thanks Given: 25
Thanks Received: 6

How many traders have gotten TRAPPED in fast break-out bars, that look to good to resist - - you go in at market -
to find yourself in a loosing position and Expecting it to move back to break-even to get out?




Veiw Examples:


Started this thread Reply With Quote
Thanked by:

 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
26 thanks
2026 Jlab journal
10 thanks
Lady Vols Primer: Trading Volatility Journal
8 thanks
Algo automated / semi-automated trading anyone?
6 thanks
500 MES points a week
5 thanks
  #3 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,580 since Oct 2009
Thanks Given: 4,266
Thanks Received: 6,199



Reply With Quote
  #4 (permalink)
 
0bl1vion's Avatar
 0bl1vion 
Toronto, Canada
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP/CQG
Trading: Natural Gas
Posts: 28 since Jun 2012
Thanks Given: 16
Thanks Received: 14

Been there, done that.

When I first started out with forex several years back this would be a major psychological issue for me...

I would often "revenge trade" in a market that is clearly moving against my bias.

I learned to avoid this by forcing myself to stay on the sidelines during directionless sessions and trading only with the trend when there is direction.


Visit my NexusFi Trade Journal Reply With Quote
  #5 (permalink)
 
Trader8s's Avatar
 Trader8s 
fort lauderdale
 
Experience: Intermediate
Platform: NJ
Trading: futures
Posts: 7 since Oct 2012
Thanks Given: 25
Thanks Received: 6

Here 0bl1vion called it in his post above - Print This Out - and post it on the wall =

"Stay on the sidelines during directionless sessions .. and trade only with the trend when there is direction"


Started this thread Reply With Quote




Last Updated on November 23, 2012


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts