PATIENCE PAYS PIPS!!!
by ejcruiser on Sep.02, 2010, under Trade Setup/Market Overview
Note: This was supposed to be posted last Monday, last week August 30. Other things got in the way. Thanks for your patience.
Trading the market will definitely test your patience. We all have heard and/or read that we as traders get paid to wait. Yet most traders will eagerly pull the trigger too soon before it’s time. Then, the ooops!, the ouch! the oh, sh.t, the price is moving against the trade; the MAE builds up which can cause fear, etc.
Well, picture they say is worth a thousand words. So, here the sreenshot of the Z3 short trade setup for GBPUSD/6B.
Same story here on 6B MT4 chart setup:
Here is how the setup looks on Ninjatrader platform:
September 3rd, 2010 on 07:32
hi cruiser, what is ftb and atb? what i like about your screen shot is that it is simple to follow. there so many systems that look like a two year old drew lines all over the screen. looking forward to camp.have a great weekend! eric
September 3rd, 2010 on 16:24
Not only you, i can’t wait myself.