Don McIlwain

[Don McIlwain @donnie_macc]

@corymitc Much needed post. Been getting frustrated lately, especially after having to take a break due to the big MT4/5 shakeup for American traders. This is a great reminder to get back to the EURUSD fundamentals and be patient. Thank you 🤙🏼

[Don McIlwain @donnie_macc]

@corymitc For sure! Lots of gems in this that’ll definitely screen a ton of subpar TCs. Thank you!

[Don McIlwain @donnie_macc]

@TradingDuck @corymitc Thank you! Do you still have the 10 pip rule for DPs? Or since a DP has more strict criteria the 10 pip rule would be too exclusionary?

[Don McIlwain @donnie_macc]

@corymitc Not missing much man. Aside from a full TC win Monday, all trades had a whipsaw at the trigger causing me to enter then get stopped out almost immediately. No real momentum to/through entries. Something about the holiday week I suppose.

[Don McIlwain @donnie_macc]

@corymitc Traded a RB right after the news for a loss. Was not watching the PA so should have stayed out--what a great reminder to commentate and focus. No great opportunities all session.

[Don McIlwain @donnie_macc]

@corymitc Caught a solid RB off day low and a decent (for the day) run in to the pattern. Only a 1/2 position but good enough to get confidence back from last week. Tried to catch a RT that just turned into chop. Range formed but not enough to work with. Not a bad day!

[Don McIlwain @donnie_macc]

@corymitc Thank you!

[Don McIlwain @donnie_macc]

@corymitc Gave in to FOMO and jumped in on a massive candle (w/o a pattern), and got stopped out quicker than I got in--TWICE lol. Got my wits back and salvaged a bit w/ a nice RB later. Focusing on avoiding whipsaws and seeking actual setups tmrw, even if letting some lesser trades go.

[Don McIlwain @donnie_macc]

@corymitc Waiting (not so) patiently for movement to pick up. Way too eager to trade and little is there. Good time to hone the discipline of keeping money versus trading it away lol

[Don McIlwain @donnie_macc]

@corymitc Just barely a red day, mainly because I played around with my SL after entering. Traded your 2nd TC as a RB w/ a late entry and made my SL one-bar trailing (nervous from low movement). Debating if it was wise given what we knew at the time. Sure does pay to be patient though.

[Don McIlwain @donnie_macc]

@corymitc I took similar trades, but messed up my PT and position size when inputting the TC. Got +0.02R instead of +2.5R lol.

Thought about that RB but was too nervous about low and slow movement. How did you weigh the pros/cons of taking it (i.e. little movement vs. good pattern)?

[Don McIlwain @donnie_macc]

@corymitc Learn something new every day. Such low movement that I didn't bother to note magnet levels, and figured they'd be obsolete after the big drop. Won't do that again lol. Thank you!

[Don McIlwain @donnie_macc]

@corymitc Not bad. An early-session RB and TC (which ended up reversing on me), then price got messy and volatility dropped off. Almost had a winning TC later but lower movement freaked me out and ended up exiting early for a loss. Prob would've been a great day for you!

[Don McIlwain @donnie_macc]

@corymitc Excellent! Noticed my easy winners have high velocity through the entry, while hard-fought winners and losers rarely do. This'll be helpful for sure. Thank you!

[Don McIlwain @donnie_macc]

@corymitc Had a successful TC post-Fed speech. Otherwise disappointed and forcing trades. Is it me, or have the last few weeks been tough/slow to trade? It seems I've been trying to force things in the market, rather than trading what is given by it.