There's always a reason
even if the reason is just that they want more orders
post a chart
It's very difficult to imagine what you're talking about
A fresh start! Doji's Trading Journal
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
dojirock
- rank: 1000+ posts
- Posts: 1652
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 159
- Gender:
- Contact:
Im glad you ended up...but when your up that far, take it!
I drew a line on the chart for the last long zline....
This remains valid until something closes lower than that.
All short trades above that are retrace trades.
That line held, so you trade long away from that held line!
I drew a line on the chart for the last long zline....
This remains valid until something closes lower than that.
All short trades above that are retrace trades.
That line held, so you trade long away from that held line!
FXfreak wrote:i just show my losers from today...
i was up+50 but ended with +10
- Attachments
-
- unbenannt_572.gif (17.37 KiB) Viewed 452 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
-
dojirock
- rank: 1000+ posts
- Posts: 1652
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 159
- Gender:
- Contact:
This is what I mean... using just one time frame... 1hr
- Attachments
-
- usdjpyh1.png (62.51 KiB) Viewed 366 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 0
- Gender:
-
dojirock
- rank: 1000+ posts
- Posts: 1652
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 159
- Gender:
- Contact:
I understand.. and you could very well be right. But unless your planning on taking a huge drawdown, the weekly as a bias, or even the daily is more than 5 times the entry timeframe. On a 15 min chart price can move 100 pips up and down and look like a fleck on the weekly and daily.
To trade a daily, and without even looking I would not attempt it on anything less than a 5 hr (5*5=25)(24 hrs in a day)This is exactly why I dont trade above the 4hr.
To trade a daily, and without even looking I would not attempt it on anything less than a 5 hr (5*5=25)(24 hrs in a day)This is exactly why I dont trade above the 4hr.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
-
dojirock
- rank: 1000+ posts
- Posts: 1652
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 159
- Gender:
- Contact:
... Keep it simple...
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
- Attachments
-
- usdjpym5.png (62.95 KiB) Viewed 320 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 0
- Gender:
LOL. Yeah, I know about ranges but what you're effectively saying is that an apparent level of supply on H4 bears no relevence to going short on the M15/5 when the line is how far away? Not far. So you're happy to ignore higher TF levels and really just trade like a rat, completely oblivious to them? So what's the basis for exit then? Just 'take what you can get'?
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.