Yeah thats the problem with these central wankers... each time one of them opens their mouth the market ignores all sense of logic and reason... Don't feel too bad... you should be mindful of the economic data as well as the markets tend to move in the direction of the data...
Today France increased the Current Account Deficit by over 1Bln (Bad news) that was the first H1 Red MOMO... what followed was the Wick Doll and the subsequent Body in direction of profit...
You shouldn't fault yourself though, your analysis was sound, there was sufficient support and dragon lines to back you up... but the market follows the news for the most part and this translates into Body in direction of profit wick in direction of loss...
You don't need a Squawk... Just get a twitter account and follow @ForexLive @Zerohedge and @DaytraderFull for the best economics tweets without a lot of the nonsense yada that goes on in some of these other accounts...
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.
Thanks Jala and thanks for tip about twitter accounts very helpful .
Jalarupa wrote:Yeah thats the problem with these central wankers... each time one of them opens their mouth the market ignores all sense of logic and reason... Don't feel too bad... you should be mindful of the economic data as well as the markets tend to move in the direction of the data...
Today France increased the Current Account Deficit by over 1Bln (Bad news) that was the first H1 Red MOMO... what followed was the Wick Doll and the subsequent Body in direction of profit...
You shouldn't fault yourself though, your analysis was sound, there was sufficient support and dragon lines to back you up... but the market follows the news for the most part and this translates into Body in direction of profit wick in direction of loss...
You don't need a Squawk... Just get a twitter account and follow @ForexLive @Zerohedge and @DaytraderFull for the best economics tweets without a lot of the nonsense yada that goes on in some of these other accounts...
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
This is why we use stops bb, good job on that.. I know a couple of my buddies got burned on that one....
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.
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Hi BB,
Hi bb, this was my trade, BUT, it was a set and forget trade...
I checked the 4hr and price was above the ema already. I didnt want
to stay up all night so I placed a limit sell in a pretty safe place.
There was nothing wrong with your trade, I would have gotten a few more
points out of a long to before looking for a reversal had I been awake. I drew out the zones for ya.
Keep going man....you got this down...just happened to be one of those turning stop outs.
doji
Hi bb, this was my trade, BUT, it was a set and forget trade...
I checked the 4hr and price was above the ema already. I didnt want
to stay up all night so I placed a limit sell in a pretty safe place.
There was nothing wrong with your trade, I would have gotten a few more
points out of a long to before looking for a reversal had I been awake. I drew out the zones for ya.
Keep going man....you got this down...just happened to be one of those turning stop outs.
doji
- Attachments
-
- todayeu.gif (16.31 KiB) Viewed 2196 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: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
This was my 4hr that I based the trade off of.
- Attachments
-
- todayeu4hr.gif (16.23 KiB) Viewed 2193 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!"
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.