Cwn6161's Trading Log

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cwn6161
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Postby cwn6161 » Mon Aug 23, 2010 1:16 pm

Image

Averaged in this morning with .1 lot, putting my average around the red line.

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cwn6161
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Postby cwn6161 » Tue Aug 24, 2010 5:16 pm

Image

Averaged in again with .1 lots after the spike. Only lowered my average a bit. I think I'm only going to add again if I see an opportunity on a higher timeframe.

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tmanbone
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Postby tmanbone » Wed Aug 25, 2010 1:22 am

Still watching what you're doing. Looks good thus far Thanks for the thread.
"The simplicity of the markets is it's greatest disguise"

T

cwn6161
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Postby cwn6161 » Fri Aug 27, 2010 9:10 pm

As price moves slowly to my average, I wonder if I should have gotten out earlier. If things continue to move against my average, I'll get out with a 4% loss.

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Postby pablo101 » Sat Aug 28, 2010 2:19 am

cwn6161 wrote:As price moves slowly to my average, I wonder if I should have gotten out earlier. If things continue to move against my average, I'll get out with a 4% loss.


Thank you for your recent posts.

For me, I see EU has found support with momo that way

Image

maybe MO can comment more

Some nice pips on hand though 8)

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cwn6161
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Postby cwn6161 » Wed Sep 01, 2010 11:54 am

Price is currently hovering just above my average. If anyone here uses averages, at what point do you admit you were wrong?

Looking at the D3 candles, I don't see much more than a retracement. I'm unsure of how much risk to handle though now that price is above my average.

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Postby TygerKrane » Wed Sep 01, 2010 1:06 pm

any chance we can get an updated, marked up chart of the trade thus far?

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

cwn6161
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Postby cwn6161 » Wed Sep 01, 2010 1:15 pm

TygerKrane wrote:any chance we can get an updated, marked up chart of the trade thus far?


Sorry! Let's see here...

H3 chart. Price clearly moving against me. Red line is my average.

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D3 chart. From this perspective, price hasn't moved much.

Image

I think my mistake was to average in using the H3 charts, when I planned to be in for the longer term. Had I entered only from D3, I wouldn't have even averaged in yet.

cwn6161
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Postby cwn6161 » Fri Sep 03, 2010 2:14 pm

Closed out of the trade this morning after seeing price close over my average.

I need to work on catching extremes, and have a better method of entering them.

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Postby jarnapal » Fri Sep 03, 2010 3:15 pm



Price did several attempts to close over the line. Then it created lower low and the next part is a fact already :)



It's the way I see it. But I have always been a wrong smart-ass here...

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