FYI the down bar prior to the uptrend showed low volume. This means there wasn't much supply floating around. Given the background is bullish,
it is more favourable to long than short.
Lis
prochargedmopar wrote:Tried 2nd live Z-line trade today.
After thinking about this a bit I feel that taking the trade in consolidation was not a good idea. Kinda like steve nison said about using candles in context.
Candles ONLY give reversal signals if there is a prior trend before the candle or combination of candles can be used.
Anyway,
I went short at 134.17 on the wick of a bar following what I thought was a momo H1 candle. Target was the 133.50 area. (zeroed)
It engulfed the previous bar and was about twice the size.
OK. (red line is near entries on wick of spinning top below arrow) Disregard the dashed lines.....
First entry I was up 16.8 pips...moved stop to B/E.
Bam, out at +0.7.
Okay then, how's about I get a better price hehehe?
In again short at 134.20.
Up about 8 pips so moved stop to B/E.
Bam, out again at 0.0.
Enough of that.
I decided forget this, I just left over 25 pips on the table.......I'm gonna scalp this crap. hehehehe
+114.3
Here is the pick of my entries/ exits at same location......hehehe
No I didn't take the long momo bar on breakout because I had my nose too close to the screen scalping pips. See above. LOL
last 30 entries posted below but a few more were taken.
I SEE the potential available...waiting on the long entry would have been sugar sweet.......who says you can't add entries after corrections? (which knowing my trigger finger........I WILL)
Hundreds and hundreds of pips available just as you say MightyOne.
13218257 EUR/JPY 1 S 135.303 135.060 24.3 2.56 0.00 7/23/2009 10:35 7/23/2009 10:50
13217553 EUR/JPY 1 S 135.243 135.105 13.8 1.46 0.00 7/23/2009 10:21 7/23/2009 10:25
13216947 EUR/JPY 1 S 135.168 135.000 16.8 1.77 0.00 7/23/2009 10:12 7/23/2009 10:14
13216772 EUR/JPY 1 B 134.990 135.119 12.9 1.36 0.00 7/23/2009 10:09 7/23/2009 10:11
13216778 EUR/JPY 1 B 134.997 135.119 12.2 1.28 0.00 7/23/2009 10:09 7/23/2009 10:11
13216780 EUR/JPY 1 B 134.990 135.119 12.9 1.36 0.00 7/23/2009 10:09 7/23/2009 10:11
13216775 EUR/JPY 1 B 134.994 135.119 12.5 1.32 0.00 7/23/2009 10:09 7/23/2009 10:11
13216439 EUR/JPY 1 S 134.893 134.995 -10.2 -1.08 0.00 7/23/2009 10:02 7/23/2009 10:09
13216384 EUR/JPY 1 S 134.881 134.983 -10.2 -1.08 0.00 7/23/2009 10:00 7/23/2009 10:09
13216381 EUR/JPY 1 S 134.880 134.982 -10.2 -1.08 0.00 7/23/2009 10:00 7/23/2009 10:09
13216379 EUR/JPY 1 S 134.862 134.960 -9.8 -1.03 0.00 7/23/2009 10:00 7/23/2009 10:01
13216338 EUR/JPY 1 B 134.935 134.869 -6.6 -0.70 0.00 7/23/2009 10:00 7/23/2009 10:00
13216216 EUR/JPY 1 S 134.868 134.970 -10.2 -1.07 0.00 7/23/2009 09:57 7/23/2009 10:00
13216124 EUR/JPY 1 B 134.898 134.893 -0.5 -0.05 0.00 7/23/2009 09:56 7/23/2009 09:57
13216063 EUR/JPY 1 B 134.839 134.893 5.4 0.57 0.00 7/23/2009 09:55 7/23/2009 09:57
13215700 EUR/JPY 1 S 134.701 134.803 -10.2 -1.08 0.00 7/23/2009 09:48 7/23/2009 09:55
13215380 EUR/JPY 1 S 134.512 134.490 2.2 0.23 0.00 7/23/2009 09:43 7/23/2009 09:44
13215266 EUR/JPY 1 B 134.540 134.561 2.1 0.22 0.00 7/23/2009 09:40 7/23/2009 09:43
13214454 EUR/JPY 1 S 134.151 134.085 6.6 0.70 0.00 7/23/2009 09:18 7/23/2009 09:27
13214435 EUR/USD 1 S 1.41966 1.41965 0.1 0.01 0.00 7/23/2009 09:18 7/23/2009 09:23
13214085 EUR/JPY 1 B 134.165 134.158 -0.7 -0.07 0.00 7/23/2009 09:11 7/23/2009 09:15
13214210 EUR/JPY 1 B 134.120 134.158 3.8 0.40 0.00 7/23/2009 09:15 7/23/2009 09:15
13213995 EUR/JPY 1 B 134.210 134.223 1.3 0.14 0.00 7/23/2009 09:08 7/23/2009 09:09
13213965 EUR/JPY 1 B 134.205 134.223 1.8 0.19 0.00 7/23/2009 09:08 7/23/2009 09:09
13213653 EUR/JPY 1 S 134.313 134.308 0.5 0.05 0.00 7/23/2009 09:04 7/23/2009 09:04
13213601 GBP/USD 1 S 1.64816 1.64803 1.3 0.13 0.00 7/23/2009 09:03 7/23/2009 09:03
13199545 EUR/JPY 1 B 133.360 133.378 1.8 0.19 0.00 7/22/2009 21:26 7/22/2009 21:27
13199333 EUR/JPY 1 S 133.478 133.468 1 0.11 0.00 7/22/2009 21:19 7/22/2009 21:19
13199128 EUR/JPY 1 B 133.333 133.338 0.5 0.05 0.00 7/22/2009 21:08 7/22/2009 21:08
13198431 GBP/USD 1 B 1.64364 1.64367 0.3 0.03 0.00 7/22/2009 20:24 7/22/2009 20:30
Total 30 65.5 6.89 0.00