ZL attempt...
1h ZL with a clear 5min entry ..got stoped for -15 (entry marked with smal triangle in the midlle picture)
was it a justifiable trade?
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looking at the 5 and 15 min charts on EJ.. 4h and 1h both at ZLs
edit
price just moved higher, no short
edit
price just moved higher, no short
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- ej1.jpg (155 KiB) Viewed 3535 times
Last edited by spa on Thu Sep 17, 2009 11:31 am, edited 1 time in total.
- Braathen
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Re: EJ london open
Thanks for ur reply es7pip .. I had my eye on the double top support yes momo looked sweet of it so i jumped it nice to see u did too m8... i was think es/pip 5m entry the whole way
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- aliassmith
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- aliassmith
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Sell at 1.6509 Exit at 1.6496. Bottom blue line was my target, trying to work on figuring out good targets to set so I'm able to get more of the pips available with more certainty. I based the target off the fact that price seemed to bounce off that point a couple times prior, but price quickly dropped another 20 pips beyond.
Should I be happy with what I got for just starting this ZL trading? or should I have moved up to the H1 or H4 and picked a target off there, seems like 1.6478 off the H1 chart might have been a better target decision.
Should I be happy with what I got for just starting this ZL trading? or should I have moved up to the H1 or H4 and picked a target off there, seems like 1.6478 off the H1 chart might have been a better target decision.
spa wrote:ZL attempt...
1h ZL with a clear 5min entry ..got stoped for -15 (entry marked with smal triangle in the midlle picture)
was it a justifiable trade?
again i do this a little different than MO
the pressure was long of the h4 that you have marked
would i have tried that trade-- probably so
i wouldn't use a 15 pip stop on the beast though-- after that push through you could have got out at a better price--not much better but still.
then knowing the bias is truly long of the h4-- once we pushed through with some momo i would have covered or got stopped and traded it long----most likely--- recouping my loss and then some. i dont trade that pair so i am not absolutely sure
i was trading the ej
bias was long of h4
Bend over and assume the position for another 4 years of hope and change.
- pablo101
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es/pip wrote:spa wrote:ZL attempt...
1h ZL with a clear 5min entry ..got stoped for -15 (entry marked with smal triangle in the midlle picture)
was it a justifiable trade?
again i do this a little different than MO
the pressure was long of the h4 that you have marked
would i have tried that trade-- probably so
i wouldn't use a 15 pip stop on the beast though-- after that push through you could have got out at a better price--not much better but still.
then knowing the bias is truly long of the h4-- once we pushed through with some momo i would have covered or got stopped and traded it long----most likely--- recouping my loss and then some. i dont trade that pair so i am not absolutely sure
i was trading the ej
bias was long of h4
Nice trading
Last edited by pablo101 on Tue May 04, 2010 5:30 am, edited 1 time in total.
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