Never Lose Again
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here is my second loss for the day.. price wicked the 1h ZL and when i saw down momentum on the 5 min i placed my limit at the 5 min Zl, it got triggered and i got stoped out prety fast (triabgle is the entry, round is the SL)
still more than conservative size wise so only took a hit on my ego
edit.. on hindsight i placed the stop on a 30 min ZL and the only place on the hole down move that failed to get Zl'd so far.... [schild=standard fontcolor=000000 shadowcolor=C0C0C0 shieldshadow=1]brrr[/schild]
still more than conservative size wise so only took a hit on my ego
edit.. on hindsight i placed the stop on a 30 min ZL and the only place on the hole down move that failed to get Zl'd so far.... [schild=standard fontcolor=000000 shadowcolor=C0C0C0 shieldshadow=1]brrr[/schild]
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- brettnchrism
- rank: 150+ posts
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- brettnchrism
- rank: 150+ posts
- Posts: 196
- Joined: Wed Feb 18, 2009 8:25 pm
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Tried to get a few more before bed. Got out of this at +3. I didn't like the long wick on the H4 seemed like buyers comming in.
My daily goal is 20 pips so I am going to try and get this on m15 chart If anyone has any words of wisdom Im all ears...
My daily goal is 20 pips so I am going to try and get this on m15 chart If anyone has any words of wisdom Im all ears...
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- ***FX-JEDI***
- rank: 150+ posts
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Fridays Trades.
Got some 70 pips short yesterday to on one trade
Got some 70 pips short yesterday to on one trade
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- Screenshot - 2_10_2009 , 8_54_31 PM.png (92.9 KiB) Viewed 3354 times
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....
then being in the market wishing you were out.....
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As I only had 1 trade at beginning of the week and everybody else was trading like crazy, I thought Id join in =]
My rules to enter where price pullback to BO line by MOMO candle are good, but few (but very secure) opportunities.
(ex. GBPUSD H4 pic below)
But I noticed es/pip takes his pips at OPEN of a MOMO bar... (and I should know that if I was reading the NLA thread more attentively).
So.... I trade now the OPEN of a MOMO (Open +3 pips, dont want to miss the trade=).
+25 pips on GU limit order (GU H1 pic), was sleeping, PA is not much of a problem if a Zline is properly identified.
The BUY trade was not taken, but could have been, at MOMO open + 3 pips
8 profitable trades in a row. never had this.
Will be going live with this very soon
My rules to enter where price pullback to BO line by MOMO candle are good, but few (but very secure) opportunities.
(ex. GBPUSD H4 pic below)
But I noticed es/pip takes his pips at OPEN of a MOMO bar... (and I should know that if I was reading the NLA thread more attentively).
So.... I trade now the OPEN of a MOMO (Open +3 pips, dont want to miss the trade=).
+25 pips on GU limit order (GU H1 pic), was sleeping, PA is not much of a problem if a Zline is properly identified.
The BUY trade was not taken, but could have been, at MOMO open + 3 pips
8 profitable trades in a row. never had this.
Will be going live with this very soon
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- gu h1 zline.gif (14.56 KiB) Viewed 3326 times
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- gu short, sniper.gif (10.86 KiB) Viewed 3326 times
- ***FX-JEDI***
- rank: 150+ posts
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-
- rank: 150+ posts
- Posts: 395
- Joined: Thu Nov 27, 2008 2:56 pm
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- Location: UK
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FX-JEDI
marvellous trade on GBPUSD D1 isnt it? perfect time to sell a major retracement. shame for me it was only demo pips =[[[
oh well, the market will continue giving opportunities. I'll get the real money.
need some encouragement, to be honest, a bit depressing seeing these vast profits flowing beside me.
marvellous trade on GBPUSD D1 isnt it? perfect time to sell a major retracement. shame for me it was only demo pips =[[[
oh well, the market will continue giving opportunities. I'll get the real money.
need some encouragement, to be honest, a bit depressing seeing these vast profits flowing beside me.
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