lukx zline trading log + cfabian p.35 + adaseb p.48

lukx · Post by **lukx** » Wed Nov 18, 2009 9:56 am

hmm, I'm thinking about dropping 15m and only stick to 1h, 4h, 1d, W charts from now on

spa · Post by **spa** » Wed Nov 18, 2009 10:04 am

eurusd and eurjpy both at 4h ZL's .. checking the lower tf's for an entry

pablo101 · Post by **pablo101** » Wed Nov 18, 2009 10:29 am

any reason why not to play gu today as I'm being spiked every which way

lukx · Post by **lukx** » Wed Nov 18, 2009 10:41 am

spa wrote:eurusd and eurjpy both at 4h ZL's .. checking the lower tf's for an entry

yep, I'm also looking at it

lukx · Post by **lukx** » Wed Nov 18, 2009 10:43 am

pablo101 wrote:any reason why not to play gu today as I'm being spiked every which way

I feel your pain, same thing :

lukx · Post by **lukx** » Wed Nov 18, 2009 11:42 am

SHORT:

IN-XS · Post by **IN-XS** » Wed Nov 18, 2009 12:53 pm

Lukx, I thought you said you were going to choose a higher timeframe? I used to play around with the smaller timeframes but found I used to get a lot of false signals and could only get a few pips on each trade. Now the smallest timeframe I use is 1H and this is just for entry, then I use 4H to follow the trade. This has helped me greatly and I have only a small amount of experience.

RicG · Post by **RicG** » Wed Nov 18, 2009 1:08 pm

Can't tell by the time on your charts - but you might've been "hit" by the effect of GBP and EUR news that came out this morning. If you're not already checking it - you should always bring up the following link every day and make sure you're not in a trade when news comes out:

http://www.forexfactory.com/calendar.php

Regards,
Ric

lukx wrote:
pablo101 wrote:any reason why not to play gu today as I'm being spiked every which way

I feel your pain, same thing :

IN-XS · Post by **IN-XS** » Wed Nov 18, 2009 1:11 pm

Lukx, you went short off 5min, on EUR/JPY, im still long on that and looking at a 1H chart, can you see why I dont like small TF?! Im hoping it will reach the upper zline.

lukx · Post by **lukx** » Wed Nov 18, 2009 1:12 pm

IN-XS wrote:Lukx, I thought you said you were going to choose a higher timeframe? I used to play around with the smaller timeframes but found I used to get a lot of false signals and could only get a few pips on each trade. Now the smallest timeframe I use is 1H and this is just for entry, then I use 4H to follow the trade. This has helped me greatly and I have only a small amount of experience.

IN-XS I used bigger ones but I checked 5m for entry, hmm maybe you're right I should stick to 1h the lowest even for entries.