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

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PTG
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Postby PTG » Wed Jan 27, 2010 2:06 pm

IN-XS wrote:Thats the area's I have marked out, so I am on the right lines, I was thinking there might be a pullback when the first target is hit at 1.6200, then after the pullback I will be looking to short again!


There could be a bounce there indeed.

Or not :wink:
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IN-XS
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Postby IN-XS » Wed Jan 27, 2010 2:14 pm

Looks like it went staight through, shame I already closed mine. It seemed to be slowing down so I got out!

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Postby PTG » Wed Jan 27, 2010 2:15 pm

IN-XS wrote:That's another thing, how far away do you place your stops? I have found mine are getting hit, just before it turns around. Thanks for the previos answers and for all your help PTG I appreciate it.


You're welcome.

Depends on the pair and the timeframe you use.

Don't try to make them too small. Better take larger stops and reduce your position size.

Some pairs overshoot quite a bit, others don't.

First target hit by the way, I now have a free trade in my pocket :lol:

Saved by the bell. :shock:
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Postby PTG » Wed Jan 27, 2010 2:17 pm

IN-XS wrote:Looks like it went staight through, shame I already closed mine. It seemed to be slowing down so I got out!


Patience my friend. Patience.

Learn to sit on your hands.

Make sure you have a tradeplan and execute it to the letter. That will help. Don't improvise. Plan your trades and you will be fine.
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Postby IN-XS » Wed Jan 27, 2010 2:27 pm

Thanks again PTG I am just stuggling today, thats all. Got to stay positive I can win them back!

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Postby scratty » Wed Jan 27, 2010 2:34 pm

i was out too early too...

@PTG: Patience is the key! your so right.
Lose professionally!

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Postby pablo101 » Wed Jan 27, 2010 3:59 pm

lukx wrote:six pack I think I'm close :)
Image


Looks like you've been busy with photoshop lol :lol:
WAS A YALE STUDENT. Now? Let's see!

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Postby PTG » Wed Jan 27, 2010 4:03 pm

IN-XS wrote:Thanks again PTG I am just stuggling today, thats all. Got to stay positive I can win them back!


Just follow the rules that you have put on paper (I hope :wink: )
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Postby adaseb » Wed Jan 27, 2010 4:15 pm

Yeah I tried shorting GU twice.

Once got stopped for -15 pip and currently in the short at 1.62264

Will post charts later.

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Postby IN-XS » Wed Jan 27, 2010 4:31 pm

Yeah I have rules PTG, but that wasn't the problem I was trying to find supply and demand area's I was always close to the turning point, but my stoploss always took me out. I think I might lower my lotsize and increase my stoploss like you suggested. How do you find supply and demand area's, what timeframe do you study? Thank for your help.

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