PA, S/R, ZL, EXTREMES & MOMO

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paweldobkowski
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Postby paweldobkowski » Tue May 29, 2012 3:21 pm

scratty wrote:What do you think about overtrading ;-)?


Ye I know how it looks like :wink:
but it's the only way to be consistent for me


About overtrading itself I think it means to take trades that are not in Your plan. I can explain every trade I took. Im not changing sides quickly etc.

The other thing I like to add is that You have to manage Your trades according to the timeframe that You trade on. The market is fractal. If You look at my charts as if they were H1 it wouldn't look like overtrading anymore.

It's a normal trading only 60 times faster than on H1.

I took 19 trades in 3,5h.
That's 210 bars.
210 H1 bars = more than 8 days.

19 trades in 8 days it's much right?
19 trades in 210 min. seems like it's much but the proportions are kept.

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paweldobkowski
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Postby paweldobkowski » Tue May 29, 2012 3:25 pm

scratty wrote:paweldobkowski, r u live or demo trading?


Im trading live.

To view the trades, You must grab them from the "Terminal" and drop them on the chart.

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scratty
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Postby scratty » Tue May 29, 2012 3:37 pm

EU is meeting support (bias long)... maybe to longterm for you ;-)?

Lose professionally!

paweldobkowski
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Postby paweldobkowski » Tue May 29, 2012 3:45 pm

I suck at long term trading but in my opinion it's not a right time yet.

so more shorting on the short term side now :wink:
im gluten free intolerant

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scratty
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Postby scratty » Tue May 29, 2012 3:50 pm

i think the whole spain thing doesn't effect the eu much and a lot of emotions are priced in. i see a retracement up coming... not really shure when... just waiting for the right moment (timing) on the short-term-timeframes.

...i don't trade long term eighter but always consider higher tf ;-)!
Lose professionally!

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paweldobkowski
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Postby paweldobkowski » Tue May 29, 2012 3:50 pm

paweldobkowski wrote:I suck at long term trading but in my opinion it's not a right time yet.

so more shorting on the short term side now :wink:



and im done for today
Image

FCKN KILLED IT

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scratty
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Postby scratty » Tue May 29, 2012 3:53 pm

congrats, nice move...
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paweldobkowski
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Postby paweldobkowski » Tue May 29, 2012 3:58 pm

scratty wrote:i think the whole spain thing doesn't effect the eu much and a lot of emotions are priced in. i see a retracement up coming... not really shure when... just waiting for the right moment (timing) on the short-term-timeframes.

...i don't trade long term eighter but always consider higher tf ;-)!


You're right, i think EU is going where it should be. News are making shakeouts from time to time but more or less they are irrelevant for the long term goals.

I was pretty sure about the last week's bias but this week I don't have a clue if we're going to turn or make new lows.

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Postby scratty » Tue May 29, 2012 4:02 pm

Meeting some nice turning points from the past monthly ;-)

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Postby paweldobkowski » Tue May 29, 2012 4:02 pm

and im also taking bigger frames into consideration.

sometimes it's possible to take trades on daily or weekly levels but there is a lot of price reading involved in the process.

Bigger the frame -> slower the reaction is.

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