Kreslik.com - traders community since 2006

Can anyone tell me why I shouldn't have taken this trade? http://i1182.photobucket.com/albums/x456/rucelee/241110.png Hey paupau, with the benefit of 20/20 hindsight, your entry happened to be just where a turn was taking place. But then, anything could have happened. :roll: http://i54.tinypic.com/...

Not exactly the best entry but figured there's still some room to go till the daily range

Basically lots of waiting. Exited at 1.36500

http://kreslik.com/forums/userpix/10548_15nov10_2.jpg Not exactly in the rule book but here it goes: http://i52.tinypic.com/308ccic.gif http://i55.tinypic.com/func08.gif Thanks MO! It helped me understand what TRO was quoting: "Now, 2 patterns of market behaviour happen on a regular basis: 1) ...

http://kreslik.com/forums/userpix/10548_end_of_day_1.jpg My attempts at green rat trades Rat : Green Green arrows : Entry @ high Red arrow : Loss taken Orange arrows : Entries omitted Grey arrow : Didnt get filled Other notes Trade with the hour Master 1 pair first Trade 1 direction only Dont chase...

http://kreslik.com/forums/userpix/10548_21Jan10Rat_Reversal_1.jpg Here's my rat reversal trade attempt. Here's what i have to look out: Range of entire day so far = 108 (D1 Range Gauge <Range>) Low of day so far = 1.4028 (D1 Range Gauge <Low>) Current price action = Within 20 pips of low range Rang...