Bettleboxs Breakdown of Zlines and MoMos

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loggerjim
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Postby loggerjim » Wed Jan 18, 2012 12:50 pm



Think I'm going to pay the stupid tax on this one. Got in too quick.

Take the gains, take the losses. Chalk it up to a learning experience.
Success is the progressive realization of a worthy goal

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Postby loggerjim » Wed Jan 18, 2012 1:24 pm

Yep. Paid in full. :roll:
Coffee first, then look at charts.

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Postby bettlebox » Wed Jan 18, 2012 1:27 pm

Hi Jim

here what i see. Watch the higher timeframes.

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Postby loggerjim » Wed Jan 18, 2012 1:38 pm

BB

Yeah, I missed the perfect dragon line entry long setup. First losing trade I've had for awhile. That's what I get for being too smart. There is a semi-retired forex trader that lives near me; I'm sure he's gonna show me the same thing as you did. I'll be back at it tonight for the London and New York sessions. Patience is the key that I have found.

Thanks, my friend!!!!

10 inches of snow here overnight; gotta drive Mrs Loggerjim to work today.

Take care

LJ
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Postby bettlebox » Wed Jan 18, 2012 2:00 pm

Yea i missed that long as well :/.Your right Patience there will always be trade along soon that will offer a good opportunity.

I use 5min rule. If price close against me on 5min then some thing wrong. Or if closes against be me and across a line im out.

snows good i like to ski :)

loggerjim wrote:BB

Yeah, I missed the perfect dragon line entry long setup. First losing trade I've had for awhile. That's what I get for being too smart. There is a semi-retired forex trader that lives near me; I'm sure he's gonna show me the same thing as you did. I'll be back at it tonight for the London and New York sessions. Patience is the key that I have found.

Thanks, my friend!!!!

10 inches of snow here overnight; gotta drive Mrs Loggerjim to work today.

Take care

LJ
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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Postby loggerjim » Fri Jan 20, 2012 9:51 am



Short @ 1.54838. Moved my stop loss down too quickly and got stopped out @ 1.54712. +12 pips to the good.
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Postby loggerjim » Fri Jan 20, 2012 9:56 am



Moved my stop loss down too soon again

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Postby withnail » Fri Jan 20, 2012 11:25 am

loggerjim wrote:
Moved my stop loss down too soon again



Nice trade LJ :) Just did something similar myself.
Image
Cheers Withnail.

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Postby loggerjim » Fri Jan 20, 2012 7:45 pm

withnail wrote:
loggerjim wrote:
Moved my stop loss down too soon again



Nice trade LJ :) Just did something similar myself.
Image
Cheers Withnail.
Withnail-

Well played, good sir! I really need to work on my patience and let the trade run before moving my stop loss. I get too excited to lock in some gains at the cost of potentially larger gains like you have done here. I'll admit, I do love watching trades go in my direction.

Trading the London session while on US Pacific time really jacks up a person's sleep pattern. I think the best solution is to quit my day job and trade full time. Sleep all day, up all night pip harvesting.

LJ
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Postby bettlebox » Sat Jan 21, 2012 5:32 am

:D

Sorry forgot to add that all this entry are simple 15min MoMo with Retrace and 5min Rat Entries with direction of 4hr chart and 1hr.

15min Chart Notice i took trade as price flipped bias change. This right on line and would consider higher risk entry. As The hour closed (at point of box marked "1.EXIT") i then have a 1hr MoMo to Down side. Foundation to new 4hr Swing to downside.

Image

4hr View Point

BB
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