Bettleboxs Breakdown of Zlines and MoMos
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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
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
Success is the progressive realization of a worthy goal
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
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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Withnail-withnail wrote:loggerjim wrote:
Moved my stop loss down too soon again
Nice trade LJ Just did something similar myself.
Cheers 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
Success is the progressive realization of a worthy goal
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.
4hr View Point
BB
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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