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

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lukx
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Postby lukx » Mon Nov 02, 2009 6:30 am

target based on 15m:

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Postby lukx » Mon Nov 02, 2009 7:02 am

loss:

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Postby lukx » Mon Nov 02, 2009 7:20 am

long:

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adaseb
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Postby adaseb » Mon Nov 02, 2009 8:06 am

lukx wrote:loss:

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I took the exact same trade. A full stop loss of -30 pips.

You couldn't even try to get out at break-even.

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Postby lukx » Mon Nov 02, 2009 8:08 am

loss:

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Postby adaseb » Mon Nov 02, 2009 8:11 am

lukx wrote:long:

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I decided to follow the bearish momentum and short the bounce when it reached the mid of the large bearish candle.

I have no idea what went wrong with this trade. No news.2 hours before the London open.

Who knows
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Postby adaseb » Mon Nov 02, 2009 8:14 am

lukx wrote:loss:

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Why did you go long in that area?

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Postby lukx » Mon Nov 02, 2009 8:16 am

long:

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Postby lukx » Mon Nov 02, 2009 8:19 am

adaseb wrote:
lukx wrote:loss:

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Why did you go long in that area?


I went long there based on this demand area in yellow:

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Last edited by lukx on Mon Nov 02, 2009 8:21 am, edited 1 time in total.

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Postby adaseb » Mon Nov 02, 2009 8:19 am

Actually didn't notice you used the 5 min chart.

I shorted it off the 15 minute chart.

It worked beautifully without any pips going against me. Exited after 20 pips.

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