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

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gootson
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Postby gootson » Wed Jan 27, 2010 12:49 pm

Lukx - good point, we (all who are short now) missed one thing -> check my pic, there was a brakeout on m15. But Im staying in that SHORT anyway...
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Postby scratty » Wed Jan 27, 2010 12:51 pm

its too slow. out with +2Pips :-)
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Postby PTG » Wed Jan 27, 2010 12:55 pm

IN-XS wrote:PTG, with regards to your entry short from 1.6243, do you enter like Dragon's method, or are you looking at supply and demand area's?


supply/demand.


If this fails, look at 1.6259-ish.

There is $ news coming up today.

Extremes may be hit so be careful :wink:
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Postby scratty » Wed Jan 27, 2010 12:56 pm

back in short 1.6240 while momo is building... H1 turned red
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Postby IN-XS » Wed Jan 27, 2010 1:10 pm

Thanks a lot PTG I have been trying to trade like that, but today I found it broke through a lot of area's and I always seemed to be on the wrong side.

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Postby PTG » Wed Jan 27, 2010 1:17 pm

IN-XS wrote:Thanks a lot PTG I have been trying to trade like that, but today I found it broke through a lot of area's and I always seemed to be on the wrong side.


You need to take the bigger picture into account. Consult higher timeframes and look where you are in that bigger picture. You cannot go against the bigger picture (unless you're crazy that is :lol: )
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Postby IN-XS » Wed Jan 27, 2010 1:22 pm

Thanks for your answers PTG, are you still short?

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Postby PTG » Wed Jan 27, 2010 1:39 pm

IN-XS wrote:Thanks for your answers PTG, are you still short?


This is not the best of trades really. I'm still short. First target 1.6200, second 1.6150, 3rd 1.6120

Market is dead. News in 1.5 hour.

The issue is that the news will cause volatility and my stop may be hit.

We'll see what happens :roll:
There's no business like [strike]show[/strike] covid19 business.

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Postby IN-XS » Wed Jan 27, 2010 1:45 pm

Thats the area's I have marked out, so I am on the right lines, I was thinking there might be a pullback when the first target is hit at 1.6200, then after the pullback I will be looking to short again!

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Postby IN-XS » Wed Jan 27, 2010 1:51 pm

That's another thing, how far away do you place your stops? I have found mine are getting hit, just before it turns around. Thanks for the previos answers and for all your help PTG I appreciate it.

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