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

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Braathen
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Postby Braathen » Mon Feb 01, 2010 12:23 pm

~Bodies show the way when they are compared to other bodies in the recent past.
Hey MO :) another question here if u get the time.
When you say that the more time it takes price to go back to the MZ (time compared to the momo) the less relevent it becomes (es/pip always said if its not in the next candle your trading s/r) and the whole x,y patteren. Then i start thinking about TRO saying there is no trend. A trend is just how a High TF momo looks like on a lower TF. So this brings me to that the market is doing whatever it wants (follow the money?). I think i just realized how huge this is. Now so the question.. erm..
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Postby lukx » Mon Feb 01, 2010 12:29 pm

SOOOOOO... the more time the price take to comeback to MZ the chances that it will turn back in direction of momo are smaller right ?

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Postby Braathen » Mon Feb 01, 2010 12:46 pm

I think i see it more like.. the further it gets away from the most recent momo the more i want to enter long on momo towards the MZ and see what happens. A higher TF could be in play and rdy to kick your butt
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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pablo101
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Postby pablo101 » Mon Feb 01, 2010 1:19 pm

as usual, I'm posting utter #%^^%#$^
Last edited by pablo101 on Sat Aug 07, 2010 2:39 am, edited 1 time in total.

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Postby pablo101 » Mon Feb 01, 2010 1:22 pm

Thanks Dragon, some of your great posts there too, much appreciated :)
What line? The line that tells you which way you are trading! - MO

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aliassmith
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Postby aliassmith » Mon Feb 01, 2010 3:03 pm

cfabian wrote:Alias... no offenses here, basically we are are thinking the same.

By "yes but no..." I was referring that won't let them clutter my mind.

... I took that opportunity by securing the num of pips I wanted, so it was a "free" trade.

Cheers


aliassmith wrote:
cfabian wrote:Thanks...
But no... I was protecting my entry, risking some of the profit in return of more. I was happy with 30 pips, and that was my starting point... protecting them and let the sucker run until that area I closed.

It was hard to sit on my hands and not to take profit earlier. It is way easier to let a looser run praying it comes back than not to take profit when you see it. This is the trick. Respect your trading plan, SL and targets.


aliassmith wrote:
cfabian wrote:WWWWWWWWOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHOOOOOOOOOOOOO!!!!!!!!!!!!!

Guys, I'm so excited... I've made my first longest trade LIVE ever (well, consciously of what was I doing). This is my short trade from today, a total of 127 pips, what meant +34% on my live account. This recovers my stupidities from last week + 10% profit for this year. Still long way to go to breakeven on my overall investment on forex.

Was about to bail at the beginning as I was +20 pips, news came in and put me at -23 or so. My SL was 1 pip on top of the daily, which was 8 more pips from my max DD.

Salute

:smt098 :smt098 :smt098 :smt041 :smt041 :smt041 \:D/ \:D/ \:D/ :lol: :lol: :lol: :P :P :P :smt035 :smt035 :smt035 :smt026 :smt026 :smt026

Image


Nice trade 34%, my best live trade is only 14%.

The big ones are good some times, but don't let them clutter your mind.


"Thanks...
But no..."


Not sure I understand that!

So you think 34% trades should be common place in your "trading plan"?

Only saying from seeing a friend of mine hit a "home run". He couldn't
get those base hits anymore because he always focused on the "home
runs". It can mess the mind up.

I Apologize if I offend you or something.

Nice trade management by the way. :)


FREE TRADES are nice.

That is why I use multiple orders.

Take small gains.

Let part run.

I think it helps on a mental level.
Trade Your Way as Long as It Makes Money!

aliassmith
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Postby aliassmith » Mon Feb 01, 2010 3:15 pm

Do these wicks suggest a short along with news
momentum?
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Trade Your Way as Long as It Makes Money!

aliassmith
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Postby aliassmith » Mon Feb 01, 2010 3:36 pm

aliassmith wrote:Do these wicks suggest a short along with news
momentum?


See what happens Free Trade, Break Even at 1.3924 short
Trade Your Way as Long as It Makes Money!

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Postby adaseb » Mon Feb 01, 2010 3:43 pm

Shorting GU

Image
Image

aliassmith
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Postby aliassmith » Mon Feb 01, 2010 5:19 pm

aliassmith wrote:
aliassmith wrote:Do these wicks suggest a short along with news
momentum?


See what happens Free Trade, Break Even at 1.3924 short


Small gain (2%), I hate US lunch break. All cash now and clearing the mind
for the rest of the day. Ok, maybe not, I always think about trading. :)
Trade Your Way as Long as It Makes Money!

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