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

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IN-XS
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Postby IN-XS » Tue Feb 02, 2010 12:11 pm

It is momentum that determines the distance between open and close. More buyers price goes up and vice-versa.

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IN-XS
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Postby IN-XS » Tue Feb 02, 2010 1:32 pm

How is everyone getting on today? I personally am finding it hard to pick a trade.

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Postby JESGPY » Tue Feb 02, 2010 1:35 pm

Earlier today they were nice MZ trade on the daily charts EU and GU... I was sleeping but i see the trades were clear.

ill post the charts.

JUAN

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IN-XS
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Postby IN-XS » Tue Feb 02, 2010 1:38 pm

Thanks Juan!

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Postby gootson » Tue Feb 02, 2010 1:43 pm

I did one trade but it was a looser...
Experience is one thing you can't get for nothing.

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Postby aliassmith » Tue Feb 02, 2010 1:47 pm

MightyOne wrote:It has been my experience that moving stops to even or a small profit virtually guarantees no profit or a small profit almost every time.

It is my belief that one should reduce risk by taking profit and not by moving stops...

but you do what you want :wink:


The more I test this concept, the more I see it happens just as you say.
It happen to me yesterday. I took off half my order then moved the
stoploss up to "protect" my order.

Price moved close to my TP but went back and hit the SL for a small gain.
Trade Your Way as Long as It Makes Money!

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JESGPY
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Postby JESGPY » Tue Feb 02, 2010 2:03 pm

This are the trades i saw today.. i was sleeping but could have been nice trades.



MZ on D1 chart on EU
Image


Could have taken the trade on 15m as Rat Reversal

Image

Now GU

4h chart MZ
Image

Could have taken the trade on 15m as Rat Reversal, but is more risky.
Image


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Juan

dchappy
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Postby dchappy » Tue Feb 02, 2010 2:24 pm

lukx wrote:Now I'm doing everything I can too zero my account and it's even harder than to win :) This is how pathetic trader I am :)


Don't do that ... You entered the contest to learn ...Don't quit now ..

Shut down for today & start fresh tomorrow...No one can trade with anger .
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spa
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Postby spa » Tue Feb 02, 2010 2:37 pm

JESGPY wrote:This are the trades i saw today.. i was sleeping but could have been nice trades.



MZ on D1 chart on EU
Image


Could have taken the trade on 15m as Rat Reversal

Image

Now GU

4h chart MZ
Image

Could have taken the trade on 15m as Rat Reversal, but is more risky.
Image


Comments

Juan


all were buying into momentum, small stops but still against the bigger momo... plenty of discretion involved there

aliassmith
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Postby aliassmith » Tue Feb 02, 2010 3:13 pm

Couldn't catch any decent profits on the majors today.
Only a little over BE :roll:
Trade Your Way as Long as It Makes Money!

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