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

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adaseb
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Postby adaseb » Sat Mar 06, 2010 2:57 pm

I see. So that long wick was basically a stop hunt.

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pablo101
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Postby pablo101 » Sat Mar 06, 2010 5:36 pm

dragon33 wrote:Image


I see it, down momo with wick in loss 4/3 10:30, hence 45 min candle, rejection off daily z and more importantly price didn't close below the extremes 5/3@8, trade long ... purely mechanical but fascinating dance, nice Dragon! :)
What line? The line that tells you which way you are trading! - MO

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adaseb
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Postby adaseb » Sat Mar 06, 2010 6:54 pm

Image
Image

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adaseb
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Postby adaseb » Sat Mar 06, 2010 6:58 pm

Image
Image

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adaseb
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Postby adaseb » Sat Mar 06, 2010 7:01 pm

Image
Image

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Postby blubbb » Sat Mar 06, 2010 7:07 pm

This is a great idea! I proposed this some months ago, but couldn't really convince the pros. ;-)

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JESGPY
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Postby JESGPY » Sat Mar 06, 2010 8:23 pm

I will also contribute with mi losers..

Adaseb, despite all those losers.. you are still making money right?

JUAN

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adaseb
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Postby adaseb » Sat Mar 06, 2010 9:07 pm

JESGPY wrote:I will also contribute with mi losers..

Adaseb, despite all those losers.. you are still making money right?

JUAN


I usually make it positive for the week because most of the time whenever I enter a trade and it goes +25 for me, I put a stop a BE and let it run. For most of my trades especially on GJ I put a T/P of 100 pips and just leave it.

If I however took 20-30 pips for each of my profitable trades I would most likely breakeven in the long run because I think I get stopped out more times than win.

Most of my biggest winners were when I was asleep because they were during the London session and I just entered my trade, put a stop, put a target point and let it be.

I think there is a famous quote in trading that I go by.

"By taking profit you won't get poor but you also won't get rich, you get rich by letting your profits run".

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Postby JESGPY » Sat Mar 06, 2010 9:19 pm

i have been practicing that too.. I enter off 4h MZs and target 1h mzs.
Also i use 2 orders with 2 TPs.
I also have seen that breaking even would have prived me from big agains since many times after my first TP was taken price went back to the entry and then continued its way till my second TP.

JUAN

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Postby MightyOne » Sat Mar 06, 2010 10:47 pm

Image

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