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

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JESGPY
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Postby JESGPY » Mon Mar 08, 2010 1:40 pm

Dragon, ES/PIP, or MO.

could you help me out with this situation.

I was long on EU from a 4H mz. i took it as it bounced from thr 4hMZ.
But i didnt look well and when price started to stall saw i was trading against a short 4hMZ. What do you guy do i this cases.
My analisis is that there is not room for the trade and its beter to skip the trade. is that correct..? below i post the charts.

Your comment will be very helpful.

4H Chart
Image

15m Chart
Image

I took the long trade, but got out when i realised i was trading against 4h MZ.

thanks

JUAN

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es/pip
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Postby es/pip » Mon Mar 08, 2010 2:22 pm

JESGPY wrote:Dragon, ES/PIP, or MO.

could you help me out with this situation.

I was long on EU from a 4H mz. i took it as it bounced from thr 4hMZ.
But i didnt look well and when price started to stall saw i was trading against a short 4hMZ. What do you guy do i this cases.
My analisis is that there is not room for the trade and its beter to skip the trade. is that correct..? below i post the charts.

Your comment will be very helpful.

4H Chart
Image

15m Chart
Image

I took the long trade, but got out when i realised i was trading against 4h MZ.

thanks

JUAN


i would have been hesitant trading long (unless i got it off the bottom) back into the increase in sell momo.

if i was to take a short back into the down momo i would want it up high and want to see how it acted at the sideways action on the m15--- looking to bail if it found support

my charts look different ---data--- but here is what i was talking about on the m15

you can see that the long and short MZ both held price on your chart and they reversed--- so they did what they were supposed to do ( have to trade what happens not what u think will happen) ----


m15 area i would be paying attention to if i was short--- and or looking to go long out of


Image
Bend over and assume the position for another 4 years of hope and change.

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JESGPY
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Postby JESGPY » Mon Mar 08, 2010 2:26 pm

thanks for the reply ES/PIP.

I traded what i see and closed with some profit when i saw that i had not much room and had the short area right above me.

Now it moved to my first TP but since i have those 2 areas oposed to each other I just closed.

thanks again for the insights.

JUAN

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Postby es/pip » Mon Mar 08, 2010 2:33 pm

JESGPY wrote:thanks for the reply ES/PIP.

I traded what i see and closed with some profit when i saw that i had not much room and had the short area right above me.

Now it moved to my first TP but since i have those 2 areas oposed to each other I just closed.

thanks again for the insights.

JUAN


yeah---- i meant to add i would have done what you did as far as getting out when it didnt go


thats what i was talking about trading what happens instead of what you think---- just forgot to add that you did it--- lol
Bend over and assume the position for another 4 years of hope and change.

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Postby JESGPY » Mon Mar 08, 2010 3:47 pm

thanks man!

I marked a MZ incorrectly and missed this huge run down on GU. damm, there goes 70-100 pips.

MZ on 4h
Image

entries in 15m
Image

the good thing is this happens many times in the week.

JUAN

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Postby JESGPY » Mon Mar 08, 2010 3:50 pm

in the square that point the loser i meant to write:

"Loser that were made back with the winer.
Losers that were going to be avoided if first entry was taken"

JUAN

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Postby cfabian » Mon Mar 08, 2010 10:09 pm

I saw this setup too, was about to enter at the break of the last and small bullish candle. Hesitated and missed the opportunity to pocket 120 pips. All was clear to me.

Why I hesitated? Because once again was afraid to lose. Last week got nailed heavily, and still hungover from it.

Well, this is how it is.



JESGPY wrote:thanks man!

I marked a MZ incorrectly and missed this huge run down on GU. damm, there goes 70-100 pips.

MZ on 4h
Image

entries in 15m
Image

the good thing is this happens many times in the week.

JUAN
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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Postby MightyOne » Tue Mar 09, 2010 4:06 am

cfabian wrote:I saw this setup too, was about to enter at the break of the last and small bullish candle. Hesitated and missed the opportunity to pocket 120 pips. All was clear to me.

Why I hesitated? Because once again was afraid to lose. Last week got nailed heavily, and still hungover from it.

Well, this is how it is.



JESGPY wrote:thanks man!

I marked a MZ incorrectly and missed this huge run down on GU. damm, there goes 70-100 pips.

MZ on 4h
Image

entries in 15m
Image

the good thing is this happens many times in the week.

JUAN


All that you can do is trade the best that you know how; if you go broke then you go broke.

You have to just accept the outcome and place the next trade like you just won 30 in a row.

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adaseb
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Postby adaseb » Tue Mar 09, 2010 7:22 am

Hey just wondering what the white lines are referred to?

The ones at 1.5190 an 1.5125?


dragon33 wrote:Image

I will try to do my best to post some losers but when you read your charts properly and you can take profit when it is there then it is hard to lose. If you will not lose there is always a possibility of hedging your way out.

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Postby dragon33 » Tue Mar 09, 2010 7:35 am

adaseb wrote:Hey just wondering what the white lines are referred to?

The ones at 1.5190 an 1.5125?


dragon33 wrote:Image

I will try to do my best to post some losers but when you read your charts properly and you can take profit when it is there then it is hard to lose. If you will not lose there is always a possibility of hedging your way out.


The previous extremes that could be hit if price continue that way. Those are picke from an H1 chart and tuned on the M15. If price stops just before those lines i close my trades by hand.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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