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

[cfabian]

Well, 2 trades this morning and definitely did not kick ass. I'll post 1 as the other is similar.

My entry on M15. Price fails to close above yellow square. It wicks the H1 zone but cannot go thru it. Entered short at the BO of previous candle.... SL got hit. Lost 40 pips today. Arrgggghhhh. Comments appreciated....



Here's H1

[cfabian]

Now look at this... don't you hate this??????????
What would you do/recommend to prevent this? Did I enter early? How to know, Why?

Well, 2 trades this morning and definitely did not kick ass. I'll post 1 as the other is similar.

My entry on M15. Price fails to close above yellow square. It wicks the H1 zone but cannot go thru it. Entered short at the BO of previous candle.... SL got hit. Lost 40 pips today. Arrgggghhhh. Comments appreciated....



Here's H1

[forexjake80]

my analysis:

MO: "(H1) Wicks show not the way, when they break the previous bar extremes, but do not close above it".

The h1 mz got wicked, because it was much more recent than the one 5 days ago.

[adaseb]

Well, 2 trades this morning and definitely did not kick ass. I'll post 1 as the other is similar.

My entry on M15. Price fails to close above yellow square. It wicks the H1 zone but cannot go thru it. Entered short at the BO of previous candle.... SL got hit. Lost 40 pips today. Arrgggghhhh. Comments appreciated....



Here's H1

Try not to trade too soon after the news release.

[adaseb]

Also today and yesterday were really tough days to trade with all this news all day.

I try to avoid these trades because there is nothing worse than being up +80 pips and then minutes later you're at -20 and it happens when the news is something unexpected and high impact.

But that's just me because I try to go for the 100+ pip movers.

I was going to take a few trades today such as the EJ and GJ however I assumed it would pullback lower and it didn't, so no trades today.

Now look at this... don't you hate this??????????
What would you do/recommend to prevent this? Did I enter early? How to know, Why?

Well, 2 trades this morning and definitely did not kick ass. I'll post 1 as the other is similar.

My entry on M15. Price fails to close above yellow square. It wicks the H1 zone but cannot go thru it. Entered short at the BO of previous candle.... SL got hit. Lost 40 pips today. Arrgggghhhh. Comments appreciated....



Here's H1

[Fxtraveller]

I HATE IT WHEN MY BROKER DOESNT TAKE MY ORDER BY 1 PIP!!!!! AAARRRG. ITS ONLY 1 PIP DAMMIT! I WILL SWITCH TO A ECN EVENTUALLY!!

The fact I was right doesnt alleviate my grief much =[
But since its been such a push back, im still bullish.

Cheers.

FxT.

[adaseb]

I HATE IT WHEN MY BROKER DOESNT TAKE MY ORDER BY 1 PIP!!!!! AAARRRG. ITS ONLY 1 PIP DAMMIT! I WILL SWITCH TO A ECN EVENTUALLY!!

The fact I was right doesnt alleviate my grief much =[
But since its been such a push back, im still bullish.

Cheers.

FxT.

I'm pissed off by this trade also, I was 100% sure that it would pullback some more and I would go long there.

[Fxtraveller]

SO FU#$%^ED OFF!!!

oh well, its only a matter of 10 euros with my 0.03 lots.

just ventilating, still in profit anyway.

Cheers.
FxT


p.s. Apologies for swearing and negativity. Will do my best to restrain myself

[Fxtraveller]

I HATE IT WHEN MY BROKER DOESNT TAKE MY ORDER BY 1 PIP!!!!! AAARRRG. ITS ONLY 1 PIP DAMMIT! I WILL SWITCH TO A ECN EVENTUALLY!!

The fact I was right doesnt alleviate my grief much =[
But since its been such a push back, im still bullish.

Cheers.

FxT.

I'm pissed off by this trade also, I was 100% sure that it would pullback some more and I would go long there.

adaseb, I put my limit just above the BO point, that can be seen on H1/H4 TF (or any other Below D1 for that matter). To me that was THE place to enter

What kind of approach/ experience made you certain that it would go even lower?

Regards.

FxT

[adaseb]

It was a hunch. Something i've been noticing.

If there was more pullback H1 candles then I probably would of entered there but I didn't think this candle would be it.

I HATE IT WHEN MY BROKER DOESNT TAKE MY ORDER BY 1 PIP!!!!! AAARRRG. ITS ONLY 1 PIP DAMMIT! I WILL SWITCH TO A ECN EVENTUALLY!!

The fact I was right doesnt alleviate my grief much =[
But since its been such a push back, im still bullish.

Cheers.

FxT.

I'm pissed off by this trade also, I was 100% sure that it would pullback some more and I would go long there.

adaseb, I put my limit just above the BO point, that can be seen on H1/H4 TF (or any other Below D1 for that matter). To me that was THE place to enter

What kind of approach/ experience made you certain that it would go even lower?

Regards.

FxT