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

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es/pip
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Postby es/pip » Fri May 07, 2010 4:52 am

lukx wrote:can anyone please tell me if I did something wrong or it was "okay trade that just didn't work out :) ?

Image

Image



i never would have taken that

m15

m5

no reason to take that

thats like catching a bowling ball someone dropped off the empire state building
Bend over and assume the position for another 4 years of hope and change.

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bredin
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Postby bredin » Fri May 07, 2010 4:56 am

lukx wrote:can anyone please tell me if I did something wrong or it was "okay trade that just didn't work out :) ?

Image

Image


lukx, looks to me like you jumped in early, and entry is probably closer to about halfway up the low "2" sema candle: the low of the down candle a bit before that. a bit below price in your m15 pic.

edit: I agree with es its a very low probability entry.
edit 2: i got that entry way wrong :)

G.
Last edited by bredin on Fri May 07, 2010 6:10 am, edited 1 time in total.
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lukx
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Postby lukx » Fri May 07, 2010 5:04 am

thank you guys

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Jalarupa
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Postby Jalarupa » Fri May 07, 2010 5:10 am

Wow I woke up this morning and saw all the HUGE drops last nite of the JPY pairs and I decided to get in on the short side EJ an hour ago... netted 40 pips :D (Missed the GU :shock:)

What an awesome way to start the day!

Off to work... see ya peeps NY lunch time :D

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lukx
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Postby lukx » Fri May 07, 2010 5:25 am

so are we now looking to SHORT it around here?

Image

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Humble
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Postby Humble » Fri May 07, 2010 6:04 am

Keep an eye on the Z Lines.

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Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby MightyOne » Fri May 07, 2010 6:09 am

I don't know why so many people have problems with this.

You see something happening on a long term chart and trade off of the extremes.

Bodies fall in the direction of profit.

Wicks fall in the direction of loss.

&

You liquidate after a large bodied candle.

Makes you want to say WTF & just trade ppl! :wink:

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Postby dragon33 » Fri May 07, 2010 6:16 am

Hi guys,

Other things to do today so i will not trade, no need to after that crazy day yesterday. No need to say what happened to my account :oops:

This is something i need to say.

I have a good contact with two professional traders who trade a strange system but one that works great. They never lost a trade. It is built on a mathematical thing. They start selling when we buy and they built up there positions on certain levels. When there is a price correction they cash there trades.

When i met those guys i told them they will crash if there happens something nasty. IT HAPPENED YESTERDAY they lost there money and there clients money from the managed account. The system couldn't cover a drop from 1000 pips/day on several pairs they were trading but the main thing is. When they saw it went wrong.

They couldn't CLOSE there trades using MB, they couldn't reach them by phone. So i can say watch out with MB. The last weeks i have heared about more issues with MB. So be carefull. Sorry for them but i probably have a lot of there money in my account. Life is hard and when you play with money there can happen nasty things.
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lukx
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Postby lukx » Fri May 07, 2010 6:27 am

MightyOne wrote:I don't know why so many people have problems with this.

You see something happening on a long term chart and trade off of the extremes.

Bodies fall in the direction of profit.

Wicks fall in the direction of loss.

&

You liquidate after a large bodied candle.


years are passing and I still don't get it :)
Should I buy in wick area? WTF ?!

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scratty
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Postby scratty » Fri May 07, 2010 6:27 am

I did not so well => took 50 Pips of GU at the beginning of the real vola. My Problem i just realize the winners too quick...

@MO: The problem that the most trades (me included) have is the psychology. To much trading. Not concentrating on the real important things.

Quality not Quantity!
Lose professionally!

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