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

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Fxtraveller
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Postby Fxtraveller » Fri May 14, 2010 2:42 pm

IN-XS wrote:
newark18 wrote:see ya


I hate when that happens, just as I get out, it takes off!



Aint that a b^&*ch ! :roll:

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IN-XS
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Postby IN-XS » Fri May 14, 2010 3:04 pm

Got in again, but still was not sure, didn't like PA, so I got out +25. As I am typing this , it has just burst through and made a new low AGAIN!

Image

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IN-XS
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Postby IN-XS » Fri May 14, 2010 3:11 pm

It is now nearing my previous target of 113.617. Wish I had more confidence in myself.

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Braathen
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Postby Braathen » Fri May 14, 2010 3:33 pm

Wish I had more confidence in myself.

YOUR IRISH! GROW A PAIR?

Just stick on some good old luke kelly and your off m8 ;)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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IN-XS
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Postby IN-XS » Fri May 14, 2010 3:40 pm

LOL! Yes sir!

I have not been doing as well as you recently, so it kind of makes you second guess everything. Maybe Luke Kelly will help, lol!

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dragon33
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Postby dragon33 » Fri May 14, 2010 5:12 pm

Why direction problems. You guys are missing previous lessons!!!
Higher frames rules
Long time ago i told you open close and 50% areas are important!!!

There is no directions problem H4 is stil in charge.

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I got almost 300 pips on gu only
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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newark18
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Postby newark18 » Fri May 14, 2010 5:18 pm

dragon, you sir, as americans would say, are the MAN!
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Fri May 14, 2010 5:25 pm

Manta,

I think that a good exit strategy especially if you are scalping. If a momo candle closes there is a good possibility of retracement.
Failure is an opportunity to learn.

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gfg1
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Postby gfg1 » Fri May 14, 2010 5:25 pm

dragon, thanks so much for the reminder. It got lost in the shuffle of all the other great concepts you, MO, es/pip, and alias come up with. Once again Ty for the continued guidance.

dragon33 wrote:Why direction problems. You guys are missing previous lessons!!!
Higher frames rules
Long time ago i told you open close and 50% areas are important!!!

There is no directions problem H4 is stil in charge.

Image
Image
Image

I got almost 300 pips on gu only
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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dragon33
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Postby dragon33 » Fri May 14, 2010 5:46 pm

Manta wrote:I see plenty of people struggling with exits.
What I usually do, believe it or not...

If I trade from H4 Mighty Zone, then I want to exit on the next H4 MOMO candle CLOSE or Mighty Zone of previous Momo candle from higher timeframe.

If I trade from H1 Mighty Zone, then I want to exit on the next H1 MOMO candle CLOSE or Mighty Zone of previous Momo candle from higher timeframe.

I hope it is clear enough. I think WE guys from former Soviet Block are drinking too much and sometimes it takes longer time for us to catch ideas. Any comments are welcome.

Ohhh no, I ran out of my six packs. Have to go shopping, will be back soon...


You are correct i do almost the same for pullbacks. When i am inside an H4 momo i try to exit on the next available area. Those areas are today far away but they are there.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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