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

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dragon33
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Postby dragon33 » Thu Jun 17, 2010 3:41 pm

Lijing wrote:Hey, Dragon, any idea how to avoid these kind of unfortunate trades..?

Analysis. Price came out of a s/r area, H4 was green.
On H1 (overlay) I saw a momo bar. Then I put on a M15 rat trade.

Image

Image


If you compare candlesize then you see there is NO momo up on the place where you start thinking to buy. All the up candles are small sized against all the descending candles.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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dragon33
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Postby dragon33 » Thu Jun 17, 2010 3:45 pm

numbk2k wrote:I was watching hopelessly tring to find an entry point while GU moved 180 pips ... any one had a clue how to trade it !

Image

a question to Dragon would you take those trades according to M15 momo only ? thanks for your answer :wink:


If price does not close over a line you trade the opposite direction.

In this case you could have traded the highs of the descending M15 candles.

I missed it myself watching ej while i got ej.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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Postby numbk2k » Thu Jun 17, 2010 3:51 pm

dragon33 wrote:
numbk2k wrote:I was watching hopelessly tring to find an entry point while GU moved 180 pips ... any one had a clue how to trade it !

Image

a question to Dragon would you take those trades according to M15 momo only ? thanks for your answer :wink:


If price does not close over a line you trade the opposite direction.

In this case you could have traded the highs of the descending M15 candles.

I missed it myself watching ej while i got ej.


Thanks ...... just to confirme you mean these highs in green ?

Image

zapzinig
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Postby zapzinig » Thu Jun 17, 2010 4:02 pm

numbk2k wrote:I was watching hopelessly tring to find an entry point while GU moved 180 pips ... any one had a clue how to trade it !

Image

a question to Dragon would you take those trades according to M15 momo only ? thanks for your answer :wink:


Gu was in a H4 Buy zone. Wait for H1 close up. Take H1 rat buy

Image

Image

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Postby numbk2k » Thu Jun 17, 2010 4:24 pm

zapzinig wrote:
numbk2k wrote:I was watching hopelessly tring to find an entry point while GU moved 180 pips ... any one had a clue how to trade it !

Image

a question to Dragon would you take those trades according to M15 momo only ? thanks for your answer :wink:


Gu was in a H4 Buy zone. Wait for H1 close up. Take H1 rat buy

Image

Image


Thanks Zapzinig that was extremely helpful also inspiring :wink:

BTW congratulation on that trade it was perfect .... hopefully i'll learn to catch those H4 runs .

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rushN4
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Postby rushN4 » Thu Jun 17, 2010 4:30 pm

short GU... EDIT: CLOSED +10

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dragon33
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Postby dragon33 » Thu Jun 17, 2010 5:25 pm

numbk2k wrote:
dragon33 wrote:
numbk2k wrote:I was watching hopelessly tring to find an entry point while GU moved 180 pips ... any one had a clue how to trade it !

Image

a question to Dragon would you take those trades according to M15 momo only ? thanks for your answer :wink:


If price does not close over a line you trade the opposite direction.

In this case you could have traded the highs of the descending M15 candles.

I missed it myself watching ej while i got ej.


Thanks ...... just to confirme you mean these highs in green ?

Image

Yes that is correct
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

Humble
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Postby Humble » Fri Jun 18, 2010 1:04 am

dragon33 wrote:
numbk2k wrote:Thanks ...... just to confirme you mean these highs in green ?

Yes that is correct


So "In the circle are fails to close higher. H1 fails to close higher", "No close higher" etc. refers to higher than the previous highs close (ie not the previous highs extreme.)?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

brettnchris
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Postby brettnchris » Fri Jun 18, 2010 3:23 am

Well today I took one trade after USD Unemployment came out. GJ short. I used the 50 percent of previous hour candle as a line when price gave me a rat reversal I entered and put a profit target of 50 pips hit pretty fast.
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scheeco
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Postby scheeco » Fri Jun 18, 2010 8:58 am

Took this one on EJ:
Analysis:
H4 - in the zone
H1 - short MOMO starting 4 candles back with H1 candles not able to close above H1 SHORT MOMO open price
- Last H1 was indecisive with big wick to the top rehected higher price
- bias is short with MOMO
M15 - 2 SEMA formed
- using RAT entry to short
Image

Comments and advise appreciated!

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