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

[cfabian]

Hey Lukx, we're here again... had the same loosing trade. Just posted it.

[lukx]

yep... I think our mistake was not waiting for 1h momo up from 4h mz and pullback to this 1h momo mz...

[cfabian]

Not sure about that, H1 momo up is where our fibs are located. Also consider this post what I believe is "similar":

http://kreslik.com/forums/viewtopic.php?p=44519#44519

yep... I think our mistake was not waiting for 1h momo up from 4h mz and pullback to this 1h momo mz...

[lukx]

hmmm you're right in this example Dragon didn't wait for momo up and pullback to take the trade...

[lukx]

to sum up : we were in 4h mz + even 1h mz, price got rejected form this 50% zone (wick) we took rat entry and got spanked... maybe we did everything right and it was just loosing trade ...

[cfabian]

I do believe so, let's see if someone gives us some feedback. Now price is stalling and most likely will go in our direction, but with our money already.

to sum up : we were in 4h mz + even 1h mz, price got rejected form this 50% zone (wick) we took rat entry and got spanked... maybe we did everything right and it was just loosing trade ...

[lukx]

what was your target for this trade ?

[lukx]

I was aiming for this place:


I'm off to bed hope tomorrow be better

[cfabian]

If the trade developed nicely, I was looking to "probably" taking it to the top of the week which was around 70 pips, or if breaking that point, going longer term.

what was your target for this trade ?

[flex]

lukx, I went short there!