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

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bredin
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Postby bredin » Sun Aug 15, 2010 9:29 pm

English has no grammar.... its got some horrible legacy hodgepodge from a hundred other languages, built on a foundation of Angle all that remains of which is syntax...

I love it, there so much history in the English language :)

G.
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flex
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Postby flex » Mon Aug 16, 2010 12:56 pm

holy s**t. this was a premature exit i guess.

Image

Image

entry was basically the same as last week. i entered rat style when h4 could not close lower and h1 could not close lower than the previous low.

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pablo101
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Postby pablo101 » Mon Aug 16, 2010 1:05 pm

flex wrote:holy s**t. this was a premature exit i guess.

Image

Image

entry was basically the same as last week. i entered rat style when h4 could not close lower and h1 could not close lower than the previous low.


easy isn't it, nice trading 8)

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 16, 2010 1:38 pm

Didn't MightyOne say he waits for a BIG BAR to exit or enter?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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lukx
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Postby lukx » Mon Aug 16, 2010 2:09 pm

flex wrote:holy s**t. this was a premature exit i guess.

Image

Image

entry was basically the same as last week. i entered rat style when h4 could not close lower and h1 could not close lower than the previous low.


flex what are those yellow lines with M?

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flex
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Postby flex » Mon Aug 16, 2010 2:48 pm

dragon marks momo candles with the fib tool set to lines at 0%, 50% and 100%. i do the same just to remember where momentum is. i marked two candles like this in the picture. the long d1 candle from a few days ago (i suspect price to go to 50% or so and then fall down further) and the second candle is the last big h4 down. i was targeting its 50% line (M for "middle"). as you can see right now it shot right through it (and i should have stayed in longer).

the next logical step would be to remove the marking from the h4 down candle and mark the 12 hour h4 up candle from today since it represents momo(?). price might offer another long from there. if it comes back...

flex
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Postby flex » Mon Aug 16, 2010 2:55 pm

this is the updated view

Image

but don't just go short if price hits the upper M. ;) look what h4 does there, of course.

ps: no, i don't find it easy as of yet... right now i feel that my last won trades were just luck and that it can turn very quickly into a losing streak without me knowing what i do wrong... this together with the fact that price can turn against me anytime during any trade still freaks me out a bit.

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dragon33
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Postby dragon33 » Mon Aug 16, 2010 6:01 pm

flex wrote:this is the updated view

Image

but don't just go short if price hits the upper M. ;) look what h4 does there, of course.

ps: no, i don't find it easy as of yet... right now i feel that my last won trades were just luck and that it can turn very quickly into a losing streak without me knowing what i do wrong... this together with the fact that price can turn against me anytime during any trade still freaks me out a bit.


Don't think, don't change anything because it can hurt you.

Keep repeating what you are doing over and over again
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

flex
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Postby flex » Tue Aug 17, 2010 9:02 am

i missed that one in blue while staring at the chart all the time. i have no idea how i should have justified the entry. there was this big red h1 candle going down, so i thought that was momentum (didn't do short of course since h4 was pointing up).
so sometimes we are allowed to ignore bigger candles? i guess the fact that the candle wicked the previous h4 open was the key, wasn't it?

Image

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dragon33
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Postby dragon33 » Tue Aug 17, 2010 9:40 am

Image
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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