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

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cfabian
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Postby cfabian » Tue Aug 31, 2010 2:45 pm

+20 at the moment.
Tempted to move SL to BE.



cfabian wrote:Currently in this trade. Let's see if I can hold. Top of the day... previous D1 big short momo. D1 ZL, so everything almost line up.

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cfabian
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Postby cfabian » Tue Aug 31, 2010 3:15 pm

cfabian wrote:+20 at the moment.
Tempted to move SL to BE.



cfabian wrote:Currently in this trade. Let's see if I can hold. Top of the day... previous D1 big short momo. D1 ZL, so everything almost line up.

Image


What would you do here?
Closed my trade at the lower green line with +8. Had the chance to close it at the yellow area (where a "natural" bounce would happen).

During that bounce up it almost got my entry. As nothing is sure in this market, why would you let a winning position turn into a loser?

How to deal with it???? Any advices????

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

FXfreak
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Postby FXfreak » Tue Aug 31, 2010 3:32 pm

cfabian, your entry was perfect!!

when it comes to exit, i prefer the following methods:

1. target next h1 zline OR
2. exit, when next sema comes OR
3. watch the daily and decide if the trade has the chance to win more pips. in this case:
3a) target next h4-zline
3b) target next d1-zline

but i prefer to target next h1 when my entry comes from m15.

jarnapal
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Postby jarnapal » Tue Aug 31, 2010 5:15 pm

maestro007 wrote:What are you expecting? Or are you just waiting for price to close or not close over a line?


Yea, I was looking for reversal but it's still following the line. By the way, the line is 45*

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es/pip
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Postby es/pip » Tue Aug 31, 2010 7:49 pm

CFTC ruling comes in at 50-1 max leverage for US brokers

although

"The rule could also be adjusted by regulators once a year."


http://www.favstocks.com/cftc-releases- ... s/3023603/

http://online.wsj.com/article/BT-CO-201 ... 10823.html
Last edited by es/pip on Tue Aug 31, 2010 7:56 pm, edited 2 times in total.
Bend over and assume the position for another 4 years of hope and change.

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dragon33
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Postby dragon33 » Tue Aug 31, 2010 7:55 pm

cfabian wrote:
cfabian wrote:+20 at the moment.
Tempted to move SL to BE.



cfabian wrote:Currently in this trade. Let's see if I can hold. Top of the day... previous D1 big short momo. D1 ZL, so everything almost line up.

Image


What would you do here?
Closed my trade at the lower green line with +8. Had the chance to close it at the yellow area (where a "natural" bounce would happen).

During that bounce up it almost got my entry. As nothing is sure in this market, why would you let a winning position turn into a loser?

How to deal with it???? Any advices????

Image


H1 and H4 BO never target more as first H1 target which will be a zl or 50% area. 27 against momo's is nice so just take it. Why not wait for pullback and trade the right direction. A lot of people would pay money to make 27 with trend.

Patience is so important
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 » Tue Aug 31, 2010 8:00 pm

just one trade today no more time to trade. Pitty lot of opportunities

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

Two options: you either lose or win!

jarnapal
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Postby jarnapal » Tue Aug 31, 2010 8:10 pm

es/pip wrote:CFTC ruling comes in at 50-1 max leverage for US brokers

although

"The rule could also be adjusted by regulators once a year."


http://www.favstocks.com/cftc-releases- ... s/3023603/

http://online.wsj.com/article/BT-CO-201 ... 10823.html


Looks like a plan to reduce it even more.. I wonder when they do the same to EU brokers..

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Postby TheRumpledOne » Tue Aug 31, 2010 9:18 pm

es/pip wrote:CFTC ruling comes in at 50-1 max leverage for US brokers

although

"The rule could also be adjusted by regulators once a year."


http://www.favstocks.com/cftc-releases- ... s/3023603/



http://online.wsj.com/article/BT-CO-201 ... 10823.html


THESE PEOPLE NEED TO BE HUNG!!

AMERICA IS NOT THE LAND OF THE FREE ANYMORE.

GIVE ME 100 TO 1 LEVERAGE OR GIVE ME DEATH!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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cfabian
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Postby cfabian » Tue Aug 31, 2010 9:33 pm

dragon33 wrote:
cfabian wrote:
cfabian wrote:+20 at the moment.
Tempted to move SL to BE.



cfabian wrote:Currently in this trade. Let's see if I can hold. Top of the day... previous D1 big short momo. D1 ZL, so everything almost line up.

Image


What would you do here?
Closed my trade at the lower green line with +8. Had the chance to close it at the yellow area (where a "natural" bounce would happen).

During that bounce up it almost got my entry. As nothing is sure in this market, why would you let a winning position turn into a loser?

How to deal with it???? Any advices????

Image


H1 and H4 BO never target more as first H1 target which will be a zl or 50% area. 27 against momo's is nice so just take it. Why not wait for pullback and trade the right direction. A lot of people would pay money to make 27 with trend.

Patience is so important


Thanks Dragon, here I've probably a really stupid question, but what makes you believe is the "wrong" direction? I've based this trade on higher timeframes, were I "saw" we were at the top of a reversal (at least for an intraday trade).... good for a short entry. I bailed out, but have the believe it will go further short.

Thanks
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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Thank you for your support.


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