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

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dragon33
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Postby dragon33 » Tue Dec 01, 2009 5:52 pm

adaseb wrote:
Brookmyre wrote:Hey Adaseb, what made you go long here. I don't see it. The pa looks to be short? :(


It reached a H1 Zline and in that area on the M5 it looked like it was a stop and reversal with that large bullish candlestick. After that candle it pulled back and I went long and it just tanked.


Yes it looked like that. Once you are running away from that zeroline you have to wait. Watch to your left the new high stays within the range of previous M5 down. That's not a good sign to enter long!!!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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adaseb
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Postby adaseb » Tue Dec 01, 2009 6:01 pm

dragon33 wrote:
adaseb wrote:
Brookmyre wrote:Hey Adaseb, what made you go long here. I don't see it. The pa looks to be short? :(


It reached a H1 Zline and in that area on the M5 it looked like it was a stop and reversal with that large bullish candlestick. After that candle it pulled back and I went long and it just tanked.


Yes it looked like that. Once you are running away from that zeroline you have to wait. Watch to your left the new high stays within the range of previous M5 down. That's not a good sign to enter long!!!


Hello dragon33

Thanks for your input. However I am a bit confused what you mean by "the new high stays withn the range of previous M5 down".

The long bullish M5 candle that I used as my Zline entry it had a longer range and higher high than the previous M5 candle.

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adaseb
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Postby adaseb » Tue Dec 01, 2009 7:42 pm

My last 2 current trades

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Postby dragon33 » Tue Dec 01, 2009 7:47 pm

adaseb wrote:
dragon33 wrote:
adaseb wrote:
Brookmyre wrote:Hey Adaseb, what made you go long here. I don't see it. The pa looks to be short? :(


It reached a H1 Zline and in that area on the M5 it looked like it was a stop and reversal with that large bullish candlestick. After that candle it pulled back and I went long and it just tanked.


Yes it looked like that. Once you are running away from that zeroline you have to wait. Watch to your left the new high stays within the range of previous M5 down. That's not a good sign to enter long!!!


Hello dragon33

Thanks for your input. However I am a bit confused what you mean by "the new high stays withn the range of previous M5 down".

The long bullish M5 candle that I used as my Zline entry it had a longer range and higher high than the previous M5 candle.

Image


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

Two options: you either lose or win!

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adaseb
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Postby adaseb » Tue Dec 01, 2009 7:57 pm

The EJ trade was a loss -8 PIPS

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adaseb
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Postby adaseb » Tue Dec 01, 2009 8:19 pm

Closed against me. Managed to get out at BE

Done trading for the day.

Made 26 pips yesterday and lost 31 pips today.

Tomorrow will be a new day.

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Brookmyre
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Postby Brookmyre » Tue Dec 01, 2009 9:20 pm

adaseb wrote:
Brookmyre wrote:Hey Adaseb, what made you go long here. I don't see it. The pa looks to be short? :(


It reached a H1 Zline and in that area on the M5 it looked like it was a stop and reversal with that large bullish candlestick. After that candle it pulled back and I went long and it just tanked.


aaahhh ok, now I see what you were seeing.....

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Postby adaseb » Wed Dec 02, 2009 8:50 am

Off to a good start

+35 pips.

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Postby adaseb » Wed Dec 02, 2009 9:05 am

Another +25. Same pair

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spa
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Postby spa » Wed Dec 02, 2009 1:20 pm

12 pips loss on half of position .. short @1.6678 exit when that 5 min bar pushed higher ... (ignore the sell line on the chart)

on the 4h cahrt in the left one ca see the shorts being zeroed out and held profit from below,
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