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

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 12:45 pm

Hoping for a quick scalp on this one, as it looks like it may go long again soon.

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 12:50 pm

Should I close out this trade now, it looks that way on 1H?!

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 12:52 pm

But the 4H is showing a differnet story, what should I do? I think I might try and hold on a bit longer.

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 1:22 pm

I made the sensible choice, I think! And closed all trades, with a nice little profit.

Braathen · Post by **Braathen** » Wed Jan 06, 2010 2:10 pm

thumbs up! experience is what u need... keep going and soon u will find urself holding for ur target or the market tells u diffrent

aliassmith · Post by **aliassmith** » Wed Jan 06, 2010 3:31 pm

IN-XS wrote:I made the sensible choice, I think! And closed all trades, with a nice little profit.

When in doubt get flat in your positions and rethink your strategy.
There is always another trade!

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 6:20 pm

Going short again! Thanks for the above comments by the way.

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 6:21 pm

IN-XS · Post by **IN-XS** » Wed Jan 06, 2010 6:27 pm

And short here also.

cfabian · Post by **cfabian** » Wed Jan 06, 2010 7:47 pm

Ok, I agree on the down momo there... but what made you enter in that point in your first short trade?

Second short you where just trading the break out of previous short candle, correct? Why didn't you wait for a pull back/retrace on this one?

As per your previous long trade, you where just trading the break out long, just as that?

Congrats... you made good pips today.

Cheers

pablo101 wrote: