Never Lose Again

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cfabian
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Postby cfabian » Tue Sep 08, 2009 1:40 am

And took it long....
First trade was in purpose to test an entry method... second trade was the good one, had around 9 pips DD and got to my target with +21. Didn't close it as PA was respecting that support area. My trade didn't end up in the wick of the candle. Spread pushed my entry to the top of it.

Just need more consistency and avoid whipsaws like today's morning in that GBPUSD short trend.

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cfabian wrote:Thanks for your insight espip. Thanks to you as well dragon

Looking to long this once we have momo to the upside.

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es/pip wrote:
cfabian wrote:Very nice dragon... I had the same trade, but going the other way LOL. Here's what I was seeing:

H1, price had long momentum, then short momo started to build and saw the area you marked on your H1 chart. As long momo candle was bigger and saw price action bouncing up, thought would be a long entry point. Then looked for that entry point on lower TF.

What made you believe price would go down even further? My H4 candle at that time showed no momo (it does now at the close).

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dragon33 wrote:The first trade is not out the book it is just a trade away from resistance

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Here you can see the reentry based on the H1 chart.

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Here you can see the priceaction on the M15

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once that momo short comes into that long momo and then cant go up its a short trade------ especially with the double top on the h1 right behind it

i can see what you were looking at----

but by the time you got long it was right back into the mz of the short momo bar-- if i was going to try it i would want it as low as poss. or pass on it

the double top ( with an increase of momo down off of it) being the main factor for me on that one though

edit----------------------------------------------------

just saw that q was directed to Dragon

thats just what i was thinking through that
Last edited by cfabian on Tue Sep 08, 2009 2:16 am, edited 1 time in total.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
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cfabian
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Postby cfabian » Tue Sep 08, 2009 2:05 am

double post
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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dragon33
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Postby dragon33 » Tue Sep 08, 2009 8:28 am

This was an easy one
I wish every day was like this. Out before news

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Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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lukx
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Postby lukx » Tue Sep 08, 2009 8:46 am

too bad I chickened out form this one :) but hey better to have 30 pips than not to have them :)

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dragon33
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Postby dragon33 » Tue Sep 08, 2009 9:10 am

lukx wrote:too bad I chickened out form this one :) but hey better to have 30 pips than not to have them :)

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yes indeed. The main thing still is grab those pips and drain the banks. How many does not matter.
Trading is like cycling, first you need to learn how.

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spa
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Postby spa » Tue Sep 08, 2009 9:36 am

dragon33 wrote:This was an easy one
I wish every day was like this. Out before news

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amazing....
what made you take the trade tho? clearly the 1h agreed with you but the higher timeframes didn't showed anything to support the trade..

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pablo101
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Postby pablo101 » Tue Sep 08, 2009 9:39 am

dragon33 wrote:This was an easy one
I wish every day was like this. Out before news

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If wishes were fishes ;)

I've got +81 from that, measly compared to yours but I still a boyscout but still happy!

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lukx
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Postby lukx » Tue Sep 08, 2009 9:45 am

spa wrote:amazing....
what made you take the trade tho? clearly the 1h agreed with you but the higher timeframes didn't showed anything to support the trade..


4H perfectly supported the trade:
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Braathen
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Gu today

Postby Braathen » Tue Sep 08, 2009 9:53 am


Yeah that GU came nicly.. could es/pip or dragon33 maybe give me a pointer on my entry.. was a too earlie.. gambling? maybe i should have waited for the retrace on the marger momo like u guys. thanks again for all ur insight guys :D

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lukx
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Postby lukx » Tue Sep 08, 2009 9:53 am

is it me or there was som funku price jump:

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