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JTurnbull
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Current trade

Postby JTurnbull » Fri Sep 11, 2009 6:57 am

I am trading away from 33 day old Zone. here is 4hr chart
Image
And here is my entry short on the 5 min
Image
Let me know what you think. Target is 4hr at 1.6660

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JTurnbull
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Postby JTurnbull » Fri Sep 11, 2009 7:12 am

Exit at 1.6700 because i didnt like PA. looking to reenter at around same as my entry again.

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lukx
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Postby lukx » Fri Sep 11, 2009 9:36 am

Guys what would you do in this kind of situation?
Is it what I'm seeing correct?

Image

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lukx
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Postby lukx » Fri Sep 11, 2009 9:53 am

Also what would be the target ? 1H MZ? but it;s just few pisp away form long MZ. This is where I'm getting lost. I somehow successfully manage to enter but I can't figure out exits. Should I only go from one ZL to another or I shoudl aim at higher tf opposit ZL to mine lower tf zl entry?

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es/pip
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Postby es/pip » Fri Sep 11, 2009 10:51 am

lukx wrote:Guys what would you do in this kind of situation?
Is it what I'm seeing correct?

Image



you just have to interpret the PA based on the momo on the micro and macro charts and decide what makes sense to you and trade with tight stops and larger targets

i traded long short and long thru all of that bec it made sense to me

but if things doint make sense to you then only trade when it does----

looking at all the time frames together will come easyier with time--

otherwise just stuck with the h4 and trade off it

___________________________________________________

your next post

targets are disretionary just like the entries--- you just have to target what makes sense to you and then get out on PA if the forex money machine doesnt agree with your target :D

i will post some charts once i get out of these trades
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Fri Sep 11, 2009 11:01 am

JTurnbull wrote:Exit at 1.6700 because i didnt like PA. looking to reenter at around same as my entry again.



didnt want to make any comments when you were in a trade with a specific target-----

just be aware of the new h4 momo- which created held profit ----- that is the first area for a target


but

i see what you were looking at for the trade and i dont disagree with playing a short scalp off it like that
Bend over and assume the position for another 4 years of hope and change.

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lukx
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Postby lukx » Fri Sep 11, 2009 11:02 am

I'm in this one right now.

Long from blue traingle

Image

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Patch
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Postby Patch » Fri Sep 11, 2009 11:03 am

lukx

Great post at 5:36am above with charts, notes and your question. This is the same thing I am wondering and working on figuring out.

What software and how were you able to put the six charts together in a 2 x 3 layout? This is a great space saver and would be a big help for me to know how to do also.

Patch
Heading for the Mall
Drinking TEA Saturday
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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es/pip
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Postby es/pip » Fri Sep 11, 2009 11:08 am

lukx wrote:I'm in this one right now.

Long from blue traingle

Image


me too :D

based off the h4 momo
Bend over and assume the position for another 4 years of hope and change.

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lukx
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Postby lukx » Fri Sep 11, 2009 11:11 am

es/pip wrote:just be aware of the new h4 momo- which created held profit ----- that is the first area for a target


es/pip so the most recent (CLOSED) 4h candle is usually the main aim to go in it's direction.

Does my thinking makes any sense?

Image

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