Never Lose Again

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lukx
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Postby lukx » Mon Oct 19, 2009 10:24 am

Braathen wrote:Ok so my first shot this wonderfull monday morning.. im thinking gu short.. if im wrong ... pls flame me :) :)
Currently running 43 pips :twisted: This could turn into a nice day off ;)

Image


why did you take it? there was no momo on 4H

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Braathen
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Postby Braathen » Mon Oct 19, 2009 11:07 am

hmm.. why did i take it.. good question.
I guess i just traded what i saw.. 4h price clustering around mz area.. i made a not so great triangle that was saying short.. 25m and 15m 10m and 5m momo down.. is it going down? i dunno.. im in.. :P This trade proberbly wasnt the best looking at at larger point of veiw but imo a great scalp if i just knew that from the beginning :) :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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es/pip
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Postby es/pip » Mon Oct 19, 2009 12:53 pm

lukx wrote:
Braathen wrote:Ok so my first shot this wonderfull monday morning.. im thinking gu short.. if im wrong ... pls flame me :) :)
Currently running 43 pips :twisted: This could turn into a nice day off ;)

Image


why did you take it? there was no momo on 4H



bec he is looking at it in a discretionary way

you are still looking at it as a method
Bend over and assume the position for another 4 years of hope and change.

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Braathen
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Postby Braathen » Mon Oct 19, 2009 1:28 pm

Patience is a god sent!! 2nd trade today.. i tried packing in some of the stuff i use to read the PA.. largest correction boxes .. the hook/wedge (i think) and ofc held profit.. anyway im up around 40 pips atm and im still in.. kinda bored so i thought id post it earlie :)

Image

And btw MO.. sorry for all these questions but the journal u are refering to.. im guessing its your micro account thread?

Thanks for answering that in a much easier way Es/pip :)

*edit* exited for 32 pips.. http://www.youtube.com/watch?v=AXQg7Oir1Bg
Last edited by Braathen on Mon Oct 19, 2009 1:37 pm, edited 1 time in total.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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lukx
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Postby lukx » Mon Oct 19, 2009 1:36 pm

4h
Image

5m
Image

why, why, why...

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es/pip
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Postby es/pip » Mon Oct 19, 2009 1:51 pm

lukx wrote:4h
Image

5m
Image

why, why, why...


nothing wrong with that trade

it (zl/mz) did what it was supposed to do

it provided support and then it didnt hold---so you get out


you get in

you are in profit and then what happens?

the market cant go up ---and makes two lower highs------ now you need to get out

i was in that trade and got out +6

you cant just stay in if it is not working

what was your stop?

could have gotten out at b/e

Image
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 » Mon Oct 19, 2009 1:59 pm

thanks es/pip, actually I feel relief that I saw right thing :)
I was more concentrated on entry than on exit and this is why I got stopped out (10 pips or something), but thanks for showing me what I should look for next time. Quick quetion, while we're still in this 4h mz if things pick up on we still might enter again for long right? or now becasue support on 5m got broken we sould be looking for short so the price is probably aiming to zl those long 4h holders?

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Postby pablo101 » Mon Oct 19, 2009 2:04 pm

MightyOne wrote:
pablo101 wrote:Slow Monday so I thought I get started looking at things from a different angle ;)

My first attempt H1 EJ drawing lines looking odd, in all that is holy, I haven't a monkey what the heck I'm drawing at, guess I have to start somewhere





Image


1. delete background lines
2. compress your chart

You cannot see anything with your nose on the chart...


Ok MO, you're right, looks like dogs dinner.

Can I ask what the ticks you have on your chart are for?
WAS A YALE STUDENT. Now? Let's see!

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pablo101
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Postby pablo101 » Mon Oct 19, 2009 2:22 pm

Braathen wrote:Patience is a god sent!! 2nd trade today.. i tried packing in some of the stuff i use to read the PA.. largest correction boxes .. the hook/wedge (i think) and ofc held profit.. anyway im up around 40 pips atm and im still in.. kinda bored so i thought id post it earlie :)

Image

And btw MO.. sorry for all these questions but the journal u are refering to.. im guessing its your micro account thread?

Thanks for answering that in a much easier way Es/pip :)

*edit* exited for 32 pips.. http://www.youtube.com/watch?v=AXQg7Oir1Bg


Nice trading :)

I'm so jealous you got your angles sorted :( its been driving me nuts all day.
Last edited by pablo101 on Tue May 04, 2010 9:33 am, edited 3 times in total.

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es/pip
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Postby es/pip » Mon Oct 19, 2009 2:26 pm

lukx wrote:thanks es/pip, actually I feel relief that I saw right thing :)
I was more concentrated on entry than on exit and this is why I got stopped out (10 pips or something), but thanks for showing me what I should look for next time. Quick quetion, while we're still in this 4h mz if things pick up on we still might enter again for long right? or now becasue support on 5m got broken we sould be looking for short so the price is probably aiming to zl those long 4h holders?



the market is still long until

1. the h4 momo doesn't hold it and we go down
2. it tries to go up and cannot and something else sets up for the short

but right now it is still long off the h4


i got back in on the m1

largest correction and momo

wasn't the clearest setup in the world

but i know for a fact.

1 that the bias is long

2 and that if a 5 min closes against me 9 out of 10 times i can get out with no loss or a small loss

so i am willing to give it a shot

Image
Bend over and assume the position for another 4 years of hope and change.

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