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
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
Never Lose Again
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- Braathen
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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-
MO-
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lukx wrote:4h
5m
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
Bend over and assume the position for another 4 years of hope and change.
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?
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?
- pablo101
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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
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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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
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.
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
Bend over and assume the position for another 4 years of hope and change.
es/pip wrote: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
then you have the choice of getting in here
it carries some risk bec you didn't get in off the bottom and now have held profit below you
if i had not looked at the m1 i would have got in here
i mean
anything can happen
it could rip up 200 pips
closes against you
do nothing at all
go up a tad
who the hell knows
u just trade what you see
but if you have the discipline to get out right away when things do not go your way and are able to accept your losses
then
you can take more shots at the market
small losers larger winners
Bend over and assume the position for another 4 years of hope and change.
es/pip wrote:es/pip wrote: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
then you have the choice of getting in here
it carries some risk bec you didn't get in off the bottom and now have held profit below you
if i had not looked at the m1 i would have got in here
i mean
anything can happen
it could rip up 200 pips
closes against you
do nothing at all
go up a tad
who the hell knows
u just trade what you see
but if you have the discipline to get out right away when things do not go your way and are able to accept your losses
then
you can take more shots at the market
small losers larger winners
and in saying all of that above
i am up a lot of pips from the asian and euro session so i trade a lot more aggressive
i do not protect my pips i use them to hammer other traders
Bend over and assume the position for another 4 years of hope and change.
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