PA, S/R, ZL, EXTREMES & MOMO

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es/pip
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Postby es/pip » Wed Mar 23, 2011 2:02 pm

lol

out


stupid trade on that

may buy it here though
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 » Wed Mar 23, 2011 2:06 pm

missed that eu m15 short messing around with gu

long eu m15 momo m1 demand

42 targ last extreme
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es/pip
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Postby es/pip » Wed Mar 23, 2011 2:08 pm

missed gu
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adaseb
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Postby adaseb » Wed Mar 23, 2011 2:14 pm

much better price action today compared to yesterday and monday.

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es/pip
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Postby es/pip » Wed Mar 23, 2011 2:15 pm

out 35 m15 momo area down

+20
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Postby es/pip » Wed Mar 23, 2011 2:16 pm

i traded that gu so many times looking for this move and missed the actual move it is looking like
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es/pip
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Postby es/pip » Wed Mar 23, 2011 2:21 pm

adaseb wrote:much better price action today compared to yesterday and monday.


yeah when it is like this it is a lot less stressful----- as far as scalping goes


pretty sure i am done

killed it
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paweldobkowski
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Postby paweldobkowski » Wed Mar 23, 2011 4:55 pm

Hi guys. Good to see You all :)

Today was a good day! Mainly because price action was easy to read.

I wasnt posting because I realised that Im not able to focus on trading and posting at the same time. Also it brings in some kind of pressure and that's the last thing that I want to feel while trading.

Anyway! I was thinking if anyone ever tried to place sell and buy orders simultaneously and after trade proves to be right (reacts to S/R area) You just close one side?

Sounds like a good idea - in theory ;)

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Postby newscalper » Wed Mar 23, 2011 5:56 pm

So what's the difference to just being flat and opening a trade when it goes in the 'right' direction. Apart from paying 2 lots of spread/fees? :shock:

paweldobkowski
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Postby paweldobkowski » Wed Mar 23, 2011 7:29 pm

What do You mean whats the difference?

You can blindly "bet" on the S/R area/line and when price reacts You can close one of the orders and go with "the flow". If You are wrong You can just close both orders and only pay spreads/fees. It's a huge difference.

It's not worth doing on small TF's but when You think about H1 or more there is plenty of time to close one order and let the other run when You see the rejection (price fails to close over Your line).

IN FACT instead of yapping CHALLENGE ACCEPTED newscalper ; D Beggining from tomorrow I'll try to test that thing. Might change my mind because Im still thinking if it makes sense but now I'm pretty sure it does ; )

EDIT: Differences to be specific:
- Losing less in case of being wrong
- Less stress of getting into the trade. Actually no stress because of an option of getting out ALMOST untouched

EDIT2: Keeping in mind Im a "newbie" or as gamers would say "fckn noob" I often find myself in situation where I look so hard for a good entry that I end up not taking the trade at all. That should do the trick.

Eventually I'll end up zeroing my account paying commisions. The worst case scenario is that my broker falls in love with me.

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