PA, S/R, ZL, EXTREMES & MOMO

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ajaymein
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Postby ajaymein » Fri Mar 25, 2011 11:55 am

now moved stop to +2 right on top of this new M5 momo

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ajaymein
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Postby ajaymein » Fri Mar 25, 2011 11:56 am

screw it I took +9

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Postby ajaymein » Fri Mar 25, 2011 12:00 pm

probably a horrible trade but went long off M5 momo...could have gotten another 3-4 pips after I closed last trade straight to my TP

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es/pip
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Postby es/pip » Fri Mar 25, 2011 12:01 pm

i got in a little later ---- off that m5 increase

i already bailed with +6 though

into that demand on m5

may shoot right through, but i am just chipping away at it today for 50-70ish so far i think in that area somewhere

8)

-----------------

gu

last m15 momo held, now we have a new m15 momo

may provide support for a move up from here

still holding it
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Fri Mar 25, 2011 12:03 pm

moved stop in below last swing

should have just traded the fckr like i normally do
Bend over and assume the position for another 4 years of hope and change.

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ajaymein
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Postby ajaymein » Fri Mar 25, 2011 12:05 pm

Those two hourly PB against me look too perfect...got max loss of -4 on this trade...if it doesn't get hit I may look to TP at 4200 best case scenario at hourly supply/ZL/momo area from...

Price went to .1 pips away from my SL and retraced a pip or two lol...probably gonna get knocked out

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newscalper
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Postby newscalper » Fri Mar 25, 2011 12:07 pm

One thing that's been bugging me - why are a lot of people moving stops to break even when they are trading a method which is predicated on taking out stops which have been moved to break even?

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Postby ajaymein » Fri Mar 25, 2011 12:09 pm

out of that -4

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Postby newscalper » Fri Mar 25, 2011 12:10 pm

Soon be up 30 pips again on EU, been here before but I want more. Oink oink oink.

Is it going to break support this time or come back again?

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Postby es/pip » Fri Mar 25, 2011 12:11 pm

newscalper wrote:One thing that's been bugging me - why are a lot of people moving stops to break even when they are trading a method which is predicated on taking out stops which have been moved to break even?


i move stops to be ( when scalping) when i am close to my entry and the PA is not agreeing with what i am doing/thinking---- or below piviots which happen to be close to my entries at -1 or -2

i do not move stops to be after a trade goes my way ---- i take the profit



there is a difference
Bend over and assume the position for another 4 years of hope and change.

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