PA, S/R, ZL, EXTREMES & MOMO

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es/pip
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Postby es/pip » Fri Mar 25, 2011 12:15 pm

bought the lower area on eu m5 demand

65 tp
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 Mar 25, 2011 12:16 pm

lol

-2

fckers
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ajaymein
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Postby ajaymein » Fri Mar 25, 2011 12:16 pm

bought the euj right when it hit 50 and took a quick +10

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es/pip
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Postby es/pip » Fri Mar 25, 2011 12:18 pm

long the dbl bottom and out with 8
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newscalper
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Postby newscalper » Fri Mar 25, 2011 12:25 pm

es/pip wrote:
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


I see. So for example, if you're managing the trade on 5 min and you're up a few pips but a 5 min bar closes against you (but you're still up a couple of pips), you move the stop to b/e?

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paweldobkowski
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Postby paweldobkowski » Fri Mar 25, 2011 12:26 pm

EU

My first "set and go" trade just payed off. Entry and target based on M15

Shorted @ 1.4174
TP @ 1.4147

+27 while I was eating chicken wings in KFC

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ajaymein
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Postby ajaymein » Fri Mar 25, 2011 12:27 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?


Example:

I took a short at supply and am currently +7. New momo formed that is right below my entry. Chances are, if price goes back to my entry, it will get to my initial SL. In case price jumps 20 pips in 30 seconds and is too fast for me to exit...you get the picture.

To put it simple if I don't take profit, I would rather take +0 than -1,-2,-3,-4,-5,-6...and then re-enter at a better price if I do get taken out...wouldn't you?

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es/pip
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Postby es/pip » Fri Mar 25, 2011 12:28 pm

out gu with 12

i will never talk about that trade again or reference it

ever

good thing i am killing eu or i would prob break something

hahahah

jk
-----------------------

shorted m1 bounce into m1 momo area out with 16
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 Mar 25, 2011 12:32 pm

07ish may be next on eu move down

wanted that extreme for that short but bailed with news coming

may short bounces down to it then will be looking long out of that area
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ajaymein
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Postby ajaymein » Fri Mar 25, 2011 12:32 pm

holy hell this movement is awesome...i'm taking +4 and 5 left and right

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