PA, S/R, ZL, EXTREMES & MOMO

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es/pip
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Postby es/pip » Fri Mar 25, 2011 3:40 pm

newscalper wrote:
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?


its hard to explain

i dont do anything the same any of the time

i dont have any set rule about anything

i dont let things close against me i just get out if i do not like it

like, lets say i have a m5 momo i short, i am looking for +20 into the s/r target. It goes down 5 or 6 and starts to pullback in, i am looking at the m1 and how they are forming and where the supply/demand s/r is on the m1. if i have a momo or s/d that it is coming back into i let it spike into it first and if it doesnt roll i just close it or pull stop in above a bars high.

if it does go and say my tp is 20 and it goes 10, i am watching how it went that 10. did it come into any s/d and how did the bars form on the way if it didnt make any new s/r or momo i will prob just bail when it stalls. where is it stalling? if it is into an extreme i will just take my +8 9 10 6 5 4 or whatever. if it creates s/r s/d or momo i will use that to maybe hold it against the pullback

i really cant explain it, it is just different every single time

maybe AJ can explain it as he seems to do the same thing
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es/pip
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Postby es/pip » Fri Mar 25, 2011 3:47 pm

havent taken anymore trades

easily could have pulled another 30-50 though


cant look at it anymore or i will start trading again



will post all the charts later
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es/pip
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Postby es/pip » Fri Mar 25, 2011 4:18 pm

i did take that h1 momo and failed m5

i had to

also had it right into m5 supply

it was too nice


closed it back into the h1 up

will post this chart


have to upload all the other ones still
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Postby es/pip » Fri Mar 25, 2011 4:22 pm

Image

Image
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Postby paweldobkowski » Fri Mar 25, 2011 4:23 pm

I hope You guys dont mind me asking. Question especially for ES and AJ. But feel free to answer if You got any idea : )

I almost every time find myself in situation where I BUY/SELL and the trade goes few pips "behind" me. It's normal since I don't know how to pin point entries. Sometimes it works and it turns and goes for +5, 10, 15 etc. but sometimes while waiting for it to turn from -2, -3, -4 etc. it just goes further and I have to close it for like -8 or it just hits my stop for -10.

How do You guys manage the trades to achive such small loses like ES for like -1 or -3. In other words: Pin pointed entries or any other criteria which forces You to close the trade?

Sorry for my english.

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Postby es/pip » Fri Mar 25, 2011 4:25 pm

out a tad early on that

lol

if we get down to 84-73 ---- h1 demand

may buy that area

even though i am done for the week
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Postby es/pip » Fri Mar 25, 2011 4:28 pm

paweldobkowski wrote:I hope You guys dont mind me asking. Question especially for ES and AJ. But feel free to answer if You got any idea : )

I almost every time find myself in situation where I BUY/SELL and the trade goes few pips "behind" me. It's normal since I don't know how to pin point entries. Sometimes it works and it turns and goes for +5, 10, 15 etc. but sometimes while waiting for it to turn from -2, -3, -4 etc. it just goes further and I have to close it for like -8 or it just hits my stop for -10.

How do You guys manage the trades to achive such small loses like ES for like -1 or -3. In other words: Pin pointed entries or any other criteria which forces You to close the trade?

Sorry for my english.



i cant answer that bec i dont know i am going to get in until i do , bec it is different every time

i am not even sure, it is just reading the PA and how it moves into your areas

maybe some feel to it

not sure
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Postby newscalper » Fri Mar 25, 2011 4:32 pm

Closed EU +70
Image

Image

Have a good weekend everybody

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es/pip
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Postby es/pip » Fri Mar 25, 2011 4:35 pm

shoulder here at 70

long 73

97 targ
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Postby es/pip » Fri Mar 25, 2011 4:36 pm

stop 72 now
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