PA, S/R, ZL, EXTREMES & MOMO

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es/pip
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Postby es/pip » Mon Feb 14, 2011 3:20 am

pablo101 wrote:Is it me or is there too much being protein being consumed lately? :roll:

PRO, I understand what you're saying about ES's charts, but I believe this is better for newbies as it forces them to think/ask questions, something MO has been trying to get us to do with his deliberate cryptography. It maybe harmful to newb learning process the way you suggest as you're giving them a bias and not promoting trading independance.

ES, if it wasn't for your charts (and many other dedicated kreslik posters) and the way you presented them, I still be flying round like a blue ass fly hovering around crap all day :roll: Anyway thank you for all your past posts :D

I'm in on the GU like yours but looks like I got a better price :smt002

[img][img]http://img38.imageshack.us/img38/4181/gu1hr.gif[/img] Uploaded with ImageShack.us[/img]

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nice one

u still in?

seems i got out a little too soon :oops: lol
Bend over and assume the position for another 4 years of hope and change.

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pablo101
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Postby pablo101 » Mon Feb 14, 2011 4:53 am

Out at 6066, first reversal renko in a series, 5 min CC is flat so just get out with profit. I risked 15 pips to get 66 pips, not bad for Monday and horizontal lines :D

karol
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Postby karol » Mon Feb 14, 2011 8:46 am

1h
Image

5min
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Closed out after first huge red candle, which missed the original TP by a few pips.


BTW keep it the way it is es/pip (I mean: intellectually stimulating)! And thanks once again for sharing..

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scratty
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Postby scratty » Mon Feb 14, 2011 9:03 am

Wow. Nice move. Got ~25% out of it exiting @ ~1.3475

karol wrote:1h
Image

5min
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Closed out after first huge red candle, which missed the original TP by a few pips.


BTW keep it the way it is es/pip (I mean: intellectually stimulating)! And thanks once again for sharing..
Lose professionally!

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Jalarupa
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Postby Jalarupa » Mon Feb 14, 2011 9:29 am

Image
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

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es/pip
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Postby es/pip » Mon Feb 14, 2011 1:09 pm

nice trades

thats what i get for sleeping

missed all that action


had an open offer on the GU to short at .6083

with a 10-1 RR

missed it by 6 pips on the fill

lol
Bend over and assume the position for another 4 years of hope and change.

karol
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Postby karol » Mon Feb 14, 2011 1:27 pm

Got my ass spanked this time.

First I entered short, as situation looked bearish (especially on 15min), but candle breaking up (one before my long entry) got me change position to long. Not sure why I haven't noticed that the resistance is obviously holding - now seems so clear when I look at it...

Result: -28

Image

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es/pip
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Postby es/pip » Mon Feb 14, 2011 1:36 pm

karol wrote:Got my ass spanked this time.

First I entered short, as situation looked bearish (especially on 15min), but candle breaking up (one before my long entry) got me change position to long. Not sure why I haven't noticed that the resistance is obviously holding - now seems so clear when I look at it...

Result: -28

Image


yeah that was right back into res.

both those two momo down m15 bars provided good shorts

its easy to look too much inside and lose track of what is really happening on the larger time frames

the m5 can change your mind if you focus on it too much------- just trading the m5 i can see being long there( not looking at anything else), but when they pushed that high and closed below it--- have to at least pull stop in if not just get out all together

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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 » Mon Feb 14, 2011 3:42 pm

traded that 2nd m15 momo short in the pic above

the orange lines are r turns s on the daily ( 1st pic)

on the m5 you can see the first move out of the daily support tested the m5 res.--- so it cleared out those sellers for the next move up


then if it holds it is just a matter of trading PA back into the next res. area ( upper orange line) for + 42
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GU

h1 extreme doesnt hold----- trade PA back to res.--- which in this case was the left shoulder

took two losers on the GU trying to get in that trade -6 and -5 then + 45

then trade short off that shoulder based on the m5 entry( momo) back to support ( the break out or ZL ) for +25

done for the day

Image
Bend over and assume the position for another 4 years of hope and change.

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Postby karol » Mon Feb 14, 2011 3:57 pm

This is how I traded it es (my target was also around 97):


Image



Need to pay more attention to higher TF next time and should be better..

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