PA, S/R, ZL, EXTREMES & MOMO

paweldobkowski · Post by **paweldobkowski** » Tue May 29, 2012 3:45 pm

I suck at long term trading but in my opinion it's not a right time yet.

so more shorting on the short term side now :wink:

scratty · Post by **scratty** » Tue May 29, 2012 3:50 pm

i think the whole spain thing doesn't effect the eu much and a lot of emotions are priced in. i see a retracement up coming... not really shure when... just waiting for the right moment (timing) on the short-term-timeframes.

...i don't trade long term eighter but always consider higher tf ;-)

!

paweldobkowski · Post by **paweldobkowski** » Tue May 29, 2012 3:50 pm

paweldobkowski wrote:I suck at long term trading but in my opinion it's not a right time yet.

so more shorting on the short term side now

and im done for today

FCKN KILLED IT

scratty · Post by **scratty** » Tue May 29, 2012 3:53 pm

congrats, nice move...

paweldobkowski · Post by **paweldobkowski** » Tue May 29, 2012 3:58 pm

scratty wrote:i think the whole spain thing doesn't effect the eu much and a lot of emotions are priced in. i see a retracement up coming... not really shure when... just waiting for the right moment (timing) on the short-term-timeframes.

...i don't trade long term eighter but always consider higher tf !

You're right, i think EU is going where it should be. News are making shakeouts from time to time but more or less they are irrelevant for the long term goals.

I was pretty sure about the last week's bias but this week I don't have a clue if we're going to turn or make new lows.

scratty · Post by **scratty** » Tue May 29, 2012 4:02 pm

Meeting some nice turning points from the past monthly ;-)

paweldobkowski · Post by **paweldobkowski** » Tue May 29, 2012 4:02 pm

and im also taking bigger frames into consideration.

sometimes it's possible to take trades on daily or weekly levels but there is a lot of price reading involved in the process.

Bigger the frame -> slower the reaction is.

paweldobkowski · Post by **paweldobkowski** » Tue May 29, 2012 4:08 pm

scratty wrote:Meeting some nice turning points from the past monthly

Yes

but this also seems to be performing well thus far

paweldobkowski · Post by **paweldobkowski** » Wed May 30, 2012 12:51 pm

I wasn't able to trade today so yesterday I was looking for a short to utilize that evening momentum. Got two small losers before this one

After it went 10p my way I put my SL @ entry price and went to sleep. Turned out to be a good day.

paweldobkowski · Post by **paweldobkowski** » Wed May 30, 2012 1:28 pm

SCRATTY WHERE YOU AT!?

http://www.youtube.com/watch?v=i1zuN17t51A

:wink: