Alright the market has moved like I want I will now move to break even...if the market is not strong enought to hit my target now it simply means it was not a perfect setup. I only trade for those...
Psych Levels, Pivots, and Trendlines - Resurrected
- #2,362
- Apr 15, 2009 11:58pm Apr 15, 2009 11:58pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I have now taken 90 percent of the board....
- #2,363
- Apr 16, 2009 12:01am Apr 16, 2009 12:01am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I have now moved my stop loss in the last remainders 10 percent to the previous candles high
- #2,364
- Apr 16, 2009 12:10am Apr 16, 2009 12:10am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Have moved my stop to the current candle high...I am willing to get cought in a wipsaw since we are now impacting major support...
- #2,365
- Apr 16, 2009 12:14am Apr 16, 2009 12:14am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Have moved my stop to the current candle high...I am willing to get cought in a wipsaw since we are now impacting major support...
- #2,366
- Apr 16, 2009 12:17am Apr 16, 2009 12:17am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Alright stop got hit ...
Total growth R x 1.06
Total growth R x 1.06
- #2,370
- Apr 16, 2009 1:02am Apr 16, 2009 1:02am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Shermenator, well done! reentered?
also 9 charts for 1 trade makes it difficult to read and follow..
Nope mate...I only look for 2 trades a week really...thats all I need to live of this...Only shoot at the market when the probabilty is as high as you define high. You actually made me count the charts I posted haha
- #2,371
- Apr 16, 2009 1:20am Apr 16, 2009 1:20am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
One Chart is Worth Ten Thousand Words.
- #2,373
- Apr 16, 2009 1:25am Apr 16, 2009 1:25am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
.. as EV says for starters we have today..
the fibo has been drawn from 12990 to 13200
and the trendline... nearly perfect setup for entrance..
but what got me scared to exit?
One Chart is Worth Ten Thousand Words.
- #2,374
- Apr 16, 2009 1:26am Apr 16, 2009 1:26am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
One Chart is Worth Ten Thousand Words.
- #2,376
- Apr 16, 2009 2:23am Apr 16, 2009 2:23am
Coaster, great trade. As for the exits, you should never have any regrets - you had yoru reasons (which were very much valid for you) when you made that decision. Hindsight is always 20/20. You exited at the hammer right above xx00 level - nothing wrong with that at all.
After all, all answers u need r in yr pocket - the money u made (or not)..
- #2,377
- Apr 16, 2009 2:25am Apr 16, 2009 2:25am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
The box is just the area i Consider gettin in the postion mate
) [Something similar to setting SL above PB (as per J16)]
One Chart is Worth Ten Thousand Words.
- #2,378
- Apr 16, 2009 2:29am Apr 16, 2009 2:29am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
That's what I meant: if you were getting in at that area, than you'd expect the price to move down from it, hence SL above the area would make sense (to me
[Something similar to setting SL above PB (as per J16)]
- #2,379
- Apr 16, 2009 3:18am Apr 16, 2009 3:18am
Not to me mate...I never place my stop in the places everyone else does. If you do your going to get your stopped out. The market is always looking to create liquidity. Every trade is different, many times I do stop hunting myself. Every trade is different depending on the market structure as well as if the market is a bargain or not.
- #2,380
- Apr 16, 2009 3:58am Apr 16, 2009 3:58am
I literally ambushed this deal for a couple of hours..
Cable is crazy indeed.. Couldn't wait the candle to close and once it hesitated and became green, jumped out....
EV, it's yr school, Haramis are what u r really good at
give me a lesson of patience in fast moving mkts pls
Cable is crazy indeed.. Couldn't wait the candle to close and once it hesitated and became green, jumped out....
EV, it's yr school, Haramis are what u r really good at
give me a lesson of patience in fast moving mkts pls
