one other thing in favour of longs here is 38.2% retrace of the up move from the budget speech low
Trade what you see NOT what you expect
ive placed a sl at the low of this H1, at worst i lose 8 pips right now
good call, just wanted to let ya know in case...getting burnt on a good trade from data is the worst...
on a sidenote to all and of course EO: ive been reading through the PDF and incorporating things into my trading style and trying to learn the ins and outs of the style, its killer and has stepped my game big time...your the man and the PDF you put together is ridiculously sweet
- #9,844
- Apr 24, 2009 2:59am Apr 24, 2009 2:59am
- | Joined Jan 2008 | Status: Pipping along | 907 Posts
good call, just wanted to let ya know in case...getting burnt on a good trade from data is the worst...
on a sidenote to all and of course EO: ive been reading through the PDF and incorporating things into my trading style and trying to learn the ins and outs of the style, its killer and has stepped my game big time...your the man and the PDF you put together is ridiculously sweet
think that might be my lot though
- #9,848
- Edited 3:22am Apr 24, 2009 3:18am | Edited 3:22am
- | Joined Jan 2008 | Status: Pipping along | 907 Posts
yup no problem ezodisy, us retailers have to stick together
benscoobert that trade was executed perfect, hopefully well get better then expected results this morning and you get a nice run out of her
my feeling on these 62 bounces is, pull the trigger like eo says, as soon as you are 4 or 5 pips up, move your sl to 1 pip profit, then close half your trade when you get half the way back up the bar which ran to the 62, secure in some more profit, then see where the other half goes
EDIT: furthermore, a mistake i feel i made there also, i was waiting for the 62 price of 4612, but i pulled the trigger when the sell price hit it, so i got 4615, simple mistake looking at the wrong numbers but it would have made the difference between 1 pip and riding this 50 or more pips
im gonna remember that for these 62ema h1 bounces, ive got a lot of studying to do this weekend. thanks for the explanation on the trade
dang, thats alright though find another seat, but hey couldve been -1, should be plenty more good entries offered up today
dang, thats alright though find another seat, but hey couldve been -1, should be plenty more good entries offered up today
- #9,852
- Apr 24, 2009 3:31am Apr 24, 2009 3:31am
- | Joined Jan 2008 | Status: Pipping along | 907 Posts
im gonna remember that for these 62ema h1 bounces, ive got a lot of studying to do this weekend. thanks for the explanation on the trade
dang, thats alright though find another seat, but hey couldve been -1, should be plenty more good entries offered up today
have a good one BenS
all is good on the battelfied ATM will see what happens, im flat right now but been a trading like a machine the past 6 hours or so and im getting
its 5 AM where i am so ive got a while before im out partying haha
all is good on the battelfied ATM will see what happens, im flat right now but been a trading like a machine the past 6 hours or so and im getting
its 5 AM where i am so ive got a while before im out partying haha