thanks isty it does seem there is downward pressure. sometimes 7am sees some reversal in price so i will hold for a little but if signs still point south ill kill it for the loss.
Trade what you see NOT what you expect
- #21,642
- Aug 7, 2009 5:12am Aug 7, 2009 5:12am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #21,645
- Aug 7, 2009 6:21am Aug 7, 2009 6:21am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
good morning guys.
i woke up to my zinger trade being negative im long gu and as of now -57what do i do? kill it or wait for a retrace? unfortunatly i need to work today so i can't even be around for nfp but i can keep an eye on hourlys. any ideas?
thanks john
Good morning John... Sorry to hear aoiut your Zinger trade.. Not sure what happened there.. But this was mine.. The enter according to Eo was suppose to be around 1.5670.. The 5:15 and 5:30 candles (Eastern Time) Provided the entry test of range and failed.. It then went up over 40 pips.. Plenty of oppurtonity to take some Profit and cover the rest.. That is key using these setups ...
I can't advise you about your current trade NFP can cause anything .. Also We might get a tiny inverted hangman on the 4hr 40 min away...
By the way was stopped out on my E/J long but all good was covered..
Everyone trade well... Ken
Good Trading To All ; Ken Lee
- #21,648
- Aug 7, 2009 6:57am Aug 7, 2009 6:57am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
[quote=Isty;2938486]Good morning Ken,
You are right, very important to take partial profit as we said before, otherwise we can finish the day with empty hands...Anyway i thought you are profitable already, but you write in a post you are not yet...That made me a little disappointed, because in my Eyes you are already a good trader and using all the rules and discipline..So what could i expect from myself then???Maybe in 10 years???
just one question... What is your weakness which keeps you still not profitable?[/quote]
Stupidity..
I have been basiclly a scalper to the extent I would take 5 to 10 pips or so. Can actually build up like that ,,BUT then I will let a loss move to far against me.. That is why I think Covering is one of the best Ideas here it can help you take more profit and better yet cover your butt from large losses. I have a great under standing of the setups here. Now just the to get as good at the execution..
But we will all amke the journey together and be successfull with it..
You are right, very important to take partial profit as we said before, otherwise we can finish the day with empty hands...Anyway i thought you are profitable already, but you write in a post you are not yet...That made me a little disappointed, because in my Eyes you are already a good trader and using all the rules and discipline..So what could i expect from myself then???Maybe in 10 years???
just one question... What is your weakness which keeps you still not profitable?[/quote]
Stupidity..
I have been basiclly a scalper to the extent I would take 5 to 10 pips or so. Can actually build up like that ,,BUT then I will let a loss move to far against me.. That is why I think Covering is one of the best Ideas here it can help you take more profit and better yet cover your butt from large losses. I have a great under standing of the setups here. Now just the to get as good at the execution..But we will all amke the journey together and be successfull with it..
Good Trading To All ; Ken Lee
- #21,650
- Aug 7, 2009 7:08am Aug 7, 2009 7:08am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #21,651
- Aug 7, 2009 7:09am Aug 7, 2009 7:09am
- | Joined Jul 2008 | Status: Trader | 1,010 Posts
Good NFP Friday morning!
Anybody want to play "pick an number"......going with -410 here!
Anybody want to play "pick an number"......going with -410 here!
- #21,652
- Edited 7:22am Aug 7, 2009 7:09am | Edited 7:22am
Hey bro! I do have a cpl of posts myself that I believe should be included on the pdf. I'll get them pulled and sent to you.
On second thought, no thanks - you can keep your pins and hammers for 10 pips ideas to yourself..
- #21,653
- Aug 7, 2009 7:23am Aug 7, 2009 7:23am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Good Trading To All ; Ken Lee
- #21,654
- Aug 7, 2009 7:24am Aug 7, 2009 7:24am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
EO - If you can just PM me the post numbers, I can grab them without any problem.
On second thought, no thanks - you can keep your pins and hammers for 10 pips ideas to yourself..
Just digging in the trenches like everyone else!
- #21,656
- Aug 7, 2009 7:44am Aug 7, 2009 7:44am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
that was beautiful. Anyone sell the 4h 10?
Nope...
...the 1H 62 with a 25 pip trailing stop.....
Ghost Rider - WWTBMD?
- #21,657
- Aug 7, 2009 7:53am Aug 7, 2009 7:53am
- | Joined Mar 2009 | Status: Trader | 2,768 Posts
Nope...
Took profit on my longs there.
My longs on the Mistress from 136.62 have been very good to me.
- #21,658
- Aug 7, 2009 7:59am Aug 7, 2009 7:59am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Nice trade!
Took profit on my longs there.
My longs on the Mistress from 136.62 have been very good to me.
I turned my trailer off at +50 in. Didn't quite get the top but in at 6820, locked now at 6770......wait......LOL.....just taken out.
Now I think it will settle in about where it started and get boring again...LOL
Ghost Rider - WWTBMD?
- #21,659
- Aug 7, 2009 8:01am Aug 7, 2009 8:01am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Great Trades everyone....
Good Trading To All ; Ken Lee