Something for me to always keep in mind. Thanks CW!
- #5,482
- Oct 19, 2009 10:06am Oct 19, 2009 10:06am
AUDCAD - Day #59
Trailed the stop one more time. I mentioned in the last trade update that I want to see price is rejected about 50 to 70 pips from a PPZ to see it as confirmed. It's not only the distance but three bullish bars each closed higher than the previous accompanied with a failed pinbar. The 0.9500 is definitely a support now for me. Of course this support can fail but if it fails and kicks out all the highs towards my current stop it has a meaning. The second chart explains why I would not feel comfortable by leaving the stop below the blue line where it was before. It's all about comfort not about being right.
NZDJPY
This one I closed on friday because of the bearish pinbar at 50% retrace. I could still be in but I've won the trade so nothing wrong with that. If this pinbar fails I'm probably long at a retrace to the 50%.
A chart which tells me that it's probably better to get out can a bit later tell me to get in because my exit reason failed.
Trailed the stop one more time. I mentioned in the last trade update that I want to see price is rejected about 50 to 70 pips from a PPZ to see it as confirmed. It's not only the distance but three bullish bars each closed higher than the previous accompanied with a failed pinbar. The 0.9500 is definitely a support now for me. Of course this support can fail but if it fails and kicks out all the highs towards my current stop it has a meaning. The second chart explains why I would not feel comfortable by leaving the stop below the blue line where it was before. It's all about comfort not about being right.
NZDJPY
This one I closed on friday because of the bearish pinbar at 50% retrace. I could still be in but I've won the trade so nothing wrong with that. If this pinbar fails I'm probably long at a retrace to the 50%.
A chart which tells me that it's probably better to get out can a bit later tell me to get in because my exit reason failed.
10 x 100 = 100 x 10, stefx, retired scalper.
- #5,495
- Oct 20, 2009 12:00pm Oct 20, 2009 12:00pm
AUDCAD - 60th Anniversary
Price shot right up into the sky after the recent swings high was left behind. Trailed the stop now the second time in two days and the gap between the entry and the S/L nearly needs one H4 chart height now
. The current stop is not as protective as the one before, but more comfortable for me.
AMCC - Day #3
This is my 2nd virtual stock trade. The sell stop order was placed at Sep. 19th and got trig'd 3 days ago. The next time I have to take a closer look is at the white line below the current bar.
HE - Day #Don't like to count (Opened Jul. 28th)
This trade is overall a bit indecisive but locked in 2.8%. There's not much to tell except that the 38% retracement seems strong support, thus the uptrend could still be valid but I'm not very confident about and that's why I locked the profits and left only a bit of room and not the space I normally intend to give, again the comfort thingy, you know.
Together my first two virtual stock trades are together up by 10.5% floating. I hope to continue this once with the real coin.
Have a nice one, Stefan.
Price shot right up into the sky after the recent swings high was left behind. Trailed the stop now the second time in two days and the gap between the entry and the S/L nearly needs one H4 chart height now
. The current stop is not as protective as the one before, but more comfortable for me. AMCC - Day #3
This is my 2nd virtual stock trade. The sell stop order was placed at Sep. 19th and got trig'd 3 days ago. The next time I have to take a closer look is at the white line below the current bar.
HE - Day #Don't like to count (Opened Jul. 28th)
This trade is overall a bit indecisive but locked in 2.8%. There's not much to tell except that the 38% retracement seems strong support, thus the uptrend could still be valid but I'm not very confident about and that's why I locked the profits and left only a bit of room and not the space I normally intend to give, again the comfort thingy, you know.
Together my first two virtual stock trades are together up by 10.5% floating. I hope to continue this once with the real coin.
Have a nice one, Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
- #5,496
- Oct 20, 2009 12:03pm Oct 20, 2009 12:03pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
