The Dragon

too cool!!

There's a lot more downside here but I just couldn't take anymore after that big retracement.
Plus it's starting to get busy here at work.

yup lots more downside. That 200ema on the 15 is where I had the limit.
Oh well. First trade of the week and I got the charts right... Didn;t let myself take many pips though...

next stop 200ema and pivot convergence on 1hr

Having to be at work (time-clock punching) during European open is the pits!!!!!

http://t2.gstatic.com/images?q=tbn:R...g%2520nose.jpg

Had a couple of decent trades. Nothing to write home about..
But then late morning I wanted to catch the dragon short as he headed for the pivot. The trades are not in mt4 which I use for finding setups but are placed in an account that has a page with all the pairs on it, unbelievable, I sold the wrong pair..................................................
I wanted to sell EURUSD instead I hit the wrong button and sold GBPUSD at the very bottom of its run...
By the time I figured out what had happened it was already -25 pips..
Rode it out for a while and took the loss, -25 pips. If I had kept it over Asian session it would have been +25 but I didn't want to leave a position open if I couldn't monitor it.
That's not the first time I've hit the wrong button on that trading page.
As if trading isn't difficult enough just trying to decipher the charts then there is all the technical stuff, like brokers site jamming, hitting the wrong button, power outages, time out disconnects.... Yikes...
It's the Wild West...

http://t3.gstatic.com/images?q=tbn:m.../wild_west.jpg

GBPUSD....
+20.9pips, +4.4pips, +20.4pips
but I missed the last big movement...

Tearing things up!!!!!!
Nice!!!

Could have stayed in longer,
but in the middle of changing shifts at "work"
Oh, for the day it's "bye bye.."
I don't want to put that kind of pressure on my trading right now. Still learning so much...

Eventually...

.http://t1.gstatic.com/images?q=tbn:Q...s/chi_2001.jpg
Bye Bye!!

Thanks for posting the screenshot.
Look like perfect dragon trades...

You can drag the actual trade right onto the chart. Arrows and a trend line will mark the entrance and exit.
Open "terminal", click on "account history", click on the price and drag it onto the chart.... Voila..

!!!!! Thank you very much.
I wanted to know....

Here's what I look for.
The 5m shows the macd cross and the alignment with dss that occurred a little while back.
There is a trend line and 200ema that have acted a strong resistance on the 15m.
But also in the 15m the same aligning is taking place with macd and dss..
So even if the 5m retraces a little there is no need toe exit since this is showing a move down on the 15 now... As the 15m plays out, by the same logic attention would turn to the 30m to see if the down move will carry over there, if so then follow the move there and check later on with the 1hr etc..

note: I placed a sell order at the bottom (my specialty) earlier today..
I just kept it in place anyway and didn't take a stopout. I have a few longer term (weeks) positions anyway and just added it to the others since I see EURUSD ultimately as a short for the next few months.

This is playing out perfectly.
The 15m now shows a downward trend, the 1m is retracing, and the 5m is in no man's land, could retrace or could continue down...
the shi channels are helpful here.
On the 15m the dragon has retreated from resistance at the upper shi channel/200 ema/trendline he will head for the median between the channels
when he reaches the median he will consider again should he go back up and head for the upper channel again or cross the median and head for the lower channel...
This is a very likely scenario. Reminder nothing is set in stone!!!

It appears to have a been a very brief retracement on the 1m and the downtrend may be resuming.

Something of interest to note on the 1m.
The dss went all the way into oversold but the macd did not cross up over 0.
Another hint that this a brief retracing.

Tendency is to complicate. Today I trade the 5m. No consulting different time frames.
practice session on simulator...(using 15m, 5min moves too fast on sim.)

using demo for now
1st trade

Storytime:
About complicating things:
(Old Bengali-mother story...)

The wife was complaining. Our house is too small. We need more room. The husband says I do not have so much money to make a bigger house. The wife complaining, complaining, complaining. The household was not peaceful because of the complaining.

He went to his guru, "Oh, maharaja, please help me. I have no peace. House not big enough, house too small.. All the time complaining. What can I do?"
Guru asks, "Do you have a cow?"
"Yes, we have a cow."
"Then put the cow in the house."
"In the house?"
"Yes, in the house."
At home the wife is in disbelief, "In the house?"
"Yes, guru maharaja's answer was, put the cow in the house."
So, they put the cow in the house.
What a mess. Big cow, in the house.

http://t0.gstatic.com/images?q=tbn:W...nSwissHead.jpg

The man returned to the guru, "Maharaja, it is not solving the problem.Problem is worse."
Guru asks, "Does the cow have a calf?"
"Yes, the cow has a calf."
"Then put the calf in the house too."
The wife is astounded. "The calf in the house too? Are you sure you are hearing guru maharaja properly? Maybe you are misunderstanding."
"No, he definitely said to put the calf in the house too."
It didn't take long for the man to return to the guru.
"Did that solve the problem?"
"No, no it is much worse. It is an impossible situation!"

http://t1.gstatic.com/images?q=tbn:V...w-and-calf.jpg

"Good. Now take the cow and the calf out of the house."
So when he went home and they took the cow and the calf out of the house, the wife sighed, "Oh this is wonderful, so much room now."

Busy writing story, meanwhile lots more to that move....