another scratched trade that ended up following through, I must get at least 5 of these a day, really need to work on that...
- #403,502
- Mar 9, 2011 12:03pm Mar 9, 2011 12:03pm
- Joined Apr 2010 | Status: Trader | 13,228 Posts
of course I'm only saying that cause I'm not on board lol...
- #403,503
- Mar 9, 2011 12:03pm Mar 9, 2011 12:03pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
She's trying to coil North.
lol then u are given the blue thing to eur
- #403,505
- Mar 9, 2011 12:06pm Mar 9, 2011 12:06pm
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
those who can, do. those who cant, talk about those who can
- #403,508
- Mar 9, 2011 12:09pm Mar 9, 2011 12:09pm
- Joined Dec 2010 | Status: Trader | 1,021 Posts
...damn .....
whack setup .... confused!!!!
closed all long + 8 PIPS
coulda make way more ....
closed too soon again like always
whack setup .... confused!!!!
closed all long + 8 PIPS
coulda make way more ....
closed too soon again like always
- #403,510
- Mar 9, 2011 12:12pm Mar 9, 2011 12:12pm
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
those who can, do. those who cant, talk about those who can
- #403,517
- Mar 9, 2011 12:20pm Mar 9, 2011 12:20pm
That's a better stop, nothing wrong with your trade yet, entry was poor, you ignored the 50 retrace failure after the top fade and you were not paying attention to the 20 pip runs.
Decent thinking, poor timing; you need to speed up your decision making process a bit.
here's to hoping me gets my head around things quicker than I can deplete my risk funds.
Will put your comments to considerable thought.
cheers
- #403,518
- Mar 9, 2011 12:22pm Mar 9, 2011 12:22pm
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
those who can, do. those who cant, talk about those who can
- #403,520
- Mar 9, 2011 12:24pm Mar 9, 2011 12:24pm
- Joined Oct 2009 | Status: Trader | 15,211 Posts
here's to hoping me gets my head around things quicker than I can deplete my risk funds.
Will put your comments to considerable thought.
cheers
London is closed, the first 50 retrace (keep in mind that it is not a fib level and you should see it seperately) failed, it faded the top and failed and failed the second attempt at retrace, at which point you entered on the fakeoout, you should have sat back to see if the failure of the retrace would lead to another top fade (as I stated in my earlier warning to you "watch the bounce"). A failed top will be alot better entry, the trigger to the top will be the DP, as London is closed Pivot play comes increasingly more important until it peaks at the Asia session where Pivot play is the major trigger for moves. So if the DP holds on the failure of the retrace, then that becomes your signal for a short entry with stops just above 3927. Right now we are in no mans land and are forming a range, from the 50 retrace to the top, identify a pattern that forms here and trade the breakout, let price compress and accumulate and then just watch another fake 'n shake and trade the confirmed move of whatever forms here.