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Trading Major Lines

  • #481
  • Mar 24, 2011 8:52am Mar 24, 2011 8:52am
one more try.
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  • #482
  • Mar 24, 2011 8:55am Mar 24, 2011 8:55am
Took long entry. Hopefully my patience will pay off!

Edit: Good to know I'm taking the same setups...once again, thanks for your help Nomask!
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Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #483
  • Mar 24, 2011 9:03am Mar 24, 2011 9:03am
Quoting zusch
Took long entry. Hopefully my patience will pay off!

Edit: Good to know I'm taking the same setups...once again, thanks for your help Nomask!
good to know there is more buys
your patience will pay you off sooner or later..
If its not now it will be another time eventually.
Its just a matter of time.
  • #484
  • Mar 24, 2011 9:09am Mar 24, 2011 9:09am
slowed down...
here is an update..set my visual stop
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  • #485
  • Mar 24, 2011 9:12am Mar 24, 2011 9:12am
Quoting nomask
one more try.
My position also died at BE. And when I open my platform. The price already goes up quiet high.

I'm not sure whether the options in my mind is now is feasible or not. They are:

1. To wait for the price retrace to 23.6% or 38.2% and look for P.A to enter again?

2. To wait for the price to break through 0% only enter again?

What is your thought nomask?

Thanks.
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  • #486
  • Mar 24, 2011 9:25am Mar 24, 2011 9:25am
Quoting liangko
My position also died at BE. And when I open my platform. The price already goes up quiet high.

I'm not sure whether the options in my mind is now is feasible or not. They are:

1. To wait for the price retrace to 23.6% or 38.2% and look for P.A to enter again?

2. To wait for the price to break through 0% only enter again?

What is your thought nomask?

Thanks.
I'll tell you what I've done (not claiming I'm %100 correct.its just my way of trade management)
I closed my position with -0.5 pips loss as it moved back to my entry.
Why?Because I gave the market enough chance to prove itself.
I made three entries at good locations but not played well.
If it doesn't know where to go then I'm not riding with it.
Its that simple.And I don't really care if it shoots up 100 pips now.
I did my job good.
  • #487
  • Mar 24, 2011 9:29am Mar 24, 2011 9:29am
Quoting nomask
I'll tell you what I've done (not claiming I'm %100 correct.its just my way of trade management)
I closed my position with -0.5 pips loss as it moved back to my entry.
Why?Because I gave the market enough chance to prove itself.
I made three entries at good location but not played well.
If it doesn't know where to go then I'm not riding with it.
Its that simple.And I don't really care if it shoots up 100 pips now.
I did my job good.
just visualizing my latest post..
  • #488
  • Mar 24, 2011 9:31am Mar 24, 2011 9:31am
I'm long at nearly same price as you no mask. Up almost 20 pips. Moving to BE. Thanks for a great method of trading!
  • #489
  • Mar 24, 2011 9:32am Mar 24, 2011 9:32am
Quoting nomask
I'll tell you what I've done (not claiming I'm %100 correct.its just my way of trade management)
I closed my position with -0.5 pips loss as it moved back to my entry.
Why?Because I gave the market enough chance to prove itself.
I made three entries at good locations but not played well.
If it doesn't know where to go then I'm not riding with it.
Its that simple.And I don't really care if it shoots up 100 pips now.
I did my job good.
man I love how this pair just playing right after I talk
not hundred pips though
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  • #490
  • Mar 24, 2011 9:36am Mar 24, 2011 9:36am
I managed to hold my position. I was waiting for a close below 4118 with hard stop at 4105. Now time to sit back and let my position grow.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #491
  • Mar 24, 2011 9:37am Mar 24, 2011 9:37am
Quoting nomask
man I love how this pair just playing right after I talk
not hundred pips though

Funny thing once I moved to breakeven I was going to post the same chart. Full confirmation will be the open above 800 MA. Lets see what happens. also breakeven in this biz will keep you in it so if someone breaks even WHO CARES. The goal is to not lose money to fight another day. I am okay with breakeven until the market really moves in my favor. My other chart shows I have been in a position since last week
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Empower Your Mind
  • #492
  • Mar 24, 2011 9:40am Mar 24, 2011 9:40am
Quoting zusch
I managed to hold my position. I was waiting for a close below 4118 with hard stop at 4105. Now time to sit back and let my position grow.

exactly.Let the market do its job..

Quoting vqtrader
Funny thing once I moved to breakeven I was going to post the same chart. Full confirmation will be the open above 800 MA. Lets see what happens.
you guys go ahead without me..
Today it just didn't want to pay me off.
  • #493
  • Mar 24, 2011 9:40am Mar 24, 2011 9:40am
Just to share with you guys.

I entered after it bounced off from 23.6% fib level.

Update as follows:
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  • #494
  • Mar 24, 2011 9:44am Mar 24, 2011 9:44am
Quoting liangko
Just to share with you guys.

I entered after it bounced off from 23.6% fib level.

Update as follows:
congratz.
although I don't use that fib level...

"don't hesitate do participate"
  • #495
  • Mar 24, 2011 9:46am Mar 24, 2011 9:46am
Here is the chart
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Empower Your Mind
  • #496
  • Mar 24, 2011 9:48am Mar 24, 2011 9:48am
I played the break of the double top and got in at 1.4151. So far so good!
Luck occurs when preparation meets with opportunity.
  • #497
  • Mar 24, 2011 9:48am Mar 24, 2011 9:48am
Quoting vqtrader
Here is the chart
I bet it looks even better than this if you look at your entries on the weekly chart
  • #498
  • Mar 24, 2011 10:00am Mar 24, 2011 10:00am
It took me all morning to get this entry and there might be another coming on the next bull candle of the 4hr, (in about 63mins)but I don't any more time left. So good luck guys/gals. I am done for a few hours have to go out of town for a few hours. We have visitors from Michigan(lost against duke) dam. ha ha. Happy Pippin' Folks
Empower Your Mind
  • #499
  • Mar 24, 2011 10:05am Mar 24, 2011 10:05am
this chart goes to who ever successfully entered long on eu...
you passed the first level and managed to build a position.
now its time to manage your trade.
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  • #500
  • Mar 24, 2011 10:11am Mar 24, 2011 10:11am
Quoting nomask
one more try.
This is right on. been watching, been waiting for your chart.

Beauty
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