So far I got only 2 pips. hope it will get better.
Attached Image (click to enlarge)
Intraday price action trend trading
I took the trade a little later for my taste.
But there is a good reaction at my entry aera but not enough to reach my TP1.
I took my loss
http://img848.imageshack.us/img848/4...1211eurusd.gif
- #8,944
- Dec 6, 2011 6:45am Dec 6, 2011 6:45am
Congratulation bouba, same trade but smaller loss
Hey i take a loss too !!!
The aera was great, but the green momentum is very strong.
I don't have trail my stop at BE soon, i saw this aera so strong, and my ego was too big. market is stronger than you Bouba
I had a very poor trade management: i was up 16 pips and i took a loss. Very not good, but great lesson: With a such green momentum i must trail my stop earlier and even bank some pips very early as i do often
I hear and I forget. I see and I remember. I do and I understand.
- #8,949
- Dec 6, 2011 7:14am Dec 6, 2011 7:14am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Charts
- #8,951
- Dec 6, 2011 7:23am Dec 6, 2011 7:23am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Hey City
, lucky I get out immediately right before the down trend line, the bottom support is broken with $5 down!!, $5 means a lot compared to forex!!
So I have to do it quick, hehe
- #8,952
- Dec 6, 2011 7:25am Dec 6, 2011 7:25am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Hey City
- #8,953
- Dec 6, 2011 7:35am Dec 6, 2011 7:35am
You trade well too on "plan the trade then trade what you planned"
But you let the master my friend
I hear and I forget. I see and I remember. I do and I understand.
- #8,956
- Dec 6, 2011 8:57am Dec 6, 2011 8:57am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Today insidebar trade NZD/USD
Stopped out, but i think it should have been BE.
I think a have to work a little bit more on the basics about "supply- and demandlevel" and the difference between "support and resistance"
Do anyone know a good education link?
Sho did tell us the most basic principle not to go short when we see this momentum change. My understand on Sho's play.
- #8,958
- Dec 6, 2011 9:13am Dec 6, 2011 9:13am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
A second scalp
one half at TP1
The second half at TP2
, even scalping trades 
- #8,960
- Dec 6, 2011 9:17am Dec 6, 2011 9:17am
Good demand level to go CT trade
I hear and I forget. I see and I remember. I do and I understand.