{quote} I had a short on GU and closed just prior to news for +15 Wasnt expecting bad news - somes you win, somes you lose
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,441
- Oct 9, 2013 4:00am Oct 9, 2013 4:00am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
- #18,443
- Oct 9, 2013 6:28am Oct 9, 2013 6:28am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Closed my EJ short trade for 24 pips. Three minutes later it cracks DP! Still not enough patience
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,445
- Oct 9, 2013 6:40am Oct 9, 2013 6:40am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Indeed it is! But when it took off right after I closed it (after waiting for 4 hours!) I looked back to see if there was someone watching!
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,447
- Oct 9, 2013 6:54am Oct 9, 2013 6:54am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
Closed my EJ short trade for 24 pips. Three minutes later it cracks DP! Still not enough patience
{quote} Think EJ will go further, HTF (except H4) supports more downside.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #18,449
- Oct 9, 2013 7:08am Oct 9, 2013 7:08am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
No Problem, Cold. Yes, I remember our exchange of pms. Just trying to keep RJ's ethos going, of giving and learning. My logic has always been, if I cant help other traders, to put trading theory into understandable words, there is probably something missing in my "trading toolbox", so I help others to help myself.
Everyone benefits when we share info and techniques.
PM1
- #18,452
- Oct 9, 2013 6:36pm Oct 9, 2013 6:36pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Very nice.......................Love those trading results RJ.........that's Genesis in full flight..................
PM1
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,454
- Oct 9, 2013 8:26pm Oct 9, 2013 8:26pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Yeah, you only need one of those a day...........everyday...........PM1
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,455
- Oct 9, 2013 9:41pm Oct 9, 2013 9:41pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
CT on top of the DP 
12 pip risk
12 pip risk
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,456
- Oct 9, 2013 9:45pm Oct 9, 2013 9:45pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,457
- Oct 9, 2013 10:05pm Oct 9, 2013 10:05pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,459
- Oct 9, 2013 11:52pm Oct 9, 2013 11:52pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} I don't have access to charts at work today RJ - what was the entry to DP worth (in pips)? So you risked 12 to get .........pips to the DP (but reversed obviously to get BE trade). PM1
So if things had have gone according to the plan, the DP would have folded and the then the first target was the low of the day...just over 30 pips. The next target was the BRN for about 65 pips.
But that's not what happened this time around. But.....no loss so all is well
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,460
- Oct 10, 2013 12:18am Oct 10, 2013 12:18am
- | Joined Feb 2011 | Status: Carpe diem | 630 Posts
{quote} The DP wasn't the target for the trade, the target was the low of the day, which was about a 1:3 trade. The DP was just the first hurdle in the way. But to answer you question, if I had have cashed it in at the DP the risk was 12 pips to make 9, which wouldn't have been too good. Because I know that the DP can either be a trampoline or a sink hole, it was prudent to protect the trade as the PA hit the DP. So if things had have gone according to the plan, the DP would have folded and the then the first target was the low of the day...just...
PM1