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- drumdude replied Apr 6, 2011
With a nice tight stop (watch PA) I would target 1.4370 first....I will be tracking down on the H1 to grab one more long position if I can get nice R:R.
- drumdude replied Apr 6, 2011
Agreed. I got criticized when I took my long even though I had excelent R:R because there was resistance ahead.....there is always resistance. If I am projecting beyond the current resistance for my TP then I am happy to buy the retrace at the ...
- drumdude replied Apr 6, 2011
Long still good. TP1 was breached if it does not turn at the .618 level coming up then we are headed north till at least 1.4559 Good Luck -Chart shows 1st TP breached as well as the next levels to watch.
- drumdude replied Apr 6, 2011
EU D1 Long — Approaching TP1 ----Will be watching price action. If pivot candle develops I will get out. If we break through we will still be long up to TP2 and I will add another position on a retrace. Stop is at BE. Good Luck. -Chart 1 is ...
- drumdude replied Apr 5, 2011
Where did you find that picture of me hahahah
- drumdude replied Apr 5, 2011
Best of luck to you as well. Never said I am not expecting a retrace....post a chart?
- drumdude replied Apr 5, 2011
Didn't see that but regardless the chart is long for now.
- drumdude replied Apr 5, 2011
Here is the MN chart I posted a while back...we already got the close and high below the TL (March) as I thought. We are currently piercing the TL and I will be looking for a high at the 50 Level (may not be this month) And then I expect a retrace ...
- drumdude replied Apr 5, 2011
Yeah I like the daily/weekly chart because I will get in at highs and lows with very nice tight stops and end up with anywhere from 2-10:1 Risk:Reward It is frustrating though when I make a mistake and get stopped out even if it is at break even. ...
- drumdude replied Apr 5, 2011
Ah very cool...I have played the New Classic maple before and liked them a lot. Right now I have a few kits. -1969 Ludwig -2005 DW custom (Gigging kit) -Pacific CX Maple (Practice kit)
- drumdude replied Apr 5, 2011
1.4328
- drumdude replied Apr 5, 2011
There are many great books on proper trading mindset, but in my opinion the best way to ease your mind is to place trades with proper R:R never less than 1.5/1 I like at least 2:1 for my self. Also remember to move stops to BE. Trade higher time ...
- drumdude replied Apr 5, 2011
Not sure what you mean? I don't use LRC though if you are asking me about them...?
- drumdude replied Apr 5, 2011
Same to you! Cheers. :nerd:
- drumdude replied Apr 5, 2011
(Black line is just the fib line not TL) And I am actually buying support in the bigger picture...always happy to be wrong with proper R:R But here is my D1 I am in long to the green TP line stop below current pivot candle forming. Good luck to ...
- drumdude replied Apr 5, 2011
Will not get in unless price retraces to 1.4192 to get at least 1.5:1 R:R (yellow highlight buy zone) Stop: 1.4145 (red line) First TP:1.4286 (green lines on chart. also account for spread)
- drumdude replied Apr 5, 2011
Long — There we go....will wait to get a better price for R:R but assuming this current candle is a pivot long we will be at the .618 TP to the top side
- drumdude replied Apr 5, 2011
EU H4 Pending Long — Pending long right here: ---If we break 1.4202 we will be going to one of the green TP lines (.618 level) I will not enter until the current .618 level of .4202 is broken. Hope it breaks. Other wise it is back to tracking ...
- drumdude replied Apr 5, 2011
EU D1 Short — D1 Short closed out for +50 just now. -First Chart is the D1 short chart finished (starting chart in earlier post) -Second chart is now looking for a long opportunity on the H1 ---------Will be watching this current candle for a ...