I am not sure what wrong with this trade.
Would appreciate any feedback and comment.
Thank you!
1st trade of the day.
-4 pips.
1) Alligator awake. Both M1 and M5 open upwards. Setup 2.
2) AO close to ZL. Purple Line correct.
3) Exit close
4) M5 box over 5pips so took M1 AIMS level.
Tofy's Journal
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Tofy's Journal
You do not have the required permissions to view the files attached to this post.
Last edited by tofy on 11 Jan 2012, 08:14, edited 1 time in total.
-
msk185
- Free Member
- Posts: 390
- Joined: 22 Dec 2011, 11:22
- 13
Re: Tofy's Journal
Hi Tofy
I saw this setup but for me the AO on 1 min chart had divergence and was looking pretty old since last cross of the zero line so didn't take the trade.
Also on your 5 min chart you have a stochastic indicator showing 5 min is over bought which would also suggest waiting before taking a long trade.
Hope this helps
Mike
I saw this setup but for me the AO on 1 min chart had divergence and was looking pretty old since last cross of the zero line so didn't take the trade.
Also on your 5 min chart you have a stochastic indicator showing 5 min is over bought which would also suggest waiting before taking a long trade.
Hope this helps
Mike
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Re: Tofy's Journal
2nd trade of the day.
-6 pips.
-6 pips.
You do not have the required permissions to view the files attached to this post.
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Tofy's Journal
This would be a money making trade but I missed the entry when I walked away 
You do not have the required permissions to view the files attached to this post.
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Re: Tofy's Journal
Thanks Mike, I will take note of that!msk185 wrote:Hi Tofy
I saw this setup but for me the AO on 1 min chart had divergence and was looking pretty old since last cross of the zero line so didn't take the trade.
Also on your 5 min chart you have a stochastic indicator showing 5 min is over bought which would also suggest waiting before taking a long trade.
Hope this helps
Mike
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Tofy's Journal
Morning,
Mike is right about the AO on your first entry, on your short entry m5 and m15 aims levels were just under your PO so i passed on this trade...
The long was a good entry and of course Sods Law says you werent at your screens. Dont panic and start chasing entries the next set up will be along soon...
cheers
Grant
Mike is right about the AO on your first entry, on your short entry m5 and m15 aims levels were just under your PO so i passed on this trade...
The long was a good entry and of course Sods Law says you werent at your screens. Dont panic and start chasing entries the next set up will be along soon...
cheers
Grant
success = patience + discipline - greed
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Re: Tofy's Journal
Thanks Grant!grant18265 wrote:Morning,
Mike is right about the AO on your first entry, on your short entry m5 and m15 aims levels were just under your PO so i passed on this trade...
The long was a good entry and of course Sods Law says you werent at your screens. Dont panic and start chasing entries the next set up will be along soon...
cheers
Grant
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Tofy's Journal
3rd trade of the day
+10 pips.
Could have bagged more pips.
But I was too conservative - after paying too much rent these 2 days.
+10 pips.
Could have bagged more pips.
But I was too conservative - after paying too much rent these 2 days.
You do not have the required permissions to view the files attached to this post.
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Tofy's Journal
I saw your other trades. If this is your start then in a month or two you'll be teaching metofy wrote:3rd trade of the day
+10 pips.
Could have bagged more pips.
But I was too conservative - after paying too much rent these 2 days.
moreover, the red dot had broken aims already so we were supposed to trade Setup 2. Which is why I took the break of m5 when setup 2 was confirmed!
cheers
May the pips be with you
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
tofy
- Free Member
- Posts: 16
- Joined: 07 Jan 2012, 14:04
- 13
Re: Tofy's Journal
Immy, I was looking forward to your comments on my trades.immy wrote:I saw your other trades. If this is your start then in a month or two you'll be teaching metofy wrote:3rd trade of the day
+10 pips.
Could have bagged more pips.
But I was too conservative - after paying too much rent these 2 days.
moreover, the red dot had broken aims already so we were supposed to trade Setup 2. Which is why I took the break of m5 when setup 2 was confirmed!
cheers
May the pips be with you
Sorry I don't really understand what you mean.
Do you mean my 3rd trade of the day is supposed to be setup2 (alligator awake)?
If its a setup 2 (assuming I follow Grant's flow chart), does that mean I'm supposed to check for fresh AIMS level after the dot?
Also... M5 AIMS box is bigger than M1 AIMS box, should I should take the break of M5?