Moty`s Journal [Awarded Title: Samurai Sword Fruit Chopper]

[msk185]

Hi Moty

Not sure what your exit strategy was as this trade is still going. Entry looks to be 12977 (includes spread), the low on my chart is 72 , could be you were just unlucky with your broker prices

I saw the entry but opted against it as the 5 min was looked to be in wave 4 and the entry was into alligator mouth on 5 min

Mike

[moty]

Hi Moty

Not sure what your exit strategy was as this trade is still going. Entry looks to be 12977 (includes spread), the low on my chart is 72 , could be you were just unlucky with your broker prices

I saw the entry but opted against it as the 5 min was looked to be in wave 4 and the entry was into alligator mouth on 5 min

Mike

Hi Mike
Thanks for your comments, because of the previous losses, just quickly move the stop.
Moty

[msk185]

I suffer from that too, one of the disciplines I'm working on, cost me 20 pips earlier

Mike

[moty]

Trade No. 4, loss No. 4. This time 8 PIPS.
Cumulative loss today 21.5 PIPS,= 1.65%

[msk185]

Hi

I saw M5 as in wave 4 and close to its purple line so declined the entry on this one, there was also divergence on the AO on 1 min

Cheers

Mike

[moty]

First trade closed at B/E
The 2ND on +10 pips.(red news coming)

[immy]

HI Moty

Both your trades have been spot on. Well Done! Rinse and Repeat now!

cheers

Immy

[moty]

First trade today, +2 pips.

[moty]

2ND trade today, -1 pips.
Total this week- +5pips, (0.38%)
It seems I have still room for improvement (Probably some LIVE WEBINAR can help )
Sweet weekend to everyone, and thank everyone who helped this week.

[msk185]

Yep, took this one too, it's been a tough week I think I'm about -40pips so definately still a lot to learn.

Thanks for all your help too

Have a great weekend

Mike