MichaelC1234 Journal

[MichaelC1234]

Morning Grant,

Saw as set up two , and set po at break of 5 min as thought if that broke would go on a break overnight high , but just touched and retraced, Next time will show more patience and wait for a second 1 min box to form

[immy]

yes, As Grant said, it was Green (Setup 2) dot which meant wait for a fresh aims level. moreover the m5 and m15 levels were close by. Trend was not confirmed on m5. H1 is at the peak of a wave losing momentum, if we don't see a quick drop (retrace) on h1 we may not see good short setups on m1. IMHO

[Bettina]

funny, I had a blue dot, but at the time of the dot, the Alli was wrong ( see frame : 3 candles in advance for the green line )
Bettina

08-02-2012 1.png

[MichaelC1234]

Thanks Bettina , was too impulsive a trade , based more on the break of the 5 min high and the third attack of the overnight high , as you clearly point out the alligator was not at the time pointing up, As they used to say in my school reports " Must Try Harder and Tends to Lose Concentration "

[Bettina]

Hi Michael,

I took two loosers today as well, but from Grant's dot analysis I learnt to look more carfully to the alligator, what I didn't do in the beginning. Good luck for the afternoon.
Bettina

[MichaelC1234]

First trade of the day . target set to 15 , missed by one pip , had entry set at break of 15 min low , was tempted by first break but having seen many times a retrace from 15 min low decided to wait for that to break. Trailed after fifth red candle, taken out for + 10.5. Pleased with the discipline on both entry and exit , slowly learning from previous mistakes

012 eng.gif

[MichaelC1234]

2 trades today a -6 and a +7 .

013 aims.gif

[MichaelC1234]

In the skype room today , so learning a lot from the Aimsters , as a bonus have just got a Plus 10

014 aims.gif

[moty]

Hi
I'm happy for you for the beautiful trade, but maybe someone can explain me, why this signal was valid, since the OA was not new, nor close to ZL.
Thanks
Moty

[MichaelC1234]

first trade of the week , a + 13 , set the target to 3250 as this was a BRN , in hindsight should have moved stop to there when it broke that level. However ist trade at 1% , . Onward and Upward

015 aims.gif