Mike's Journal MSK185

[Grant]

HI MIke,

-8 here as well for my first trade, all the drops earlier were on news releases so no trades...

as you said NEXT

Grant

[Herbert]

first trade in cash for a while and unfortuately its rent. -8pips

EURUSD seeking wave 5 - was this a good setup? It looked good to me but now I just dont know

Missed all the moves earlier as I didnt see any setups, so very frustrating

I guess its just next

2405 0931.gif

Hey Mike. That was a good looking aims level breakout for w5. I would have done the same.
2 observations from my chart.
1. I do not have a red dot on my chart.
a: Broker differences.
b: Close of candle still above balance line and purple, my chart AND yours!!!

2. Dot and aims level break = 8 candles apart/new aims box. Criteria for you?
Splitting hairs, but we are on m1, or is that splitting dots? )

Regards
Herbert

eurodot.png

[msk185]

Thanks for your replies,

Grant - sorry for your rent too but good to know I'm reading the setup similarly to yourself - that helps my sanity.

Herbert - broker differences as I had 3 red dots (no black dot for me) so setup looked valid, with fresh cross of AO and aims levels below the purple, also i have price closed below purple prior to being triggerred in.

looks to be an unlucky one

Cheers
Mike

[Bettina]

Hi Mike,

for a long time I would have taken that also, but now, since I'm more looking to M5, I didn't.
I had a red dot, too, but at that time, M5 alli contracted and eWaves was ascending, ( see green cycles ), so I didn't think, that w4 was already done.
Bettina

[Herbert]

Excellent observation there on the 5min AO bars Bettina. (wd)
I will keep an eye on it.
herbert

[msk185]

Good Afternoon everyone

Took this short trade on AUDUSD, 5 min aligator had just turned and there was a fresh cross of AO too. Fresh cross of AO on M1 and also a break of M1 and M5 aims levels.

Entry 9784, concious of M15 level 10 pips below as price stalled in this area I chose to exit for 12 pips, pssibly a little early but I think this was a good entry.

Comments and views always welcome.

Think I'll call that it for trading today always nice to finish the week on a high.

Cheers and wishing you all a lovely weekend

Mike

[msk185]

Hmm. I said I would call it a day but I couldn't resist this setup on Cable for another 12 pips.

Entry was fres cross of AO for the M1 and very close to ZL on M5.

Exit at 15min low may have been premature but I was happy with that as a target.

Happy weekend everyone

Mike

2505 1500 gbpusd.gif

[Herbert]

Hmmm, i smell a capitalist
Good going buddy.. :thumbup:

[immy]

Hmm. I said I would call it a day but I couldn't resist this setup on Cable for another 12 pips.

Entry was fres cross of AO for the M1 and very close to ZL on M5.

Exit at 15min low may have been premature but I was happy with that as a target.

Happy weekend everyone

Mike

2505 1500 gbpusd.gif

Mike,

If I were you I could not have left this Setup had I spotted it. A picture perfect Setup. well done.

[humpha]

Mike,
A picture speaks a thousand words and through our skype calls I know how much hard work you have put in week after week - Well done mate - (wd) (wd) (wd) (wd) now get back on the board and paddle out again.