Mike's Journal MSK185

[Grant]

Hi Mike,

Nice entry and managing, i moved my SL to -4 on the high of that pin bar and got caught....

NEXT!!!

Grant

[msk185]

First trade today 7pips 0.7%

Waited for new aims to form after blue dot then set entry order. closed out manually when priced stalled at previous resistance area.

Any comments welcome

Mike

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[msk185]

Trade 2 and time to pay the rent -9pips not sure what I got wrong other than 5 min AO was showing divergence.

Just triggered in and stopped out 3 below entry candle.

Comments welcome

Mike

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[MichaelC1234]

Hi Mike, Only thing that kept me out of that trade was that although AO was close to zero , it had not actually crossed the zero line. Which for me was a stale signal. I had that mistake on a trade yesterday and cost me ten pips

[Grant]

HI Mike,

some wanna play and some just dont wanna play the game at all....

cheers
Grant

[msk185]

Hi Grant, Michael

Thanks for your input, having looked at it again I'm also not sure the alligator was in the right setup for a trade either.

Still up for the month and learning loads thanks to this site.

Cheers

Mike

[msk185]

3rd trade of the day 5pips - possibly should have been more, good entry looking for wave 5 but maybe should have exited at 5 min high, also had Alpari requote when trying to close manually
which cost me a couple of pips

Still back positive for the day.

Comments as always welcome as I try to master this excellent system.

Cheers

Mike

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[Grant]

NIce tradingh Mike,

Sometimes targets work, sometimes the exit is made to look silly....

I like base hits with compounding...

rinse and repeat mate

Grant

[msk185]

Trade 4 today - 7 pips
Entry was a break of 5 min level which had held for a while, just after US news, traded to the grey line.

Felt really relaxed taking this trade.

Thanks for everyones helpful comments it really does help.

Mike

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[Grant]

HI Mike,

this is one that makes us look silly.... damn thing... lol

Grant