Gone Surfing

M

MadeMan

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Daily
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Hourly
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5min
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Excellent, I'll be watching your thread.

Have you put yourself through the first stage that Db recommends ?

All the best.
 
ok , had a lil time today for trading ,


here is waht happened ,

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as u can see todays gap up , got rejected at an MP , and i was
actually looking to short a lower high on a retest , but price didnt
rallie back , and dropped to fill the gap , as it came to an halt at
arround a prev sup. and formed a higher low i was ready to risk
a long entry , and as i got filled price drifted a lil sideways , but we
had a small upstride.. so i wasent to concerned , and we where
forming a sort of hinge , as price picked up on mom. in my
direction. i drew in the DL lines and allready planned to get out if
cant overcome the 50% mark of the down move.. wich price got
into trouble and left the DL .. wher i exited for a small scalp..

then i needed to get of my desk and do some stuff , as i got
back to my desk i saw the action i was anticipating before .. a
retest of the MP and a LH .. and price dropped after that.. well
didnt catch that.. to bad.. but all in all it was ok .. cheers

attached is the Journal for todays short session in PDF

where u can see how i planned and read the markets action..
 

Attachments

Quote from redbox:

Excellent, I'll be watching your thread.

Have you put yourself through the first stage that Db recommends ?

All the best.
More...

Hi , by First Stage u mean only observing price movement?
Then yes
 
todays session ,

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after todays rallie towards an MP @8674 where price got rejected
i was yet again ready to short a LH at a retest , but price
drifted along the 50% mark of the rallie and formed a hinge ,

as this indecsion occured at the 50% mark of teh rallie i
considered it as weak , nevertheless it was about only 15 mins till
German Ifo data came out and i bracket the hinge , whereas the
the buystop got excetudet , but actually never took pace.. i gave
price a chance to correct till the MP of the samll hinge , wich it did
, but failed to rallie/ reject , therfore i got out of the long for a
small loss..

as the news came out , we saw that price actually wasent in for a
rallie , and that action at a level where bulls are in charge and we
had indecison .. is not exactly what u want to see if your in for a
long at that level (puking bulls).. so i placed a sell stop right at a
small bar low and it triggered the short , and momentum picked
up till it got a lil climactic , i knew that i didnt want to get out on a
SL break aswell as i didnt want to sit out a 50% retracement due
to the climactic behaviour and the fact that we are @ a overnight /
early morning sup. level , but rather if a high of the most recent
bar gets takenout .. wich it did , thereafter..


all in all a break even day ..

riding the small waves for now , cant wait to catch a Maverick :D
 
No trading tomorrow

A long time ago i stumbeld upon a Quote
Wich fits this thread quite well ...

The best explanation of a plan is "the surfer" who goes surfing. Goes down to the

sea. Checks the weather conditions. Is the surf up?. Is the breeze on-shore or off-
shore?. If the conditions are right, jumps on the board and paddles out 300 meters.And waits. Waits for the right wave. There are many waves. The key is to pick the right wave. Don't want to pick one too soon or too late.The choice of wave comesfrom seasoned experience. Not a surfing plan. A surfer does not go out surfing with a surfing plan in mind. The conditions of the moment on the day will dictate the play.Depending on the conditions, what was a good wave yesterday might well be a poor wavetoday.
 
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