Technical Trading Setups Journal

Discussion in 'Journals' started by cornix, Jan 25, 2012.

  1. I think you can see his entry on the chart. I would not say hindsight.
    And the setup you are referring was just after an hourly trend line break, so probably that is why he did not take it, at least I would not have taken it .
     
    #11     Jan 25, 2012
  2. cornix

    cornix

    This one, you mean (see attachment)? :)

    As you can see, it didn't harm me, was poor entry from the start so watched it like a hawk and bailed quickly b/e.

    Also, I emphasized in the first post of the thread that my purpose is not document every trade, but more those, which are good demonstrations of technical analysis principles.

    I have no need to prove anything to anyone. If you don't like this threads, I am sure you have choice. :)
     
    #12     Jan 25, 2012
  3. cornix

    cornix

    Yes, those are entries/exits and stop/profit levels automatically shown by Oanda.
     
    #13     Jan 25, 2012
  4. cornix

    cornix

    One important note, I never intended to say that each of the setups shown should ever be taken mechanically. It's not the way to trade them.

    The way is (in my view) to watch them for a long time until you get a good feel for them and then take those, which look the best and are in good context.

    I will probably return to the concept of context a little later.
     
    #14     Jan 25, 2012

  5. the 3 sisters
    fully diverged and corked.

    new long pendings hit then puked.

    end of trend at the vert. bar shop exit door.

    s
     
    #15     Jan 25, 2012
  6. cornix

    cornix

  7. I knew you would post that failed breakout :D

    Nice pin bar entry on the 5M for entry...
     
    #17     Jan 25, 2012
  8. Macho

    Macho

    It also coincided with the ZB buying and ES rolling over.

    I trade ES and 6e with ZB triggers 3 pip range. PA no indicators.
     
    #18     Jan 25, 2012
  9. ................................

    the setup is so obvious.

    breakout guys never get it right..........:)

    s
     
    #19     Jan 25, 2012
  10. cornix

    cornix

    Sometime they do. :)

    I like well shaped breakouts, they can be very profitable and low risk entries.
     
    #20     Jan 25, 2012