Gabe2004

If you are short @ 1.6584 and I am short @ 1.6582 then if your broker shows 1.6558/59 and u set your stop to 1.6559 then in this example to be fair you should set my stop to 1.6560 and not 1.6561 which will give you a profit of 1.6584-1.6559=25pips and for me it will be 1.6582-1.6560=22 pips. but we don't really know whether my broker will not print 1.6556/1.6559in which case my profit will be 23 pips. But even with your example the difference between us will be the spread difference between our brokers +/- 1 pip. Gabe

Could someone tell me which of the following contracts is more advantageous to trade. ZF or ZN? Thank you Gabe

Sorry. You are right. Gabe

Could someone tell me which of the following contracts is more advantageous to trade. ZF or ZN? Thank you Gabe

I understand and agree with you about the spread. I don't understand though, why does a 5 tick bother your daughter if her average win is 50-60 pips as you have mentioned in the past. Also I don't agree with the 6 pip handicap. If Oanda has a 3 pip spread than that is my handicap. One cannot include the spread twice. If bid/ask is 100.00/100.03 than to enter long I would pay 100.03 and if I want to exit immediately I would get 100.00 so the handicap is only the spread once and not twice. Please correct me if i am wrong. Gabe

This is an expalnation I CAN understand. Thanks. I saw that S/R line you pointed out but ignored it. I was also not thinking in terms of distance between possible target to entry and distance of SL to entry. Have to work on that. Gabe

What was so meaningful at 1.6542? Gabe BTW my potential long from last night ended up witha loss. I am not sure, had I been awake, would I have moved my SL higher to lose less than the approximately 16 pips that this trade would have resulted in in real time. Gabe

I markd the targets in the previous post. As far as moving my SL, I would wait for a minor swing point to materialize and then move the SL to the PEAK or the TROUGH of that swing point (for the SHORT and LONG trades respectively) Gabe

Forgot to mark the targets. Gabe

Or a potential GU LONG. Gabe

Potential GU SHORT. Gabe

You could have said that before. Just to make me feel good. Thanks anyway I think that the notion here is that you don't make mistakes and I (and maybe others) feel inadequate) so thank you for your honesty. Gabe

I counted to 10 before I started to answer. STOPPING IS NOT AN OPTION. The question is whether you or anyone else would have just stopped and reversed when the entry signal reversed or there is something else that would have prevented you from doing that/ Thanks Gabe

Post #616 http://www.traderslaboratory.com/forums/208/reading-charts-real-time-6151-62.html#post78242 Gabe

Maybe my Stop was too close. I have a problem with this. Gabe

Hi jj The point I am raising is that I was killed twice in a row. Not that this is a big problem because a losing string could last longer but the question is, is there a way to avoid this or it is just a statistical fact that has to be factored in and in the long run the winners will outweigh the losers. Gabe

Could be or the poke below the lower line of the frlag could be a fake and it will just continue up. Gabe PS SL hit. I would not do anything now because there is no market until 8PM EST. So 2 trades 2 losses. Could this be avoided?

Moved stop to below most recent swing trough. Gabe PS I am not in this trade.

I guess 11-13-09 should be 11-23-09. Is RLM-M the same as TF? Thanks Gabe

Had I been in this trade I would have been taken out for a small loss and probably I would have reversed and gone long but there is still too much resistance overhead. Gabe

Had to leave and just came back 2 c that the short did not work out very well. Moved the Stop to a minor loss if it triggers. Could be a Stop and Reverse situation Gabe

We have lift off (inverse ) Gabe

I see this potential Long but there is too much resistance to my taste very close above. Gabe

Potential GU Short. Gabe

This is exactly the reason I have a problem with this stuff. Eventhough my markings would have worked, yours would have worked as well. Gabe