3 Ducks Demo journal

This is a discussion on 3 Ducks Demo journal within the Trading Journals forums, part of the Reception category; Originally Posted by mentormeplease Order placed Sell at 0.83740 sl: 0.84040 tp: 0.83140 Hey Dazzer, Just out of interest, this ...

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Old Dec 15, 2011, 2:19pm   #25
Joined May 2011
Re: 3 Ducks Demo journal

mentormeplease started this thread
Quote:
Originally Posted by mentormeplease View Post
Order placed
Sell at 0.83740
sl: 0.84040
tp: 0.83140
Hey Dazzer,

Just out of interest, this order was also close to the low of the day but not really a round figure. Any thoughts on that.
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Old Dec 15, 2011, 3:17pm   #26
Joined Oct 2009
Re: 3 Ducks Demo journal

Quote:
Originally Posted by mentormeplease View Post
Hey Dazzer,

Just out of interest, this order was also close to the low of the day but not really a round figure. Any thoughts on that.
I suppose you have to build a story, you had
consolidation prior to the low plus the flag
so the low would not have been as much of
a concern IMO.
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Old Dec 15, 2011, 3:19pm   #27
Joined May 2011
Re: 3 Ducks Demo journal

mentormeplease started this thread
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Originally Posted by dazzer_fx View Post
I suppose you have to build a story, you had
consolidation prior to the low plus the flag
so the low would not have been as much of
a concern IMO.
thanks
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Old Dec 15, 2011, 3:24pm   #28
Joined May 2011
Re: 3 Ducks Demo journal

mentormeplease started this thread GBPJPY setup for short
Sold at 120.644
sl: 120.98
tp: 120.00
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Old Dec 15, 2011, 4:03pm   #29
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Re: 3 Ducks Demo journal

mentormeplease started this thread Looking at this trade again, it was not a good setup. I actually sold on the support that was developing from yesterday. So I'm going to tighten my sl to the resistance as shown in the chart and bring my tp to break even. I should have rather waited for the support at 120.60 to have been breached before entering the trade.
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Old Dec 15, 2011, 6:19pm   #30
Joined Oct 2009
Re: 3 Ducks Demo journal

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Originally Posted by mentormeplease View Post
Looking at this trade again, it was not a good setup. I actually sold on the support that was developing from yesterday. So I'm going to tighten my sl to the resistance as shown in the chart and bring my tp to break even. I should have rather waited for the support at 120.60 to have been breached before entering the trade.
I think its sometimes easier to revert back to a higher time frame to get
perspective, you sold in a into a pretty strong trendline which has just
broken. It then has todays low to contend with and then yesterdays low, in
my mind then it gets some clean air. Perhaps I'm just a little too careful!
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Old Dec 15, 2011, 8:02pm   #31
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Re: 3 Ducks Demo journal

mentormeplease started this thread Yes, I see your point. I appreciate your input here. We have a holiday tomorrow so I'll post the loss from the last trade on Monday. Also won't be at my pc where the demo account is loadeded so will get back to trading on Monday.
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Old Dec 15, 2011, 11:30pm   #32
 
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Re: 3 Ducks Demo journal

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Originally Posted by mentormeplease View Post
Yes, I see your point. I appreciate your input here. We have a holiday tomorrow so I'll post the loss from the last trade on Monday. Also won't be at my pc where the demo account is loadeded so will get back to trading on Monday.
Have a good break and keep posting, will watch with interest
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