just did another rince and repeat as explained a few posts up. sl at break even and scaled at +10. I have been here 45 minutes and made 3 trades for a total of 34 pips. You can do this all day long and end up for a hundred or two pips and once you ...

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break even sl hit. collected 10 pips total. Logic behind the trade: resistance at 33 but 4 hr resistance at 47. instead of missing the boat, enter off a 5 min signal to collect some pips, scale out and move sl asap because we know we run the risk of ...

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mla do you see the reason I took that trade?

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scaled at +10 and sl at be. bounce area here

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im in at 31 and will only risk what I gained on the last trade. so my sl is at 45

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still has too much steam

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yes and then I will look for a reason at that point. If no reason then no trade

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yep sure did. looking for another

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if my break even stop doesnt get hit then target is 3380 or when I see a possible reversal.if it gets hit then I may reenter a little higher like the areas I mentioned earlier edit: be stop hit. gained about 14 pips on it.will watch the areas ...

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if 10600 breaks on the dj ten lo out belooooooooooooow.the next bounce area would be 10334.

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Here is what it looked like when I entered.the green dotted line is the sell order. as you can see, the current level can be a bounce area. thats why its always best to scale out and place sl at break even.

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ny entry is 3512

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yeah im up 13 pips on it but we are coming into support so scaling and break even because we still have a chance of testing 3533. if price can hold below 3533 area then 3380 is possible.

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that could be a sell signal on the 5 minute. just hasnt reached 3533 tho

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You are right ivob. There is a lot more to a channel than just the channel itself. Edit if price sells off from this area or around the 3533 area, it may give it enough steam to the south to make it to 3380.

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As long as you can recognize your mistakes and correct the damages then you are doing well mla. Edit we may have to test 3533 before going back down. That seems to be a significant resistance and where we may see the price dancing around.The channel ...

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nice channel on the 5 minute if it holds. Channels are great and can bring many pips while they last.

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Everybody making pips?

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sl is at breakeven now. i think if price takes another stab at the recent hi then price could test 3500 Edit be sl hit. i see ya in asia

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Im short at 79. sl at break of 89. small risk. break of 89 and we could see more north. EDIT I am going to set my stop at 92 just in case something weird happens.

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