tag:blogger.com,1999:blog-9459815.post4961040020751816626..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: POT - 051209Trader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9459815.post-8538429944963488632009-05-18T19:56:00.000-04:002009-05-18T19:56:00.000-04:00Thank you for the advice TomThank you for the advice TomFP A distanciahttps://www.blogger.com/profile/03083326759493880325noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-54437700098191040232009-05-18T17:07:00.000-04:002009-05-18T17:07:00.000-04:00Luis, yes my entry was based on proximity of price...Luis, yes my entry was based on proximity of price to the 8EMA. That it crossed and closed above the morning high was a positive, too. Your entry was good, but keep in mind that if there is a lot of white space between price and MAs more often than not it will trade sideways or pullback until the MAs catch-up.Tom C.http://www.traderxblog.comnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-38408027361244922832009-05-13T20:04:00.000-04:002009-05-13T20:04:00.000-04:00Thank you for your effort posting Tom. A few quest...Thank you for your effort posting Tom. A few questions: I traded POT too, but I entered at the hight of the 5th bar (hammer like) and I sold at the 138% FE of the OR (and also near a round number: 100$). My questions: 1)why did you entered later?, from your experience, was the price far from the EMA at the 5th bar to provide a low risk entry?...And 2) why were you expecting the 138% FE of the ORHigh-PrevDayLow in stead of the 138% FE of the OR?...while the trade was developing I was seeing the weekness of the market and I thought it could not be possible for the trade to arrive so high...but it arrivedFP A distanciahttps://www.blogger.com/profile/03083326759493880325noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-14067720534225805672009-05-13T08:32:00.000-04:002009-05-13T08:32:00.000-04:00Tom, How did you manage your stop on this trade, w...Tom, How did you manage your stop on this trade, was it low of trigger bar (bar 9) or OR support?<br />thxTajirhttps://www.blogger.com/profile/03515821443451052730noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-92177891555998420372009-05-13T02:19:00.000-04:002009-05-13T02:19:00.000-04:00Tom C, When I saw POT hit the 200ema/$100 I sol 11...Tom C, When I saw POT hit the 200ema/$100 I sol 110Jan10 with alot of time remaining but always can buy back.blhttps://www.blogger.com/profile/00896711870488137533noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-7416836083109289312009-05-12T20:39:00.000-04:002009-05-12T20:39:00.000-04:00I was looking at the big picture, and as I mention...I was looking at the big picture, and as I mentioned in the post price closed back above the OR high and had support from a rising 8EMA. Those were bullish signs, especially given the overall bullish gap and move from the open.Tom C.http://www.traderxblog.comnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-60743258551011729232009-05-12T20:21:00.000-04:002009-05-12T20:21:00.000-04:00im surprised at your entry- would figure bars 6 an...im surprised at your entry- would figure bars 6 and 7 quickly coming off highs would warrant warning signals it might not break back to intraday highs?Anonymousnoreply@blogger.com