Hi guys,
Looks like we had another tough one today. I guess the many uninitiated would have bit off their fingers on the many intrigues of today's cable market.
Well, I try to post my trades for the day cos it's common sense that every student should/must do his home work. I would appreciate any corrections, criticism or education as could refine my trading skills.
Though there was a lil bit of confusion in the Classroom(Teamspeak) in the early hours of today as to the trend direction - Some thought we were in an uptrend, others thought we were still in the downtrend. I thot I was confused . Price was actually at the border between last week's LRC and this week's LRC ( See red arrow in chart). It finally played out kinda nice in the end.
I got in my first trade (amidst the controversy) for a short (red arrow) and a take profit at last week's LRC median. I was lucky to have moved my SL to +5 pips when I was in considerable profit before price bowed to the power of the uptrend, therefore confirming it!
The second trade (blue arrow) was taken just at the Q4 border just bcos i thot I had missed the previous spike into Q4. I got out at the median with just a lot ( I was scared price may reverse into the previous channel). Sorry Master Roshan for that minute of doubt. I know, I know.....67554 Jedi pips penalty!
Altogether, 34pips. Not too much.... guess I tried!
Looking Forward to Levels 3 & 4....
I love OrangeRoshan and Jedi Pips
John-Paul,
Over and Out.
Looks like we had another tough one today. I guess the many uninitiated would have bit off their fingers on the many intrigues of today's cable market.
Well, I try to post my trades for the day cos it's common sense that every student should/must do his home work. I would appreciate any corrections, criticism or education as could refine my trading skills.
Though there was a lil bit of confusion in the Classroom(Teamspeak) in the early hours of today as to the trend direction - Some thought we were in an uptrend, others thought we were still in the downtrend. I thot I was confused . Price was actually at the border between last week's LRC and this week's LRC ( See red arrow in chart). It finally played out kinda nice in the end.
I got in my first trade (amidst the controversy) for a short (red arrow) and a take profit at last week's LRC median. I was lucky to have moved my SL to +5 pips when I was in considerable profit before price bowed to the power of the uptrend, therefore confirming it!
The second trade (blue arrow) was taken just at the Q4 border just bcos i thot I had missed the previous spike into Q4. I got out at the median with just a lot ( I was scared price may reverse into the previous channel). Sorry Master Roshan for that minute of doubt. I know, I know.....67554 Jedi pips penalty!
Altogether, 34pips. Not too much.... guess I tried!
Looking Forward to Levels 3 & 4....
I love OrangeRoshan and Jedi Pips
John-Paul,
Over and Out.
Attached Image
I grumbled I had no shoes until I met a man who had no toes...