[quote=sisse;9635778]{quote} ...and I will take that in Gold. Clearing the core of 'zig' leg after the test 1220.xx leg for those following from last week.
Thank you very much.......
Thank you very much.......
80% effort, 20% luck
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Dislikedyeah that SkankChank looks like a winner....talking monetization....not like Titter at all. Looking forward to see the options roll out.....Ignored
Disliked{quote}... Table closed. Thanks all and GL ... sisse a. Buy MKT @ $24.5 targeting a return of TP1 (10%) => $26.9x => TP2 (20%) $29.4x STPs 3% below the lows of the range. b. Buy LMT 10% below @$22.x0 targeting TP1 (22%) => $26.9x => TP2 (34%) $29.4x STP 5% below IMARICH1 Pharm0r hoom Pixie666 cashfactor...Ignored
a. Buy MKT @ $24.5 targeting a return of TP1 (10%) => $26.9x => TP2 (20%) $29.4x STPs 3% below the lows of the range.
b. Buy LMT 10% below @$22.x[check] targeting TP1 (22%) => $26.9x => TP2 (34%) $29.4x STP 5% below
c. Nothing to see here. Play a compression of volatility neither $26.5x or the bottom $23.0x of the opening range will be taken in the next month (risking 4% for 8% return).
DislikedRe Snap Inc Are any of you guys trading this for real? Looking at some numbers, it was 70% up on the issue price, now it's only about 24% up but it's dropped 40% from the high. These are pure gambling numbers! mr confused I'm reminded of that expression 'widows and orphans need not apply'Ignored
Let's see how it goes. Hopefully it will give us some flows (the initial was too easy and fast) so the points gets very clear.
sisse
Disliked{quote} Why? Your initial stop should be around $20.8x now that we have the daily range of the trading day set you can adjust to $20.5 to round up for the close onwards but you can keep it it tight if you wish it wont make any difference in the outcome now. sisseIgnored
Disliked...Why? Your initial stop should be around $20.8x now that we have the daily range of the trading day set you can adjust to $20.5 to round up for the close onwards but you can keep it it tight if you wish it wont make any difference in the outcome now.Ignored
Disliked{quote} Well my bad with early entry and because I had SL on 20.80 I got stopped, but thats mostly my problem with trading, because I dont want to watch graphs all day, so I just set orders with tp, sl and let it do what it does.Ignored
Disliked@sisse thanks for the detailed explanation I must admit it is quite fascinating Would you class this as a 'momo play'? (momo=momentum for the non-engleesh in the crowd ) Edit: it would help it I could actually spellIgnored
Don't confuse how big or volatile the flows might be with the actual direction. Start with direction. NOTHING to do with your trading MAP !!!!
-> Can NFP change anything?: NO not really. A overshoot just confirm more or the same with more force on the impact of hikes. Even a major flop wont change the super uber strong uptrend in employment in one off number
====> Therefore, is nothing to see there for direction ...next
-> Can ECB change anything? No. Not expected. However we have strong numbers lately and inflation finally reach its nominal target for the first time in years. So only a clear announcement to end QE can affect direction (of the EURO only side!!!). If that happens (odds below 10% in my books) there is nothing to be afraid, neither jump the gun like crazy on the knee jerk reaction....
====> Therefore if that improvable scenario happens this week, you just revaluate and in the most wild scenario we change outlook from Sell to Neutral. Why? because a FX pair has 2 sides (check back posts for how to evaluate +++ and --- on each side). So if Euro* becomes buy but Dollar is still in Sell what do you get???? Chop and a wild cluster fck in between on the major clash of forces.....
===> Does it mean go wild and buy, trash your charts and start trading in all directions? NO absolutely no. Its just mean you are doing your homework and adjusting your outlook according to the new reality, your trading opportunities will have to be adjust to trade that new environment (e.g fade the extremes, trade outside -> inside in the range etc etc).
Thats what you should be analysing and tracking this week(s) not trying to chart every single potential outcome of major direction forces in out of range charts for the implications of such a massive changes.
-> Only after you have this completely clear you can then move on to start managing positions for this week (if you are holding) or looking for new opportunities to trade the movers and shakers.
====>For now things should be fairly simple as I have mentioned to you and others many times. What is your current outlook? (mid and short term as its a double play this week). If its Sell? SHORT THE damn thing, if its BUY? don't sweat it just go LONG if your direction is right you will get pay and thats is final. If you don't have a proper setup, r:r, trading options according to you and only you...just sit patiently until you get your entry wherever its is. Your decision on where and how to take should be already defined by now !!!!
====> Finally and I think here is where things get a bit confusing for some. We also have the 'actual flows' news play this time probably with ECB and NFP given the circumstances. Those plays are absolutely out of the scope from the trades we are taking above. You can skip if they are too complicate and by no means should blur or override your short or mid term swings.
If it's too much to handle in live trading. Skip them or just come in the thread as we have being doing for years and try to map the flows before the fact, track live the news (in the case of ECB) and then trade accordingly if there is anything worth trading (as you can see many times there is nothing to see or too much risk or simple not worth the effort during this plays).
I personally recommend to use this opportunities to improve, rebalance, add or take profit on your short term positions instead of just trading them alone ....
In a nutshell, don't overcomplicate, don't get into paralysis by analysis, be careful of the 'Analyst Syndrome' (that applies both TA and FA wise), establish an order of analysis. Direction first (with FA!!!) and only then you map your potential trades accordingly. Differentiate a short term swing (this is real consistent trading) with a news flow and finally: TRADE YOUR DAMN DIRECTION, don't SWEAT it, don't AIM for the Perfect entry to the TICK and more importantly don't DOUBT yourself. If you are wrong you are wrong and move to the next one ...nothing less, nothing more.
I hope it helps.
sisse
Disliked...and we are rolling with a very important update. Dollar quietly triggering imminent break up alerts for the short term just before the major mover and shakers this month... sisseIgnored
Disliked{quote} May I ask you if you don't mind how you determine this kind of trigger: is it based on experience or TA or news? Thanks in advance!Ignored
Disliked{quote} May I ask you if you don't mind how you determine this kind of trigger: is it based on experience or TA or news? Thanks in advance!Ignored
Disliked+++++ Very LONG TRADING not market TALK POST alert. If you already have read it before ...feel free to ignore +++++ {quote} Its very good that you are seeing the big picture but you are complicating and mixing things up too much. You are mixing up Tfs (short, mid and long term), trading opportunities, flows with direction and outlooks and getting into paralysis by analysis and/or entering in 'analyst syndrome' instead of thinking like a investor and trader. Check the very first posts before the iterations last year. Let me try to give you a couple...Ignored