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Journal of a Struggling Trader like You - I am pannet1

  • #121
  • Feb 5, 2019 3:08am Feb 5, 2019 3:08am
Quoting Jupiter
Never change direction?
Commander,

Sorry that I should have mentioned its in Rescue .... I was assuming everyone is talking about my rescue (pictured chart) ... Is it OK now.
  • #122
  • Edited 8:12am Feb 5, 2019 7:54am | Edited 8:12am
Us Oil... wash, rinse and repeat! Day after day.
M15
Trailing my stop... 54,500 is a delicate level.
I think this will be my last trade on oil 'cause this instrument don't "excite me"...
I prefer my German girl.

(Previous Trade... close at 55,00 on TS)
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  • #123
  • Feb 5, 2019 8:13am Feb 5, 2019 8:13am
Hit... 54.140 (My Broker)
I don't fight. I flow like water in the water.

Banked my profit and Scouts always in. We'll see next. If... Then... Otherwise...
Next level 53.90 my Broker.
Goodbye
  • #124
  • Edited Feb 6, 2019 12:41am Feb 5, 2019 11:18pm | Edited Feb 6, 2019 12:41am
Good morning @all.

Now, thanks to pannet1 for that, I am very curious to see the developments on this Oil Market.
Stop hit in full green (as explained), yesterday evening.

Now... If we lose the Support on H1 (now under severe test), next level could be - very likely - 52.50. Be prepared

Oil ... What's going on... m15
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  • #125
  • Edited 3:34am Feb 6, 2019 3:03am | Edited 3:34am
So... what I tried to demonstrate?
Simply that, in my humble opinion, D1 is in any case too far in time for a correct reading of the lower TS.
200 point are an whole universe of profitable possibilities.

Anyway and hower: I prefer my Dax... Sorry. Scouts in... And I go to listen to my men.
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  • #126
  • Feb 6, 2019 7:52am Feb 6, 2019 7:52am
ap
Quoting Jupiter
Us Oil... wash, rinse and repeat! Day after day. M15 Trailing my stop... 54,500 is a delicate level. I think this will be my last trade on oil 'cause this instrument don't "excite me"... I prefer my German girl. (Previous Trade... close at 55,00 on TS) {image}
Master said apply his K.Y Jelly :-)
I am saying you apply some US Oil :-)
  • #127
  • Feb 6, 2019 7:54am Feb 6, 2019 7:54am
Quoting Jupiter
So... what I tried to demonstrate? Simply that, in my humble opinion, D1 is in any case too far in time for a correct reading of the lower TS. 200 point are an whole universe of profitable possibilities. Anyway and hower: I prefer my Dax... Sorry. Scouts in... And I go to listen to my men. {image}
well noted commander.

will try to look at the NOW.
  • #128
  • Feb 6, 2019 7:56am Feb 6, 2019 7:56am
Was wondering who on this world will go to the extent of putting real trade to prove the point.
Hats off to you @Jupiter
  • #129
  • Feb 6, 2019 8:00am Feb 6, 2019 8:00am
scout was 2x due to an avoidable situation.
in a rescue since beginning of the scout.
today is the news day.
what looked like a confirmed head and shoulder breakdown became ??

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  • #130
  • Feb 7, 2019 4:14am Feb 7, 2019 4:14am
Quoting pannet1
scout was 2x due to an avoidable situation. in a rescue since beginning of the scout. today is the news day. what looked like a confirmed head and shoulder breakdown became ?? {image}
.... in your chart above - larger chart -

- you went long at top after price broke through last HH and when price was rounding over - so after taking out the prior high price could come back to test and bounce off it but it does not showing strong selling - you must have thought at least for your longs where was the start of my long wave - that wave start then gets busted and price runs down significantly - so you could have thought price might go back long to test that broken area.

- you then bought at end of a pullback long to retest breakout zone then looks like an upthrust short turned it down .. price went thru the area a bit then did a PB bounce to try to go long which then failed when sellers came in again.

.... before you bought above it looks like you sold at end of strong down move (or is that just closing longs?) - no problem to short in down - price took out a low and then did a spring buy when strong buying came in to start the pullback .... at that point you could close your short scout (if that is what you have) or lock it with a long(s) to go do the retest of broken area where you can try shorting once price action tells you it looks ok....

Just some thoughts... who knows who would agree with me.... study the characteristics of the spring and upthrust in that pullback and terrain around it it may prove useful.

Thanks for posting your charts -it helps me look at my own thinking too.

Alex
check out the terrain - follow never lead
  • #131
  • Feb 7, 2019 9:50am Feb 7, 2019 9:50am
Quoting alexandria
.... before you bought above it looks like you sold at end of strong down move (or is that just closing longs?) - no problem to short in down - price took out a low and then did a spring buy when strong buying came in to start the pullback .... at that point you could close your short scout (if that is what you have) or lock it with a long(s) to go do the retest of broken area where you can try shorting once price action tells you it looks ok....
Hi Alex,
Very nice keen pair of eyes you got.

i made several attempts to rescue with -8x first and 8x sometime.
instead of setting off the scout (1x) with a winning -8x .. i mistakenly set off (3x) and ended up with a small loss instead of the intended profit. (these are quick fire profit taking inside the rescue ... during panics ... very similar to what Lusan does in his journals). this is done with a command called closeBy in Metatrader platform.

in the beginning price was acting like it is testing many support before going up. At one point a decision was taken to hold on with a -8x no matter whatever tantrums price throws at us. this paid off and the scout was rescued home.

For me there is only one scout (the one that i leg in first) ... and the whole rescue operation is to bring it safe home. If my scout is long and my rescue deployment is long then the breakeven seems to be very near to the scout. at the sametime if the last rescue deployment is short, the scout seems to be very farther from the breakeven point.

this is what i could not explain to you that day ... correctly. of course, when the opposite direction trend is very strong, i should definitely consider taking it (like today).
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  • #132
  • Feb 7, 2019 9:56am Feb 7, 2019 9:56am
my trading screen

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  • #133
  • Edited Feb 8, 2019 12:17am Feb 7, 2019 10:19pm | Edited Feb 8, 2019 12:17am
Quoting pannet1
.. who on this world will go to the extent of putting real trade to prove the point.
Quoting pannet1
my trading screen
Yes... your trading screen and the starting point of my trade. Thanks for your money. (And that is all.)
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  • #134
  • Edited 5:35am Feb 8, 2019 12:15am | Edited 5:35am
Quoting pannet1
my trading screen {image}

You need to read more TAF. I am not sure what your thinking was/is?

Try thinking about creating a plan (AOW)- what are you trading - so trade an impulse then PB - in the PB you should be going in the direction of the original impulse - start from there in demo til you learn more - but live feels very different anyway and that is another part of your journey. When you look to trade are you in a pullback or a range or some mess - when is your abc pullback trade an impulse and not a pullback. Try mapping your terrain a bit. Not to mention news and your Ro3K equivalent.

FTI said in TAF his juniors would trade 1 1 2 in impulse pullback and then in trouble hand over to seniors (who trade 3 5 8) who go in with new impulse direction at 4 4 8. Find his posts on attack/rescue and read them. If you do not understand any of it or find it confusing - post a question on TAF.

Also maybe you should stop putting trades on and just watch for a week or so the price action and see what it does - talk to yourself about what you are seeing and feeling as it unfolds might learn a bit about price - Donsky said this once and it is a good idea at least for a bit

Read Jupiter's thread -- it is fab very generous with info.

As FTI says it is how she dances it that matters....you need to follow



Alex
check out the terrain - follow never lead
  • #135
  • Feb 10, 2019 2:02am Feb 10, 2019 2:02am
No debate here. No conversation. But Mother Market is always moving. (and me with her!)

Please, crude oil Traders, now watch out.
Question: what's going on?
Will this Bearish Sentiment, that abruptly kicked in on the Markets, jeopardise the D1 possible H&S? Or not?
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  • #136
  • Feb 10, 2019 2:05am Feb 10, 2019 2:05am
My positions... m15 @ Resistance... Stop in place. Profits all locked in.
Do what you want, Mummy. As you always do.

(Please, readers, do the math by yourself x 45 linear points)
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  • #137
  • Feb 10, 2019 10:45pm Feb 10, 2019 10:45pm
Quoting Jupiter
Do what you want, Mummy.
Yep, banked. Now, we'll see.
If you wanna play, decide upon three things at the start: the rules of the game, the stakes and the quitting time.
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  • #138
  • Edited 8:14pm Feb 11, 2019 12:25am | Edited 8:14pm
When i entered on friday, H1 was bullish.
Now H1 & H4 both are bearish.

But the pin bar on M5 could have trapped all the bears and most could have exited now.
We are the last minor angle on Daily to call this Bullish. Will reverse everything if the Daily pivot Low is broken.

I am just in with a rescue 3x. Scout is in trouble since Friday.

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  • #139
  • Feb 11, 2019 12:50am Feb 11, 2019 12:50am
You think and I take... Banking some. Ready to react.
Bye.
Study and trade well.
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  • #140
  • Feb 11, 2019 11:21pm Feb 11, 2019 11:21pm
Having to choose between the two girls, I preferred to dance with my DAX yesterday... and left Oil alone!
But I did not manage to go south as far as I wished.
Reality was the opposite... LOL
We'll see next.
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