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  • #1,701
  • May 31, 2019 12:50pm May 31, 2019 12:50pm
Quoting Ll1979
{quote} Nice to hear that but what is your definition of gambling? Surviving your first real draw down is for most traders a mental turning point in their trading career.
Ll1979 , gambling is entering a position which is far too large for the account size. In addition , if you enter a stop loss when you enter into a trade you are almost virtually guaranteeing yourself to get stopped out. I used to do it all of the time , and 99% of the time , I got stopped out. Market makers will "steal" your money a little at a time until its gone.
The video on Youtube shows this very well.

Green Pips ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #1,702
  • May 31, 2019 12:53pm May 31, 2019 12:53pm
Quoting detector
{quote} Li, closed out, need to do an errand, I think this could be a good long, anyhow going to miss it, will catch up later, good chess all, speak soon D
took only 2 points but prevented some loss
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persistence and determination alone are omnipotent
  • #1,703
  • May 31, 2019 1:02pm May 31, 2019 1:02pm
Quoting GreenEarth
{quote} Ll1979 , gambling is entering a position which is far too large for the account size. In addition , if you enter a stop loss when you enter into a trade you are almost virtually guaranteeing yourself to get stopped out. I used to do it all of the time , and 99% of the time , I got stopped out. Market makers will "steal" your money a little at a time until its gone. The video on Youtube shows this very well. Green Pips , GE
I share your vision on the stoploss been there more than once. Then a again HFT told us huges spikes can happen. The moral of the story is don't set a tight stop.
persistence and determination alone are omnipotent
  • #1,704
  • May 31, 2019 1:14pm May 31, 2019 1:14pm
WTI drops below $55, loses more than 8% for the week
31 May 2019, 21:02

  1. Baker Hughes rig count rises to 800.
  2. Heightened geopolitical tensions continue to weigh on commodities.
  3. WTI drops nearly 15% in last two weeks.

Crude oil prices remained under pressure on Friday and the barrel of West Texas Intermediate, which lost more than 4% on Thursday, touched its lowest level since mid-February at $53.98. As of writing, WTI was down 4.15% on a daily basis at $54.05.

Concerns over the potential negative impact of a prolonged trade conflict between the U.S. and China on the global economy and the oil demand outlook continue to weigh on commodities. Earlier in the day, the data published in China showed that the manufacturing sector expanded at a slower pace than expected in May and the business activity in the service sector contracted in the same period.

Furthermore, reports of China's Commerce Ministry preparing a list of "unreliable entities" list to combat foreign firms that cut supplies to China hinted at further escalation of the trade war down the road. Additionally, President Trump vowed to impose tariffs on all Mexican imports to trigger a fresh wave of flight-to-safety on Friday.

Meanwhile, the weekly report published by the Baker Hughes Energy Services revealed that the number of active oil rigs in the U.S. rose to 800 from 797 last week to point to higher production in the U.S.

persistence and determination alone are omnipotent
  • #1,705
  • May 31, 2019 1:30pm May 31, 2019 1:30pm
I'm still holding all my sells, my new target is around 51-52 (61.8% Fib of the recent up move)

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Have to consider that 53 also is the 100% of Fib expansion

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We can't control the sea, but we can learn how to surf the waves.
  • #1,706
  • May 31, 2019 1:38pm May 31, 2019 1:38pm
Dipped back in 24828 long
Thought the rise was going to happen, guess not, total punt on Friday positions, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,707
  • May 31, 2019 1:40pm May 31, 2019 1:40pm
Quoting aariapoor
I'm still holding all my sells, my new target is around 51-52 (61.8% Fib of the recent up move) {image}
Nice trades aariapoor

Why leave those SL @ 56.xx? I would suggest lowering them a sudden conflict in the middle east/tweet from Trump could wipe out those hard earned profits.
Live by the pirate rule

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persistence and determination alone are omnipotent
  • #1,708
  • May 31, 2019 1:41pm May 31, 2019 1:41pm
Quoting aariapoor
I'm still holding all my sells, my new target is around 51-52 (61.8% Fib of the recent up move) {image} Have to consider that 53 also is the 100% of Fib expansion {image}
Excellent Aariapoorlooks like you will see the bottom, plenty of pips to wait it out, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,709
  • May 31, 2019 1:45pm May 31, 2019 1:45pm
Quoting detector
Dipped back in 24828 long Thought the rise was going to happen, guess not, total punt on Friday positions, D
The target if it goes 25500 still an hour+ till end of play for it to hit, D
Tight stop loss!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,710
  • May 31, 2019 1:45pm May 31, 2019 1:45pm
Quoting Ll1979
{quote} Nice trades aariapoor Why leave those SL @ 56.xx? I would suggest lowering them a sudden conflict in the middle east/tweet from Trump could wipe out those hard earned profits. Live by the pirate rule https://www.youtube.com/watch?v=lE07p-EIBns
You're right,
Kept them little loose because the weekend, I'll tighten them from Monday or maybe I close them tonight
We can't control the sea, but we can learn how to surf the waves.
  • #1,711
  • May 31, 2019 1:48pm May 31, 2019 1:48pm
Quoting detector
{quote} The target if it goes 25500 still an hour+ till end of play for it to hit, D Tight stop loss!!
keep raising that stop
same applies to you
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persistence and determination alone are omnipotent
  • #1,712
  • May 31, 2019 1:56pm May 31, 2019 1:56pm
My timing is getting a little bit more accurate, just need the market to go up to make my judgement the same D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #1,713
  • May 31, 2019 2:01pm May 31, 2019 2:01pm
Quoting Ll1979
{quote} keep raising that stop same applies to you https://www.youtube.com/watch?v=lE07p-EIBns
Spot on Li, I should be, trouble is the room I leave more wiggle than wiggle wiggle room, too many times stopped out, mental note, take note, cheers.
My errand was Macdonalds for the kids, they needed fed, sheesh the things we have to do as parents
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,714
  • May 31, 2019 2:03pm May 31, 2019 2:03pm
Going to relax and watch a movie. Have a great weekend and see you all next week in the trading arena for some green pips.
persistence and determination alone are omnipotent
  • #1,715
  • May 31, 2019 2:05pm May 31, 2019 2:05pm
Quoting Ll1979
Going to relax and watch a movie. Have a great weekend and see you all next week in the trading arena for some green pips.
Nice one, you too LiD
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,716
  • May 31, 2019 2:08pm May 31, 2019 2:08pm
Quoting Ll1979
Going to relax and watch a movie. Have a great weekend and see you all next week in the trading arena for some green pips.
Yeah me too, watching TV series, have a good weekend you all
We can't control the sea, but we can learn how to surf the waves.
  • #1,717
  • May 31, 2019 2:14pm May 31, 2019 2:14pm
Quoting aariapoor
{quote} Yeah me too, watching TV series, have a good weekend you all
You too Aariapoor, great charts and even better strategy, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,718
  • May 31, 2019 2:19pm May 31, 2019 2:19pm
Quoting GreenEarth
.................Ll1979 , honestly , what I see on this thread is a lot of GAMBLING !! Sadly....................
Quoting GreenEarth
Ll1979 , gambling is entering a position which is far too large for the account size................................
Hello GreenEarth,
I know that your posts were not directed to me but as I am a partecipant here I would like know, just for curiosity, do you really know account size and position size of the people posting on this thread?
thanks
regards
Valter
  • #1,719
  • May 31, 2019 2:30pm May 31, 2019 2:30pm
Quoting timingchain
{quote} Painful! Good response. Study this weekend.
thanks timingchain,
I need to fine tune a bit my evaluation on retracement, will work on it this weekend
the woods is really relaxing
  • #1,720
  • May 31, 2019 2:33pm May 31, 2019 2:33pm
Quoting detector
My timing is getting a little bit more accurate, just need the market to go up to make my judgement the same D {image}
With a bit luck we could move from here, just hope it's the right way, D
I don't need to be good at the game, only good enough to beat my opponent,
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