Disliked{quote} Hello Pannet, As I expressed you should know better what you are doing, it's your domain. And it's difficult to grasp objectively and comprehensively things I'm not dealing with. I've never used any EAs nor I rigidly believe in daily waves counts. My issue remains the same twofold - sizes, though. Sometimes I may deploy more than required being lured by good-looking PA, that's it - too early. Best regards, ExnavIgnored
Journal of a Struggling Trader like You - I am pannet1
- #243
- Edited Jun 29, 2019 3:24am Jun 28, 2019 2:48pm | Edited Jun 29, 2019 3:24am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
{quote} We will miss you my friend. You will be lot of treasure for us to read through. Wishing you good luck from the bottom of my heart my dear friend.
I'm indeed grateful for your good words. Just to specify - I'm not going to leave FF totally. I can still participate but with some restrictions. The matter concerns my trading activity since it somehow affected the health condition and I now am dealing with it.
Thereby, if I'm inactive as trader, my participation will be of less value - rather theoretical, analytical
one. I regard the same way a Demo trading - a kind of theoretical playing to me. Only performing Live one may fairly stand and express.I also agree with Phil that we must be honest and direct in discussing. To me the exception are sorts of trolls and dishonest people, after recognizing them I would not play a gentleman as I actually have been doing (one cannot buy love and true friendship), though.
On my end, I'm missing Live trading and now - fighting the addiction. As I wrote, at the moment I don't know whether I re-start.
Have a nice week-end,
Exnav
P.S. Concerning automatic exit orders - you might have noticed the point on my thread the brokerage game of slippage, spread playing. The same I read recently on Phil's thread regarding midnight-thousand-pips-spikes.
Not to Advance is to Fall Back
- #245
- Jun 29, 2019 10:49am Jun 29, 2019 10:49am
{quote} Dear Pannet, I'm indeed grateful for your good words. Just to specify - I'm not going to leave FF totally. I can still participate but with some restrictions. The matter concerns my trading activity since it somehow affected the health condition and I now am dealing with it. Thereby, if I'm inactive as trader, my participation will be of less value - rather theoretical, analytical
US oil is manageable. When I am long, i check the Ask price programmatically, so spread is not a concern. Within the local market, the spread is very tight but i have not factored in the brokerage and tax into the cost. Till then, I am not using it anyway.
- #247
- Jun 29, 2019 11:54am Jun 29, 2019 11:54am
Fri, 28th June
when the attempted pyramid went into waters, the re-average attempt is 3x in the demo account. If it was done like that, now i am already in safety. Now the checker is left for the mercy of the markets. Let us see.
when the attempted pyramid went into waters, the re-average attempt is 3x in the demo account. If it was done like that, now i am already in safety. Now the checker is left for the mercy of the markets. Let us see.
Fri, 28th June when the attempted pyramid went into waters, the re-average attempt is 3x in the demo account. If it was done like that, now i am already in safety. Now the checker is left for the mercy of the markets. Let us see. {image}
If you so like diving deep into waters then why not become a submarine or a deep-waters-fish? Thus, the deep waters will be your natural breathable environment. The question is: is it your subconscious addiction to dive or a hard purposeful training of submarine surfacing? Then, you must exercise a ballast purge and have sufficient reserve of oxygen under pressure so to extrude the ballast and resurface. Nowadays Captains Nemo got used to navigating deep underwater for long months without resurfacing.
If you have a well defined (on higher time frame) channel (range, trending Up or Down), why don't you deploy forces from the channel border (Resistance or Support) areas along with PA? And ride to opposite border area or median (mean) at least? Or, you have something different, your individual MO I'm unable to recognize yet.
And thank you very much for your wishes.
Best regards,
Exnav
Not to Advance is to Fall Back
- #249
- Jun 30, 2019 2:07am Jun 30, 2019 2:07am
{quote} Hello Pannet, If you so like diving deep into waters then why not become a submarine or a deep-waters-fish? Thus, the deep waters will be your natural breathable environment. The question is: is it your subconscious addiction to dive or a hard purposeful training of submarine surfacing? Then, you must exercise a ballast purge and have sufficient reserve of oxygen under pressure so to extrude the ballast and resurface. Nowadays Captains Nemo got used to navigating deep underwater for long months without resurfacing.
My dear friend, the channel play is very much in line with my thoughts. The problem is when i tried to add one more to my scout, it was beyond the median line. I was expecting the channel to be breached on the top or touched on the top so I can take away my pyramid attempt. So when that did not happen but we came back to the bottom line of the channel, i added on more the long scout. This played well. But as you could see the combined wins of the two longs is far less than the sigma of my lone pyramiding checker.
Another thing I want to tell is the scout is actually 1x and attack sequence is 1x, 2x, 3x. So basically the scout size is very close to lot skew and hence cannot be killed easily. If i have to kill easily then my beginning attack sequence should be slightly bigger, so i have considerable foreign capital to kill the scout.
- #250
- Jun 30, 2019 2:30am Jun 30, 2019 2:30am
Plan of action for Monday, either:-
1-2: We go straight down from the opening bell, without any retracement. Will book loss in this case.
3-4: We open down and retrace back up, Will add +3x in this case. If 3X plays well, I am out with minimal damage. If after entry if there is a fall, will square off, leaving the scout alone for further action.
Birds Eyeview
1-2: We go straight down from the opening bell, without any retracement. Will book loss in this case.
3-4: We open down and retrace back up, Will add +3x in this case. If 3X plays well, I am out with minimal damage. If after entry if there is a fall, will square off, leaving the scout alone for further action.
Birds Eyeview
- #254
- Jun 30, 2019 11:22pm Jun 30, 2019 11:22pm
Dear Exnav,
Good day.
The one that i did not think of happened. Crude gapped up.
Added one more on top.
Now if the upper channel is breached is it going to break above or we are going to touch and return back. The angle of the channel will help to decide that to a certain extent. Let us see
Thank you.
Good day.
The one that i did not think of happened. Crude gapped up.
Added one more on top.
Now if the upper channel is breached is it going to break above or we are going to touch and return back. The angle of the channel will help to decide that to a certain extent. Let us see
Thank you.
Good luck!
- #256
- Jul 1, 2019 2:45am Jul 1, 2019 2:45am
{quote} Dear Pannet, Saudi a sort of agreed with Russia in Osaka (in the end they are major players and want oil Up). Remember, the shut of USSR was due to the oil down (a hint). As I wrote, your instrument is now very sensitive and spikes, gaps were/ are expected. To me, the picture looks generally Up. But they might be going to make retracements (spikes and gaps), though. Best regards, Exnav P.S. BTW, is the gap filled?...
very difficult to keep track of the fundamentals. when i understand and digest a information it is either too late or it is exactly done to take the wrong foot forward. The gap in the US Oil as well as the local market is not filled.
Local market
Exited all positions 48 points gained.
{quote} thanks Exnav for the headsup. trust me any news in Crude is quite manageable. thanks to the experience of being caught up during news in Forex live market. my attempt to push my scout little lower went underwater and the day closed with -10 points approx. carrying overnight long again. PS: every tuesday CRUDE goes on steriods. it is OK.
You are welcome.
I like those refined oil (petrol) sellers business. When stock-market price goes up, they are selling up (raising the price) immediately. When it drops down on the markets, they are holding the same (don't change) justifying it had been purchased/ produced months ago for this high price. Why could not you make the same business then (good hedging and always in profits)?
Best regards,
Exnav
Not to Advance is to Fall Back
- #260
- Jul 3, 2019 2:36am Jul 3, 2019 2:36am
{quote} Dear Pannet, You are welcome. I like those refined oil (petrol) sellers business. When stock-market price goes up, they are selling up (raising the price) immediately. When it drops down on the markets, they are holding the same (don't change) justifying it had been purchased/ produced months ago for this high price. Why could not you make the same business then (good hedging and always in profits)?