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The Swamp

  • #93,261
  • Dec 12, 2021 11:04am Dec 12, 2021 11:04am
Quoting DMA Trader
{quote} I've said last week i am really afraid going short on GU - and it jumped about 100 pips from bottom
On any pair. Your risk is only as big as your stop. Always bear that in mind. It dont matter if it goes 100 pips in the other direction, when your stop is 10 pips. At the s/r. Your redline on direction. If pa is 90 pips past your redline. You shouldn't be in the trade anyway. Your redline was wrong. That to me is the biggest hurdle in trading. Knowing when your wrong, and having a predetermined plan to exit. Long before the account suffers.
those who can, do. those who cant, talk about those who can
  • #93,262
  • Dec 12, 2021 11:45am Dec 12, 2021 11:45am
Quoting Boulder
{quote} evil plan? I am one here who use your trading advice and happy and willing to pay for your knowledge...I could not believe you!!... its ok... I understand...I won't offer you anymore.... I am just going to be a taker .....no, i can't be that either.. I will donate my taking from you to others ...pay forward...
; Damn 4 yrs have passed. 1 more year for that 5 year plan. I forgot to say Happy Anniversary Dec 1. "Happy Anniversary."
those who can, do. those who cant, talk about those who can
  • #93,263
  • Dec 12, 2021 12:12pm Dec 12, 2021 12:12pm
UK SAYS COVID ALERT LEVEL INCREASED FROM LEVEL 3 TO LEVEL 4

this may help with GBP dip i was looking for. let's see what Boris says
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,264
  • Dec 12, 2021 12:18pm Dec 12, 2021 12:18pm
Quoting wealthyqueen
{quote} that's terrible on the teacher's behalf. I watch your posts to sponge...in a good way. Im a three year newbie and some of the systems, appear a little complicated for "newbies". It is a compliment. Thanks for the posts.
High school teachers dating students was common in my day. It was normal. It wasn't even taboo. Hell i know a D.A. who dated his female teacher. He then was 15 and she 22. They are still married the last I heard. Go back 100 years. Many of our grandmothers married at 13, 14, 15. They were spitting out kids every 12 months. Everything is relative.
those who can, do. those who cant, talk about those who can
  • #93,265
  • Dec 12, 2021 12:18pm Dec 12, 2021 12:18pm
Quoting gatorinla
{quote} On any pair. Your risk is only as big as your stop. Always bear that in mind. It dont matter if it goes 100 pips in the other direction, when your stop is 10 pips. At the s/r. Your redline on direction. If pa is 90 pips past your redline. You shouldn't be in the trade anyway. Your redline was wrong. That to me is the biggest hurdle in trading. Knowing when your wrong, and having a predetermined plan to exit. Long before the account suffers.
true but you need to find what suits you. maybe better traders were short GU and they manage to close in time
but even if they were you still had to have about 70-80 pips stop so you were not taken out bu spikes in the last week
i was already in longs before dump to 1.315 happen.
now i think some dip will happen again, i just can't short

if M/M is ok i don't see a problem risking the amount you can lose in hope of getting some.
real life is not full of 1/3 r/r scenarios. at least it doesnt' work for me like this.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,266
  • Dec 12, 2021 12:19pm Dec 12, 2021 12:19pm
crypto gaining some momentum Bitcoin above 50.000
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,267
  • Dec 12, 2021 12:21pm Dec 12, 2021 12:21pm
Quoting DMA Trader
UK SAYS COVID ALERT LEVEL INCREASED FROM LEVEL 3 TO LEVEL 4 this may help with GBP dip i was looking for. let's see what Boris says
and its near a R. Gu gap down?
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those who can, do. those who cant, talk about those who can
  • #93,268
  • Dec 12, 2021 12:23pm Dec 12, 2021 12:23pm
Quoting DMA Trader
{quote} true but you need to find what suits you. maybe better traders were short GU and they manage to close in time but even if they were you still had to have about 70-80 pips stop so you were not taken out bu spikes in the last week i was already in longs before dump to 1.315 happen. now i think some dip will happen again, i just can't short if M/M is ok i don't see a problem risking the amount you can lose in hope of getting some. real life is not full of 1/3 r/r scenarios. at least it doesnt' work for me like this.
stops in the 3276+ area were ok.. it is a R.. so is 3292.. Now you want 1h closes below 3258 if short.
If it did test 3292.. You needed a 1h close below 3276 and later 3258.
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those who can, do. those who cant, talk about those who can
  • #93,269
  • Dec 12, 2021 12:36pm Dec 12, 2021 12:36pm
Quoting gatorinla
{quote} stops in the 3276+ area were ok.. it is a R.. so is 3292.. Now you want 1h closes below 3258 if short. If it did test 3292.. You needed a 1h close below 3276 and later 3258. {image}
"Most people" put wide stops. Thinking they "dont want their stops hit". The evidence is "most people" fail. The opposite way of thinking is. You want your stops hit. But you want them hit early. You can place bigger size trades with less risk. It gives one more discipline to wait for a price. And already know the redline. So one can place the pending trades knowing the risk. Waiting for the best extreme price. Means you will miss lots of trades. But you're runners will last longer. That more than makes up for the bad ones. Learning s/r is key. Not placing trades early gives most a automatic pay raise. Or at least a decrease in loss size,
those who can, do. those who cant, talk about those who can
  • #93,270
  • Dec 12, 2021 1:59pm Dec 12, 2021 1:59pm
Quoting DMA Trader
UK SAYS COVID ALERT LEVEL INCREASED FROM LEVEL 3 TO LEVEL 4 this may help with GBP dip i was looking for. let's see what Boris says
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those who can, do. those who cant, talk about those who can
  • #93,271
  • Dec 12, 2021 2:16pm Dec 12, 2021 2:16pm
Quoting gatorinla
{quote} https://www.youtube.com/watch?v=5r0AA41dgLU https://www.youtube.com/watch?v=m2vI4XczqZ8
Omicron, a natural vaccine?
those who can, do. those who cant, talk about those who can
  • #93,272
  • Dec 12, 2021 3:03pm Dec 12, 2021 3:03pm
Quoting DMA Trader
{quote} also trying to get some more GU near 1.324 stops wider here at least 100 p first target 1.33 - doesn't' seems a good R/R but i'll take it i think GU can print 1.35 in the next weeks nice comeback for GU this week Also gonna buy GJ next week but probably after FED or @150.3 stop 200 pips below for a run to to new Highs 1/3 tp 151 tp2 152.2 (2/3) and one to run but will probably enter also using more orders.

So we got the dip to 1.324 - amazing.

Buyers knew their spot. #omicron
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,273
  • Dec 12, 2021 4:34pm Dec 12, 2021 4:34pm
Quoting gatorinla
{quote} stops in the 3276+ area were ok.. it is a R.. so is 3292.. Now you want 1h closes below 3258 if short. If it did test 3292.. You needed a 1h close below 3276 and later 3258. {image}
the gap open was below 3258. its testing 3258 from below.
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those who can, do. those who cant, talk about those who can
  • #93,274
  • Dec 12, 2021 4:39pm Dec 12, 2021 4:39pm
Quoting gatorinla
keep an eye on 1323. 1316 1310 and pa below 1298.. {image}
EU open at 1310.3.. My s level 1310.2
those who can, do. those who cant, talk about those who can
  • #93,275
  • Dec 12, 2021 4:50pm Dec 12, 2021 4:50pm
My 1 min R sits at 1312.. 5 min 1301.. 1h closes below 1298 may run. 1h support 1299/1303
those who can, do. those who cant, talk about those who can
  • #93,276
  • Dec 12, 2021 5:04pm Dec 12, 2021 5:04pm
Quoting gatorinla
{quote} the gap open was below 3258. its testing 3258 from below. {image}
market already knows it's BS #omicron
Futures higher. SPX 4717
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,277
  • Dec 12, 2021 5:19pm Dec 12, 2021 5:19pm
Quoting gatorinla
keep an eye on 1323. 1316 1310 and pa below 1298.. {image}
1298 area tested but held.. R 1316 is below 1323.
those who can, do. those who cant, talk about those who can
  • #93,278
  • Dec 12, 2021 5:30pm Dec 12, 2021 5:30pm
Quoting gatorinla
{quote} High school teachers dating students was common in my day. It was normal. It wasn't even taboo. Hell i know a D.A. who dated his female teacher. He then was 15 and she 22. They are still married the last I heard. Go back 100 years. Many of our grandmothers married at 13, 14, 15. They were spitting out kids every 12 months. Everything is relative.
Yes, this is true. #facts
  • #93,279
  • Dec 12, 2021 7:03pm Dec 12, 2021 7:03pm
Quoting gatorinla
{quote} EU open at 1310.3.. My s level 1310.2
got a 1h close below 1310.. -1307 and 1298 best. next h is a 4h.
those who can, do. those who cant, talk about those who can
  • #93,280
  • Dec 12, 2021 7:12pm Dec 12, 2021 7:12pm
Quoting DMA Trader
{quote} market already knows it's BS #omicron Futures higher. SPX 4717
its definitely is looking less deadly. In the Northern hemisphere winter is coming. People will be inside more, keeping warm. It may be less deadly. But a more % of people will contract it. The deaths % more be lower. I'm not so sure the death figure wont be high. Everybody gets it. It dont matter if you have a vaccine or not. The vaccinated are spreading it too. The virus has learned to bypass the antibodies to spread to most everyone. All we need now is a more deadly mutation. "Life finds a way."
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those who can, do. those who cant, talk about those who can
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