Attachments: Nikkei cruising

Nikkei cruising

#381
Jul 28, 2024 6:36pm Jul 28, 2024 6:36pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Moment of truth.

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#382
Jul 28, 2024 7:26pm Jul 28, 2024 7:26pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Piquant

Disliked

Moment of truth.

Ignored

It was going for a gap fill.

If it was a real reversal target was 100p down from that gap line.

Don't ask me why but I was and still am convinced in bulls.

But don't get me wrong that V PB was intense ! (thats why you need margin and proper risk management because you never know)

Anyway target for bulls is 38700

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#383
Jul 28, 2024 7:48pm Jul 28, 2024 7:48pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Piquant

Disliked

{quote} Anyway target for bulls is 38700 {image}

Ignored

Target hit.
Now its rinse and repeat.

I had added 1 more position on a higher low so thats good enough of points for today I'm also experimenting with add ons.

If I was searching for perfection I could have gone long at the gap fill idk we'll see if I can follow every nook and cranny like that (thats actually the dream).

On a side note fundamentally I didn't make a wrong move and my blotter was all green so thats a big improvement. But like I said in a perfect world I don't want this kind of big move to occur against me after I have established a direction so I'll definitely be trying to get in right on cue although my first long entry wasn't wrong fundamentally speaking it still wasn't "right" on time if you know what I mean thats more points lost though I didn't lose a point.

Enough ramble.
Out for the day.

Lets see if I can any improvement tomorrow.

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#384
Jul 29, 2024 5:35pm Jul 29, 2024 5:35pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

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#385
Jul 29, 2024 7:08pm Jul 29, 2024 7:08pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Piquant

Disliked

{image}

Ignored

out +37

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#386
Jul 29, 2024 7:09pm Jul 29, 2024 7:09pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Attack !

Target ~~39030~~ 37990

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#387
Jul 29, 2024 7:48pm Jul 29, 2024 7:48pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

I think I understand why its doing what its doing.

But I had a go for my entries so I went in without a second of hesitation.

But its a battle for sure bulls are furious !

Gotta have faith.

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#388
Jul 29, 2024 8:25pm Jul 29, 2024 8:25pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Piquant

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I think I understand why its doing what its doing. {image}

Ignored

I do now its a retrace !

But if you're not fully convinced in the direction you'll be very confused.

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#389
Aug 7, 2024 5:48pm Aug 7, 2024 5:48pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

I know it looks like its going up but the early indications stated otherwise and that is precisely how they make you go broke.

But the drama is not over yet as it can sometimes override their own rule of deceiving you, and I suspect thats what they call big hands at work and boy oh boy that can make an ill prepared un experienced trader go insane.

All in all its a frustratingly confusing game but the truth can be elegantly simple and it all starts with a change thats so minuscule that most of us overlook !

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#390
Aug 7, 2024 6:21pm Aug 7, 2024 6:21pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

target around 33850

but we're not out of the woods yet although we've got a confirmation

because if the big boys want it to go the opposite way they'll make it.

all I can do as a trader is to go along with it !

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#391
Aug 7, 2024 6:36pm Aug 7, 2024 6:36pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Piquant

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target around 33850 {image}

Ignored

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#392
Aug 8, 2024 6:19pm Aug 8, 2024 6:19pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Target not yet determined I need a test below 35650

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#393
Aug 8, 2024 7:22pm Aug 8, 2024 7:22pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Piquant

Disliked

Target not yet determined I need a test below 35650 {image}

Ignored

out +430p

what a squeeze that was !

I guess in times like this you need proper risk management whether that comes in stop losses or margin I'm experimenting with the latter because of the unpredictability of PA I don't want to keep interfering and re entering and accumulate unnecessary losses but I also realize it is extremely dangerous to trade without stop loss even with enough margin if your direction is incorrect you'll be wiped out in a matter of seconds.

But I'm beginning to feel very confident in my ability to determine the direction and the target, but I need a humble pill every morning just don't let this get to your head. PLZ.

because one wrong move you're already dead.

I guess it is happening.

finally.

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#394
Aug 12, 2024 9:19am Aug 12, 2024 9:19am

Brixen
Joined Aug 2014 | Status: Trader | 85,180 Posts

Quoting Piquant

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{quote} out +430p what a squeeze that was ! I guess in times like this you need proper risk management whether that comes in stop losses or margin I'm experimenting with the latter because of the unpredictability of PA I don't want to keep interfering and re entering and accumulate unnecessary losses but I also realize it is extremely dangerous to trade without stop loss even with enough margin if your direction is incorrect you'll be wiped out in a matter of seconds. But I'm beginning to feel very confident in my ability to determine the direction...

Ignored

Very wise post from you, imho.
"Unpredictability PA"
"Control/manage of margin call"
"Humble pill...."
"1 wrong move=you're dead"

To trade NIKKEY these days it's only for well prepared traders.....I guess.
Congrats PIQUANT

I call upon my father's spirit , watching over me

#395
Aug 12, 2024 5:24pm Aug 12, 2024 5:24pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

Quoting Brixen

Disliked

{quote} Very wise post from you, imho. "Unpredictability PA" "Control/manage of margin call" "Humble pill...." "1 wrong move=you're dead" To trade NIKKEY these days it's only for well prepared traders.....I guess. Congrats PIQUANT

Ignored

thank you Brixen,

I've always admired your humility now finally turning a corner myself I see for myself how dangerous it can be when you start to feel "too good" for everything and everyone I imagine you'll start seeing things that aren't there instead of reacting to PA and i'll eventually be your demise its happened many times in the past so it is sure to repeat itself !

I guess that'll be the final challenge for me to let the "ego" "person" who thinks they're in control completely diminish and to just be in the flow, its hard to let go of control in trading and in life but I am trying

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#396
Aug 15, 2024 5:25pm Aug 15, 2024 5:25pm

Piquant
| Joined Jan 2015 | Status: Trader | 3,404 Posts

I'm playing a bull today buy area drawn below but first I'm expecting a little push above the highest R then PB back to the buy zone however it can turnaround because we're dealing with a broadening pattern because I'm going against the previous flow but there's a rhythm to this dance and I'm finding out each and everyday it can beautiful to dance along it doesn't have to be painful you just have to let go of control.

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