I live in Krabi the South at the Andaman sea
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- #763
- Dec 18, 2008 8:25am Dec 18, 2008 8:25am
another one while i'm out ...stopped by TS
Hey big guy. Where did you get that red and green indicator on the top right side of your chart? Do you have the site address? How much does it cost? BTW, some nice charts...congrats.
- #767
- Edited 9:52am Dec 18, 2008 9:30am | Edited 9:52am
Jeff,,
Am testing out in HSI future trading...Simply I am not just used to it... this sucker has gap up and down during lunch break or overnite...
Especally today too much whipsaw...
I just dun get the hand of it....it shows my flaw when in whipsaw mkt...
Moreover the spread is 20 points...
I just paid $400 for the tution fee...
Sonic
Hi Sonic:
It will take a bit time to adjust to the trading of HSIF. Futures do gap up and down; BUT as far as I'm concern, we should NEVER trade the gap; that's pure gambling. Really, today the market is on trading range and shouldn't be doing anything or trading on it. (Please see attached) Remember? when the market is doing "3:00 o'clock", we should stay out. But if you are nimble, you should be able to extract about 100 points out of it today. Please be reminded, the HSIF is not meant to have many trades, on a normal day without any major breaching of important levels, I usually do 1-3 quality trade. Try to be real selective to qualtiy trade; HSIF really requires the traders to be 'fussy' and selective in trade setup. Chin up and Keep up with it. As mentioned, in dealing with the HSIF,
DON'T think and do the obvious in trade setups. Institutions are ALWAYS on the lookout to punk the retails.
Your spread is 20 points!!!??? Sometimes, I usually take a scalp for a 20 points profit on the big contract! Please disclose your platform or broker name here; these guys are bloody crooks! Make sure to disseminate this info to everyone on your side of the fence of this bloody crooked company; force them to go out of business. Send me a private mail, I will recommend you some good platforms here; if you need it.
P/S, Normal spreads on a normal day is about 2-4points; on a volatile day, spread can bump up to about 7 points; this is due to market volatility; in your case, the platform you are trading on is eating you alive and kill you with a bloody 20 points spread; just like those crooks do things in the PRC.
Have a good one
Jeff
~*~You are only one trade away from humility~*~
Hi all,
Been trading live since yesterday. Everything went smoothly till yesterday night.
Seem like I lack abit of patience to wait for my trades to turn profitable and rather closed them when I thought they are not losing alot. And end up to be losing instead at the end of the day.
I remember that Friday was said to be not a good day to trade. Izzit not recommendable? 3rd Friday of the month is the day that traders withdraw their profits? I do remember reading it somewhere in the forum.
Cheers.
Been trading live since yesterday. Everything went smoothly till yesterday night.
Seem like I lack abit of patience to wait for my trades to turn profitable and rather closed them when I thought they are not losing alot. And end up to be losing instead at the end of the day.
I remember that Friday was said to be not a good day to trade. Izzit not recommendable? 3rd Friday of the month is the day that traders withdraw their profits? I do remember reading it somewhere in the forum.
Cheers.
- #773
- Dec 19, 2008 12:30am Dec 19, 2008 12:30am
Hi all,
Been trading live since yesterday. Everything went smoothly till yesterday night.
Seem like I lack abit of patience to wait for my trades to turn profitable and rather closed them when I thought they are not losing alot. And end up to be losing instead at the end of the day.
I remember that Friday was said to be not a good day to trade. Izzit not recommendable? 3rd Friday of the month is the day that traders withdraw their profits? I do remember reading it somewhere in the forum.
Cheers.
Hi Eternalrealm:
As far as I'm concern, I trade whenever there is a valid setups; if we are talking about spot FX; it don't matter me; but for futures, I don't do any trading during the last few days of settlements of the month. People are doing alot of month switch and alot of options are involved there; complete chaotic. Just my two cents. Take care.
Have a good one
Jeff
~*~You are only one trade away from humility~*~
- #778
- Dec 19, 2008 2:55am Dec 19, 2008 2:55am
I am down with flu ...
Seem like I lack abit of patience to wait for my trades to turn profitable and rather closed them when I thought they are not losing alot. And end up to be losing instead at the end of the day.
I remember that Friday was said to be not a good day to trade.
friday .. well i used to think that.. the market does appear a little slower than usual but when u know what to look, u wont be an issue ..
Saw the drop.. but don't dare to enter short.. scare later it goes back Long.. like yesterday night..
anyway :
Nice profit column you have. Wish to have one of those asap.
Am currently able to get positive pips making using sonic strategy, just that it doesn't end with a profit, rather a loss.
I see, thanks for the advice.
That was what happened to me yesterday night. Chasing long candles and end up having reversal PA.. leading to the loss I trying to break-even now...
Am currently able to get positive pips making using sonic strategy, just that it doesn't end with a profit, rather a loss.
for me, never chase a very long candle .. they might been a reversal ..
I see, thanks for the advice.
That was what happened to me yesterday night. Chasing long candles and end up having reversal PA.. leading to the loss I trying to break-even now...
