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  • #73,201
  • Mar 9, 2009 10:13pm Mar 9, 2009 10:13pm
Well that was a wash, made a few then lost them all back... and my clue to call it an early night and let things be what they are.

Had a very nice day tho riding down from the highs this morning.
FUBAR...
  • #73,202
  • Mar 9, 2009 10:16pm Mar 9, 2009 10:16pm
Quoting dysan4x
Long target 1 just got hit - now let the other half run and see where we go - target 2 is 1.2710
It could run to 1.2750 or 1.2850.

There is the strong likely hood or a nice 500 to 1000 point short term rally in equities.
+ Charts Happen
  • #73,203
  • Mar 9, 2009 10:19pm Mar 9, 2009 10:19pm
Quoting Passholder
It could run to 1.2750 or 1.2850.

There is the strong likely hood or a nice 500 to 1000 point short term rally in equities.
Thanks, I'll modify my target as we approach it. Nothing wrong with extra pips.
  • #73,204
  • Mar 9, 2009 10:19pm Mar 9, 2009 10:19pm
Got my 30 pips for today.
Once my pivot was broken at 1.2634 I entered long at 1.2639 and took 30 pips on the run up, exit was 1.2669.

Good trading everyone
Trade on your own risk Plan your trade&trade your plan dont be a
  • #73,205
  • Mar 9, 2009 10:23pm Mar 9, 2009 10:23pm
Quoting dysan4x
Thanks, I'll modify my target as we approach it. Nothing wrong with extra pips.
Dont say "thanks Ill modify my target as we approach it".

How do you know Im not one of those wreches on TV talking about their get rich quick success. John made 32,000 so far this year working part time. Sue made $540,000 on one single deal. And you can too.
+ Charts Happen
  • #73,206
  • Mar 9, 2009 10:27pm Mar 9, 2009 10:27pm
Quoting Passholder
Dont say "thanks Ill modify my target as we approach it".

How do you know Im not one of those wreches on TV talking about their get rich quick success. John made 32,000 so far this year working part time. Sue made $540,000 on one single deal. And you can too.
I don't. I trade my charts and try to be pleasant. If I see a need to modify my target on the second part of the trade I will. If I don't I won't.

There is a little known indicator called the "trade the opposite of the forum" that I use quite a lot.
  • #73,207
  • Mar 9, 2009 10:29pm Mar 9, 2009 10:29pm
Thats too bad because I am one of the get rich quick schemers and boy did you just miss out LOL.

Wait for a limited time only i will sell 30 more programs to the first 10,000 callers.

I am obviously kidding
+ Charts Happen
  • #73,208
  • Mar 9, 2009 10:30pm Mar 9, 2009 10:30pm
Quoting dysan4x
I don't. I trade my charts and try to be pleasant. If I see a need to modify my target on the second part of the trade I will. If I don't I won't.

There is a little known indicator called the "trade the opposite of the forum" that I use quite a lot.
I need to start using that indicator. It is better than most.
  • #73,209
  • Mar 9, 2009 10:33pm Mar 9, 2009 10:33pm
Quoting Passholder
Thats too bad because I am one of the get rich quick schemers and boy did you just miss out LOL.

Wait for a limited time only i will sell 30 more programs to the first 10,000 callers.

I am obviously kidding
http://roflrazzi.files.wordpress.com...ell-mother.jpg
Not all sins are created equal
  • #73,210
  • Mar 9, 2009 10:36pm Mar 9, 2009 10:36pm
Quoting Jay Walker
http://roflrazzi.files.wordpress.com...ell-mother.jpg
I thought you said you've never been here - Ooops....I shouldn't have said that
  • #73,211
  • Mar 9, 2009 10:40pm Mar 9, 2009 10:40pm
Quoting Passholder
You people are all talking each other into bad shorts here.
That was a little tacky, not to mention after the fact.

Entering in the direction of your choosing at the places you have predetermined as strong S/R is not a "bad" trade, whether it be short or long.

A trade placed according to a proper plan and not working out is not under any circumstances a "bad" trade, whether short or long. It's a trade that didn't work. Big difference.

I'll trade 3-5 shorts that don't pan out but either make me 1-5 pips each or lose me 3-5 pips each for the one that gets me 60-100 pips when it does...

Bad trades are when you have no idea why you did what you did whether short or long, win or lose.
FUBAR...
  • #73,212
  • Mar 9, 2009 10:48pm Mar 9, 2009 10:48pm
I wouldn't mess with a short until we have confirmation of a trend reversal, but that is just me. Edit: I'm talking short term time frames. For the first, and I believe the last time (it damn well better be), I blatantly violated my trading plan, and got slaughtered like the little piggy I am, er, was.
  • #73,213
  • Mar 9, 2009 10:55pm Mar 9, 2009 10:55pm
Quoting ak4x
TI'll trade 3-5 shorts that don't pan out but either make me 1-5 pips each or lose me 3-5 pips each for the one that gets me 60-100 pips when it does...

Bad trades are when you have no idea why you did what you did whether short or long, win or lose.
Listen to ak4x. This is exactly the way one should do. Trades are either low risk or high risk. Entering a low risk trade with an outcome other than expected is never a bad trade.
The Thief of Wall Street
  • #73,214
  • Mar 9, 2009 11:01pm Mar 9, 2009 11:01pm
No one should accuse anyone here of talking one into bad short or longs. If one follows others thats his problem. Maybe try and trade to what your plan tells you and stick to it!
just my 2 cents
Trade on your own risk Plan your trade&trade your plan dont be a
  • #73,215
  • Mar 9, 2009 11:06pm Mar 9, 2009 11:06pm
I like this forum so don't take this the wrong way.

There seems to be "cliques" on this forum the same as there is everywhere. And there seems to be quite a bit of competition - who's right and who's wrong. It doesn't matter to me personally when someone makes a call that they think is the right one and it goes the other way. That is part of it (just closed out my long and went short btw). People need to make trades according to their plan and not what the forum is saying. The forum might be right or wrong. An example happened last night. Someone posted looking for certain members to give them direction on what was happening then instead of thinking for themselves and trading accordingly. That is not what this forum is about I don't think.

My 2 cents.
  • #73,216
  • Mar 9, 2009 11:07pm Mar 9, 2009 11:07pm
Quoting dysan4x
I like this forum so don't take this the wrong way.

There seems to be "cliques" on this forum the same as there is everywhere. And there seems to be quite a bit of competition - who's right and who's wrong. It doesn't matter to me personally when someone makes a call that they think is the right one and it goes the other way. That is part of it (just closed out my long and went short btw). People need to make trades according to their plan and not what the forum is saying. The forum might be right or wrong. An example happened last night. Someone...
The week is young but this is the Post Of The Week
Not all sins are created equal
  • #73,217
  • Mar 9, 2009 11:12pm Mar 9, 2009 11:12pm
So I took a day off and returned to find the price almost exactly the same as it was when I took my break....Go figure.
  • #73,218
  • Mar 9, 2009 11:13pm Mar 9, 2009 11:13pm
Quoting ak4x
Bad trades are when you have no idea why you did what you did whether short or long, win or lose.
Good post mate.

There seems to be plenty of that on here, nothing more than a wild stab in the dark and it goes their way.

Plan your trade and trade your plan.
  • #73,219
  • Mar 9, 2009 11:13pm Mar 9, 2009 11:13pm
Quoting Doniboy
So I took a day off and returned to find the price almost exactly the same as it was when I took my break....Go figure.
You should be thankful.

Had I not manipulated the market, your S/L would have been hit!

Just busting your chops mate. It's weird like that sometimes
Not all sins are created equal
  • #73,220
  • Mar 9, 2009 11:14pm Mar 9, 2009 11:14pm
Quoting dysan4x
I like this forum so don't take this the wrong way.

There seems to be "cliques" on this forum the same as there is everywhere. And there seems to be quite a bit of competition - who's right and who's wrong. It doesn't matter to me personally when someone makes a call that they think is the right one and it goes the other way. That is part of it (just closed out my long and went short btw). People need to make trades according to their plan and not what the forum is saying. The forum might be right or wrong. An example happened last night. Someone...
It should be about sharing analysis, not a dick measuring contest.
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