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No Brainer Trades

  • #10,521
  • Apr 2, 2009 9:13am Apr 2, 2009 9:13am
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Here is the trade
  • #10,522
  • Apr 2, 2009 9:31am Apr 2, 2009 9:31am
I will move to break even very fast due to market conditions...
even if it means get taken out at break even and then the market going your way. Thats trading...


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  • #10,523
  • Apr 2, 2009 9:39am Apr 2, 2009 9:39am
Closed it ...took my 10 pips...nobody is buying this except me..lol...not enough reaction when the sentiment is like this....

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  • #10,524
  • Apr 2, 2009 9:41am Apr 2, 2009 9:41am
Quoting Shermenator
Closed it ...took my 10 pips...nobody is buying this except me..lol...not enough reaction when the sentiment is like this....

Attachment

You see when the sentiment is like this you want to pick a levels that reacts fast ...if it does not it simply means not enought people are convinced just yet. Meaning the level was correct but the amount of orders are not enought so you have to intake that information of the market and step aside if it was not the imidiate reaction your looking for
  • #10,525
  • Apr 2, 2009 9:42am Apr 2, 2009 9:42am
If by any means I am cluttering the thread a bitt you guys let me know and I will back off a bitt in the posting
  • #10,526
  • Apr 2, 2009 9:43am Apr 2, 2009 9:43am
Quoting Shermenator
Closed it ...took my 10 pips...nobody is buying this except me..lol...not enough reaction when the sentiment is like this....

Attachment
That was one of mine too Sherm, on any other day it would be solid...
  • #10,527
  • Apr 2, 2009 9:46am Apr 2, 2009 9:46am
Quoting RedCabbage
That was one of mine too Sherm, on any other day it would be solid...
Yep on any regular day it would be a money maker...it would not do this crap

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  • #10,528
  • Apr 2, 2009 9:50am Apr 2, 2009 9:50am
So what does this tell traders. If your new to trading back off the screen an watch a movie or you will get raned over. Reason is the new traders marry their positions all the time and expect the market to reverse because they got in. Many times you guys choose the level correctly you just dont manage them correct or pay attention to whats going on that day as well as how levels are performing. Days like this its better to step aside unless you really want to trade a complicated day and know what your doing. Many times its best to watch T.V
  • #10,529
  • Apr 2, 2009 10:08am Apr 2, 2009 10:08am
Quoting Shermenator
If by any means I am cluttering the thread a bitt you guys let me know and I will back off a bitt in the posting
No you are doing fine. Your probably the most active poster in this thread and all your trades are good for showing people where significant support and resistance are.
  • #10,530
  • Apr 2, 2009 10:15am Apr 2, 2009 10:15am
This is a trade I am currently in...I will let if mature and then based on how it moves I will either hold or get out....

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  • #10,531
  • Apr 2, 2009 10:38am Apr 2, 2009 10:38am
Shermen your posts are great and very insightful for the new trader. I am learning a lot from your posts and going to try and notice the things you do when it comes to my trading.

If by chance you have Yahoo Messenger would you mind it if I added you? Some of the questions I ask and you answer are... simple and dont really have a place on this thread.
  • #10,532
  • Apr 2, 2009 10:39am Apr 2, 2009 10:39am
Well I gotta go do some things today, talk to you all later tonight!

Good trading
  • #10,533
  • Apr 2, 2009 10:40am Apr 2, 2009 10:40am
no brainer guys need to take a break for today.. n doin other kinda activity which's include brain on it... hehe...
I draw a line for u... a support line.. not a resistance one..
  • #10,534
  • Apr 2, 2009 10:40am Apr 2, 2009 10:40am
A quick overview of today.
Attached Image
  • #10,535
  • Apr 2, 2009 10:43am Apr 2, 2009 10:43am
Quoting Shermenator
This is a trade I am currently in...I will let if mature and then based on how it moves I will either hold or get out....

Attachment
seems like another breakout on kiwi dude... Im affraid to take it since aussie going very stong.. im still holding long on usd/cad..
I draw a line for u... a support line.. not a resistance one..
  • #10,536
  • Apr 2, 2009 10:47am Apr 2, 2009 10:47am
Quoting left_trader
seems like another breakout on kiwi dude... Im affraid to take it since aussie going very stong.. im still holding long on usd/cad..
I have a large stop on this to protec myself
  • #10,537
  • Apr 2, 2009 6:43pm Apr 2, 2009 6:43pm
Quoting RedCabbage
A quick overview of today.
  • #10,538
  • Apr 3, 2009 2:43am Apr 3, 2009 2:43am
Quoting RedCabbage
A quick overview of today.
which one are u? the one inside that speedy train.. or the one who got crashed?
I draw a line for u... a support line.. not a resistance one..
  • #10,539
  • Apr 3, 2009 2:44am Apr 3, 2009 2:44am
Quoting left_trader
which one are u? the one inside that speedy train.. or the one who got crashed?
I was the one stood well back because I checked my timetable.
  • #10,540
  • Apr 3, 2009 2:54am Apr 3, 2009 2:54am
It is almost time to shut up shop for a couple of weeks I'm way overdue a long holiday and i'm going down to the islands for a couple of weeks before the monsoon kicks in.

Dam that Euro/Gbp trade such potential. Jetted down 70 pips now and it's hovering pretty close to my stop so lets see.

Have a good one guys see you in a few.
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