Just added an order at round nr 147
It's untested support or you could say the first touch so i am expecting a quick bounce.
james16 Chart Thread
- #50,722
- Jan 5, 2010 3:19am Jan 5, 2010 3:19am
Not an obstacle Marcel but a certain motivating factor,
I've been longing to see pakis here at the thread sharing these pots of gold with me, and was happy as ever to finally see Nasir stop by,
not treefingers but just sayin'...
- #50,723
- Jan 5, 2010 3:22am Jan 5, 2010 3:22am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
don't delete the order.
Just added an order at round nr 147
short-term trade or not?
seems to me price is currently trapped in a 100ish pip range.
either 147 or 148 should be broken convincingly to "inject life" & make a resolution.
we may see 142 - 145 in a few days (if 147 area breaks with conviction). but Let's see what it does..
just my view
- #50,726
- Jan 5, 2010 3:36am Jan 5, 2010 3:36am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #50,727
- Jan 5, 2010 3:39am Jan 5, 2010 3:39am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Alright first 2010 profit is in...
keep pippin Scot Pippin'.. & happy+prosperous 2010
- #50,728
- Jan 5, 2010 3:41am Jan 5, 2010 3:41am
Reason I ask about Aussie is more to do with the fact that I only get a couple of hours in the evening i.e now 8pm to 10ishpm. Like many others I imagine I do long hours in my day job & have 2 young children so don't get much time to myself. I can barely keep my eyes open these days past 10.30pm so was just kind of wondering how others in similar position manage it. From what I can see most of the action goes on here while I am sleeping and I guess its the same on the PF.
Most of the market action happens between London open (6pm) and NY close (7am). I generally dont finish work until late (7ish, although still here tonight!
), so I usually do any trading either in between 8pm and about 2am (also: insomnia isnt *all* that bad), maybe some sneaky trades while I am at work (or at least checking open trades).If you were to *just* trade the daily charts, you would only really need to devote half an hour each day when one bar closes and the next opens.
Otherwise, if you can, trade the 4H charts. I probably devote 5m-15m to checking the charts each 4H, and even then I am not religious about it. I'll usually check 6am in the morning when I wake up, 10am/2pm at work, 6pm either at work or on the way home, and 10pm at home. Maybe 2am if I cant sleep. That's anywhere between 3 and 6 signals per pair each day, depending on how busy I am.
If there is something interesting, it might take 15-20m for that check/trade plan/entry/exit. If everything is quiet (ie, most of the bars during the day), it takes 5m max to flip through the charts. The key, I think, is to doing all your markup/PPZs/trade ideas at home at night so you can just eyeball the chart quickly and move on if nothing is happening.
Also, if you miss a signal, it isnt the end of the world - another will be by soon enough to donate some money to your bank account.
That's the best part - unlike more intensive forms of trading, we dont *need* to be in front of the computer for 8 hours straight. We can choose to devote as much, or as little, time as we want just by choosing which timeframe we trade.
Either way, demo it for a bit, and see what fits in with your lifestyle.
When you have to shoot, shoot. Dont talk.
what's your plan here?
short-term trade or not?
seems to me price is currently trapped in a 100ish pip range.
either 147 or 148 should be broken convincingly to "inject life" & make a resolution.
we may see 142 - 145 in a few days (if 147 area breaks with conviction). but Let's see what it does..
just my view
- #50,730
- Jan 5, 2010 3:55am Jan 5, 2010 3:55am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
I wont lie - it isnt easy
Most of the market action happens between London open (6pm) and NY close (7am). I generally dont finish work until late (7ish, although still here tonight! ), so I usually do any trading either in between 8pm and about 2am (also: insomnia isnt *all* that bad), maybe some sneaky trades while I am at work (or at least checking open trades)....
how has insomnia affected your trading & health (since they're interrelated)?
how long have u been trading this way?
how's your nutrition (we know lack of sleep has a detrimental effect on us)? i presume u used nutrition to counterbalance this (lack of sleep).
Thanks from a used-to-be fellow insomniac trader!
- #50,731
- Jan 5, 2010 4:00am Jan 5, 2010 4:00am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
what's your plan here?
short-term trade or not?
seems to me price is currently trapped in a 100ish pip range.
either 147 or 148 should be broken convincingly to "inject life" & make a resolution.
we may see 142 - 145 in a few days (if 147 area breaks with conviction). but Let's see what it does..
just my view
- #50,732
- Jan 5, 2010 4:10am Jan 5, 2010 4:10am
im curious..
how has insomnia affected your trading & health (since they're interrelated)?
.. does it have a detrimental effect on trading though? Sometimes, definitely. I can be irritable when tired, as we all can, and in the past that occasionally turned into a big of shooting from the hip - i'll teach that stupid market who the boss is type thinking. I've pretty much overcome that though, just by realising that I am being a dumbass and stopping myself.
Tiredness has never really affected my concentration/focus, at least in a way that would compromise my decision making or analysis, but that probably varies from person to person.
how long have u been trading this way?
As for just playing 4H/daily bars? Pretty much since reading Aaron's 4H journal....basically all this year. Oh, and since I figured out that there is a $ sign above the 4 on your keyboard, and it isnt a coincidence
It suits me perfectly, although I do other trading on the side.
how's your nutrition (we know lack of sleep has a detrimental effect on us)? i presume u used nutrition to counterbalance this (lack of sleep).
I have a pretty clean diet, since I am trying to get (back) in shape a bit, but I dont do anything special to counteract it.
When you have to shoot, shoot. Dont talk.
I wont lie - it isnt easy
.
.
.
.
Luckily I work on a trade floor so during the day I have constant access to the markets but would be very risky to place personal trades from the office.
Learning to be rigid in my rules & flexible in my expectations
- #50,735
- Jan 5, 2010 5:49am Jan 5, 2010 5:49am
Luckily I work on a trade floor so during the day I have constant access to the markets but would be very risky to place personal trades from the office.
in regard to the thread, most of the action is in the london/ny sessions, so I usually just post before bed and check the next day, but there is usually someone to chat about a chart or potential trade with most of the day as well.
Good luck with it - you have definitely found your way to one of the few worthwhile trading group in the cesspool known as the internet
When you have to shoot, shoot. Dont talk.
- #50,737
- Jan 5, 2010 6:16am Jan 5, 2010 6:16am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #50,738
- Jan 5, 2010 6:48am Jan 5, 2010 6:48am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Missed the trade by 1pip
