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Watch the rise (or fall) of a trader gone naked

SL got hit. Break even.

Quoting beam
SL moved to break even @ 1.2561. We're near the major resistance @ 1.25 and the possibility of a significant bounce can't be ignored.
Well, here I go again NOT following the rules and trying to be smart. A little bit scared to lose money. Shame on me! I have to do a better job next week.
yeah, trying to be smart, huh? you stupid f**k, beam. you deserved it. not following the rules.... look what happened!
Don't beat yourself up about learning, thinking happens.
Quoting Bankshot
Don't beat yourself up about learning, thinking happens.
Thanks Bankshot, but I was frustrated that I didn't follow the rules (now that I have a good set of rules). I'm not really that mad at myself, only more determined than ever to do my job.

beam
I'm now waiting for the market to enter the DMZ (above the MA's) and break down below again.

beam
The market is now officially in the DMZ. Waiting patiently for a break down below it.
The market is at 1.2310 and is now below the MA's (nearest is currently at 1.2350).

beam
Man, it's going down! Fast! You would have to go down to a 5min chart to spot a retrace in this move.

I'm waiting for a retrace on the 1H.

beam

Attached Image (click to enlarge)
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Too tired. The time is 11.53 here in Sweden. Hope I don't miss the trade during the night.

beam

Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 31 KB
Sell stop @ 1.2142. Initial stop loss @ 1.2223.

Attached Image
We'll see how this trade go... but,

That is not a top. You are entering to early.

I'll comment on this specific trade once it ends.

(don't let this post distract you from your current trading attack plan)
Quoting CrucialPoint
That is not a top. You are entering to early.
I think you mean that the low of the last candle isn't below the low of the previous candle.

The attack plan is to let the sell stop get hit or, if the market goes higher than 1.2223, I'll cancel the orders.

beam
I'm assuming you entered into a sell because you can see a retracement.

According to the chart there is no retracement as of yet.

Sorry, let me explain what I was referring to "top":
"Top" top of the retracement
"Top" where you place your stop loss
"Top" Lowest high
Quoting CrucialPoint
I'm assuming you entered into a sell because you can see a retracement.
I can a possible retrace.

Quote
According to the chart there is no retracement as of yet.
I know. I placed my orders because I had to leave for work and it looked like it might end the retrace. If it didn't, I would only cancel the orders.

Quote
Sorry, let me explain what I was referring to "top":
"Top" top of the retracement
"Top" where you place your stop loss
"Top" Lowest high
I agree.

Beam
worthless comment

after 3 shots of petrone, severalm mixed drinks and beers, and a pack of cigarettes, this thred title made me laugh.

that is all. signing off.
Quoting beam
I can see a possible retrace.

I know. I placed my orders because I had to leave for work and it looked like it might end the retrace. If it didn't, I would only cancel the orders.
Ah I see.

That's what I wanted to point out. If there is no objective visible retracement/ or candlestick reversal patterns, then there should be no entry. Even if one think they can see a possible retracement, remember a classical advice "Trade what you see, not what you think."

If it was an order waiting to be triggered, then it should be ok. Yeah, I truly understand when one has to work or has other commitments. Its very tough.
Quoting tdion
worthless comment
after 3 shots of petrone, severalm mixed drinks and beers, and a pack of cigarettes, this thred title made me laugh.
that is all. signing off.


If you have nothing better to say, please don't say nothing at all.

Don't make yourself feel good at the expense of other people's emotion.
Initial stop changed to 1.2227.

beam
I canceled the orders. The market went the other way.

... so ... trade 20 is still pending, but a little more pending now...

beam
The market's now below the 1H MA's. Waiting for a retracement.
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