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My trading journey

  • #981
  • Nov 14, 2010 5:43pm Nov 14, 2010 5:43pm
bulls still intact new high again!

this again prove newton's law of motion....

edit:

another new high mark!
Success consists of going from failure to failure without loss of enthusiam
  • #982
  • Nov 14, 2010 5:57pm Nov 14, 2010 5:57pm
squared all position @ 3739

bx1x 3690 = 49
bx1x 3725 = 14

total = 63

need to do some errands..
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Success consists of going from failure to failure without loss of enthusiam
  • #983
  • Nov 14, 2010 7:08pm Nov 14, 2010 7:08pm
just came back ... checking...

vega is not strong... not worth flipping...

i'll load some laundry first... and hopefully when i'm done a continuation signal will appear


edit: it's nearing S/R @ 3710ish... nimbleness is required!

northbound bus is very possible...
Success consists of going from failure to failure without loss of enthusiam
  • #984
  • Nov 14, 2010 7:35pm Nov 14, 2010 7:35pm
bears are coming strong...

they run with a very little retrace...
Success consists of going from failure to failure without loss of enthusiam
  • #985
  • Nov 14, 2010 7:40pm Nov 14, 2010 7:40pm
planted scout with cable
bx1x 6120

... to feel her real intent...
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Success consists of going from failure to failure without loss of enthusiam
  • #986
  • Nov 14, 2010 7:45pm Nov 14, 2010 7:45pm
wooppsie! go against me tsk!

it seems like i'm going against the trend... but it is because my main bias for the day is long the reason why i am always looking for long opportunity...

rescue if need be...

i knew it before that there would be a strong bears coming, and that's why i squared all my long positions and with the intention of flipping...

but clearly i didn't so, i want to be disciplined... when i'm long, then i really means business... i will stay long all the way...


edit:
we'll leave that flipping business to the expert for now
Success consists of going from failure to failure without loss of enthusiam
  • #987
  • Nov 14, 2010 7:51pm Nov 14, 2010 7:51pm
scout is under water...
Success consists of going from failure to failure without loss of enthusiam
  • #988
  • Edited 8:23pm Nov 14, 2010 8:08pm | Edited 8:23pm
getting ready for rescue calculating my average troops...

deployed rescue x2 x 6104

edit: waiting
Success consists of going from failure to failure without loss of enthusiam
  • #989
  • Nov 14, 2010 9:28pm Nov 14, 2010 9:28pm
Nice Dance buddy

It seem that u have assimilated Graeme & Fti methodology into your own X1 thing

Got a question for u buddy... When the bearish engulfing candle is developing during the uptrend... What is goin thru that trader's mindset of yours... Planning the rescue if so where would u be targeting it... Or kill the 3 soldiers becos that bearish candle could be the start of the next downtrend... Or u basically let the dust of stop sweeping settled down 1st & plan your next move

Would be good if u can share your though process for the benefits of those admirer of your (Me included )


Dance Well
"Thinking Heart & Feeling Brain"
  • #990
  • Nov 14, 2010 10:55pm Nov 14, 2010 10:55pm
Quoting Sylar
Nice Dance buddy

It seem that u have assimilated Graeme & Fti methodology into your own X1 thing

Got a question for u buddy... When the bearish engulfing candle is developing during the uptrend... What is goin thru that trader's mindset of yours... Planning the rescue if so where would u be targeting it... Or kill the 3 soldiers becos that bearish candle could be the start of the next downtrend... Or u basically let the dust of stop sweeping settled down 1st & plan your next move

Would be good if u can share your though...
hi philip,
which one you're refering to my friend...

cable entry was accidental... the reason for rescue on my position was of course to be able to bring the troubled scout with a little profit if not a very minimal damage...

in rescue... well this is very tricky... for me, when i do rescue (although very seldom) i have to see a reaction zone and have to wait patiently for other confirmation...

when i will be certain, then i will calculate how many soldiers i need to deploy in order to reach BE at a certain point.. (you can say target)

then i will just make a call...

remember, not all scenario can be rescued... if riding the wrong trend, then never hesistate to trigger stops.

you will need a crystal ball to pick tops or bottoms but for you to know that the minor trend is reversing you need to feel the pulse by using a scout and there will always be retracement or a retest to that reaction level... all you need to do is wait for the market to show her hands... that will show her genuine intent...

when you're on the right bus, then keep on stacking, whack it like crazy... but you should know when to get smart and stop (kill your troops! or bring them home alive!)

regards,


ps - rescue was successfull

squared positions @ 6125 (set limit on this level - 50% level)

bx1x 6120 = 5
bx2x 6102 = 46
total = 51pips
Success consists of going from failure to failure without loss of enthusiam
  • #991
  • Nov 14, 2010 11:14pm Nov 14, 2010 11:14pm
Quoting dongsky
squared position all position @ 3722... left scout (@ 3690)

b x1 x 3693 = 29
b x3 x 3702 = 60
b x1 x 3704 = 18

total = 107 pips

reason for diversification:

when it touches 3726 level (monthly S/R) it quickly bounces back... a strong resistance level...

i always respect a reaction zone...

sorry, what is "monthly S/R " ?
  • #992
  • Nov 14, 2010 11:42pm Nov 14, 2010 11:42pm
Hey Buddy

I was refer to post # 970

But your explaination more or less confirmed my own interpretation too

Be continue with your excellent journal.

Dance well mate
"Thinking Heart & Feeling Brain"
  • #993
  • Nov 15, 2010 1:07am Nov 15, 2010 1:07am
Quoting stone fx
sorry, what is "monthly S/R " ?
i always look for support/resistance area on 4h, daily, monthly and draw a line for future reference...

the next time the price will comeback to that level of reference i will take notice of its reaction & before...

it is for me an area of interest...
Success consists of going from failure to failure without loss of enthusiam
  • #994
  • Nov 15, 2010 4:01am Nov 15, 2010 4:01am
i'm whacking my lady...
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Success consists of going from failure to failure without loss of enthusiam
  • #995
  • Nov 15, 2010 4:09am Nov 15, 2010 4:09am
squared all position...

http://photos-b.ak.fbcdn.net/hphotos..._4193852_s.jpg
Success consists of going from failure to failure without loss of enthusiam
  • #996
  • Nov 15, 2010 4:44am Nov 15, 2010 4:44am
Quoting dongsky
i'm whacking my lady...
Wow - not bad.
So you have been stacking heavily around the 6054 area ....
Nice results.

Not sure about the arrows at the last top. Have you opened some shorts there, after you have closed your longs? If so that is very close to perfect then .....

Cu,
Niels
  • #997
  • Nov 15, 2010 5:07am Nov 15, 2010 5:07am
Quoting MaMood
Wow - not bad.
So you have been stacking heavily around the 6054 area ....
Nice results.

Not sure about the arrows at the last top. Have you opened some shorts there, after you have closed your longs? If so that is very close to perfect then .....

Cu,
Niels
it looks like stacking but actually just trying to prove some laws of physics here my friend...

since i can feel it's bears moment so i tried to sell on every rallies...

it will really need a strong force to slow down an object in motion... and plentiful of strong forces for it to halt... and plenty more to make it reverse... for a main trend that is.

regards,
Success consists of going from failure to failure without loss of enthusiam
  • #998
  • Nov 15, 2010 5:18am Nov 15, 2010 5:18am
Nicely done Dongsky

Personally I find it rather hard to trade GU.

Been trading it for a while and it seems this crazy lady is easy to rescure, but when I get off-guard she slaps me as if I was her bitch...
Life is a school for the soul
  • #999
  • Nov 15, 2010 5:19am Nov 15, 2010 5:19am
majors a bit choppy now and messy to look ...

3 kingdoms again not in sync....

quite a difficult terrain to explore...

bringing all scouts back home... some managed to get back home safe and some died...

that's it for me now...

signing off...
Success consists of going from failure to failure without loss of enthusiam
  • #1,000
  • Nov 15, 2010 5:24am Nov 15, 2010 5:24am
Quoting esuffw
Nicely done Dongsky

Personally I find it rather hard to trade GU.

Been trading it for a while and it seems this crazy lady is easy to rescure, but when I get off-guard she slaps me as if I was her bitch...

Hi esuwf,

Cable is not my first lady, it's Euro. i have several good trades this morning during asian session but i just wanna try and explore GU pair on london open... actually i had few position with other majors too...

over all is a good day for me... book is up again and that's all that matter for me...

everytime i trade GU, i always need to be nimble... as you have said it right, it will just slap you from behind

i always let my lady show me her hands...

regards,
Success consists of going from failure to failure without loss of enthusiam
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