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My trading journey

  • #1,021
  • Nov 16, 2010 12:47am Nov 16, 2010 12:47am
Quoting MaMood
Equities (DAX/DOW) are not in sync with south for now
got it! thanks for info...

i'll wait for now...

sometimes having no position is also a position
Success consists of going from failure to failure without loss of enthusiam
  • #1,022
  • Nov 16, 2010 12:48am Nov 16, 2010 12:48am
Quoting MaMood
Phew - glad you have done that :-)

Edit: Sorry for stepping in and giving my unasked opinion here.
Do not want to confuse you.
Seems you are very on the ball with feeling the market already...
it's my honor my friend... i really appreciate everytime you give me your wisdom and outlook of the market...

cheers
Success consists of going from failure to failure without loss of enthusiam
  • #1,023
  • Nov 16, 2010 12:51am Nov 16, 2010 12:51am
coffee anyone?

eyeing for the right terrain to deploy scout... long?
Success consists of going from failure to failure without loss of enthusiam
  • #1,024
  • Nov 16, 2010 12:56am Nov 16, 2010 12:56am
Quoting dongsky
coffee anyone?

eyeing for the right terrain to deploy scout... long?
Yes please. Sugar only :-)

Waiting till Tokyo boys have finnished their position adjustment now.
In a few minutes things could become more clear ...
  • #1,025
  • Nov 16, 2010 1:25am Nov 16, 2010 1:25am
Quoting MaMood
Yes please. Sugar only :-)

Waiting till Tokyo boys have finnished their position adjustment now.
In a few minutes things could become more clear ...

yep you're right!... any minute now... still waiting
Success consists of going from failure to failure without loss of enthusiam
  • #1,026
  • Edited 2:08am Nov 16, 2010 1:33am | Edited 2:08am
scout deployed 3604

Cable not much surprise factor
long?

good EU

bx3x 3612
Success consists of going from failure to failure without loss of enthusiam
  • #1,027
  • Nov 16, 2010 4:20am Nov 16, 2010 4:20am
dollar bulls are resting
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Success consists of going from failure to failure without loss of enthusiam
  • #1,028
  • Nov 16, 2010 4:34am Nov 16, 2010 4:34am
squared...

dollar bears still strong...

flipped!!! sx1x 3614 - scout

edit: strong resistance 3620ish
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Success consists of going from failure to failure without loss of enthusiam
  • #1,029
  • Nov 16, 2010 4:46am Nov 16, 2010 4:46am
sx2x 3617

edit: whoopssie daisies...
Success consists of going from failure to failure without loss of enthusiam
  • #1,030
  • Nov 16, 2010 4:50am Nov 16, 2010 4:50am
careful, careful.
From my external point of view you need some more patience now.
Or a little break. See the danger of "overtrading" at the moment ....
  • #1,031
  • Nov 16, 2010 4:55am Nov 16, 2010 4:55am
Quoting MaMood
careful, careful.
From my external point of view you need some more patience now.
Or a little break. See the danger of "overtrading" at the moment ....
you're right there neils... i should be patient... i'll just finish this run and i'll call it a day...

Success consists of going from failure to failure without loss of enthusiam
  • #1,032
  • Nov 16, 2010 5:04am Nov 16, 2010 5:04am
squared!! -56 pips off to bed!
Success consists of going from failure to failure without loss of enthusiam
  • #1,033
  • Nov 16, 2010 5:07am Nov 16, 2010 5:07am
Quoting dongsky
squared!! -56 pips off to bed!
Rest well, my friend.
Tomorrow is another day for skinning the cat ;-)

Niels
  • #1,034
  • Nov 16, 2010 2:55pm Nov 16, 2010 2:55pm
Quoting MaMood
Rest well, my friend.
Tomorrow is another day for skinning the cat ;-)

Niels
good morning all!

hi neils, thanks... and yes today is another day...

before i start snipping... i just want to share to you my position since last night... i left 3 soldiers shorts...

eyeballing asian session... no life yet
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Success consists of going from failure to failure without loss of enthusiam
  • #1,035
  • Nov 16, 2010 3:03pm Nov 16, 2010 3:03pm
checking all daily, 4h and 1h TF - all is shouting bears!!!!

battle plan will be sell all rallies... but again, i have to wait until momentum is good...


edit: 3 kings in order... good trending will be expected...
Success consists of going from failure to failure without loss of enthusiam
  • #1,036
  • Nov 16, 2010 3:14pm Nov 16, 2010 3:14pm
just diversified my EU position ... left 1 scout... trailed stop +50 pips

sx1x 3485 - checker
Success consists of going from failure to failure without loss of enthusiam
  • #1,037
  • Nov 16, 2010 3:19pm Nov 16, 2010 3:19pm
Quoting dongsky
just diversified my EU position ... left 1 scout... trailed stop +50 pips
Hey good morning Eddy,

could please enlight me a little. I know diversifying is Graeme's wording. But do not know what is meant by it atm ...
  • #1,038
  • Nov 16, 2010 3:27pm Nov 16, 2010 3:27pm
Quoting MaMood
Hey good morning Eddy,

could please enlight me a little. I know diversifying is Graeme's wording. But do not know what is meant by it atm ...

Hi neils,

here's how i understand him...

when ridding a good trend and already enjoy say 100 pips... and you're still anticipating (based on hindsight) that it will still continue your direction... but then a reversal signs are showing and momentum slowing down...

what you need to do? we never kinow where the price is going...

so, times like this he urge people to diversify... to protect book.

diversify can be a lot of ways...

here's what i do:

1. i will close half of my exposure and let others to run until the market will prove me wrong... and trail stops - like if already advance by 100pips then move stop to +50... still have 50 pips for price to breath and play...

2. if base in experience you're confident that it is a reversal, so just maximize profit by just close all position and wait until the lady will show her hands again.

diversification is really good when in doubt, and stack position when permitted...

i hope it helps...

regards
Success consists of going from failure to failure without loss of enthusiam
  • #1,039
  • Nov 16, 2010 3:33pm Nov 16, 2010 3:33pm
Quoting dongsky
Hi neils,

here's how i understand him...

when ridding a good trend and already enjoy say 100 pips... and you're still anticipating (based on hindsight) that it will still continue your direction... but then a reversal signs are showing and momentum slowing down...

what you need to do? we never kinow where the price is going...

so, times like this he urge people to diversify... to protect book.

diversify can be a lot of ways...

here's what i do:

1. i will close half of my exposure and let others to run until the market will prove me...

Aaah ok, I see.
Thanx for explanation :-)
  • #1,040
  • Nov 16, 2010 4:11pm Nov 16, 2010 4:11pm
it start running now... start for a new leg down?

coffee time!
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Success consists of going from failure to failure without loss of enthusiam
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