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My trading journey

  • #1,281
  • Nov 19, 2010 3:32am Nov 19, 2010 3:32am
Quoting dongsky
i feel i am very rigid at the moment... i can sense my egor is taking over me... twice my inner self was shouting to square.. but still i did not...

if this run will still be a failed dip, then i will square...

hey niels, don't you think we're kinda rigid at the moment??? momentum, volatility, direction... impluse swing... all key ingredient for a good trend is very obvious but what i am doing now...



just lucky i earned foreign cap early this week... bloody hell

my avg now -82

Hmmmh - good input. Was thinking along the same line for the past 30 minutes. But I have a strong "feeling", that we might be close to the top. M15 at least gives me some support for this view now. But that should not influence you, cause you are strong exposed to the market atm.

You should define a level for flipping or biteing the bullet in combination with the momentum you would like to see. If it will be reached stick to your decision with out hesitation. No need to throw your profits back to the market ....

But that is a difficult decision, I know ....
  • #1,282
  • Nov 19, 2010 3:38am Nov 19, 2010 3:38am
There is some chance that M5 turns out to become a S-H-S formation. If so your BE is still in the cards ...
  • #1,283
  • Nov 19, 2010 3:40am Nov 19, 2010 3:40am
But why not reducing yiur exposure right now and start some attacks, when momentum is increasing again? But for now I would consider the M1 chart. As lonf as we see no mini reversal, let it float down ...
Attached Image
  • #1,284
  • Nov 19, 2010 3:43am Nov 19, 2010 3:43am
Quoting MaMood
Hmmmh - good input. Was thinking along the same line for the past 30 minutes. But I have a strong "feeling", that we might be close to the top. M15 at least gives me some support for this view now. But that should not influence you, cause you are strong exposed to the market atm.

You should define a level for flipping or biteing the bullet in combination with the momentum you would like to see. If it will be reached stick to your decision with out hesitation. No need to throw your profits back to the market ....

But that is a difficult decision,...
my lady just slapped me big time for being so stupid... lesson learned...

but it didn't really affect me much... although money lost is...

i still feel dollar bulls all the way... but still need to be nimble...

you said it right... shit happens!!!
Success consists of going from failure to failure without loss of enthusiam
  • #1,285
  • Nov 19, 2010 3:44am Nov 19, 2010 3:44am
Quoting MaMood
There is some chance that M5 turns out to become a S-H-S formation. If so your BE is still in the cards ...
i was eyeballing too... and it just break the neckline of 3695ish... more reason to hold....
Success consists of going from failure to failure without loss of enthusiam
  • #1,286
  • Nov 19, 2010 3:46am Nov 19, 2010 3:46am
Quoting MaMood
But why not reducing yiur exposure right now and start some attacks, when momentum is increasing again? But for now I would consider the M1 chart. As lonf as we see no mini reversal, let it float down ...

like you, i learn to reference with 1m TF now to scale down my exposure... just waiting for a bounce to deploy more rescue attacks to make this battle shorter for me....

waiting for a small correction to do more attacks... if time permits me...
Success consists of going from failure to failure without loss of enthusiam
  • #1,287
  • Nov 19, 2010 3:53am Nov 19, 2010 3:53am
That is the chart I'm focussing on atm

We are below 3700. (Thick blue line)
We are below Pivot R1 (blue dotted line)
We are below hourly trand (orange line)
We are in the lower half of bollinger channel.

Wait till somethin is braeking at the upside again ...
Attached Image
  • #1,288
  • Nov 19, 2010 3:56am Nov 19, 2010 3:56am
Quoting MaMood
That is the chart I'm focussing on atm

We are below 3700. (Thick blue line)
We are below Pivot R1 (blue dotted line)
We are below hourly trand (orange line)
We are in the lower half of bollinger channel.

Wait till somethin is braeking at the upside again ...

meaning... you're waiting for a retest to the upside to flip if it breaks and bear mode if not?
Success consists of going from failure to failure without loss of enthusiam
  • #1,289
  • Nov 19, 2010 3:57am Nov 19, 2010 3:57am
squared... 3689
-78pips
Success consists of going from failure to failure without loss of enthusiam
  • #1,290
  • Nov 19, 2010 4:04am Nov 19, 2010 4:04am
Quoting dongsky
squared... 3689
-78pips
Respect - you have bailed you out of this hole and have made a proper decision. Call it a day for now and start with your weekend ..
I guess your week balance is still in porfit.

Forget that crazy FX stuff till monday!
  • #1,291
  • Nov 19, 2010 4:07am Nov 19, 2010 4:07am
Quoting MaMood
Respect - you have bailed you out of this hole and have made a proper decision. Call it a day for now and start with your weekend ..
I guess your week balance is still in porfit.

Forget that crazy FX stuff till monday!
advice is taken...

i'll be on the sideline for now... and sitting on my fingers

foreign caps still intact and heavy...

but dollar bears are here... what should i do when they come...

we'll find out... when it comes...
Success consists of going from failure to failure without loss of enthusiam
  • #1,292
  • Nov 19, 2010 4:12am Nov 19, 2010 4:12am
Hey, your biteing the bullet timing was really good!
The next run may have started already.

Not sure if I'll start another rescue for my scout.
My time window is closing due to family lunch in 17 minutes.
Guess I'll stop trading for now.
Will be back around NY opening then.

Cu,
Niels
  • #1,293
  • Nov 19, 2010 4:28am Nov 19, 2010 4:28am
We are coming closer to decison for 3 reasons:

1. The the chart below.
2. Panel discussion with Trichet and Bernanke is going to start in 15 minutes
3. I have to leave now. And most major moves are heppening when I'm not at my battlestaions ....

,
Attached Image
  • #1,294
  • Edited 4:53am Nov 19, 2010 4:34am | Edited 4:53am
i know the bears are here... they're rushing in now...
or maybe just anticipation of the speech...

... i don't know what's just had happened...

i was wrong.... my bad...

that long wick there showing bear power... but over run by bulls...
so we should consider bears now?

be nimble... and sharp... fridays... sometimes price can swing wildly from nowhere without any warnings...


i was looking at the footprints of EU 5m TF...
i realize how blinded i was with my egor... had seen a lot of long opportunities... but not focus on those opportunities instead rigidity prevails... only vengeful thinking...

but it's too late now to have long position...
Success consists of going from failure to failure without loss of enthusiam
  • #1,295
  • Nov 19, 2010 4:57am Nov 19, 2010 4:57am
i remember fti said before that on a high volatility situation... we should tighten our exposure and skews... and the opposite is true on a volatile period...

... and i go against that principle...


listen... bear is making a statement
Success consists of going from failure to failure without loss of enthusiam
  • #1,296
  • Nov 19, 2010 5:02am Nov 19, 2010 5:02am
The reason for that strong swings: China rate hike 30 minutes ago ...
Back to lunch again ...
  • #1,297
  • Nov 19, 2010 5:30am Nov 19, 2010 5:30am
Quoting MaMood
The reason for that strong swings: China rate hike 30 minutes ago ...
Back to lunch again ...
now i get it thanks for enlightening my brain... enjoy lunch!

hey niels, you have a good news feed provider... i'm thinking to subscribe...
Success consists of going from failure to failure without loss of enthusiam
  • #1,298
  • Nov 19, 2010 5:55am Nov 19, 2010 5:55am
Hi Eddie, looks like Niels is the only one to make money today. I got into trouble around the 1.3650 area. After yesterday's loss I did not want to make things worst with a bad rescue so I pulled the plug when down $300 Its Friday and can move quickly in any direction and my timing is out, so I going to have a good break. I am even thinking not to trade for the early part of next week to get out of this losing cycle. All the best to the both of you if you are going to trade the NY session. Ray
  • #1,299
  • Nov 19, 2010 6:04am Nov 19, 2010 6:04am
Eddy take a break from the kingdom... Your campaign this week has taken its toll on you. Ultimately u still emerged Winner and your foreign capital has increased

Just had dinner with a good mate of mine, a stock trader with one of the securities firm her in SG. He was sharing with me another interesting twist to the intermarket relationship in the Asian session i.e. Hang Seng Stock Index (HSSI)

EU has a strong postive corelationship to HSSI even stronger than Nikkei...

Some pips for thoughts Niels
"Thinking Heart & Feeling Brain"
  • #1,300
  • Nov 19, 2010 6:21am Nov 19, 2010 6:21am
Quoting Sylar
[...]

Some pips for thoughts Niels
Hi Philip,

cool info. Thanx!
Will give it a try on monday.

Basically I'm focussed on the DOW future, because it is traded 24x5. It reflects all relevant moves of relevant regional markets. But in London Session I complement it with DAX. MAybe I'll complement it with HangSeng during Asian session ...
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