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My trading journey

  • #1,501
  • Nov 28, 2010 7:26pm Nov 28, 2010 7:26pm
not a good area to attack... not just yet...
Success consists of going from failure to failure without loss of enthusiam
  • #1,502
  • Nov 28, 2010 7:32pm Nov 28, 2010 7:32pm
bring home scout... 3180

bx1x3182... scout flip!!!
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Success consists of going from failure to failure without loss of enthusiam
  • #1,503
  • Nov 28, 2010 7:41pm Nov 28, 2010 7:41pm
bx3x3194
Success consists of going from failure to failure without loss of enthusiam
  • #1,504
  • Edited 8:17pm Nov 28, 2010 7:51pm | Edited 8:17pm
Quoting maxxtrader
Thanks for all the great advice Eddy!!!

When you have time maybe you can elaborate on what helps you determine your overall bias, I have problems with this because I can make a case for both directions most of the time, it just depends how you look at the charts and how far back you want to take trend lines.

This is my biggest problem right now.

Thanks again,

Marc
Hi Marc,
i'm not the expert... actually my bias is always base on my hidsight from a higher time frame... say daily... but it's only a bias and not enough to call a trade.

but with a rough idea of the market's direction on higher time frame... then i already have a slight clue of more or less where the market is heading...

with the aid of lower time frame like 4h and 1h will tell me what is the market like currently and how's her behaviour... once i get a feeling of her direction... then and only then i will deploy a scout to pulse her and to get confirmation...

and once on the right trend... then i will deploy attack... according to my mm... and i will spiral skews...

when on full attack... always look and observe the terrain very close... once price starts to slow down, and the terrain looks odd... then i always scale down my exposure....

... i always ask myself... "do i have to stay with this position?"... i always look for good reason to stay longer... with my exposure... if in doubt... i normally cut down my positions...

... trail stop to my scout and move to BE or a little profit will do...

nothing will make you a better trade than spending more and more screen time... the more time you spend staring on your chart... the better you will have a good feel of the market and ... you will start to familiarize with her behaviour and movement...

... just always be aware of any fig releases... if it's kinda major releases then better off to stay on the sidelines and wait until market start to calm down...

bar or candlestick patterns really gives you extra edge in this business...

focus on supply and demand... see how prices reacts on a major or minor supply and demand zone...

... prings peak & through is a gold mine...

... but if you don't know how to or where to find trend... then you're really in big trouble... my friend...



... i'll talk more later... still busy... needs to attack some more

..................
bx3x3204
bx1x3207
bx3x3212
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Success consists of going from failure to failure without loss of enthusiam
  • #1,505
  • Nov 28, 2010 8:18pm Nov 28, 2010 8:18pm
squared ...3220

L5 bx3x3212
L4 bx1x3207
L3 bx3x3204

L2 bx3x3194
L1 bx1x3182 scout
201pips

............
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Success consists of going from failure to failure without loss of enthusiam
  • #1,506
  • Nov 28, 2010 8:25pm Nov 28, 2010 8:25pm
i'll be right back!!!
Success consists of going from failure to failure without loss of enthusiam
  • #1,507
  • Nov 28, 2010 9:57pm Nov 28, 2010 9:57pm
nearing a good reaction area...

sx1x3242 scout
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Success consists of going from failure to failure without loss of enthusiam
  • #1,508
  • Nov 28, 2010 10:03pm Nov 28, 2010 10:03pm
sx2x3236...
Success consists of going from failure to failure without loss of enthusiam
  • #1,509
  • Nov 28, 2010 10:08pm Nov 28, 2010 10:08pm
Helo dongsky...


have been following your thread for a while now..the way you predict the market is absolutely amazing...learning lot from u....i know you a busy man,,..
but still plz dont stop posting mate,.,.,,,for a noob like me your materials are
like a nectar....please dont stop

thanks mate...will keep looking for your new posts...

and if you can post your entry and exit points...i will try to take a positon at that time...and see for myself how it goes...let me feel her too...thanks mate...
  • #1,510
  • Nov 28, 2010 10:16pm Nov 28, 2010 10:16pm
Thanks mate...will close my eyes and follow your orders mate,,,thanks once again

Quoting dongsky
good to hear that you're doing well george, just becareful with your scorpions... take a small win and work your way up... and that will build you confidence... once have it... the more better trades will come to you.

goodluck!
  • #1,511
  • Nov 28, 2010 10:32pm Nov 28, 2010 10:32pm
Quoting georgecv87
Helo dongsky...


have been following your thread for a while now..the way you predict the market is absolutely amazing...learning lot from u....i know you a busy man,,..
but still plz dont stop posting mate,.,.,,,for a noob like me your materials are
like a nectar....please dont stop

thanks mate...will keep looking for your new posts...

and if you can post your entry and exit points...i will try to take a positon at that time...and see for myself how it goes...let me feel her too...thanks mate...
hey george... good to see you again here...

... just one thing i need to clarify with you my friend... i am trying all my best not to predict the market's direction... but instead i just dance with her...

i'll try to post my trades as much as i could...

regards

.............

sx3x3230
Success consists of going from failure to failure without loss of enthusiam
  • #1,512
  • Nov 28, 2010 10:36pm Nov 28, 2010 10:36pm
Quoting georgecv87
Thanks mate...will close my eyes and follow your orders mate,,,thanks once again
hey george... be carefull... don't follow me blindly... this is not a trading advice... you can use my journal as reference but don't use it as your trade calls...

if you're not sure of what you're doing... better don't.

give yourself an ample time to grow... learn and study ... TAF is a good place for you to park...

be good...
Success consists of going from failure to failure without loss of enthusiam
  • #1,513
  • Nov 28, 2010 11:20pm Nov 28, 2010 11:20pm
Quoting dongsky
hey george... be carefull... don't follow me blindly... this is not a trading advice... you can use my journal as reference but don't use it as your trade calls...

if you're not sure of what you're doing... better don't.

give yourself an ample time to grow... learn and study ... TAF is a good place for you to park...

be good...
i know what you mean mate,,,thanks for replying mate,,much appreciated...i'm following TAF very carefully...im carrying the copies even when im with my girl...lol..
she is kinda pissed off about it...hahaha
  • #1,514
  • Nov 28, 2010 11:47pm Nov 28, 2010 11:47pm
does it look like a h&s??? we'll just be nimble...
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Success consists of going from failure to failure without loss of enthusiam
  • #1,515
  • Nov 29, 2010 12:20am Nov 29, 2010 12:20am
whooaaa!!!... just away for a sce... now it all against me...

Success consists of going from failure to failure without loss of enthusiam
  • #1,516
  • Nov 29, 2010 12:24am Nov 29, 2010 12:24am
Dongsky,

if you draw 4H chart on EU, it may have hit the support line after a potential false break.
The trend reversal on longer TF not yet confirmed but the GU gives more clue of potential bullish rebound.
  • #1,517
  • Nov 29, 2010 12:31am Nov 29, 2010 12:31am
The US$ index is sitting at resistance line.
Potential rebound in GU and EU.
http://img221.imageshack.us/img221/6...28usdollar.png
  • #1,518
  • Nov 29, 2010 12:37am Nov 29, 2010 12:37am
Quoting justht
The US$ index is sitting at resistance line.
Potential rebound in GU and EU.
http://img221.imageshack.us/img221/6...28usdollar.png
... and that's what i say a good news... to my underwater troops... just bitting the bullets...
Success consists of going from failure to failure without loss of enthusiam
  • #1,519
  • Edited 1:25am Nov 29, 2010 12:42am | Edited 1:25am
Quoting justht
Dongsky,

if you draw 4H chart on EU, it may have hit the support line after a potential false break.
The trend reversal on longer TF not yet confirmed but the GU gives more clue of potential bullish rebound.

i have major s/r lines on my daily and 4h... but it's all pointing down...

here's my 4h... plotted with weekly, daily and 4h reaction zones...

i've been eyeing all grounds... atm...


............sx3x3241


squared...3234

sx1x3242
sx2x3236
sx3x3230
sx3x3241
21pips
Attached Image (click to enlarge)
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Success consists of going from failure to failure without loss of enthusiam
  • #1,520
  • Nov 29, 2010 12:48am Nov 29, 2010 12:48am
Quoting dongsky
i have major s/r lines on my daily and 4h... but it's all pointing down...

here's my 4h... plotted with weekly, daily and 4h reaction zones...

i've been eyeing all grounds... atm...


............sx3x3241
Yes, the 4H is still pointing down.
The trend not yet reversed however I was just looking at potential support for EU. Maybe I need to include 4H S/R in my chart as well
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