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My trading journey

  • #1,801
  • Dec 7, 2010 1:57am Dec 7, 2010 1:57am
bx2x3330
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Success consists of going from failure to failure without loss of enthusiam
  • #1,802
  • Dec 7, 2010 2:00am Dec 7, 2010 2:00am
Quoting dongsky
... how did you know that "most movements are fake"?... you must be a very experienced trader... won't you mind sharing your thoughts...
This is not that I know by absolute term but through personal observation (i'm still novice in fx).
I've observed that prior London open market is usually ranging (pardon me, if I said, fake move). As you can observe today and yesterday the initial strong trend only last a few bars and than retraced back to the range.

But when the trend starts during London hour.. the move usually forms into real trend (such as yesterday's strong bear move).
  • #1,803
  • Dec 7, 2010 2:04am Dec 7, 2010 2:04am
Quoting justht
This is not that I know by absolute term but through personal observation (i'm still novice in fx).
I've observed that prior London open market is usually ranging (pardon me, if I said, fake move). As you can observe today and yesterday the initial strong trend only last a few bars and than retraced back to the range.

But when the trend starts during London hour.. the move usually forms into real trend (such as yesterday's strong bear move).
... so very true, that's the reason why i prefer dancing during london open and until a little overlap with new york open...

but i do dance with asian session too... when volatiliy is good...
Success consists of going from failure to failure without loss of enthusiam
  • #1,804
  • Dec 7, 2010 2:05am Dec 7, 2010 2:05am
hey heri, do you have an exposure???
bx5x3345
Success consists of going from failure to failure without loss of enthusiam
  • #1,805
  • Dec 7, 2010 2:07am Dec 7, 2010 2:07am
from my experience... when market is volatile... then just dance... don't predict the market...

remember, rigidity kills... your account that is....

and learn from your mistakes...
Success consists of going from failure to failure without loss of enthusiam
  • #1,806
  • Dec 7, 2010 2:09am Dec 7, 2010 2:09am
scale down... L2 closed ..3363
scout still in...
90pips
Success consists of going from failure to failure without loss of enthusiam
  • #1,807
  • Dec 7, 2010 2:12am Dec 7, 2010 2:12am
bring back scout... 3366
72pips
Success consists of going from failure to failure without loss of enthusiam
  • #1,808
  • Dec 7, 2010 2:12am Dec 7, 2010 2:12am
Quoting dongsky
hey heri, do you have an exposure???
bx5x3345
I don't have any exposure.. I'm observing the dance.
You're amazing.. even in ranging market you can make pips
  • #1,809
  • Dec 7, 2010 2:14am Dec 7, 2010 2:14am
i don't want to be greedy... need to pull out troops because it's too steep now... i will look for another better entry...

... situation like this, a re-entry is good idea...
Success consists of going from failure to failure without loss of enthusiam
  • #1,810
  • Dec 7, 2010 2:16am Dec 7, 2010 2:16am
Quoting justht
I don't have any exposure.. I'm observing the dance.
You're amazing.. even in ranging market you can make pips
as i had shown you last night...

remember what i told you... even in a rangng market you can be fair with your profit... once you know how many pips range bound... then you play with a correct skew... then dance your plan according to your MO...

... did you get my drift now?
Success consists of going from failure to failure without loss of enthusiam
  • #1,811
  • Dec 7, 2010 2:21am Dec 7, 2010 2:21am
... i believe the end of my journal is nearing now...

i cannot find anymore reason for me to post my trades live... this has already served its purpose...

Success consists of going from failure to failure without loss of enthusiam
  • #1,812
  • Dec 7, 2010 2:27am Dec 7, 2010 2:27am
short scout deployed...

sx1x3369
...
sx3x3362
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Success consists of going from failure to failure without loss of enthusiam
  • #1,813
  • Dec 7, 2010 2:34am Dec 7, 2010 2:34am
sx3x3353
Success consists of going from failure to failure without loss of enthusiam
  • #1,814
  • Dec 7, 2010 2:50am Dec 7, 2010 2:50am
Quoting dongsky
as i had shown you last night...

remember what i told you... even in a rangng market you can be fair with your profit... once you know how many pips range bound... then you play with a correct skew... then dance your plan according to your MO...

... did you get my drift now?
more practice required
  • #1,815
  • Dec 7, 2010 2:55am Dec 7, 2010 2:55am
wow kabayan! very impressive dancing! what made you pull the trigger on the short side?

Thanks!
  • #1,816
  • Edited 3:49am Dec 7, 2010 2:57am | Edited 3:49am
scaling down... L2&L3 closed ..3332
150pips
Success consists of going from failure to failure without loss of enthusiam
  • #1,817
  • Dec 7, 2010 3:02am Dec 7, 2010 3:02am
bring back scout... 3338

39pips
.........
here's my current record with the challenge...
i tried hard to trim down my skew... and change my dance a little bit relax... hoping that i can hit a good standard deviation ... and will improve my over all performance...
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Success consists of going from failure to failure without loss of enthusiam
  • #1,818
  • Dec 7, 2010 3:05am Dec 7, 2010 3:05am
Quoting eraptheman
wow kabayan! very impressive dancing! what made you pull the trigger on the short side?

Thanks!
if you zoomed out your chart you can see that it's testing the previous supply/.demand zone (s/r) and i can feel the bulls is slowing down...

to feel the market's pulse... then i had to deploy short scout... when confirmed... attack mode...
Success consists of going from failure to failure without loss of enthusiam
  • #1,819
  • Dec 7, 2010 3:06am Dec 7, 2010 3:06am
okay no more trade for me... that's it...

i'll be on the sideline... and wait for a surprise factor... and maybe i'll open some exposure again...

bt for now... just watching
Success consists of going from failure to failure without loss of enthusiam
  • #1,820
  • Dec 7, 2010 3:07am Dec 7, 2010 3:07am
whoever missed the bus... it's the right time to enter now...just my view...
Success consists of going from failure to failure without loss of enthusiam
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