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My trading journey

  • #3,061
  • Jun 3, 2011 12:22am Jun 3, 2011 12:22am
Quoting niksan
yesterday was an amazing rally. I started with shorts but could recover by applying a rescue. Could not get back everything but managed to save some
yesterday??? i dunno what happened... but if you're caught on the wrong side... impossible to rescue...

i burnt few good men on the early run... but managed to ride the rally after breaking out 1.4400 level to the upside... it proves to me that it was a strong move...

let's see what market will bring to us... we need to be nimble...

yesterday... taught me humility again always never too late to say next!!!
Success consists of going from failure to failure without loss of enthusiam
  • #3,062
  • Jun 3, 2011 12:33am Jun 3, 2011 12:33am
checking daily... strong resistance at 1.4500 possible corrective move or reversal...

checking 4hourly...

a strong bounce/ rejection at the 4515-4500 level... a good indication of bear pressure...



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checking hourly....

i seems to me... a corrective move is approaching... a potential reversal too... but since us and euro are both in hot water at the moment... so difficult to tell... best is to follow the market...

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...........

at 15 minutes... more clearer... but still, the market maker got the last say... in my experience... they normally fade to the opposite direction to buildup suckers before going to the opposite where their intended direction would be...

i will be opting for shorts... but i will be expecting a fade move to the upside... it may or may not happen... but short is the best opt at the moment...

lets dance!

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Success consists of going from failure to failure without loss of enthusiam
  • #3,063
  • Jun 3, 2011 1:12am Jun 3, 2011 1:12am
Quoting dongsky
yesterday??? i dunno what happened... but if you're caught on the wrong side... impossible to rescue...

i burnt few good men on the early run... but managed to ride the rally after breaking out 1.4400 level to the upside... it proves to me that it was a strong move...

let's see what market will bring to us... we need to be nimble...

yesterday... taught me humility again always never too late to say next!!!
I was on the wrong side but I tried to follow the MM and was not too much exposed. So I decided to wait till it calms down which means i was in the trade for hours..till late in the night and after it touched 4480 and retraced then I got in the rescue. LOL .. I know this is not the right way... but there was no chance for rescue till it went upto 4480 in the first leg since the momentum was so strong! I wish I was on the right side...
  • #3,064
  • Jun 3, 2011 3:03am Jun 3, 2011 3:03am
Quoting niksan
I was on the wrong side but I tried to follow the MM and was not too much exposed. So I decided to wait till it calms down which means i was in the trade for hours..till late in the night and after it touched 4480 and retraced then I got in the rescue. LOL .. I know this is not the right way... but there was no chance for rescue till it went upto 4480 in the first leg since the momentum was so strong! I wish I was on the right side...
... if you're caught again on the wrong course next time... don't hesitate to terminate all your exposures... i know from my experience... that's the hardest part of our scorpions... to admit we're wrong...

... and we're dancing 5 minutes... just imagine if we're dancing 1 hour chart... it could be days or weeks or probably months

be good!
Success consists of going from failure to failure without loss of enthusiam
  • #3,065
  • Edited 4:04am Jun 3, 2011 3:43am | Edited 4:04am
sx2x4487 eu

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.........

sx3x4496 eu

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.......

we'll see how good bears are now...

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Success consists of going from failure to failure without loss of enthusiam
  • #3,066
  • Jun 3, 2011 4:20am Jun 3, 2011 4:20am
volatility is good...

sx3x4500 eu

we'll see now...

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Success consists of going from failure to failure without loss of enthusiam
  • #3,067
  • Jun 3, 2011 4:29am Jun 3, 2011 4:29am
... it takes a little while for those bulls to change costumes ...

soon they will all be bears... waiting
Success consists of going from failure to failure without loss of enthusiam
  • #3,068
  • Jun 3, 2011 4:51am Jun 3, 2011 4:51am
aren't they here yet???

now let's be nimble...

sx3x4487 eu

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Success consists of going from failure to failure without loss of enthusiam
  • #3,069
  • Jun 3, 2011 5:01am Jun 3, 2011 5:01am
looks like hunting stops again?
Success consists of going from failure to failure without loss of enthusiam
  • #3,070
  • Jun 3, 2011 5:03am Jun 3, 2011 5:03am
Quoting dongsky
aren't they here yet???

now let's be nimble...

sx3x4487 eu

Attachment
dongsky do you wait for close of candle to add troops or is that a feel?
  • #3,071
  • Jun 3, 2011 5:06am Jun 3, 2011 5:06am
Quoting kingjames
dongsky do you wait for close of candle to add troops or is that a feel?
not really... monitoring 5 minutes... i normally tmed my entries with 1 minute tf... so there's no need to wait for 5 min close

... so when trouble arises at 5min... i normally look for good levels and timed it with 1 minute to align exit or entry for rescue...


... and of course base on feel...
Success consists of going from failure to failure without loss of enthusiam
  • #3,072
  • Jun 3, 2011 5:07am Jun 3, 2011 5:07am
Quoting dongsky
not really... monitoring 5 minutes... i normally tmed my entries with 1 minute tf... so there's no need to wait for 5 min close

... so when trouble arises at 5min... i normally look for good levels and timed it with 1 minute to align exit or entry for rescue...
Thanks
  • #3,073
  • Jun 3, 2011 5:11am Jun 3, 2011 5:11am
... they're shaking the troubled and weak bears... be carefull...

still very bearish to me

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Success consists of going from failure to failure without loss of enthusiam
  • #3,074
  • Edited 5:57am Jun 3, 2011 5:20am | Edited 5:57am
... could it be a new leg for bears??? dunno

scaling down exposure... 1.4486

that i can stretch my leg again... need coffee...

nimble!!!

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...........




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squared!!! 1.4488...
Success consists of going from failure to failure without loss of enthusiam
  • #3,075
  • Jun 6, 2011 4:14am Jun 6, 2011 4:14am


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.......
Success consists of going from failure to failure without loss of enthusiam
  • #3,076
  • Jun 6, 2011 4:17am Jun 6, 2011 4:17am
...........
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.........
squared 4650

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Success consists of going from failure to failure without loss of enthusiam
  • #3,077
  • Jun 6, 2011 4:24am Jun 6, 2011 4:24am
Hi dongsky.
Same action here... squared at 4650.
  • #3,078
  • Jun 6, 2011 4:27am Jun 6, 2011 4:27am
Quoting Jupiter
Hi dongsky.
Same action here... squared at 4650.

you're the man!
Success consists of going from failure to failure without loss of enthusiam
  • #3,079
  • Jun 6, 2011 4:31am Jun 6, 2011 4:31am
What do you think?
There's a red doji on the daily...
  • #3,080
  • Jun 6, 2011 4:34am Jun 6, 2011 4:34am
Quoting Jupiter
What do you think?
There's a red doji on the daily...
don't be rigid in thinking... just follow her... yes there's an indicision candle at the last swing high... so what is that telling you ???

so now let's be nimble... i can feel it will be re-testing previous swing low... and let's decide at that area or level... surely... she will show her hands

let's feel her...

..... it feels like an impulsive swing this one...

still retesting though...
Success consists of going from failure to failure without loss of enthusiam
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