Thanks for all the comments, they are appreciated.
Ifmyante, I missed that trendline, I will look out for them in the future, it gave fantastic confirmation. Would you have entered there without any PA?
Regards
If
- #19,001
- Jun 8, 2011 6:29am Jun 8, 2011 6:29am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
If
- #19,008
- Jun 8, 2011 8:14am Jun 8, 2011 8:14am
support and trend line ll make it mostly go up..But am afraid of the news in 15 minutes 
..lets hope for d best
..lets hope for d best i also am seeing this one but i would be very cautious about taking this trade. there is support there and strong trendline.
well, the market is strange today. it just doesnt feel right lol.
Trading is all about probability, low risk/high reward ,buy low/sell high
- #19,009
- Jun 8, 2011 8:49am Jun 8, 2011 8:49am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
very informative chart...
thanks
Looking back, it truly was a cluttered chart
Here's a clearer chart
Bought Loonie at 97.65
PA for exit
- #19,010
- Jun 8, 2011 9:08am Jun 8, 2011 9:08am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
2 Scalps:
sp500 based on 1minute demand and tickchart data
Crude: Bought the flag, midrisk trade because there really wasnt a lot to support it other than the abyssmal amount of buyers dominating the market right now
Closed SP500 for 7 ticks btw
EDIT: closed crude for 39
sp500 based on 1minute demand and tickchart data
Crude: Bought the flag, midrisk trade because there really wasnt a lot to support it other than the abyssmal amount of buyers dominating the market right now
Closed SP500 for 7 ticks btw
EDIT: closed crude for 39
- #19,011
- Jun 8, 2011 9:21am Jun 8, 2011 9:21am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
You need to look at perhaps a 15minute chart to see the price action that im seeing, this is not a low risk trade, this is a mid risk trade because of its location, but im betting on an early turning point here, might be paid off
Coffee is always a good investment thanks to hipster movies, teenage morons and wanna be artists who spend their times in cafes and starbucks instead of doing something useful with their life.
Enjoy
EDIT:
LoL sorry this shit just jumped up so fast, just switched back to mt4 and BAM.... gotta love Price action...
Edit: closed +90, could have held it for longer though.... =/
- #19,013
- Jun 8, 2011 9:25am Jun 8, 2011 9:25am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
Just closed most of this long, leaving a small runner.
- #19,018
- Jun 8, 2011 12:22pm Jun 8, 2011 12:22pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I only have time to trade two sessions per week, but I didn't take any trades today because I didn't see anything I liked enough.
When I first started trading before I joined OTA, I had to be in the market all the time. I felt that if I wasn't in the market, I had this feeling that I would miss out. Actually there is a fellow OTA student that I see during our monthly Grad Club meet that still has to be in the market at all times and he can't seem to 'let go'.
Since the end of 2010, I don't trade certain days such as public holidays, most Fridays and if I am not in the market, then I don't have this feeling amymore that I have to be in it... I have learned to 'let go'.
I think this is quite a common feeling for new traders. If you are one of these people, take a step back, recognise and address. It will be an enlightening experience!
My last runner on EU got stopped out today at +68 pips and no new positions today.
Today is a day I didn't trade either for various reasons and I don't feel like I missed anything, even that oil move. I hope some of you got that oil... awesome move!
Wishing all success with your trades!
- #19,019
- Jun 8, 2011 12:23pm Jun 8, 2011 12:23pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Took this last night before I went to bed. Long off the hourly demand. Woke up happy
http://www.hotstockmarket.com/image/...t/500/flags/LL
When I first started trading before I joined OTA, I had to be in the market all the time. I felt that if I wasn't in the market, I had this feeling that I would miss out. Actually there is a fellow OTA student that I see during our monthly Grad Club meet that still has to be in the market at all times and he can't seem to 'let go'.
Since the end of 2010, I don't trade certain days such as public holidays, most Fridays and if I am not in the market, then I don't have this feeling amymore that I have to be in it... I have learned to...
BTW whats OTA?