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  • #521,641
  • Aug 12, 2011 9:25am Aug 12, 2011 9:25am
Quoting needpips
15 min looks to wanna go north....bottom out 4211...then the move....hmmmmmm
going a little lower me thinks. watching.
  • #521,642
  • Aug 12, 2011 9:25am Aug 12, 2011 9:25am
Quoting sofia101
Good morning all)
good morning
Mohan
  • #521,643
  • Aug 12, 2011 9:25am Aug 12, 2011 9:25am
Quoting sofia101
Good morning all)
Wonderful morning, as it were! How are things?
  • #521,644
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
Quoting tonegawa
Thanks, I'll start looking at zones instead of levels.
Also thank you for suggesting Murphy's book. I have already read more than half of it.

Getting stopped out so quickly shows me that your strategy is either not very good, or you have no confidence in it. Either way the only way to get better is actually dig down in your strategy to see what needs adjusting to make it better. The only way to do that is to have at least a few thousand trades you can analyse. Every week/month/quarter/year, you need to review your trading and finetune it constantly to make it better over time.

You can make just about any strategy profitable, as long as you put the work in it.

BTW, Murphy's book is one of the best to get for any noobie.
  • #521,645
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
Quoting aldialdi88
where did you find Murphy's book?
amazon

http://www.amazon.com/Technical-Anal...3159162&sr=8-1
  • #521,646
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
Quoting sofia101
Good morning all)
Morning Sofia
  • #521,647
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
Quoting pkimnyc
you are gonna short this, you mean?
Right into a weekly demand zone?? ouch... lol, ratty just keeps 'em coming.
  • #521,648
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
hey S ,, welcome to the fun thread
Quoting sofia101
Good morning all)
  • #521,649
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
Quoting needpips
cal me crazy, but im long....4240
Guess !! you are not alone :
  • #521,650
  • Aug 12, 2011 9:26am Aug 12, 2011 9:26am
Quoting Venice
I would have to agree with (was it sisse that said this?) This thread has improved over the last few weeks greatly... aside from the random nutter that comes in here... this has been a rather productive learning and teaching experience.
Thats right its got quite awsome in here.

and it gets better cause soon there going to be RATS own trading experince thread opening .
rat
  • #521,651
  • Aug 12, 2011 9:27am Aug 12, 2011 9:27am
buy@ 4233 target 4350
  • #521,652
  • Aug 12, 2011 9:28am Aug 12, 2011 9:28am
Quoting cloggie
Getting stopped out so quickly shows me that your strategy is either not very good, or you have no confidence in it. Either way the only way to get better is actually dig down in your strategy to see what needs adjusting to make it better. The only way to do that is to have at least a few thousand trades you can analyse. Every week/month/quarter/year, you need to review your trading and finetune it constantly to make it better over time.

You can make just about any strategy profitable, as long as you put the work in it.

BTW, Murphy's book is one...
Exactly... depending on how PA is... sometimes even when being +20, you still risk the chance of BE knock out.

I prefer to let levels build themselves, then the stop is placed above / below the newly built cluster.
  • #521,653
  • Aug 12, 2011 9:29am Aug 12, 2011 9:29am
Quoting pkimnyc
you are gonna short this, you mean?
I would expect nothing less.
  • #521,654
  • Aug 12, 2011 9:29am Aug 12, 2011 9:29am
Quoting Anpips
Guess !! you are not alone :
I got S/O...+5...Cloggie makes a good point....about SL....My SL that Stop me out have been dwindling.......I attribute to entry selection and a better philosophy of placing the stop...also R:R
  • #521,655
  • Aug 12, 2011 9:29am Aug 12, 2011 9:29am
Quoting needpips
15 min looks to wanna go north....bottom out 4211...then the move....hmmmmmm
How do you figure 15M is bottomed out?

To me it looks like it's mid top and just hitting some resistance around 4250
  • #521,656
  • Aug 12, 2011 9:29am Aug 12, 2011 9:29am
Quoting Venice
Wonderful morning, as it were! How are things?
pretty good ) how are you?
  • #521,657
  • Aug 12, 2011 9:29am Aug 12, 2011 9:29am
Quoting cloggie
Getting stopped out so quickly shows me that your strategy is either not very good, or you have no confidence in it. Either way the only way to get better is actually dig down in your strategy to see what needs adjusting to make it better. The only way to do that is to have at least a few thousand trades you can analyse. Every week/month/quarter/year, you need to review your trading and finetune it constantly to make it better over time.

You can make just about any strategy profitable, as long as you put the work in it.

BTW, Murphy's book...
I still don't have that many trades, but I agree I have to use a more scientific approach.

For now, I'm just trying to exploit London and New York breakouts. But I don't have rigid rules to apply, yet
  • #521,658
  • Aug 12, 2011 9:30am Aug 12, 2011 9:30am
goodluck!
Quoting vanyxster
buy@ 4233 target 4350
  • #521,659
  • Aug 12, 2011 9:31am Aug 12, 2011 9:31am
Quoting KumoDragon
How do you figure 15M is bottomed out?

To me it looks like it's mid top and just hitting some resistance around 4250
CCI
  • #521,660
  • Aug 12, 2011 9:31am Aug 12, 2011 9:31am
Quoting sofia101
pretty good ) how are you?
I'm fantastic...! Ready to get this day done and over with, get out of my job and get this weekend started!!

Haven't had a cocktail all week long... think my body is going into withdrawl. lol
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