Attachments: The Path Of A Novice Trader

The Path Of A Novice Trader

#21
Apr 3, 2012 4:36am Apr 3, 2012 4:36am

N_Trader
| Joined Aug 2009 | Status: Trader | 723 Posts

Now i wait for pullback to add position.
I need to watch the retest of resistance turn support.

Attached Image (click to enlarge)

Click to Enlarge

Name: eu.JPG
Size: 56 KB

Maybe today they will gun for the stops above 3380??? (crap, my mind keeps drifting away... I need to focus on the price)

#22
Edited 4:55am Apr 3, 2012 4:44am | Edited 4:55am

N_Trader
| Joined Aug 2009 | Status: Trader | 723 Posts

Bx3x1.3359

Just when you think you are right, the market can prove you otherwise.

#23
Edited 6:32am Apr 3, 2012 4:59am | Edited 6:32am

N_Trader
| Joined Aug 2009 | Status: Trader | 723 Posts

position recap

Bx1x3345
Bx1x3342
Bx3x3359

Bite the bullet

flip position
reason for the flip - PB in 1H

Attached Image

sending in short scout
Bx5x3338
Sx1x3338
Sx1x3340
Sx3x3336 - correction, should be 3336 and not 3362. - ok, my eyes are playing lots of tricks on me now.

ok. Now I ride

Sx3x3317

#24
Apr 3, 2012 6:57am Apr 3, 2012 6:57am

N_Trader
| Joined Aug 2009 | Status: Trader | 723 Posts

Bx7x3305

leaving scout in to feel.

Bx1x3310

+118pips today

Calling it a day

#25
Apr 3, 2012 7:09am Apr 3, 2012 7:09am

N_Trader
| Joined Aug 2009 | Status: Trader | 723 Posts

Lesson learnt today:

1. Cut losses short when analysis is wrong. Do not be rigid. It's better to take small losses early then to dig into a big hole.

2. ride profits once in wind. watch exposure when adding position. rem: "What I think will happen MAY NOT happen."

3. Let the market give what it wants. Do not force the profits. i.e. to set rigid TP targets.

Ok. chapter closed. Time to move on to next trade.

#26
Apr 3, 2012 10:34am Apr 3, 2012 10:34am

kinky
| Joined Aug 2009 | Status: Trader | 536 Posts

Quoting N_Trader

Disliked

Is this the final test?

Run bulls, run!

ok, careful now. no ego... if timing good, will skew up. Let's see if she is for real..

I need to see a convincing close above 3360 at least.

PATIENCE.

No good. I see JC on 5M. Maybe sideway market for now.

Ignored

Hello N,

What does JC means?

#27
Apr 3, 2012 11:05am Apr 3, 2012 11:05am

N_Trader
| Joined Aug 2009 | Status: Trader | 723 Posts

Quoting kinky

Disliked

Hello N,

What does JC means?

Ignored

Hi Kinky

Welcome to my journal.

JC = Jesus Christ.

It was a coined by I very experienced trader that I know. It actually represents a Doji, which looks like the cross of JC. Lol.

It signals possible price rejection at significant price areas.

#28
Apr 3, 2012 9:20pm Apr 3, 2012 9:20pm

kinky
| Joined Aug 2009 | Status: Trader | 536 Posts

Quoting N_Trader

Disliked

Hi Kinky

Welcome to my journal.

JC = Jesus Christ.

It was a coined by I very experienced trader that I know. It actually represents a Doji, which looks like the cross of JC. Lol.

It signals possible price rejection at significant price areas.

Ignored

ahhh.. ic. tks!

#29
Apr 4, 2012 2:00am Apr 4, 2012 2:00am

MaMood
Joined Oct 2007 | Status: Trader | 4,269 Posts

Hi, hi,

here you are.
Was somehow concerned, cause I have not seen you for some time on skype ...

Wish you all the best on your Journey!
Take care.

Niels

#30
Apr 11, 2012 8:14am Apr 11, 2012 8:14am