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Trading For Those With a 9-5 Job

  • #1,941
  • Oct 18, 2012 5:29pm Oct 18, 2012 5:29pm
Quoting golferfx
Starfucks update.

Week ends tomorrow...but who's watching.

Olu is...balls of steel...trend trader !

Can you trade EOD charts...I'm guessing yes.

Big O.I. on the puts...yes, I'm not kidding !



humble golfer
Hi Golfer

Was just going to PM you. Still in the starbucks trade and it is going well. Looking for 44 area first. Was looking at home depot but the good houising numbers put an end to any weakness in that one. I will be looking at tech stocks for weakness.
I will also look for strong stocks to buy as well

Olu
If you think you can or cannot do it you are correct
  • #1,942
  • Oct 20, 2012 3:56pm Oct 20, 2012 3:56pm
It a weekly one...

Olu
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If you think you can or cannot do it you are correct
  • #1,943
  • Oct 22, 2012 11:25am Oct 22, 2012 11:25am
Breakthrough or smackdown?

Olu
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If you think you can or cannot do it you are correct
  • #1,944
  • Oct 23, 2012 8:54am Oct 23, 2012 8:54am
What strength? Price ploughed through my stop like it wasn't there. The euro is still above the 200sma though. That's the markets for you.

Olu
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If you think you can or cannot do it you are correct
  • #1,945
  • Oct 23, 2012 5:13pm Oct 23, 2012 5:13pm
A major trading opportunity...

Olu
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If you think you can or cannot do it you are correct
  • #1,946
  • Oct 25, 2012 10:53am Oct 25, 2012 10:53am
This commodity may be on the move as discussed previously

Olu
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If you think you can or cannot do it you are correct
  • #1,947
  • Oct 25, 2012 10:58am Oct 25, 2012 10:58am
Patterns are repeatable. Will this one repeat? I am short

Olu
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If you think you can or cannot do it you are correct
  • #1,948
  • Oct 25, 2012 5:59pm Oct 25, 2012 5:59pm
The risk is well defined.
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If you think you can or cannot do it you are correct
  • #1,949
  • Oct 27, 2012 5:33am Oct 27, 2012 5:33am
A break of the first red line means down we go

Olu
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If you think you can or cannot do it you are correct
  • #1,950
  • Oct 27, 2012 11:53am Oct 27, 2012 11:53am
As long as we dont take out the lows then we might go up

Olu
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If you think you can or cannot do it you are correct
  • #1,951
  • Oct 29, 2012 6:12am Oct 29, 2012 6:12am
We are at a decision point. Areas where double tops are formed. Stochastics and RSI are overbought at this point so a setback is more likely than a plough through the line

Olu
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If you think you can or cannot do it you are correct
  • #1,952
  • Oct 29, 2012 10:04am Oct 29, 2012 10:04am
This pair is finding it difficult to follow through to the downside. Hence I have closed my short. The weekly chart is still bearish but I want to allow for some unwinding of the oversold situation (stochastics) on the daily chart

Olu
If you think you can or cannot do it you are correct
  • #1,953
  • Oct 29, 2012 10:47am Oct 29, 2012 10:47am
Watching the price movement in the chart is something I loved to do, but it's actually very damaging to the bank account.
My blog tells of the correct forecast movement for Eur/Cad today,.. yet, I back out of my orders - just becoz I stared at the screen for far too long. I think I need a full time job to be successful in trading - at least it keeps me away from changing my mind... my blog , for those who are interested easypippsy.blogspot.com
  • #1,954
  • Oct 29, 2012 11:18am Oct 29, 2012 11:18am
Quoting EasyPippsy
Watching the price movement in the chart is something I loved to do, but it's actually very damaging to the bank account.
My blog tells of the correct forecast movement for Eur/Cad today,.. yet, I back out of my orders - just becoz I stared at the screen for far too long. I think I need a full time job to be successful in trading - at least it keeps me away from changing my mind... my blog , for those who are interested easypippsy.blogspot.com
Thanks Easypippsy for your comments. I agree with you on the need to leave the screen alone and let the markets do their thing. The nomber of times I didnt follow my plan because staying at the screen made me start a session of second-guessing. I will be visiting your blog and following it. Wish you loads of screen and account pips

Olu
If you think you can or cannot do it you are correct
  • #1,955
  • Oct 29, 2012 1:19pm Oct 29, 2012 1:19pm
Nothing yet. Just putting it on the watchlist

Olu
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If you think you can or cannot do it you are correct
  • #1,956
  • Oct 29, 2012 7:05pm Oct 29, 2012 7:05pm
Reverting back to the true trend?

Olu
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If you think you can or cannot do it you are correct
  • #1,957
  • Oct 30, 2012 3:21am Oct 30, 2012 3:21am
This is to say that my thoughts and prayers are with those affected by this cyclone

Olu
If you think you can or cannot do it you are correct
  • #1,958
  • Oct 30, 2012 10:10am Oct 30, 2012 10:10am
Dear Olu,

I want to thank you for this wonderful thread. There was a time, when my trading was just going downhill day after day. I suffered close to a 50% draw down and I was very disappointed in myself.

Then I found this thread. It showed me that trading can be simple and logical but yet still profitable. It is through your thread that I realized, how simple support and resistance lines can aid a trader in making informed decisions and ultimately good trades.

My account is now up 40% and I must really thank you and all the other posters in this informative thread. Thank you for showing me the light. I hope that you will continue sharing and I hope other distressed traders can find their way in here and see the light too.

I wish you and all the other posters here all the best in their trading endeavors.

Best regards,
m
  • #1,959
  • Oct 30, 2012 2:33pm Oct 30, 2012 2:33pm
Quoting monochrome
Dear Olu,

I want to thank you for this wonderful thread. There was a time, when my trading was just going downhill day after day. I suffered close to a 50% draw down and I was very disappointed in myself.

Then I found this thread. It showed me that trading can be simple and logical but yet still profitable. It is through your thread that I realized, how simple support and resistance lines can aid a trader in making informed decisions and ultimately good trades.

My account is now up 40% and I must really thank you and all the other posters in...
Thank you very much for your kind words. I am happy to hear that your trading has improved and that this thread contributed that happening. Simple things usually make the most difference. In my trading I

-threw out most indicators
-increased the timeframe traded
-went back to basics i.e support and resistance
-considered price action more

These are all the changes I made to my trading (and still doing so) and I encourage other traders to adopt some or all the changes. Change is difficult and requires a lot of persevearance and patience and self belief as I am still finding out.

Lastly I used this thread to think aloud and if you read the thread through you would have seen the times I was bang on and the times the markets proved my thoughts wrong.

Well done M. Well done indeed

Olu
If you think you can or cannot do it you are correct
  • #1,960
  • Oct 31, 2012 3:28pm Oct 31, 2012 3:28pm
Olu,

Please could I ask you, what platform you use. I am busy reading your journal and am overwhelmed by which platform to use as my training ground.

Was introduced to forex last year but now is the right time to press forward. Just this one brick and I will manage the rest. Hurricane Sandy and my family are on my mind. If it will be seen as advertising, then just pm me.

Thank you, Olu.
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