Disliked{quote} Yes, that's a good point you raise there. At the times I trade, so far this week has been rubbish and I'm well behind the 8 ball for my targets, but that's ok because I haven't lost a cent! I would say that many, if not most systems are suffering in this PA, and that's the nature of the business that we are in. Now, I would be willing to bet that many people have been entering trades this week out of frustration, or misreading (or worse, ignoring) their signals and suffering losses. I imagine that there has been a bit of revenge trading...Ignored
- #17,602
- Sep 4, 2013 12:11pm Sep 4, 2013 12:11pm
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
Good day/evening all 
I didn't expect much from today's PA, but as always, it pays to be patient and ready.
EJ decided to continue north, breaking out from a two-day range, after staging a 123 pattern on 131.00. Trade closed at London close for +53.
EU found support on the DP, plus the daily chart shows some strong support too, which was another reason to take this CT long. Closed at LC for +36.
I didn't expect much from today's PA, but as always, it pays to be patient and ready.
EJ decided to continue north, breaking out from a two-day range, after staging a 123 pattern on 131.00. Trade closed at London close for +53.
EU found support on the DP, plus the daily chart shows some strong support too, which was another reason to take this CT long. Closed at LC for +36.
mind over matter
- #17,603
- Sep 4, 2013 3:09pm Sep 4, 2013 3:09pm
Hi all,
GU long @ 5537 day 2 update : 2 x 90 pips still open.
This trade looks like working ... at least so far. I have still both units open and tomorrow I am going to make a decision about unit 1 (or both depending on price behavior and Genesis signal on higher TFs).
I am more confortable with day trading closing the positions every day but due to my full time job I needed to develop a different strategy (swing - long term) ... the interesting part of this story is I am discovering another hidden side of the word "patience". I can assure you I can be very patient waiting for the good setup and entry ... but it is really tougher wait, wait and still wait giving your trade time to develop and reach your targets while price goes up and down
ciao
wiz
GU long @ 5537 day 2 update : 2 x 90 pips still open.
This trade looks like working ... at least so far. I have still both units open and tomorrow I am going to make a decision about unit 1 (or both depending on price behavior and Genesis signal on higher TFs).
I am more confortable with day trading closing the positions every day but due to my full time job I needed to develop a different strategy (swing - long term) ... the interesting part of this story is I am discovering another hidden side of the word "patience". I can assure you I can be very patient waiting for the good setup and entry ... but it is really tougher wait, wait and still wait giving your trade time to develop and reach your targets while price goes up and down
ciao
wiz
You control how you trade; the market controls how and when you'll get paid
Good day/evening all
PM1
- #17,606
- Sep 4, 2013 7:10pm Sep 4, 2013 7:10pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Good day/evening all
I'm in the same boat as PM1....if I had stayed 15 minutes longer.....
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Nicely done Jo
It's definitely a waiting game...................
PM1
- #17,608
- Sep 4, 2013 7:24pm Sep 4, 2013 7:24pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} It's a bit deflating when that happens. Waiting around all day/evening and when you think nothings going to happen........BAZINGA!!
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,609
- Sep 4, 2013 7:26pm Sep 4, 2013 7:26pm
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
@Wiz - keeping my fingers and toes crossed for your trade!
@Jamz - a genius? haha, thank you, but a humble student sounds more like me.
@PM1 & RJ - thank you. Next time I'll wake you up...
@Jamz - a genius? haha, thank you, but a humble student sounds more like me.
@PM1 & RJ - thank you. Next time I'll wake you up...
mind over matter
- #17,610
- Sep 4, 2013 7:38pm Sep 4, 2013 7:38pm
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
{quote} It's a bit deflating when that happens. Waiting around all day/evening and when you think nothings going to happen........BAZINGA!!
Bed time. Green pips, guys!
mind over matter
- #17,613
- Sep 4, 2013 8:23pm Sep 4, 2013 8:23pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I've been long EA since NY and it is definitely channeling, waiting for the AUD news in 45 min. Had another possible Buy on EA 4 bars ago, but not taking it because of news. Besides I'm only trading demo this week so far, but it is up +6% so that makes up for the -4% on demo last week. Hopefully back to live next week.
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Yep strong trend down. I was in the EA trade earlier, but had to exit out.. Miss clicked and put too much leverage on it. Do not want to enter a trade above my monetary comfort zone, regardless if the trade is a winner or not. But with heavy news coming, best for me to stay out of this pair.
Well done. Preserve that capital!!
- #17,617
- Sep 4, 2013 9:11pm Sep 4, 2013 9:11pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
No reaction on the Aussie at all really. I guess the elections are more of a concern to the markets now. Plus we have the 'tentative' (sigh) Monetary Policy Statement from Japan and the BOJ rhetoric to follow sometime between now and Frankie.......so take are
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,619
- Sep 4, 2013 9:27pm Sep 4, 2013 9:27pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} No worries, had my SL at BE, so out clean.
Doing what you like is Freedom. Liking what you do is Happiness.
