i think trading firms are extremely foolish by setting such pointless test when hiring employees. since all they end up with is a load of maths geeks who mostly are shit at trading! lol Since how advanced maths do you actually ever use when trading??! :eek: Its just price action, you wait for moves to exhaust themselves, enter on the reversal formation, n cash in when your ready. .end of story. the only maths done is just adding up how many dollars n cents the up move was, and how many your target will be. lol They miss out on load of good traders cos of that, and ended up with all the idiots that they have at investment banks now, who all lost so much money last year.
Just went short 1 QM @ 53.15 I think today will finally be a down day. We haven't had one for a while
did u cash in for profit on that trade mate?? we getting some movement now in the run-u to pit open, 30mins left tahn its time to look for teh best sell entry..
Here is what I am looking at. We have this uptrend channel that started back in 3/14 and we haven't violated it so far. I think today will be the day that we'll get a pullback and break this line. 1st support bellow I see at 52.50 and the next one at 51.70 and a major one at 50.60ish
I hope it doesn't pull that much though, cuz if it does, I'll get stopped out since i have it set at 53.50 Looking to exit around 51.80-52.20 area Might change target if things change though.
I don't know, you might be right on waiting. cuz its rallying again. This damn thing just doesn't want to come down
ooh when you entered mate?? And what was teh trigger that made you choose to sell at this time and this price??