16 oct european session longed crude oil - position still open shorted copper #317pm, 32100. Reversal down signal. sigh .... too careless and missed the long signal. already knew there was morning China news but I went for morning exercise and lunch. monitoring GBPUSD
16 oct US session longed gbpusd 900pm 13293. reversal up profit : 20 ticks longed ES 942pm, 2556.50 profit : zero. seems like ES and NQ want to sleep. the way they sleep very obvious. Goodnight ES and NQ. shorted rusell 1015pm, 15115 reversal down profit : 30 ticks. straightforward reversal signal right out of textbook. seems like US dollars not moving. soya, cattle, hog futures also not moving. I guess farmers and traders waiting for reports/news/events .... ok. now for cold beer, and watch my favorite TV channel. Later dream how to have six or even nine 32" monitors for trading. Must also remember it is ok to earn tons of money because we can always give i to the unfortunate people.
17 oct asian pre market analysis very easy premarket analysis. Don't need phD or university education to do it. Just need to be aware most of the time, signal comes out of no where for don't know what reason. so just be alert and catch those signals. Don't listen to news because it is inaccurate, slow, distorted and useless. don't need to know Navier Stokes equation, Euler equation, curvilinear equation, polynomial regression, not even y = mx + c. just simple + -* / should suffice. must have this mindset :
17 oct Asian market shorted gold @832am, 12963 profit : -3 ticks currencies and gold want to sleep. longed sgx simsci @ 907am , 37165 profit : 0 OK. going for super early morning exercise, then nice lunch. hopefully lunch is not expensive. yesterday lunch super expensive few thousand dollars (because missed the opportunity to profit from copper long signal). later let's see what Indians are going to do to the market.
17 oct India market shorted India Nifty 1146am, 10254. 17 oct asian time - only one signal and that's from Nikkei. very rare to have so few signals.
17 oct india market India nifty profit : 20 points, ie Risk Reward ratio 1:2 if you trade tens of lots even with such a low RR ratio of 1:2, you can earn tons of money. but if you analyse price action wrongly , you could lost tons of money too.
17 oct European market shorted copper @210pm, 3 2175 with reduced quantity. because I missed the 145pm signal. sigh ...