Just wanted to thank the guys who responded to my post last night. I read it, but then went to bed. I didn't forget about you guys. Today started off bad. I went with the trend this time, but unfortunately I got in early and got stopped out 2 times. My third trade was better, but I got out too early because I thought I was seeing a double bottom pullback. I got out at +1 and price eventually busted through and would have went to my first target plus a little more to where I probably would have put my 2nd target. Oh well. My subconscious was saying "get out now!" so I just listened to it. My keys to having a better day: Light breakfast, shower, coffee, AC/DC on Pandora. Current song: Sharp Dressed Man by ZZ Top. Previous song: Don't Stop Believin' by Journey. So anyways, the MA crossover has always interested me. I used to trade stocks, trying to do it, but I always failed. I have a friend (used to work for the CME, but now trades on his own at home) used the a similar MA crossover method and made +$200,000 while in college. He also traded a SIM forex account and from what he said they shut him down and said to either start trading real money or move along because he was absolutely destroying the EURUSD in fake money. haha My point is that I never really understood how he knew what he did. He'd see a crossover and say "yeah looks like it's going up to me." And sure enough it would bust on out. I was hold INTC while it was in a downtrend. He told me to hold it because it was going to go up. I ended up selling and sure enough it busted through the roof. All he said was, "I told you!" With my luck he probably posts on here somewhere and will recognize the story. I will learn this someday. I've been simming for about 4 weeks now and my education goes back to 2004. Sorry this was so long. Smash N Grab by AC/DC! GO GO GO
What finally happened shows how mental flexibility key to trading well.. Switching Long once the TL broke I must be happy to have done.. Now about not flipping short at 1864 when exiting the long...
So here's what I'm anticipating, it an IHS on the 30 min chart. f my price level @ 98 is violated to the upside before a right shoulder forms. then go long till about 1104-05