last time they did it usdjpy was trading a bit below 83... now its not too far from that point.. just wondering if its about time
Made $ 165 real and around - $ 400 sim. After I stopped trading real, I made the usual mistakes in sim that I have made in both real and sim in the past. I had a price alert for 25.50 on the ES, saw it hit it and bounced, so chased with 2 contracts 26.50. Then I realized I set that alert to look for longs around that price level not to go long. So added 2 more contracts at 25, and moved stop down to give additional contracts room to breath. I also went long CL at this time without checking candle indicators which would have told me there was no setup. Needless to say, both trades get stopped out and down around $ 550 in sim. However, finally saw a good trade, took it in sim but again on the bounce instead of limit order to get in. Well added 2 more contracts around price I should have gotten but did not move my original stop. This ended up to be a winning trade but still ended up with $ 400 loss on the sim. Lesson for me is the same, don't keep adding contracts as market moves against you assuming one of the levels you see on the chart will hold. Instead if valid setup, take it and don't chase if you miss by a .50 or so. Instead just leave limit order alone to get filled and leave targets and stops alone unless my indicators reverse or I see something that changes after getting in the trade. I will do market buys and close if I see a valid setup and can't get in right away, but if I see a possible setup before the market reaches the level, then limit order is the way to go, and not chasing, and not averaging in when market showing me that I am wrong.
es mp 30 day,2 hr ch ,mp traded from upper nip.... to cleavage.... to lower nip,....and now bouncing up to broken tl and stalling,....it should try and make the cleavage,.....if it can then it should try for the upper nip,...if it cant make the cleavage,...it'll come back and test the 17 nip,...if it breaks ...theres a small one at 1112 ....and then the cleavage below in 08 area..edit...these areas change when the time frame changes i.e. 60 day..90 day..180 day ytd