Good afternoon to you all. Back after a few days off. Feels good to take a break every once in awhile..forced or not. 7 turns....+$305.30 net..done for day...that much closer to meeting my sim goal. ----------------------------------------------------------------------- -----------------------------------------------------------------------
Capitulation? DX losing 5% in 30 days is not due to economic conditions. It is panic selling. Watching price action very close here. ------------------------------------------------------------------ ------------------------------------------------------------------ This chart is relative strength of the DX etf vs the world. Trend strong for Franc,Yen, Peso and Euro. Decelerating against the Pound, Aussie and Looney. ------------------------------------------------------------------
Today was about as low stress as it gets for me. I tested the long side waters twice...when that failed I reversed and stepped on it short. Classic gap and crap....would not be surprised to see them close down 1% on the day at all. 14 turns...$610.60 net..done for day I will be funding within the next two weeks. This volty is much to valuable to be feking around with a sim anymore. Time to bank. ---------------------------------------------------------------------------
Hey inda that's really sharp. Thanks for the information on looking into RS. Looking forward to checking it out further. Glad to hear you're wrapping up the testing phase on everything. Lock n load man, you're about to be banking. Great journal.
I did trade the ES yesterday..made about 300 on the sim. Was too swamped to post it up. ------------------------------------------------------------------------------ Bot more UUP @ 22.50 on a limit. Will buy more at 22.25 if she gets there. For the record I cannot remember a time that the DX gapped like it did today. Ooofa... --------------------------------------------------------------------------
6 turns today....+$374.40 net. Got whipped around until I caught a nice trend. Then held out for 20 pnts on the longest hold. What a market.... ----------------------------------------------------------------------------
Yah. I dont mind the whipsaws..makes things interesting. Lets you ponder what you did wrong and how to fix it. The key for me is always taking the same risk/reward on each trade. I shoot for a min 1/3. Usually 3pnt stop - 9pnt tgt. But will adjust stop size according to levels. Regardless of stop size I always set the tgt 3-4 times that. This way I can get bitch slapped 3 out of 4 times and still net out black. Regardless of time frame I feel the key to trading well is the ability to sit on your hands when you have a winner. I guess if disciplne is an edge I have one. Other than that I am purely random. Getting close bro...few more days until go time.
I am with you there bro. I'd say you definitely have an edge on the discipline part. LOL That's awesome. Cocked locked and ready to rock right? Keep it up!
Went down to one minute time frame due to this morns extreme volty. Got short on the first decent recovery...covered. I think we go lower...but thinking hurts too much. Done for the day...+$615.8 net... -----------------------------------------------------------------------