Hi Mark, I think that you got my point to the top. With this and the next comment... Just repeating that the trading can be very symple is not enough. (BTW I agree with that. The difficult part is to get there) Cheers.
Market moved to the 35.00 area with a high of 34.25, I did have a decent set up and had a limit at 34.50 but was not filled. Patience is very important... We only need 1 to 2 good trades a day to make a great living.
Hi f9, where did you see any accusations? Who is the paper trader there? I think that Mark made some very good questions and remarks. How to define the support/resistance levels - that's clear now. By visualizations. Whay is the OP's setup - whis will become clear. So the thread is a good one then. I asked few questions and made some reparks - ONLY to make it useful to the users. Go on and kep smileing ...
Finally got a trade in today! Took an S at 25.75, first 2 targets filled holding the runner. Covering runner with 1 point profit as market seems to want to go highe.
Why do you say it seems to want to go higher? what else are you looking at?? looks more down from here to me. btw, nice trades! ps ignore the handle 'bighog' if you know what's good for you.
Higher...meant just enough to take out my stop. Very short term view. I am very religious in my stop usage. Ive found that when I use a mental stop I end up wishing and hoping on the trade to work, and take bigger losses. I keep my stop tight because I want the market to react with a bang at my levels. If I am wrong the market will tell me straight away.
Ok guys I am going to call it a day. Took one trade today personally. Im green and gone. Have a nice weekend everyone.
Ok im an addict lol! Long from 18.50, the 18.00-18.75 area has produced a nice lil bounce, first 2 targets filled and just managing runner. nice way to go into the weekend. EDIT: Runner taken out BE bye all.