but also the hardest to master, also need to work on that one ... anyway, you did great today CF, remember this day when in doubt ...
1.5566 1.5156 1.5542 1.5132 1.5517 1.5106 1.5492 1.5079 1.5465 1.5051 next five days cf to tell u guys the truth I am not sure if its a sell from 5566 today
"Big big lesson! Consistent execution is the most important skill in trading IMO..." ABSOLUTELY!!! All we can take with us thru time are our toolsets and keep honing them and our understanding of them. This continuity of our behaviour in any given situation is key to success. Markets have a way of wearing people out and then making big moves, a time /price ratio, sometimes price is compressed into long periods of time and then pice expands into short periods of time. There are quants that trade on these scenarios. They also readily appear on expert TA as yoohoo is demonstrating. My point in posting the Trichet comments is that this affords us a moment when we actually know WHY fundamentally the mkt is doing what it's doing, an opportunity to lean on the trade that TA shows us is probable.
Yeah, I keep an eye on news schedule and BBG radio plays almost all the time here... Cause of course price says a lot, but knowing "why" also helps to boost confidence in a move like it was when Ben spoke this week...
You're doing just fine, nobody bakes a cake in 2 minutes, and those that try , as almost everybody does, just end up with a dirty microwave and have to start all over again.
Haha, great analogy Banjo! Well, it really happened so that I am in a good position - mostly need to just chew what yoohoo spoon feeds me, LOL... Without this help I bet it would be way way harder...
yep, I think yoohoo and I have close to 50yrs of experience if combined and we had to wade thru stupidity and "common market wisom" of idiotic bullshit up to our noses to begin trusting our own perceptions and answers. Forgive me for speaking for you yoohoo if I'm incorrect.
Yeah, you were the person who had shown me that something beyond the "common wisdom" which says that "30% a year is goooood and more is nearly impossible" is reality and not a fiction...
Well today was an important day on the daily. We needed to recover or we were in big trouble and it is not unusual to do it in style. Perfect on the daily channels - this is what I meant about filling up with gas at the gas station - you've heard me say many times "going down on order to get up" - same as before the news... 1 hr calls up and we spike down and run up 200 pips. EMTL Daily (dotted) caught bottom and top. Been sweet. I added a dashed parallel from the prior penetration of the blue channel and it worked a treat. If you were aware of the importance of the daily channel when the hourly signalled it was always going to have huge implications. We were at make or break with news due and great support with the 1Hr producing 3 major swings today. As I said earlier, 3 gifts and gave you time to collect on the third. Perfect reversal bottom CF caught showing the RR on the 1 min is massive. Buying bottoms and selling tops in fast markets is a skill that can be learned. If you found earlier today difficult I'd carry out a post mortem, even if you collected 200 pips. I thought today was easy - honestly. I used to put in 18+ hr days to figure out this stuff and wouldn't let it go. Now it's second nature and I'm not sure where you found it hard, but all the techniques are in the thread. Good trading guys.
totally agree and the Bs is piled high on ET 100 yrs experience - get all you can here guys. Take the mix and make it yours.