http://www.trade2win.com/boards/attachment.php?attachmentid=21197 http://www.trade2win.com/boards/attachment.php?attachmentid=21205 http://www.trade2win.com/boards/attachment.php?attachmentid=21208 These are copied from dbphoenix's thread on t2w. They may be of interest. Or not. One trade, +8 (short at 1500, cover at 1492).
if moderator is worth his salt this porno show will seeing the big closed thread sign very shortly and well deserved at that......nothing but trash talk here........young traders beware of these kind of threads......sick minded individuals can't help you do anything right.........
Anyone notice that the NDX is holding up better than the S&P and Dow today - for a change? It has stayed near the highs of the snapback rally we had while the other two have revisited thier lows. Could be time for some value buying / rotating back into techs - maybe a short-term rally? The last few days could be the final sentiment washout we needed for a bottom. Intraday high so far is about 61.8 of the move from yesterdays close to todays low (1507.50). Tested twice, looks like another on the way. Edit : Made new highs now finding resistance at yesterdays low, opening gap has been filled. As of 11:50 ET we are forming a nice ascending wedge on the 1 min chart.
Jessop, thanks for the info. Maybe if I took a few more tranks I could slow my brain down to that timescale! Best regards.
Eusdaiki, thanks for posting those trades, very illustrative. Now refresh my memory please, those are real, not simulator? You are doing good cutting losses but you need to find some evidence that the GOOD trades you are in have some persistence so you can hang in there. What time zone are those trade times in?
Scott, I still think the PPT is supporting it. Every time oil shits on the market they prop it back up. By my reckoning they are many thousands of cars long. I suppose the Treasury (that's you and me) is good for it, and as a taxpayer I hope they unwind their position with a profit. But I think history has shown that it is always a mistake for governments to support their currencies and marets.
Thanks to all for posting. Interesting approaches. Lots of trading psychology. Supports my contention that we are all strange, hahaha! As for me, I am hacking out profit one scalp at a time today. Best regards.
Personally, yes. The charts he posts are neutral in that their intention is only to show how to plot S/R, not how to trade the price action. I trade breakouts and reversals, but one could also trade retracements. First, however, one has to plot the S/R correctly. In this case, price had either to break up or down, didn't matter to me which. Price broke down and hit S at 1492 exactly. I prefer to sell the target, then leave myself open to either a reversal or a continuation. This eliminates all the should I shouldn't I about profit-taking. Ditto when price hit the ADR on the way up. Just take the money, then re-assess the situation.
NQNQ. They are all simulated. I will usually run any strategy on simulator for several weeks before testing it live. Today I was able to keep my gross above 0 for most of the morning. Then around 12 I crashed and never got my focus back, this is why I trade on sim mode at first, once I can stay focussed all day and get positive results on the sim [gross and net] for at least 5 days, then I go live. All the times are eastern. My objective tomorrow is simply to remain focus more time than today, and to achieve a higher gross profit.