HAHA! I saw that bar form and I thought AS has got his fill (7 lots at 17?). Good job. Why did you set the trap at that level - is it some type of fib number retrace?
Long 3 off pivot, divergence reached range on 1 min chart scaled out 2 lots +7 +5.5 on 3rd, possible H&S on 1 min chart Will short 1 lot below pivot break not shorting here, histogram doesn't look positive to be short, missed opportunities are not money lost anyhow.
Hmmm, I have observed you for quite a while mate, and you are having excellent results. However, this trade is not one of your best. Maybe in the end it'll turn out great, hope so....if I'm wrong on this, I apologise for any error, I just want to see you address the issues shown in the image-missed profit, missed short, holding a loser too long....finally, the next day, great entry
Slightly unfair comment ImO considering AS is a swing/position trader. Last entry was bang on the money, previous one was still very good considering risk/reward.
Heh, my ego is not so fragile, but obviously his is (name calling already?). To answer your post: I tried to be polite in the way I phrased it, and made several positive comments. However, he held a weak hand all day and did nothing to improve it. So, he wasted the whole of Monday through a bad entry and no exit. Nothing wrong with pointing that out, it's the truth, and in trading, reality is costly.....still waiting for him to answer my points......
ExitsareVital, you´re obiously not following this thread - if so - you would understand that I am running different strategies. One of them is to build a long-term position in FDAX and dynamically hedging my positions as quoted recently => Reading WIENER´s and BENNINGA´s "dynamic hedging strategies for portfolios of derivatives" maybe will give you a glimpse of what I am doing right now... And concerning ego...well, I am as arrogant, self-confident and positive as a successfull trader MUST be ! Ha, ha, ha....;=) ___________________________________________ Keep smiling, keep shining, keep cool...