trading the momentum cycle

Discussion in 'Journals' started by padutrader, Jul 5, 2018.

  1. padutrader

    padutrader

    what? you got the wrong thread?
     
    #141     Jul 17, 2018
  2. Nope. Was replying to Handle123.
     
    #142     Jul 17, 2018
  3. padutrader

    padutrader

    i hope you will not take this the wrong way but it would have been good if you had quoted handle....we all would know what you are talking about
     
    #143     Jul 17, 2018
  4. Don't be such a thread Nazi! I did quote him, post #139.
     
    #144     Jul 17, 2018
  5. padutrader

    padutrader

    thanks i learnt a new term
     
    #145     Jul 17, 2018
  6. Handle123

    Handle123

    After losing for several years and then finally learning to trade futures, just had $5k, so had to trade very conservatively, was doing long term and margins had to be under $800, so I think for my confidence level of trading very slow moving markets till account got to $10k was half the year. Then I went to some currencies and trading the German Mark, way before they switched to Euro, member I did well on favorite markets like Live Cattle and Copper, account at one point was over 300%, but should not done coffee....putting on too many will hurt you. LOL
    It was good experience, but I wasn't trying to make a name, was more of getting discipline and my confidence, never ever thought I win with that small of percentages.
     
    #146     Jul 17, 2018
    beginner66 likes this.
  7. padutrader

    padutrader

    closed trade.......30 pips loss.....
     
    #147     Jul 17, 2018
  8. padutrader

    padutrader

    Markets are supposed to trend or range but there appears to be something that is neither or it could even be said, that is both at the same time: a ranging trend.see yellow box.
    This is often a very tight range with a direction bias and can be very confusing if reversal trades are taken,
    Breakouts from the channel appear to fail and i have observed that these may be faded:however as is the problem with most counter trend trades, stop placement is an issue.
    I am slowly coming to the conclusion that though there are trades that are logical i the interest of survival it is better not to take those trades

    e2.png
     
    Last edited: Jul 18, 2018
    #148     Jul 17, 2018
  9. _eug_

    _eug_

    Market is always ranging or trending....it just depends on which time frame you are looking at.
     
    #149     Jul 18, 2018
    Handle123 likes this.
  10. padutrader

    padutrader

    :thumbsup:

    but if look at one time frame then it may alternate.Now in a range you fade strength and in trend you trade with the strength
     
    #150     Jul 18, 2018