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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #2211 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I might add above 93.00

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  #2212 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Started this thread
  #2213 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


at 4.22 to 1.22,. Need to get above 93 and will double in but pull stop tight

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  #2214 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Started this thread
  #2215 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

There is a lot of fear in the world for this trade, but that is how price reached support.

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  #2216 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

What I like;

1) I have targted this buy for over a week.
2) I got the local DB I was wanting.
3) We may have witnessed volume exhaustion at the 92.30 area I was mentioning.
4) I have a 3 to 1 trade with 1% risk.
5) I have watched this market enough to believe this is probable.

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  #2217 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





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  #2218 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I will add that I feel better at 2 contracts now that I have been trading heavier, and am really not even paying attention to this, typing my thoughts instead. My norm might be to take one off at 15, but not today.

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  #2219 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post
What I like;

1) I have targted this buy for over a week.
2) I got the local DB I was wanting.
3) We may have witnessed volume exhaustion at the 92.30 area I was mentioning.
4) I have a 3 to 1 trade with 1% risk.
5) I have watched this market enough to believe this is probable.


I also waited for the reversal on the 6 range for my entry.

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  #2220 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011






Now at .68 versus 4.22. RR 6.21 to 1

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Last Updated on May 23, 2014


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