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13 bars

  #1 (permalink)
Fern
Stockholm, Sweden
 
Posts: 71 since Feb 2012
Thanks Given: 220
Thanks Received: 70

Hello traders. Have finally decided to join the futures.io (formerly BMT). (the Elite title, to be considered)
Following the Monthly, Daily, 120min & 15min charts. Trading the CME & NYMEX markets. (Currency Futures & Crude Oil)
Based on the market 13 bars of the trading opportunity (inside bar's, spinning top's, hammer's, harami's) and my 10 cents of clarity.

[IMG]http://content.screencast.com/users/Gabriyele/folders/Jing/media/3f82fdfb-ca2d-4047-b268-d45d64426dd5/1313.png[/IMG]

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Can you help answer these questions
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  #3 (permalink)
Fern
Stockholm, Sweden
 
Posts: 71 since Feb 2012
Thanks Given: 220
Thanks Received: 70


lacking the clarity of thought, became overly greedy
3 trades on the 6E, overall, gave back the 1st trade winnings and additional -$75.
Will go out for a run, clear the head.

I love this job. Such a trip!
[IMG]http://content.screencast.com/users/Gabriyele/folders/Jing/media/0216f46c-ee3d-4d77-abbe-762af4eab0fa/2012-03-12_0619.png[/IMG]

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  #4 (permalink)
Fern
Stockholm, Sweden
 
Posts: 71 since Feb 2012
Thanks Given: 220
Thanks Received: 70

it seems that i didn't run enough yesterday, or i have been smoking one too many
only one trade today, the account balance is screaming "read the Steve Nison book again!"


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  #5 (permalink)
 
Gabriyele's Avatar
 Gabriyele 
LA/CAlifornia REpublic
 
Experience: None
Platform: NT7
Trading: Chello
Posts: 3,017 since May 2011

What is your trading strategy ? Are you using any Fibonacci ?
Don't give up the dream!!

I'm looking forward to your posts with the rightful numbers!!!



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  #6 (permalink)
Fern
Stockholm, Sweden
 
Posts: 71 since Feb 2012
Thanks Given: 220
Thanks Received: 70


Gabriyele View Post
What is your trading strategy ? Are you using any Fibonacci ?
Don't give up the dream!!

Thank you for the encouragement Gabi and for the Fibonacci webinar link.
I'm just now learning about the Fibonacci and the Geometric patterns.
I also bought the book called the Gartley Trading Method by Ross Beck.

My strategy: I'm using the language of the candle and the floor pivots.

I have the book by Steve Nison, and have been reading and re-reading it over and over and over again.
and after these last two days, i need to get back and read it again!!

The Dream is very much alive!

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  #7 (permalink)
 
Gabriyele's Avatar
 Gabriyele 
LA/CAlifornia REpublic
 
Experience: None
Platform: NT7
Trading: Chello
Posts: 3,017 since May 2011

.......to better your price action study


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  #8 (permalink)
Fern
Stockholm, Sweden
 
Posts: 71 since Feb 2012
Thanks Given: 220
Thanks Received: 70


Gabriyele View Post
.......to better your price action study

Thank You!! This was a very nice webinar!!

my trading today suffered the consequence of my last two days of "fuzzy logic".
Today i followed the Russel since we had a very strong move up yesterday, and as expected the market moved down,
and as unexpected i sat on the sidelines! Going over the language of the 13 bars again.
[IMG]http://content.screencast.com/users/Gabriyele/folders/Jing/media/a557eb5d-ee2a-42b1-a609-99e834da986c/2012-03-14_0923.png[/IMG]

So, today i did nothing, the account balance at critical!
[IMG]http://content.screencast.com/users/Gabriyele/folders/Jing/media/9c13c6ce-27f9-4ddd-bd8f-de8c5e49a5c9/2012-03-14_0921.png[/IMG]

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  #9 (permalink)
Fern
Stockholm, Sweden
 
Posts: 71 since Feb 2012
Thanks Given: 220
Thanks Received: 70

Another day in Observance of the Russell.
I'm thinking of funding the account again, yet the challenge remains can i dig my way out of this based on my price action merits ?
I'm also realizing the amount of relaxation that is required in order to pull the trigger, you basically have to be the Zen-Master!
the journey continues....

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  #10 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678



Fern View Post
Another day in Observance of the Russell.
I'm thinking of funding the account again, yet the challenge remains can i dig my way out of this based on my price action merits ?
I'm also realizing the amount of relaxation that is required in order to pull the trigger, you basically have to be the Zen-Master!
the journey continues....

What trading software do you use for the chart in your screenshot ?

Lolu

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Last Updated on November 25, 2012


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