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Five A Day


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Five A Day

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  #161 (permalink)
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Do those types of product stop you from messing with them once the trade is on ?

That might be a good thing for some of us :-)

p

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  #162 (permalink)
Birmingham UK
 
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podski View Post
Do those types of product stop you from messing with them once the trade is on ?

That might be a good thing for some of us :-)

p

Yep, you bet, once it's fired only their system can give or take my daily dinner! Seems to suit me..., gawd I needed it.

ps note that is different from most 0-100 binary options which do allow early close out

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  #163 (permalink)
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podski View Post
Just remember that the most important thing you did was get the direction right !!

I can't even claim that, in my usual inimitable style half of them were counter-trend shorts, on a rocket ship day, deary me. It will be interesting to see how we go, I love the feel of the interface and its action, just need to make sure I keep missing the TILT pedal...

I may try and segregate an active trade in the main account a la @GFIs1 and just have a certain period of the day when I attack the beauty with this new beasty.

Cheers, have a Lucozade on me.

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  #164 (permalink)
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I think bulls are vulnerable unless they take out 94 before losing 68, failing up here in the hwb zone from the top would be undesirable. Interesting day, will see in the next few days if the rocket ship was a fifth wave kick-off or a bear correction rocket spiker.


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  #165 (permalink)
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A losing final day of the week and a typical Friday, stuck in a consolidation and obviously (hindsight, ha) best avoided really.

Only 3 trades in the main account, -16, +16, -10, so net -10. Poor trading but SMB at 9 < 42 was better than typical.

And a multitude in the new Sprint sandpit account, played and experimented a lot, ended down -20 so a poor day there but kept 106 from yesterday to make it a good week, and it's great for putting more focus on the importance of time.

Lessons to learn are the usual - stop fighting the trend(s), be more selective with trades, the usual chestnuts, can I crack them?

Have a great w/e.


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  #166 (permalink)
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Bulls stayed strong taking out 94 and defeating the potential short hwb from highs, extensions broke out, might be hitting a target now but can of course blow through again, first signs of weakness only if 94 now lost and a short pullback holds, but bulls will still have a legitimate long pullback currently sitting at 1670, depending on where the current advance halts. Swing shorts still have no setups unless the trend fails first.


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  #167 (permalink)
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Looking towards 1765 so long as trend stays strong, much under 1670 would be suspect.


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  #168 (permalink)
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With all the political shenanigans so far this week I have mainly focussed on getting familiar with the Sprint Markets platform and doing a little software development and tidying, hopefully more orderly market action resumes shortly, well, maybe.

In the main account I should have made better use of my longer-term take on things as it was pretty close, but weirdly I still don't yet really understand myself in that arena.

If I can do this:




Why can't I just put the trade on? Even just once or twice a month would be good, what a wimp..

In any case I have learned again the simple difference - when I am out of control and over-trading I am utterly devastating (Monday 7 wins, 15 losers) and when I am in the zone I am utterly devastating (Tuesday 6 winners from 7 trades, today 4 winners from just the magic Five trades).

Sandpit account now sits at +28% but clearly the swings are unsustainable until control is present everyday and position size gets dropped from 10%->5%->2%. Aggressive exploration does focus the attention though, I always feel it is asking the 'Why do we make it so hard' question, when under the right conditions it clearly isn't.

So the lifetime of work between the ears continues, at least I am happy with my short-term edges and still enjoying the challenge of finding the really magic salt that would eliminate the TILT days, but then I guess there's a lot of us trying to do that.

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  #169 (permalink)
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I'm cooking dinner tonight so done trading for now, good day, if a little jammy in places.

Main account, finally did as advised by @GFIs1, stuck a trade in it and walked away to get the food, came back to find +41T in it so closed it and smiled. Had one earlier loser for -12T so net +29T in here.

Sprint sandpit had the usual rollercoaster headwaves with 16 winners and 12 losers for a net equivalent of +40T, not complaining but runs of 6 and 4 winners and 6 losers suggest huge differences between good and bad mind zones. Thinking I need to open/close the shop for an hour at a time on this one. Early days still here though, love the platform despite low R/R suits my edge when I keep myself in check, basically need 5:4 win/loss ratio or better to be breakeven in a session.

Long term view I had a little play this morning and this is where and why I think we are here:



3 valid extension support areas each traded that 1550 area and have unfilled targets in the 1740's as yet. Thing is I think that could be a Gannland definer, it will put a top in OR on the 4th go at all time new highs it will gap/blast through and just fly north into 2014, we shall see ..

Pullbacks down to 1550 still valid, much longer term pullback at 1200's also valid but of no interest unless we get a weekly trend failure.

Imho.

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  #170 (permalink)
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ratfink View Post
...stuck a trade in it and walked away...

By George ...

:-)
p

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