Well, it was clearly saying I want to go up, and I just kept shorting. Caught a nice trade down which I have a hunch that I could have held, but the market is so bullish I figured good enough.
What a market we are in... Seems like some Fed dollars are being spent in a big way again. (Edit: I see the market dropping like a rock now and actually tried to get back in, but it jumped down so I will stay out)
Holding and moving Stops: A-
My entries are really sucking lately and something I need to correct. I need to execute my patience... haha... I need to listen to some Guns-N-Roses
While we are on the older hair band ballads:
(I remember this song from a tribute of a high-school student who committed suicide after he was notified that he would not graduate from high-school. The student had very good grades and his parents put immense pressure on him and the call was a mistake from administration. Today that would be a $100M lawsuit....)
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I offically did SHOCKING today
I started off watching the TF but was MEGA slow...
SO i started looking at the euro
comletely f up and broke my ruld leading to a $380 loss
Then got in a nice winning trade long was up about $600 didnt take profit, was a potential huge move up with the dollar about to test and break the lows... and got 2 tick out of the trade
-Z for my trading today!
had a perfect trade short lined up on the TF which i missed and it has now dropped 12 point for my entry set up!
Last edited by greenr; February 8th, 2012 at 04:38 PM.
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listening to guns n roses is always nice... you get a "two thumbs up" for having a special taste in music
but some words on your trading... this is in no way a offence because i know you are trying really hard to get things done...
but the last couple of weeks you always came up with this grades for this and that and when you going back through your posts, i or you, can get the impression that you are not serious anymore... maybe not on purpose...
it think - this is not a joke - you should print a huge poster saying "i got to stick to my rules" and maybe just focus on one bit of your structure for like a week... for example one week just working on entries, and after weeks combining it into a whole...
but for a little while i have the impression that you are actually doing what ever you are usually doing and then you just post B-, D-, A, D + , or whatever your feeling of the current day is/was. but for some reason you never/hardly do what you know you should do....
i have stayed away from the markets for a couple of weeks and spend some time reading... i wasnt even looking at charts... this helped me a lot.... it feels like a reboot... maybe you should try to take a little break and get your mind clear because i think you already got what it takes to read the markets - it is just your lack of concentration and overtrying to be successfull.... you know better than most what the macds are telling you, you know what certain pictures and patterns tell you and you know - more or less - what to expect from the TF...
take a break, enjoy yourself, go out for dinner and take some vacation... you deserve it... then come back with a clear mind and start doing what you wanna do...
i think you are already in such a routine, repeating the same mistakes over and over again that it really doesnt matter if you are trading weeks without a pause or just one day because you already have your behaviour developed...
what also came to my mind while watching your videos is that you should focus more on bigger timerframes when getting into a trade... i know you wanna trade 144 tick but this chart is only good for entries when you are confirming your entries by looking at higher frames like 440 or 610, otherwise you end up with a lot of noise...
again... i dont wanna be some smart ass... its just my impression...
Last edited by ollivermilton; February 8th, 2012 at 07:07 PM.
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