Chikot' की पोस्ट- पेज77

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 22:40

That's pretty far behind schedule I suppose. Wish you to end it asap :)

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 20:42

Yeah, this is my first, but we are planning one more later. How long till the end of your project?

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 20:38

To be frank, I would do same but say would risk half of my daily gain I made before. Unfortunately, I cannot take trade with less $0.01 per pip, so, I cannot do it. I was reading statistics. Many traders start day positive but then hunting for more lose their wins and then some. so, I prefer to bag profits and move on to the next day. To start taking further trades I need to improve my hit rate to say 70% at least. The most important is consistency.

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 20:30

My trading time is usually from 4:00 a.m. to about 6:00 a.m. when i work and then from 9:30 a.m. to 1:00 p.m. this is why I trade only oil. Perfect timing. I get up all alone, take coffee and start watching, no one bothers me at night.But we are having baby coming within 3 weeks and wife is going to be at home for the whole year so I am bracing for some disturbances during trading hours 😄

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 20:27

BTW, Oracle, if you made first trade and you won your daily goal. will you be looking for another trade or call it a day?I usually stop trading after I made some good trade and up for a day. Now there was excellent short opportunity again when price failed to break yesterday's high. But I just watched it and did not take the trade. My thinking was, it is good probability and risk is ok, but still there is always a chance to loose and I am up today. so let it be. I think after that upper line of triangle was broken you could be 90% sure that price went to test that broken trend line. way mo...

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 20:12

Oracle, are we related? we both leave too much on the table , LOL. Anyway, you are a scalper. so, it is ok to pick your goal. i know how dangerous it is to try and change one's nature. i tried to turn swing/ trend trader last fall/ winter. It was bad. It is not who I am, so , i am happy with less pips. although yesterday I should have picked more 😕what I want is to improve my hit rate. I can be right but get kicked out at first attempt like yesterday and today and make up and gain on second attempt. may be stop is too tight or first entry is too early. it kind of hold me back. my a...

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 18:48

I see. I noticed that not all foreign brokers accept Americans. I am not sure but US citizens cannot open account with FXPrimus.

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 17:33

One of the reason I stopped trading currencies are these constant news. I have no understanding of fundamentals influence upon currencies and tended to trade at night London open as there is no news at the time. But now, due to my working schedule I cannot get up as early and leave earlier . No time for currencies as these trades can last a long time. Moved to oil due to all this.

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 17:10

<a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/837/eurusdt.gif/'><img src='http://img837.imageshack.us/img837/6435/eurusdt.gif' border='0'/></a>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>here is what I see. you are in triangle after trend line got broken so it is consolidation. it might work as there is support.I used to take those trades in similar triangles but completely stopped doing it. very heart breaking and ...

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 16:40

Long or short?

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 11:38

I think USA has made a lot of mistakes in the past few decades. 1. It was bad idea to move manufacturing and think that it is post industrial world and USA can keep her position by moving high tech and services. Manufacturing is a foundation of everything.2. Constantly reducing taxes while increasing expenditures. USA has dig pretty deep hole by now. I have no idea how this will play out especially with the kind of leadership USA has got and the governing system of check and balances which is fine in normal times but it is not normal times. Deciusions must be made quickly and enforced without ...

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 10:57

Yesterday got head ache just in time. I clearly saw what was going on and was ready to go short. suddenly got that head ache and I cannot think straight when it happens. price dropped 350 pips in a matter of 10 min and risk would have been absolutely minimal 30-40 pips.

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 10:53

I also noticed that my stops in most cases just get hit by few pips and reverse. yesterday and today. stop was at 81.90. price hit 81.82 the lowest and went up. I would widen stops had I been able to have smaller size per pip.

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 10:46

Experience says that it is hard to see things clear before the coming news. it can all reverse and drop like a stone too. the trend is still down despite upper trend line broken. But the drop of price was so steep that I see no other trend lines to downside until very high. as a rule such steep drop should cause nice rally. so far price has been making higher high hence I only was looking for longs. let's see after news what will happen. anyway, ia m already in the money.

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 10, 2011 at 10:44

Made a couple of trades. 1 loss 1 win. Actually I saw opportunity to go long after 81.85 break out but because liquidity was so low and everything was slow I hesitated although there was clean signal with small risk. then entered after break of 82.45 on retracement but got stopped. waited how things will turn and went long again this time made a win but closed 20 pips before target. it got hit just few seconds after I closed position. I think the guys gonna run price up to at least 84.00. But oil inventory news are at 9:30. I decided it would be better to bag some pips and start looking for tr...

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 09, 2011 at 17:50

80 pips and counting from the potential entry. I just do not feel well so decided to not to trade.

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 09, 2011 at 17:48

yeah, it's already working.

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 09, 2011 at 17:46

Ok, decided to call it a day. +0.6% today. watching this level but will not trade anymore. It might be great short in there but I just do not care today.

"Just Oil" अंदरअनुभवी ट्रेडर्स Aug 09, 2011 at 17:15

Shorted oil but closed as almost forgoy that FMOC news coming. now gotta be careful. For now price was slowly going down but upper trend line can be tested again . better to be flat during this kind of news.

A Honest journal अंदरअनुभवी ट्रेडर्स Aug 09, 2011 at 14:47

Yes, as it usually does.So is oil. Gotta go somewhere. testing upper trend line at the moment.

EURUSD	1.02143	GBPUSD	1.21348	AUDUSD	0.61352
USDJPY	157.346	USDCAD	1.44402	USDCHF	0.91738

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