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Chikot
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"Just Oil"
in
Experienced Traders
Aug 04, 2011 at 17:18
Wow, been away came back to find this huge drop. Trend line and previous high did not hold. Market really has bad feelings about economy if oil with all supply problems drops like this. It dropped exactly from where I expected it to reverse practically few minutes after I left.
"Just Oil"
in
Experienced Traders
Aug 04, 2011 at 13:06
I will not trade but oil is going towards pretty interesting point. Might be a hell of opportunity to short the thing if price action is right. I would not go long yet.
A Honest journal
in
Experienced Traders
Aug 04, 2011 at 13:03
Oracle, just checked on E/U. That some excellent trading opportunities there. Have not checked pivot points but you must be making killing there.
"Just Oil"
in
Experienced Traders
Aug 04, 2011 at 12:56
Oh jeeze, haha, as I expected. Price bounced back up exactly where my previous stop was. had I let profits run would have needed with BE trade. Today's loss was ok. I was patient and acted as per plan. Happy with today's trading. Let's move to another week.up 1.6% for a week which is within my goal however should have had a hell of a week had I been more patient like today. will try to keep it this way next week and beyond.
"Just Oil"
in
Experienced Traders
Aug 04, 2011 at 12:53
That's it. Week is done. Made 0.4% today. I was late to PC when saw that break down already happened. so, I waited for price retracement and finding resistance than shorted. Opened the smallest position. Got stuck as it got clear to me guys were cleaning orders. Unfortunately my stop got triggered just minute before price dropped, but I entered immediately after seeing that price is falling again with bigger size. Moved stop to BE quickly. However decided to take profit quickly and stop trading as price is between 2 daily trend lines. as I expect very high and crazy volatility. Will be on ...
A Honest journal
in
Experienced Traders
Aug 04, 2011 at 09:17
Bruce, I told once no. Isn't it enough?I am not interested in participating in your feuds with other guys on Oanda forum.I am also not interested in Forex competitions.Please ask someone else or use one of your another handles to post this information.Take care
A Honest journal
in
Experienced Traders
Aug 04, 2011 at 09:15
For that you need substantial capital to trade with small risk.I do not, hence I am working on my skills to sell them. I see nothing bad in having the Boss as long as I am treated well....
A Honest journal
in
Experienced Traders
Aug 03, 2011 at 20:07
I agree with your classification.Once someone makes it in trading, he dissapears from forums. I am trading to make it and to prove myslef to prospective investors. This is the only reason I am here.
A Honest journal
in
Experienced Traders
Aug 03, 2011 at 19:40
LOL, Oracle, you do not mean to be rude but you are 😄If I had my own funds to trade and make living like you do I would not even bother to post anything here at all. Generally we are both here doing same things. Turning from losing/ break even traders into profitable ones.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 16:26
just touched that trend line.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 16:23
0-6-0.7% up today but should have been more. Have no idea why i did not see what I was doing and closed that trade. Probably not enough sleep. I will call it a day. Price has approached daily trend line. I was targeting this area and closed my last trades few pips above it. It has just break under but still has not reached trend line.Will resume trading tomorrow. Looks like market has extremely bleak economic outlook if oil breaks this trend line and previous low.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 13:46
😭
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 13:44
closed shorts too early obviously. cause made that stupid mistake. it messed my concentration.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 13:41
Raider, oil news is coming. Might be good volatility.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 13:41
I took long but closed at BE. came too late to PC to open trade with smaller stop. it moved already too far, so, I decided if no momentum taking me quick up i would close if it returned to my open price which it did.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 13:39
scalped that money back plus some.
"Just Oil"
in
Experienced Traders
Aug 03, 2011 at 13:39
Oh crap, wanted to add to my short position instead closed trade. messed me. gotta be careful.
A Honest journal
in
Experienced Traders
Aug 03, 2011 at 13:29
Relax man, emotions are ever present. He cuts his losses and despite rare emotional outbursts like this he will be fine. I just wonder why are you so emotional? 😁
A Honest journal
in
Experienced Traders
Aug 03, 2011 at 13:14
I do not remember that Oracle was ever speaking about having fixed risk to reward. He simply expressed pity that he closed for 6 pips and market moved price further.It all depends upon the strategy used and where the entry is. In any case I think he knows what he is doing.
A Honest journal
in
Experienced Traders
Aug 03, 2011 at 13:04
walker, and why is that? Oracle is doing well. why should he change anything? Nobody cannot win all the time.When trading manually tiredness and things that disturb and take eye from the ball screw things considerably. My yesterday's trading is a point. Would not go into details but we are having major project of our own, LOL.
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