Here is my last trade. It took me 2 tries. Counter-trend trade so I didn't get too greedy.
Overview:
Trade:
Monday, August 8, 2011
Euro Trades
6 trades today all on Fiber. - 0.2R, B.E., -0.5 R, +0.80 R, -0.3 R, and + 1.0 R.
Here is my last trade. It took me 2 tries. Counter-trend trade so I didn't get too greedy.
Overview:
Trade:
Here is my last trade. It took me 2 tries. Counter-trend trade so I didn't get too greedy.
Overview:
Trade:
Saturday, August 6, 2011
Richard's Trade?
Richard posted the log of his 2 CL trades yesterday. He didn't post a chart...perhaps he is getting lazy in his retirement ;). I tried to re-create the scenario.
Perhaps this is what he saw. Spike and channel within a head and shoulders reversal.
This is a 15 minute chart. I couldn't get a 5 minute chart to go back to where his trade was entered.
Perhaps this is what he saw. Spike and channel within a head and shoulders reversal.
This is a 15 minute chart. I couldn't get a 5 minute chart to go back to where his trade was entered.
Gordo sent me a 1 minute chart. Thanks Gordo!!
Gordo's setup.
Friday, August 5, 2011
Story of the Day
Once there was a wealthy but foolish man. When he saw the beautiful three-storied house, he envied it and made up his mind to have one built just like it, thinking he himself was just as wealthy. He called a carpenter and ordered him to build it. The carpenter consented and immediately began to construct the foundation, the first story, the second story, and then the third story. The wealthy man noticed this with irritation and said: - "I don't want the foundation or a first story, or a second story; I just want the beautiful third story. Build it quickly."
A foolish man always thinks only of the results, and is impatient without the effort that is necessary to get good results. No good can be attained without proper effort, just as there can be no third story without the foundation and the first and second stories.
What is the foundation of your trading?
A foolish man always thinks only of the results, and is impatient without the effort that is necessary to get good results. No good can be attained without proper effort, just as there can be no third story without the foundation and the first and second stories.
What is the foundation of your trading?
Trades and Servers
I was kicked off Oanda's server for some reason, and couldn't log back on for 5 minutes. I was in the middle of a trade. Cost me some $. Apparently some clients were having trouble logging on. I was kicked off, and couldn't log on. Their response to my questions:
OANDA: Thank you for choosing OANDA. How may I help you?
Sheldon: hi. i had problems logging onto fxtrade. I was in the middle of a trade, and was disconnected....at around 7:35 central
Sheldon: was there an issue with your servers at that time?
Sheldon: my internet connectionwqas fine, and I tried 2 different computers of mine to log back on...to no avail for a few minutes
OANDA: There were some client noticing an inability to login to the platform at 8 32 AM EST. Clients who were logged in were still able to trade. The technical team was informed of this and resolved the matter within a few minutes.
OANDA: Did you contact us at the time you were experiencing the issue you have indicated?
Sheldon: i was logged on and was kicked off.
Sheldon: during that time, and during a trade.
Sheldon: I don't see whether or not I tried to contact you is a relevant question.
OANDA: As you have indicated you were unable to access the platform. Had you contacted us we would have been able to assist with troubleshooting so that you could have resumed trading or had your trades closed if you were concerned as to any losses being made.
Sheldon: the issue is the platform was down, there was no troubleshooting to be had. As you may well be aware things happen fairly quickly after news events.
OANDA: OK. If you want any trades looked into you will need to provide ticket numbers for these trades.
Sheldon: thank you
OANDA: You will then be emailed once investigation of these trades is complete
I have had no problems with Oanda thus far. And I have been told they are among the best. This is my first issue with their server.
Trades:
6 trades today, - 0.8 R, B.E, -0.6 R, + 1.0 R, -0.1 R, and +1.4 R.
Here is my short Aussie dollar trade. We are obviously in a downtrend, and I played what I hoped to be a false break from the box.
Overhead chart:
Trade:
OANDA: Thank you for choosing OANDA. How may I help you?
Sheldon: hi. i had problems logging onto fxtrade. I was in the middle of a trade, and was disconnected....at around 7:35 central
Sheldon: was there an issue with your servers at that time?
Sheldon: my internet connectionwqas fine, and I tried 2 different computers of mine to log back on...to no avail for a few minutes
OANDA: There were some client noticing an inability to login to the platform at 8 32 AM EST. Clients who were logged in were still able to trade. The technical team was informed of this and resolved the matter within a few minutes.
OANDA: Did you contact us at the time you were experiencing the issue you have indicated?
Sheldon: i was logged on and was kicked off.
Sheldon: during that time, and during a trade.
Sheldon: I don't see whether or not I tried to contact you is a relevant question.
OANDA: As you have indicated you were unable to access the platform. Had you contacted us we would have been able to assist with troubleshooting so that you could have resumed trading or had your trades closed if you were concerned as to any losses being made.
Sheldon: the issue is the platform was down, there was no troubleshooting to be had. As you may well be aware things happen fairly quickly after news events.
OANDA: OK. If you want any trades looked into you will need to provide ticket numbers for these trades.
Sheldon: thank you
OANDA: You will then be emailed once investigation of these trades is complete
I have had no problems with Oanda thus far. And I have been told they are among the best. This is my first issue with their server.
Trades:
6 trades today, - 0.8 R, B.E, -0.6 R, + 1.0 R, -0.1 R, and +1.4 R.
Here is my short Aussie dollar trade. We are obviously in a downtrend, and I played what I hoped to be a false break from the box.
Overhead chart:
Thursday, August 4, 2011
Gold Trade Result
Stopped out on trailing stop. This win just covered my lousy previous couple gold trades.
Gold
Last gold trade stopped out. I also attempted to reverse....for a small loss. Then went long. Anyhow, long is my bias, and I am trading my bias vice waiting for a great setup. I am long gold, and luckily my bias trade is setting up into a decent breakout trade of this saucer. Not too happy with my trading.
I have traded my bias before, and it rarely works out. So when do I bias trade? When I don't see any proper breakout or breakout-pullback trades that I trade 99% of the time. This is impatience and trying to outsmart the market. There, self-critique complete. Today is the day I become super duper disciplined.
As I finish this entry, gold is breaking out and rewarding me for being undisciplined.
I have traded my bias before, and it rarely works out. So when do I bias trade? When I don't see any proper breakout or breakout-pullback trades that I trade 99% of the time. This is impatience and trying to outsmart the market. There, self-critique complete. Today is the day I become super duper disciplined.
As I finish this entry, gold is breaking out and rewarding me for being undisciplined.
Wednesday, August 3, 2011
Gold
New plan. New trendline looks like it is established. Red line my stop, target....the moon. I will adjust it accordingly. Nice 15 minute pin bar formed after my entry.
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