Ratman's beginner's set up and analysis

This is a discussion on Ratman's beginner's set up and analysis within the First Steps forums, part of the Reception category; Originally Posted by superspurs we can all draw trendlines,but trading is mainly about managing risk.so when you think you have ...

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Old Mar 23, 2009, 11:29am   #46
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Originally Posted by superspurs View Post
we can all draw trendlines,but trading is mainly about managing risk.so when you think you have a good entry,expect to lose until the market proves you right.so therefore when you enter try to lose as little as possible,and size your position appropriately.
That was a weekly trend

All time frames are showing there will be some decent action
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Old Mar 23, 2009, 11:43am   #47
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Technically Fundamental started this thread I'm watching this.

USD has weakened so I'm thinking we're either gonna see a temp rejection of the next level then supp or res at 136694 ish (see daily... this was a support level back in aug 07).

I think this is a safe short at the moment for a short term trade of a day or two.

The hourly is looking more promising since I've been writing this and has hit res at my weekly trend level...

What do you guys think?
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Old Mar 23, 2009, 12:02pm   #48
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Technically Fundamental started this thread Hourly line is now showing a poss H&S and half hourly candles are showing rejection of trades above my weekly trend line

I'm goin in short on this... stops at 137....

is that a poor stop?

anyone got any ideas on whether this is a poor trade?

Last edited by Technically Fundamental; Mar 23, 2009 at 12:14pm.
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Old Mar 23, 2009, 12:25pm   #49
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Any reason why it's *at* 137?

Would personally put it 13740, based on a 3H BEOB but that's just me.
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Old Mar 23, 2009, 12:29pm   #50
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Technically Fundamental started this thread Aug 07 rejection level... Daft idea now I think about it. If it approaches 137 chances are it will definately trade above that level...

Thanks dude

Also I'm tring to work on getting stops as tight as possible whilst I'm trading demo.

I dont have 3 hr chart only hourly/daily

wtf does beob stand for?
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Old Mar 23, 2009, 12:38pm   #51
 
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Originally Posted by Aaronmalins View Post
Aug 07 rejection level... Daft idea now I think about it. If it approaches 137 chances are it will definately trade above that level...

Thanks dude

Also I'm tring to work on getting stops as tight as possible whilst I'm trading demo.

I dont have 3 hr chart only hourly/daily

wtf does beob stand for?
Bearish outside bar :-)
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Old Mar 23, 2009, 12:41pm   #52
 
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Quote:
Originally Posted by Aaronmalins View Post
Aug 07 rejection level... Daft idea now I think about it. If it approaches 137 chances are it will definately trade above that level...

Thanks dude

Also I'm tring to work on getting stops as tight as possible whilst I'm trading demo.

I dont have 3 hr chart only hourly/daily

wtf does beob stand for?
lol pmsl beob -is a good question got me beat - just ignore me
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Old Mar 23, 2009, 12:43pm   #53
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Technically Fundamental started this thread meaning... sellers controlling the market?

I don't see where how you draw that conclusion...

Anyone care to elaborate lol


What TF are you on? I'm only on half hourly, hourly or daily

Last edited by Technically Fundamental; Mar 23, 2009 at 12:50pm.
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Old Mar 23, 2009, 12:49pm   #54
 
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Originally Posted by Aaronmalins View Post
meaning... sellers controlling the market?

I don't see where how you draw that conclusion...

Anyone care to elaborate lol
Hi Aaron,
Worth having a read of this is you're interested in BEOB's etc.
james16 Chart Thread
All the best
Rob
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Old Mar 23, 2009, 12:52pm   #55
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Technically Fundamental started this thread My target is 136220

Second lowest trade of the day...

Is that stupid logic?

I have a problem with trade exits. More often than not, I exit a profitable trade too early.

Last edited by Technically Fundamental; Mar 23, 2009 at 12:57pm. Reason: Sickening grammar
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Old Mar 23, 2009, 12:53pm   #56
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Originally Posted by kitejedi View Post
Hi Aaron,
Worth having a read of this is you're interested in BEOB's etc.
james16 Chart Thread
All the best
Rob
I know what they are but I cant see one in my timeframe :-S
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Old Mar 23, 2009, 1:04pm   #57
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Technically Fundamental started this thread Am I the only newb or are there others who just dont really want to be part of the thread?
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Old Mar 23, 2009, 1:18pm   #58
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Technically Fundamental started this thread Do you people actually think I'm that Spanish 89?
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Thanks! The following members like this post: rawrschach
Old Mar 23, 2009, 1:24pm   #59
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lol

dude you're nothing like him

Take the 1H bar that made today's high, add it to the 2 subsequent bars. That gives a 3H beob.
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Old Mar 23, 2009, 1:27pm   #60
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Technically Fundamental started this thread thank f for that lol.


thanks for the 3h info - a big duuuuuh to myself lol

I've already exited the trade :-(

978 margin and 730 profit...
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