Another trade missed... WTF

Technically Fundamental · Oct 7, 2009

That usd/jpy went from 88.00 to 88.82 in half an hour. I had a target to enter on the break of prev bar high after a blatant fakeout at a confluence of major supports and support in a ranging down-channel. Round number low, no proper test of resistances with nice space to the upside. Mega divergence on 4 diff time frames. Hourly DX a turn signal at support. Dunno what else I could have asked for. Only thing aginst it was that it was counter-trend. Threw two hours away by not taking it. Never used to understand how much my having a small account affects my ability to trust in my own judgement. Oh well I think I've offloaded enough for today. Suppose there's money to be made for traders with balls and a decent wallet

GammaJammer · Oct 7, 2009

Barrier at 88.00, real low 88.01, then all sorts of interesting names buying it back up. No-one's looking at the charts on this today mate..

Technically Fundamental · Oct 7, 2009

Feel a bit better now

Thought they said they weren't gonna bite?

trader_dante · Oct 7, 2009

Technically Fundamental said:
That usd/jpy went from 88.00 to 88.82 in half an hour. I had a target to enter on the break of prev bar high after a blatant fakeout at a confluence of major supports and support in a ranging down-channel. Round number low, no proper test of resistances with nice space to the upside. Mega divergence on 4 diff time frames. Hourly DX a turn signal at support. Dunno what else I could have asked for. Only thing aginst it was that it was counter-trend. Threw two hours away by not taking it. Never used to understand how much my having a small account affects my ability to trust in my own judgement. Oh well I think I've offloaded enough for today. Suppose there's money to be made for traders with balls and a decent wallet

Don't worry that you missed the BOJ intervention

Look for exhaustion and sell the rally.

I'm not joking by the way.

That thing will be below 87.00 soon enough.

Masquerade · Oct 7, 2009

That's a bummer....

Maybe if you worried about less things you'd take the trade.

Technically Fundamental · Oct 7, 2009

Masquerade said:
That's a bummer....

Maybe if you worried about less things you'd take the trade.

hahahahahahahaha

have you ever met an accountant before?

Masquerade · Oct 7, 2009

Yes, I have an accountant friend and I despise him. He's so risk averse and happy to take a few % over the year. The way he's so risk averse he may as well be dead. Oh, and he tries to give me gambling tips though he doesn't gamble - what a ******.

Technically Fundamental · Oct 7, 2009

GammaJammer said:
Barrier at 88.00, real low 88.01, then all sorts of interesting names buying it back up. No-one's looking at the charts on this today mate..

How the hell are you supposed to compete with that kind of information

Masquerade · Oct 7, 2009

Technically Fundamental said:
How the hell are you supposed to compete with that kind of information

Either pay a lot of money, or don't try to compete on that level.

Rossini · Oct 7, 2009

Technically Fundamental said:
How the hell are you supposed to compete with that kind of information

I honestly dont think you need to. Just try to take a piece from the middle with low risk and move on to the next trade.

GammaJammer · Oct 7, 2009

Wasn't BoJ and wasn't intervention fyg

Technically Fundamental · Oct 7, 2009

what then? more cash flow stuff?

Old news now mr insider we can be let in can't we?

trader_dante · Oct 7, 2009

GammaJammer said:
Wasn't BoJ and wasn't intervention fyg

It wasn't anyone with half a brain either.

GammaJammer · Oct 7, 2009

N'aschi.....

foredog · Oct 7, 2009

Who cares who made it go up, you'd have still missed it if it was Santa Claus moving the market. If you were going to trade becuase X and Y were happening then trade. If not don't.

Technically Fundamental · Oct 7, 2009

GammaJammer said:
N'aschi.....

Can't help it can you...

Technically Fundamental · Oct 7, 2009

foredog said:
Who cares who made it go up, you'd have still missed it if it was Santa Claus moving the market. If you were going to trade becuase X and Y were happening then trade. If not don't.

I'm trying mate. I'm still a s1tbag.

foredog · Oct 7, 2009

Technically Fundamental said:
I'm trying mate. I'm still a s1tbag.

Just keep it simple.

You seem to start trading OK and then suddenly have a loser and go off looking for a better method or reasons you shouldn't have taken the trade.

We all have those feelings sometimes. Just get on and trade, keep the losses little and make sure that when you get a runner you trail the stop or something so that 1 winner can pay for a few losers.

Masquerade · Oct 7, 2009

Just trade like this guy - it's as good as any trading method.

http://www.trade2win.com/boards/trading-journals/54694-how-not-make-money-trading-markets.html

Technically Fundamental · Oct 7, 2009

Thats what I'm like when I start looking for a new method lol.

Another trade missed... WTF

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