Not really - and to be frank I should have waited a bit longer...
I'm not going to complain about a profit, but I'm glad I got another shot at 1172 - I actually didn't intend to day trade today but it's working out pretty nicely considering it's just going rangebound.
I'm not going to complain about a profit, but I'm glad I got another shot at 1172 - I actually didn't intend to day trade today but it's working out pretty nicely considering it's just going rangebound.
mofo said:
can i just say that what's happening, has nothing to do with programme buying/selling. although the market has been dull today until just now, it has still worked according to MM principles as you can see from my entries.
that's not to slate someone else's opinion, and it's also not to say i'm going to get it right every time either, but i will always take responsibility for my own bad trades and will not blame other factors. that's part of why MM is so appealing. as soon as you start blaming external factors you betray the fact that you're not in control of your own trading plan.
i've just closed my shorts and will look to re-enter around 1170 and with a very tight stop - may even consider 1168ish but will say when.
that's not to slate someone else's opinion, and it's also not to say i'm going to get it right every time either, but i will always take responsibility for my own bad trades and will not blame other factors. that's part of why MM is so appealing. as soon as you start blaming external factors you betray the fact that you're not in control of your own trading plan.
i've just closed my shorts and will look to re-enter around 1170 and with a very tight stop - may even consider 1168ish but will say when.
FetteredChinos said:looks like programme buying/selling...?
offloading posns bought yesterday perhaps?
i'm in for a small long at 1161.5
...
i have to admit, this could be premature for a long - have to extend my sell stop to below 1158 and take a drawdown
...
in my excitement i made a small miscalculation - nothing too serious but i should have waited for 1159 area but was too thick to do some simple calculation in my head! anyway, i'm sure you'll forgive me
...
i have to admit, this could be premature for a long - have to extend my sell stop to below 1158 and take a drawdown
...
in my excitement i made a small miscalculation - nothing too serious but i should have waited for 1159 area but was too thick to do some simple calculation in my head! anyway, i'm sure you'll forgive me
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BTW - these posts have been for day-trading - i also have a longer term short on from a while ago at an average price of 1176.
i have to say - longer term trading is much less strenuous, but this has been a fun day. look for the upward retracement tomorrow, though a new low is also on the cards.
i have to say - longer term trading is much less strenuous, but this has been a fun day. look for the upward retracement tomorrow, though a new low is also on the cards.
thanks tony
not yet - but i do know people who love trading mm with the cable in particular.
to be honest i didn't even look at the news - you don't with mm. it simply didn't matter what happened in the news, during the last few days it was clear to us that we weren't going to get above the 1179 area again for a while.
being brutal, if mr copan had seen me trade today he would have crucified me because i made a couple of silly miscalculations and was a bit trigger-happy. but that's simply my lack of experience with the technique, which psychologically, i still have to get used to a bit. as i was saying to ferrari earlier, mm has profound implications elsewhere in life, not just trading.
this was a really good day and yet i could have made it even better if i hadn't been silly.
best regards
rob
not yet - but i do know people who love trading mm with the cable in particular.
to be honest i didn't even look at the news - you don't with mm. it simply didn't matter what happened in the news, during the last few days it was clear to us that we weren't going to get above the 1179 area again for a while.
being brutal, if mr copan had seen me trade today he would have crucified me because i made a couple of silly miscalculations and was a bit trigger-happy. but that's simply my lack of experience with the technique, which psychologically, i still have to get used to a bit. as i was saying to ferrari earlier, mm has profound implications elsewhere in life, not just trading.
this was a really good day and yet i could have made it even better if i hadn't been silly.
best regards
rob
tonym said:
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Robster
Im new to this thread and i am interested if the MM predicted the turning point last monday at 1178.87???
Im new to this thread and i am interested if the MM predicted the turning point last monday at 1178.87???
nice work !
Hi Robster
Nice work with the MM system so far !
It was nice to have your comparison with your timing.
The 38.2% retrace held and timing was good between the 5th to 11th May.
looking good so far on this decline.
Im also wondering if between the 16th to 22nd May could see some important timing and reactions.
I need to analyse this time frame in more detail if i can.
cheers Pete
Hello
I havent as yet got MM but Id be curious if robster or any Others who use MM see this next few days as a VITAL timeframe for the Spx / Dow.
The system I use shows some very strong potential time signals between friday to Tuesday.
I suspect if the dow breaks its recent 38.2% retrace of the last 1000 pts range we should see a possible top out between 10500 to 10700 either Friday , Monday or tuesday.
Best estimate would be 10600 to 10666.
Id appreciate any MM comparison.
Pete
Hi Robster
Nice work with the MM system so far !
It was nice to have your comparison with your timing.
The 38.2% retrace held and timing was good between the 5th to 11th May.
looking good so far on this decline.
Im also wondering if between the 16th to 22nd May could see some important timing and reactions.
I need to analyse this time frame in more detail if i can.
cheers Pete
robster4 said:
Hello
I havent as yet got MM but Id be curious if robster or any Others who use MM see this next few days as a VITAL timeframe for the Spx / Dow.
The system I use shows some very strong potential time signals between friday to Tuesday.
I suspect if the dow breaks its recent 38.2% retrace of the last 1000 pts range we should see a possible top out between 10500 to 10700 either Friday , Monday or tuesday.
Best estimate would be 10600 to 10666.
Id appreciate any MM comparison.
Pete