Recent content by robbx

No worries, my sucking trend line made me many sucking pips. By the way Veteren Member, a post of yours from May last year ''Nobody is likely interested in how I got myself into such deep losses but hopefully I'll learn something from my mistiming folly/stupidity '' Well I hope you have learnt...

As it's getting late (I'm trading from Bangkok Thailand) I've closed my Dow trade for 80 pips on the showing of a double top. It may well carry on up from here but I'm happy enough with my 130 pips for the day, that's not including my Silver trade which I will let run. Good night and happy trading.

Thanks for that, I always look at the bigger picture not just the daily but also the weekly and monthly charts.

HI Ho Silver Although this is a thread about trading the Dow I just want to show an example of how looking for and recognizing support and resistance levels can make pips. While waiting for the US markets to open I was watching Silver dropping like a stone and I was looking for a strong support...

Thanks for the trading advice

The market opened in the US and exploded up with a long 5 minute candle. If there's one thing I've learnt from many years of trading it's never to jump into a trade, I always let the price come to what I see as a strong support/resistance level. On the one hour chart I have drawn in my new...

Good luck with that

Exit Trade for 50 pips It was pretty wild ride but one that came good in the end. I decided to take profit when the price ran into a resistance level show in the chart as a thick blue line. It may well go up from here but I'm willing to wait for the US open in about an hour or so before entering...

Yeah I just spotted that. I joined T2W way back but forgot my login details so registered another account. Seems the old account sprang up somehow confusing things when I log in. I'll delete one, or maybe that will delete some posts. I'll just continue with this account.

I think knowing where to place your stoploss is as important as knowing where to enter a trade. I placed my stop at 29176 just below what I considered to be an important support level at 29182 (blue line). Had I placed my stop a few pips below the red support level I would have been taken out...

The price broke through the descending blue resistance line (in above chart) but reacted strongly when reaching the next resistance level at 29263 (blue horizontal line) crashing down wiping out all my gain. My support (red) line still holds with the price hitting and bouncing up again showing...

I have to resist the urge to get out at breakeven when the market goes against me when price hits resistance as in the blue line. As the blue resistance is weaker than the red support I'm hoping it will break to the up side. Time will reveal all.