Recent content by trade2finind

My RR is +8/-4 but that rarely pans out. MM is alright, I only trade 6% of my account at any 1 time; I keep to my stoploss plan. I'm only into TA and not MA. Not sure what you mean by "chopsticks". I agree that I should clear my head 1st before proceeding.

Feb 2, 2011 Uptrend mkt but I bucked the trend again. Noticed a piercing line pattern and jumped in with a BEAR. Sideways mkt until got stopped for 4 tick loss. No business entering that trade.

Jan 31, 2011 I decided to (unwisely in hindsight) rush into the market w/ a BEAR just a few minutes from the opening bell after a strong downward movement on the index. Market acted irrationally (surprise) and proceeded to head towards 23,400. I decided to extend my stop loss pt and ride it...

Jan 25, 2011 Thought the market was heading down but in hindsight the indicators were not clear enough to show a sustained move. As soon as I bought a BEAR, the market immediately shot straight up. I stubbornly held on longer than I should have but somehow escaped with a mild profit. I...

Jan 19, 2011 The index opened above last day and I usually let it run at least 1/2 hour to see the trends. I missed an entry point @21.38 and also the period around 22.00. After 22.20, it started going back down and I anticipated support either at 24,325 or 24,313, the latter of which proved...

Jan 18, 2011 After taking a long hiatus, I resumed trading for the 1st time in 2011. I watched the market intently for the 1st 1/2 hour as it slide down rapidly but by then it had rebounded and was purporting to make a 'V' pattern. The line then met resistance of last day's 24,294 level and...

bump

Right now I'm getting killed by the crappy HKD/CAD exch rate since HKD is pegged to the USD and USD has been flushing down the toilet for anyone knows how long. Just wondering if this argument makes sense: -if HKD's peg to the USD is removed, it will probably be overnight and w/o any warning...

When I say 'job' I mean the rat-race variety.

Exactly. It's like ppl saying they "love" their jobs but what if no $$$ was involved? A lot of ppl are disillusioned into thinking that they love their job, when it is just a means to an end.

20 Oct 2009 Lack of fundamentals did me in again. 1st trade was looking bearish, so bought a put@0.124 once it breached the day low...but I should have been aware of support ZONE, it isn't a support 'line'. As such, HSI bounced back and I got stopped @0.12. 2nd trade was more of a...

I guess you love to trade then, OP?

Thanks for your invaluable comments. I hear what you are saying, but how does one go about finding a good set up/trigger? I'm not asking ppl to give them to me, but if there are examples of how ppl did it or the path they took to get there and reach that "aha!" moment, that would also be...

19 Oct 2009 Today was frustrating. I watching the whole morning the HSI going up and up and up but still didn't make a move. The afternoon was similar, but with a strong opening but then a sideways mkt for nearly an hour until another upward break. I went in with a call after things settled...

Will CAD>USD for the indefinite long-term?