Recent content by Vrothdar

*jumps back into the thread* In response to North5 asking if there had been any sign of me or how my ideas were working out: They're not really. Unfortunately the personal problems that stopped me developing my ideas a while ago are still causing problems now even though at one point I had...

Well I'd have been caught by the massive gap down on the last candle and would have exited asap. Result: Exited too early on my first trade - still a profitable trade Second trade was a smallish loss.

Also keeping my stop under the low of 12.

Well I'm back at it. Disappointed it's taken me so long but at least I've got some idea of how personal problems can affect me with regards to trading and can make allowances for it. It was my birthday on Monday so I've put the money I received in a new savings account that I'll add to while I...

I'd be moving my stop up to the low of candle 12 to guarantee a small profit on my second trade but give a little room for movement.

I'd be doing the same as barjon again. Stop moved to low of candle 10.

Well I'd be long again with a new trade and a stoploss at the same level barjon metions in his notes - the low of candle 9.

What I was trying to get at is that if it were just said that instrument x is going to be the focus this week people would post their views based on whatever trading methods they use. I don't think people (particularly newbies) would learn a great deal from that. The beauty of this thread is...

I like that idea priceman. I think it'd work very well if done in the same kind of format as barjon is doing as it helps those of us (like myself) without access to data feeds etc. I suppose EoD daily data could be used to work around that although I do quite like the fact that everybody is...

Well I've been stopped out. I think I had my stop too tight really as I agree with Barjon's notes. If the price passes the open of candle 9 I'll be going long. Shame that I'd be paying twice the commission and missing out a chunk of the move but that's what you get for putting stops too tight I...

Not really sure what to say. Just seems like further confirmation to me that there is a lot of uncertainty in the market. Part of me wants to say that I'd tighten my stop right up and catch a shorter term short in the reversal/retrace should it occur. The more conservative part of me says that...

Seems to me like a bit of an exaggeration of the previous bar - people are waiting to see which direction the market goes in. I'm expecting a big move soon. I'd move my stoploss to the close of candle 5 as I think that if the price reaches this level it'll carry on with quite a bit of strength...

Would you say that this is true in both directions? ie if a resistance level is broken there is a lower chance of it acting as support than there was for the resistance to hold in the first place?

Thanks for clearing that up.

Interesting thread so far. One question though regarding the following quote. What measure tells you (or anybody else) that the 50% level is more significant than others? Is there a reason for it beyond lots of people saying that 50% is important resulting in a lot of people watching that level?