Diary of a swing spread better

[chindl]

6 point loss - see chart - missed a rounding bottom for a quick 20 pts due to staying in following early exits yesterday!!!

 

[Slapshot]

Never mind Chris. Still up for the day.

Approaching the 100ema again, if it bounces 10800 could be on the cards.

 

[Slapshot]

It's not formed that clearly but there appears to be a triple bottom on the RSI over the past 20 mins.

 

[Slapshot]

I was just about to post this triangle, when it cleared to the upside....

 

[Slapshot]

The 5 min chart proves very interesting, I count 5 attempts since yesterday to breach that trendline

 

[chindl]

Just missed a great move, but puttin kids down, I'm out from about 445 to 1900... Bistard

 

[Slapshot]

Positive divergance on CCI & RSI?

 

[Slapshot]

That's me done for the day. Off to enjoy Rik Mayall in The New Statesman.

All in all a rubbish day. Long off the bounce at 5:40ish which failed. So 2 trades 2 losses today. Hey ho, tomorrow is another day, just gotta learn from the mistakes.

Have a good night all.

 

[chindl]

Just made me 6 pts back on a risky scalp on the push up, went in when the hammer was supported second time. Not my style to take a 2 min trade, but I did then, out at 80, as there's resistance there now.

 

[hungvir]

My turn to get 16 points on this down swing. This market is crazy and if I can't trade the first or second pullback since the trend changes, I would stay away.

 

[hungvir]

6 point loss - see chart - missed a rounding bottom for a quick 20 pts due to staying in following early exits yesterday!!!

Hi Chris,

I can't open the attached file. But I assume profit needs to be taken quite early in this choppy market.

Good trading,

H

 

[hungvir]

Gave back 9 points on this failed signal. It may still go down (or range-bound) but I am not accepting bigger risk for potentially bigger return here.

 

[hungvir]

Will it push thru 10760?! If it is I'll buy the next pull back from there.

 

[hungvir]

Even before I finished posting it already went up to 10766 then closed down a bit.

 

[hungvir]

Now we have a clear change in the momentum. The question is for how long and if it will ever offer me a three consecutive red bars to jump in.

 

[hungvir]

Well, there've been six consecutive red bars now. Too many of them and the momentum has changed to down again.

 

[hungvir]

Might have gotten it wrong there. I thought when the low in blue circle was breached, the momentum had changed yet again. It did not seem like it.

But I may be better off watching the World Cup anyway so that will be it for me today. Just seven points up.

Good trading everyone,

Hung

 

[hungvir]

I hope no one missed as many chances as the German In hind sight, the DOW actually offered me a very good price to jump in but I misread its good intention. Thank you any way Mr DOW

 

[hungvir]

That's me done for the day. Off to enjoy Rik Mayall in The New Statesman.

All in all a rubbish day. Long off the bounce at 5:40ish which failed. So 2 trades 2 losses today. Hey ho, tomorrow is another day, just gotta learn from the mistakes.

Have a good night all.

Have a good night, Slaps! You have another 8 trades to go before the score is settled

 

[hungvir]

Yeah I know mate which is why I'm kicking myself. I still believe the system needs some tweaking for the Dax, maybe the +/20 is too great. Time to take a step back and reassess the situation me thinks

Slaps,

I hope you trade small enough if some tweaking still needs to be done. I am very comfy now with my stakes as I've found a 'just right' level

Good trading

Hung