Video journal: I'm ****e at trading - watch me get better than all of you!

[barjon]

Here's the idea. [B]ALLOW FOR THE BENEFIT OF HINDSIGHT[/B]

If you were longer term swinging you'd still be in with two additions and the final one a tad underwater atm.

If you'd taken them as separate short term trades you may well have been scared out at b/e in trade 2 and be gritting your teeth with trade 3.

 

[myattitude]

Yeah as a non scalper I need to practice the art of holding on to my trades, I do prematurely take my profits once a first low is hit as I don't like seeing the bars come back up to my entry again and my gains dwindling, even though it might be part of an overall downtrend. That's what I did at 14:50, I collected at the bottom of the channel. Interesting insights, I would indeed be up a lot more.

If I'm only betting what I can afford to lose anyway then from now I'll just hold on. Thanks for the good points.

 

[myattitude]

well good job i didnt take the short, it went -65 at one point and would have been surely stopped. That's why I was so reluctant to take it, that's happened a lot to me.

In future, the best way would be to enter from the top res line of the down channel and STAY in the trade, that way any break out downwards or not, I'd already be in.

 

[Jessi_trader]

nice Journal myattitude,

excellent idea !!!

 

[Jessi_trader]

Yeah as a non scalper I need to practice the art of holding on to my trades, I do prematurely take my profits once a first low is hit as I don't like seeing the bars come back up to my entry again and my gains dwindling, even though it might be part of an overall downtrend. That's what I did at 14:50, I collected at the bottom of the channel. Interesting insights, I would indeed be up a lot more.

If I'm only betting what I can afford to lose anyway then from now I'll just hold on. Thanks for the good points.

It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.

-Jesse Lauriston Livermore.

 

[myattitude]

going live

 

[Forexmospherian]

Hi MA

Just back at my desk now

I left last with pullbacks on both EU and EJ after 2 pm and 2 30 pm

Now 3 30 pm was back to scalp buys above 0760

Just checking out charts now for 4 00 pm

 

[Forexmospherian]

EU

R area at 0790 to 0800 with supports 65 to 70

the scalp sell was at 3 55 pm at 0788

 

[be-positive]

is it next week for live call ?

 

[Forexmospherian]

Ideally on EU we want to scalp buy above 62 / 72 area - but then need above 0800 to stay with buys

 

[Forexmospherian]

is it next week for live call ?

Yes we can do some on here with MA - no problem

 

[be-positive]

not me pete

 

[Forexmospherian]

I need to see how your Lrs looked over last 45 mins MA

Will check out your video later

 

[be-positive]

just waiting for theatt to post live call hope its this year (lol)

 

[Forexmospherian]

not me pete

We can all join in ;-)

 

[Forexmospherian]

4 01 pm

0801 on EU now

above 87 on pullbacks - still a buy again

need under 85 and 76 to be selling

 

[be-positive]

is there any afternoon tea going

 

[Forexmospherian]

just waiting for theatt to post live call hope its this year (lol)

he he - the video could watch me multi tasking lol

 

[myattitude]

ok just got here

 

[Forexmospherian]

ok just got here

i need to check back through your video of your chart since say 3 21 pm and 3 30 pm - to see if LRs got you a nice buy on the EU from 0760 area