Wot Happens Next?

foroom lluzers

Veteren member
3,611 135
Of course you could - you are such a genius and from you know where, famous for it's geniuses.

:cheesy:
He wants to know entry exit , that is even simpler to answer .

It all depends on your risk reward expectations , everyone is different and everyone has a different risk tolerance .

It is more to do with trading with patience and impatience anf fear of losing.It is not about trading tp make money , that requires a load of patience and a trader who can sit comfortably with losses.He can't.
 

barjon

Legendary member
10,361 1,594
He wants to know entry exit , that is even simpler to answer .

It all depends on your risk reward expectations , everyone is different and everyone has a different risk tolerance .

It is more to do with trading with patience and impatience anf fear of losing.It is not about trading tp make money , that requires a load of patience and a trader who can sit comfortably with losses.He can't.
Yet again you miss the point. I don't want to know entry and/or exit. I want to know how you might use TA to influence those decisions.

As an addition to earlier: The thread is NOT about my trading, my impatience, my fear, my ease with losses or anything else.

It IS degenerating to becoming about frustration with a pillock though.
 

counter_violent

Legendary member
9,814 2,519
He wants to know entry exit , that is even simpler to answer .

It all depends on your risk reward expectations , everyone is different and everyone has a different risk tolerance .

It is more to do with trading with patience and impatience anf fear of losing.It is not about trading tp make money , that requires a load of patience and a trader who can sit comfortably with losses.He can't.
Is CityBulls website no longer running?
 
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foroom lluzers

Veteren member
3,611 135
Hi Barjon :p

22.60 is second support and 2300 is first suport , break of one support can be a fakey , so break of 22.60 may be serious issue .I would also watch other indices for a correction.

Stop below 22.60 and long at 23.43.If it goes to 24 mone stop to 23 , at 24.50 move stop to 23.50.:p

That is how I trade :p
 

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Pat494

Legendary member
13,985 1,438
Hi Barjon :p

22.60 is second support and 2300 is first suport , break of one support can be a fakey , so break of 22.60 may be serious issue .I would also watch other indices for a correction.

Stop below 22.60 and long at 23.43.If it goes to 24 mone stop to 23 , at 24.50 move stop to 23.50.:p

That is how I trade :p
Hey you forgot the bit about the pint 'o Guinness

:LOL:
 

foroom lluzers

Veteren member
3,611 135
Hey you forgot the bit about the pint 'o Guinness

:LOL:
If you post/include everything into the context , including the worst enemy within , how many pints of guiness did he have to drink for every tick it went against him , he just opened a new can and it went click to block the negative emotions of fear , then trader333 will ban me for going off topic.

I only talked about t/a in this post .

T/a without discussing related human emotions and psychology is a worthless discussion.Discussing t/a trades with psychology of how t/a trades affect the traders , is a much more meaningful exercise.Every profitable method will include psychology of the trade ,the ones which lose can't handle it.Knowledge of psyche will provide a better robust t/a trading method.

A trader was given a profitable method , but he could not live with 100 tick losses , in the end he ended up trading the system on loss aversion method instead of the profitable method.It meant he was closing trades , as they went a few ticks against him and re-opening them, he did not want to lose , although he had the t/a he did not have nerves of stell to trade t/a profitably.
 

barjon

Legendary member
10,361 1,594
here it goes
Far as I recall, fl, you doubled up and lost on that leaving the original stop in place on the first trade and that's now perilously close with the trade underwater (again). This despite your view that 80% (was it?) of breakouts failed.

Maybe my cowardly exit will prove the better bet than your cavalier leave it alone :LOL: . We'll know when the fat lady sings.
 

barjon

Legendary member
10,361 1,594
Far as I recall, fl, you doubled up and lost on that leaving the original stop in place on the first trade and that's now perilously close with the trade underwater (again). This despite your view that 80% (was it?) of breakouts failed.

Maybe my cowardly exit will prove the better bet than your cavalier leave it alone :LOL: . We'll know when the fat lady sings.
"Tra-la-la" she warbled, "''tis all over now."
 

foroom lluzers

Veteren member
3,611 135
"Tra-la-la" she warbled, "''tis all over now."
2250 has to break before it is all over , election uncertainty at present , so not over in long term.:LOL::LOL:

You really want to go for highly volatile stocks , they give quick profits and hugh profits.
 

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barjon

Legendary member
10,361 1,594
2250 has to break before it is all over , election uncertainty at present , so not over in long term.:LOL::LOL:

You really want to go for highly volatile stocks , they give quick profits and hugh profits.
No good being wise after the event, fl :)

Just to remind you (again) the thread was nothing to do with what instrument to trade. It was about using TA as a tool (not a predictor) to trade, in terms of identifying trading opportunity, making the trade and managing that trade.

I happen to believe that it's exits that move your account and that trade/money management is the crucial aspect in a healthy bottom line. I know what I need to take from individual trades (anything more is a bonus) and I'm not interested in hanging on for hopeful home runs although I'll take any bonus which comes without set back.

Thus, I am 100% diverged from your set it and forget it approach.
 

barjon

Legendary member
10,361 1,594
Interesting move this morning, maybe the market thinks the Tories are going to turn to drink to drown their sorrows.
 

foroom lluzers

Veteren member
3,611 135
No good being wise after the event, fl :)

Just to remind you (again) the thread was nothing to do with what instrument to trade. It was about using TA as a tool (not a predictor) to trade, in terms of identifying trading opportunity, making the trade and managing that trade.

I happen to believe that it's exits that move your account and that trade/money management is the crucial aspect in a healthy bottom line. I know what I need to take from individual trades (anything more is a bonus) and I'm not interested in hanging on for hopeful home runs although I'll take any bonus which comes without set back.

Thus, I am 100% diverged from your set it and forget it approach.
What are going to do next?Don't you think market has tricked you , in short term noise , it will go without you?.When do you re-enter long Diageo?
 

barjon

Legendary member
10,361 1,594
What are going to do next?Don't you think market has tricked you , in short term noise , it will go without you?.When do you re-enter long Diageo?
When (if) it presents me with a trading opportunity.

Why is it you persist in talking about Diageo despite me explaining several times that it's about TA not Diageo per se. Are you being purposely obtuse or just unable to understand plain english.
 

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