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nit2wynit

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Everything posted by nit2wynit

  1. I've never noticed this kind of thing before. Anyone explain it please? Been watching this for an hour. Anticipating yet another drop, but could go either way again in my eyes. the square candles at the end. they are increasing as I type.
  2. A recap for anyone still interested. I've had 4 trade ideas today. Brent Crude, German 30, Russell 2000 and DB. All gone the way I expected. Placed no trades, lost nothing (except the £2-80 early get out on DB, gained nothing except knowledge and affirmation, oh and 60p back. Done for today. Thank you all for your advice people. Live to trade another day.
  3. I was actually in going Short at 1554, but got out right away as i lost my nerve. I'm also not supposed to be Trading today. Made £0.60, lost out on £9 :O
  4. While i've been distracted i missed this drop...
  5. Ahhh well. It may have gone the right way, but it was still wrong to get in so early. And wrong again to get out so early too, but i was prepared for this. i won't touch this now as it's 50/50 for £6.
  6. I've got to get back to my video's today, but if anyone can shed some light on how this translates.
  7. Am i wrong in my assumption about Indicies: They're so Random they cannot be Predicted? I've always assumed they are based on so many factors they don't follow normal pattern rules? When trading the FTSE i'd get in an out asap as I had no faith in the direction.
  8. Hopefully I've finally clicked. According to the Vids you suggested, the Conservative Stop was at 10pts or previous High. I've always just kept them as close as possible to my point of entry. A good point for me to learn was the moving of the Stop. It's not something I've really done before as I've always placed at Reversal points, they've either failed or gone the right way. It's also important for me to remember not to go back to a trade I've just left. As much as I may be down, £300 was in the first day chasing a Reversal on Gold. £250 in the same Day.....Chasing Gold. All of my losses are usually on the same Instrument as I chase an Idea that comes eventually. lol So in perspective. of the 1k down since March, about £600 of that is in 2 days. The other £400 took about 4 weeks. My main lesson that has finally sunk in, is: Use the 1hr to plot SR points and 1minute to fine tune the point of entry. Don't get in till the Trend is revealed. 1m chart is noise. Wow, i get it now. Yeah you can find patterns everywhere, but I've been waiting for the realisation that True patterns are over hours, not minutes. Let's hope some success can come from it.
  9. Sorry, I was reiterating. are you actually trading it?
  10. I've only just discovered the Pivot Point s though they're clearly Support Resistance lines they are very useful already. Would you trade this going Long? if where from where? Thanks
  11. but my Stop changed to 10-points when I moved the slider and couldn't put it back. I didn't know that could happen. I knew i'd end up chasing the Stop if it kept going up to previous High. Smarter move was to get out.
  12. the fucker looks like it's going down lol
  13. I've proven my point to myself. I got out for -£2.80 I don't care which way it goes. It was a lesson to myself. Stop buying into Consolidation areas! Stop buying Slow moving Instruments.
  14. Hmmm, I moved my Stop to see where it would end up now i can't move it back down. Is this right? I suppose it's the 6pt minimum.?
  15. Well, I got it wrong. what would normally happen now is I'd let it Fail, then assume it's going the other way, for it to be Fake then drop lol. Then I'd end up chasing it............ Maybe I'll leave this one and walk away. I think I'll wait to see if there is a big drop and find a way to go Long instead. i know you're not supposed to move your stops, but would it be wise to move up up to 709? This is a £10 Stop for me. 10points. Let it Fail or Add? Just advice. I won't shoot you if you're wrong lol
  16. Yes it was always possible. The recent News suggests a big shakeup. Could provide enough to drive it back up. Seems it's going now. There's my £6 quid gone.. Pooof I think for me with DB is I had no faith in a recovery. Looking at the Weekly, it's the lowest it's ever been; relatively. Since the big drop last week I figured it was numbered. I expected it to drop back to 580. I seem obsessed with Drops :O Maybe it can turn around.
  17. Is this proof why I keep failing? Am I getting in too early before a clear direction is proven? Regardless of the direction on this one, it was necessary to prove what I keep doing wrong. Guessing instead of following. This will be the last time I enter a trade until the direction is clear. possibly another £6 lesson.
  18. Thanks. and as a trade, where would the Buy'Sell position be? Or am i doing it wrong again by anticipating the direction? Am i too early? I thought myself it could go either way, but what signals are there if any? Recent news being Top Millionaire Bankers are being brought in to crate a Super Team. What Time frame should I be considering when looking to Place?
  19. What I'm asking is, is there anything obvious in this that i'm not aware of, that i should be considering? I know it's a slow mover and with only £1ppp it's not going to make me smile after 4hrs. I'm just going over my own ideas to see where i might be going wrong.
  20. How's this for a Trade Idea folks.? Back to DB. Any thoughts on it.
  21. It certainly is. Knowledge is knowing, Wisdom is knowing what to do with knowledge. OK, pissi ng contest over. Di..cks well and truly shown. I have an education to acquire pronto. I have every day for this. My success is a few pages away. Here's hoping that's true. My greatest learn is not about Instruments, Indicators etc. but how I perceive the market and my approach to it. It's clear to me now that with only 1k I can only really achieve £2.50 or £5 in small amounts. I'm not trying to make back my losses, they were a lesson. I just want to grow from £953. Peace
  22. I feel bad saying this now. Knowledge is knowing a Tom is a Fruit. Intelligence is not putting it in a Fruit Salad. Intelligence is the ability to think to analyse, to digest. Knowledge is learning. Learning that a Tom is a Fruit, for instance. You can be highly intelligent but know nothing. But you can now everything yet fail to be intelligent. But i get your point.
  23. Agreed. The Ego is left at the door. Just try not to be such a **** about it ey! We're not the Market. We're people. I've started watching the YT vids you suggested. I'm 3 in. Nothing i don't know, but everything i don't apply.
  24. This isn't me. I don't have a concept. is it going up or down 10 points? I can take 5 going either way. That's my Plan. I'm highly intelligent. But intelligence has little to do with knowledge. I've told you my errors. Pre-emptive Breakouts. Consolidation. Small Stops. Reversals. Betting against the Trend. I know time and time again what i do wrong, even as i do it. My problem isn't what i don't know, it's about what i do. I can read a chart. I know what candles are. I know Support Resistance. I know about Stop Losses and PL ratios. I know Spread and Bid Mid and Ask. I'm not at fault because of what I don't know, but what I do. Let's start again. You can be my Best Man if i ever get married
  25. @Caseynotes Place any chart in front of me. I will plot it out from start to finish on how i would approach it.
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