nit2wynit
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Posts posted by nit2wynit
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6 minutes ago, Caseynotes said:
may need to wait for the US open for the mist to clear.
I'm trading like a ****.....I have no faith in which way it's going.
I've gone back to Gambling.
Walking away for now.
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11 minutes ago, Caseynotes said:
Trying to call the tops and bottoms is the main reason novice traders don't make it, proven time and time again. It can be done but it needs a whole set of different skills and an awful lot of experience.
I hear that..........Down to 944 now. Still trying to ride it.
Where is the G30 going? i read you figured a retest, or return to Pivot. I'm assuming the return to Pivot has already happened. going up erratically. -
56 minutes ago, Caseynotes said:
the two most important attributes to develop and enhance are patience and discipline.
Yesterday was all about those two thing for me and I believe I succeeded, right up to the point where I knew I'd over traded, anticipated a reversal too early, chased it for 5 hours, only to lose it all in the morning. lol.
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Yes I'm a bit confused by this i I'm pretty sure, but not certain, I placed 2 trades between 1 and 2 am
I definitely placed a trade AFTER 1am as it ended at 1.18, i then placed another which failed at 2.39 -
22 minutes ago, Caseynotes said:
The asset should say (All Sessions) next to it's name meaning extended hours trading applies.
Thanks. I see. So I need to find more info on what All Sessions actually means then.
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Yep. all that yesterday.
Gave back ALL profit this morning from yesterday.
i was in at the top but for the sake of £5 extra as a Stop I got Stopped out at the top. Missed out on the overnight decent. Then lost the rest at the 8am opening.
Everything I know I shouldn't do, I did. -
3 hours ago, Caseynotes said:
Hi, see this page, look under NYSE
Thanks. Is this info readily visible on other platforms? PRT for instance, without have to click thru several links each time i want to trade.?
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Hi, sorry. Maybe I'm stupid, Ignorant or both. The ticket for 'Snap Inc' says 14.30 to 21.00 UK.
It's still going at 23.45pm. I thought it was going to close at 9pm UK, but it shot up 157pts instead; like I was expecting it to do (not the amount, but the spike)
What do I need to do to ensure I know Trading hours for each Instrument? Thanks -
An insight since you asked is as I've mentioned before. Somehow I've developed a desire for Reversals. If i believe an R is coming, I'll go short at the high point on an uptrend and take profit at the bottom is the R doesn't arrive.
Disappointingly I gave in at the top there at 12532; I've even marked it on the chart Went down Stairs to see it had dropped. Managed £5 on the way down.. Long Day.
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7 minutes ago, Caseynotes said:
not sure why you say that, has climbed over 50 points since 11:30 and is still over 30 points higher now.
Sorry, i meant 12pm. If you look at my trades I didn't see the G30 till about then. i was watching the Russell...
I think shortly after I noticed your thread so got the charts up -
For what it's worth, if I'd gone Long at 11am on G30 I'd have made £20 quid to this point.
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9 minutes ago, Caseynotes said:
It this like resistance training or something, you know where you train to sprint by dragging a big weight behind you? just asking.
It's training of a sort. Plotting in's and out's. It doesn't really matter to me that much. G30 going sideways on my chart since 12.30. i thought it was going down. Only broke out in the last hour to go up.
I was there right at the bottom of the G30 very early this morning but didn't place the trade. -
I'm guessing it's no surprise to some of you how intrinsically linked the FTSE and German 30 appear to be? If Only I'd realised sooner
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Christ on on a bike. that was a hard slog. Can't do that everyday. Slow moving Traffic. Anyone have any better luck?
Made about £50 Gave about £16 back, up £34. Happy but won't be doing it again in a hurry. 1 trade for the Day next time. The move is probably coming on either of these but I'm worn out now. Need to find a Pace. I've applied some of the much give advice from you all, but clearly still playing a short game. Back to my New Starting Balance last week.
Thanks again.
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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.
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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.-
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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
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While i've been distracted i missed this drop...
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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.
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I've got to get back to my video's today, but if anyone can shed some light on how this translates.
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3 minutes ago, Foxy said:
No I trade the Dow or the Dax because you get bigger moves and a lower spread. 👿
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. -
14 minutes ago, Caseynotes said:
to be continued ...
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.-
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2 minutes ago, Foxy said:
I already answered that. 👿
Sorry, I was reiterating.
are you actually trading it?
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1 minute ago, Foxy said:
Just read the chart simple support, resistance and pivot levels should tell a story. 👿
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
Dax & Dow
in Indices and Macro Events
Posted · Edited by nit2wynit
Well I could be wrong, but i'll put it out there. I feel like a new rally coming to R1
Ironic but typical that I've been chasing a drop for almost 24 hours, yet now I see a potential breakout. I'll sit with my hands in my pockets till it's validated.