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nit2wynit

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Everything posted by nit2wynit

  1. *Note to self. Check the 'Notify me of Replies'...On each of my own threads.
  2. Thanks folks, but I've not been receiving notifications to these replies either. I'm still waiting for an answer. The chart at the time was not particularly volatile, the volume had actually dropped off too. What can I expect to happen here? @Caseynotes it seems you're setting me up for a 'This happens-Get used to it' kind of response. It's part of trading?? Seriously? However, I also find this far from ideal and practically dangerous. 6 days! I'm the only one with this issue?
  3. I haven't lost a grand, I've gained an education at a cost of around £8 per day since i started; I spend this much on Wine!! It was necessary for me to lose I think as it was important to acquire emotional knowledge too. My system is quite simple; look for reversals or Support Resistance lines and try grab 5 points @£5 per point. Using consolidation areas are my fave providing the points up and down are big enough. I've said that when i first went live back in March my best move was on the Russell 2000. Made about £250 over 3 hours just going up and down. I'll update my Aim and Wants right now with a clearer mind. I don't want to make millions, i want to make enough that I have free time each day/week/month ..... without wrrying about money. I think for some it might be Gambling, but I've proved to myself if not others, that I can see a chart and read it. Though i may have spoken out of frustration in the past, i'm certainly no Gambler. I've just been foolish in anticipating too many drops. Having a System and applying a System aren't the same thing. Knowing to pull back instead of chase your failed idea time and time again isn't about a bad System, it's about not applying the system. I've not been on today as needed a break. Fresh head on me next week and i'll post my results of the week on Friday.
  4. Cheers for the advice. bud. but I did change doww to £1pp at the end there. It's going to be a long road back up to 1k but i'm focusing on simply getting it right and not worrying about making money now. Just keeping it
  5. I will personally make it my goal to study them over the weekend, moving forward.
  6. What I've learned today about my mistakes yesterday is the Stop. Clearly reversals in the trend need a good 5pt average to oscillate; I was only allowing 2 stops, but only if I'm playing the Long game, which i don't plan to do; though may need to. While I've stated my Stops weren't the problem, but my direction, it's still clearly obvious that I'd need to risk £100 @ £20 pp. to continue in any trend for a while. At £1pp I've risked £5. But made £50 with several small trades only risking £5 each time. I've no idea where it's going next so getting out before the Changeover at 10pm. Profit today on Gold. £50. Risk each time. £5. 11 trades in total. 8 x Winners = £84.52 3 x Losers = £33.55 Bigger losses as i was staking £20pp. Clearly the ratio needs to improve. I'm hoping it will as i nail down the appropriate Instruments to trade, and the price to trade them.
  7. Yes, i have been in a small trade of £1pp since 1410. I think I was up about £8 at it's lowest. Currently £3.50 . I've adjusted my stop to not take a loss. I'll let it run. Concerned about letting it run into the changeover without a G Stop.
  8. Actually i just want to say......... What a Relief!!!!!! Trading Small!!!! I know you all said it from the start, but you'll never understand the difference it makes to The Fear until you try it. I can enter trades only risking 3-5£ now feeling confident with the direction. Even if it's only for a couple quid here and there, it becomes more about being right on the chart than the profit. This little remark could be short lived though, i'm well aware. Expect me to post my losses tomorrow.! :O
  9. So long as we all do.....eventually. Up £45 today on Gold. Bit it's been a hard slog. Not long now to make up the 1k I've lost :O
  10. I'll add this to my To Do List then. That must also explain the spike yesterday also? Thanks.
  11. My General Feeling it was going to Drop was because it has been for over 12hours. As for Data releases, it's something I should be aware of.
  12. Oh, i see. and you think I'm tying to come across as a Prophet?? lol
  13. huh? I don't know what you're talking about. I just look at charts patterns. What's happened Casey? you appear to have turned Sarcastic and Hostile.
  14. I've thanked you for your input and advice, so confused now. I have had reasons. I have had a plan. I don't just look at a chart and go Buy/Sell. I've told you many times. I have a bad habit of anticipating Reversals. Yesterday was a prime example. However, i've been 100% right on Gold this morning, but hesitated. It's just dropped. I now anticipate another rally, but I could be wrong. I'm in 1pp Long. 3pt stop.
  15. Jeeeez too busy typing. Anyone catch that drop?? :O Knew it was there somewhere.
  16. It has been, but stuck at around previous resistance of 1425 for 12 hours! I no longer assume it's an Up Trend. Speculation suggests another spike soon. Others say a Drop. i think at this point it's a waiting game till it's proves a direction. How are you doing? Making progress?
  17. Casey I've not been on the Demo for 3 weeks........I don't keep going back to the Demo! But 80% success rate must count for something? That's not 1 time i tried the Demo, that 2 months. Fear aside. Same charts, same Instruments, Same 2k account. I've proved time and time again. Not sure why you have such a stance on it. The only difference as we've discussed is the Emotion attached. ergo; get over that, then proving success Live should theoretically be the same as the Demo. Like I've said, Fear, Emotion aside. I've clearly not got a hold of my emotion Live. Especially when it comes to FOMO. Maybe i was lucky this morning on the Gold chart. Maybe i didn't notice the down trend, or the consolidating wedge. Unfortunate that I changed from £20pp to £6 otherwise I'd be looking at closer to £100 win, but i still would have only risked 1pt at Resistance level. I couldn't take another £20 or £40 loss. So now the stakes are smaller. No idea where Gold is going so going to leave it now. Cheers.
  18. But I have 80% success on the Demo Casey! Anyway, Gold, I figured it's foolish to Go long while it's going in a Down trend so went straight back in at 1418 to Short. Took £10 off me. Time for a break. Still £20 up
  19. I suppose my 1st mistake is asking if it is a Mistake? and not being Confident. I got out for £2.60 profit. It's simply not moving quick enough. On to the next chart. Ahhh dear.
  20. I took the £25 when it hit the bottom, anticipating a Reversal back to Resistance. Used my £25 win as a Risk of £10 per point for a 2pt Stop for £20 going back up. I'm not at all confident about this one. Mistake?
  21. Yes I see that. Support at around 1419. I have it marked. Struggling now at 1421 area. I'll let it fail now if it goes up. Will cost me nothing but time; which is more valuable than money I've changed as I should have, from making money, to Not losing any. It's taken a while, but a bit at a time, it's going in. Thank you for continually taking the time Casey. Really appreciate it. However, I anticipate more losses to come before it's in my bones.
  22. Also^^^^ If this pattern is a Descending Wedge, when should I get out, if at all? Is it likely to go back up? What is the statistic?
  23. OK, so fresh approach applying the rules. Smaller stake. Deeper breaths. Clear Chart patterns. Smaller stake of £6 per point with only 1 stop risk. If it's wrong it's wrong. This did drop and I was up £15, but it was at the point of either previous reversal or pull back, so I adjusted my Stop to make sure no matter what, the trade cost me Zero! No loss incurred. What should I have done? Took the £15, or let it ride for bigger profit assuming it's a small pull back? Let it fail and be happy it cost me nothing? What would you all advise or have advised?
  24. @Caseynotes do you have any points to make on Gold right now. For my last trade on it, I've placed one for £6pp with a 1pt Stop. Just to see if i have any clue at all about what I'm looking at. Appears to be a Descending Bull Flag. I've a small £6pp Short with a £6 Stop just above resistance. Tell me what you see please and what you'd do here? I won't be trading this today. Call it Therapy. for what it's worth, it's looking like it might go Up! :O
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