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Just interested to know how your style of trading went today Cartman ?
Sarcasm?
The World according to Cartman
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Sarcasm?
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NO !
Today was a running day on most indices, thought you may be joking about fading it, though no idea what happened on Cartmans instrument.
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Well I tried to fade it twice ( SPI ) just goes to show what thoughts we have =
If you watched order flow, it was pretty obvious from that bottom there was a buyer in there, not to mention, Nikkei was going up in a straight line, then Hang Seng opened and POP! Not a day to fade often IMO unless picking small tops but not worth the trouble on such a running day.
That being said, I also got done, trying to catch the move with too big size and too tight stops. Should have lightened the load and let it ride.
All a learning curve.If you watched order flow, it was pretty obvious from that bottom there was a buyer in there, not to mention, Nikkei was going up in a straight line, then Hang Seng opened and POP! Not a day to fade often IMO unless picking small tops but not worth the trouble on such a running day.
That being said, I also got done, trying to catch the move with too big size and too tight stops. Should have lightened the load and let it ride.
Thought the up & up was a play - local , did OK on the opening & then waited for what I though was a turn around twice , ran no stops until the pain hit .
Really was a surprise how it kept going
.Will be taking a short again maybe tonight ?? just after the Dow opens ,3585 as I type .
Sorry you got hit when on size , always something to learn.
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Not sure what time the speech is tonight, but you may want to wait and see how the market reacts first. Probably not a good idea to be fading spikes at times when fundamental news is coming out.
Just interested to know how your style of trading went today Cartman ?
g'day Bob ----- to be honest trading took a back seat for the last coupla days so sorry i missed yr post --- ive been attacked by knife wielding 'bandits' and had 'fat ladies' trying to sing to me ---lol --- i told those 'fatties' that i didnt like their tune so im still here to tell the tale ---- cryptic?? --- yeah, but its my thread so i can say what i like cant i ?? -----
Mirc --- re the tight stops/heavy leverage/position size ---- still a work in progress for me too ---- its a fine line to get it right eh?? -----
ps if i say anything a bit crazy at the momento, disregard it as euphoria lol --- and no its not Dexies Nun ---- good to be back
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Cryptic indeed, did you go to an investing seminar?
(a bunch of crooks trying to convert you to the ways of value investing)
-- nothing as sinister as 'value investing' in my life NS --- but it was a good guess --- My view ------ (NB --- not directed at u NS -- just me babbling on in general again )
--- perhaps i have a warped sense of perspective on what is important ----- but money and wealth are basically a superficial form of vanity from where i sit !! ----- nothing wrong with making a few bucks but people get so wrapped up in trying to make a squillion dollars that they forget WHY they are trying to make a squillion dollars !!!! --------
gotta ask yourself why u do what u do in life ---- if u work that out yr possibly on the road to enlightenment --------- if u've never considered the bigger picture (ie the one without U in it) -- then the chances are u have not really experienced the meaning of life (thank u John Cleese) ----- or u r simply a selfish b@stard who is way too wrapped up in yr own self importance (no body on ASF would fit that category
----my point is ???? ---- i have no point !! ---- but i continually look for answers to stuff that may appear mundane and unimportant
---the beauty of life is in the simple things -----
To Kennas original question --- have i been drinking? ---- this time ---YES!
To Gorilla's question --- Should i be? --- u will only know if u walk a mile in my shoes !!
To Tech/a ---- if u happen to read this ---- yr quip re TH's comment that the current run will end at 11.45am or 1PM monday --- ie --- could he be more specific ------ was VERY funny ----------- for a serious guy u are quite amusing
----------- ps i need a drink --- lol ------
pps Dont ya luv the weekend ---- no higher highs/lower lows --- fake breakouts/ false dips to worry about ---- !!!! lol ----
>Apocalypto<
20.03.2012
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I hate weekends! I feel naked with out the FX markets open! I am serious I think I have a problem!
haha --- only FX traders would understand (verify please Stormer ??) -----
i miss the higher highs and lower lows as well Apoc ---- its like the world stops for 48 hours ------
-------- geez do i have to mow the lawns and snip the edges !! ---- how bludy mundane is that ----- lol -----Hello Mate Got it
, welcome to the club , is it a Bias on direction ?I'm working on it with a 2 contract contradictory play , need to survive the chop then add size when direction goes my way .
All discretionary & hard to verbalize for now , but stuff this business of closing out to see a reverse happen over & over again !!!
Hello Mate Got it
I'm working on it with a 2 contract contradictory play , need to survive the chop then add size when direction goes my way .
All discretionary & hard to verbalize for now , but stuff this business of closing out to see a reverse happen over & over again !!!
haha ---- g'day Bob ---- funny thing is that even though my original crypticism (i made that word up --- but i do that !!) was not related to what u mention ---
i understand EXACTLY what u speak of !!! --------- i do exactly the same thing ------- i mean if punters want to take a position on a trend, and the trend turns 'false' ---------
what is the problem with taking an opposing position at the same time as the original position instead of initiating a stop loss ------- thereby stabilizing the position until the true trend becomes evident again -------- just takes a bit longer to make the position profitable -------
position sizing is a very under rated criteria eh?? i know u know
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Sorry cartman, i think our relationship is over! Each time i read one of your posts i have to fully concentrate to read what it says!
Brad
Brad
Thanks for confirming my mindset , I'm going to try and solve this chop crap & I now know you know what I'm talking about
i knew that !!
Sorry cartman, i think our relationship is over! Each time i read one of your posts i have to fully concentrate to read what it says!
Brad
u think u've got problems ---- how do u think i feel ---- i live with me !!
ps read my posts backwards -- they make more sense that way
Dunno if we can get Techno or any of the other E/W boyz over here on the babble thread ---- but i am genuinely interested in having some constructive discussion in dissecting the E/W counts u guys are showing on BHP for example ----
coupla questions from me for a start ---
does anyone actually take entries on BHP based on E/W from an EOD chart?
wouldnt it be easier to simply trade BHP off S/R and trend lines?
i made the point on the E/W thread that it is a lagging indicator ( some didnt like that view ----- and i asked if E/W's hone in a lower time frame to make their entries more specific? ----- the response was i was basically talking rubbish ---- and no answer was forthcoming ----
not a challenge or a put down contest, but a fair dinkum discussion on entries/exits and why they would/were taken might be enlightening-----
anyone interested? --- if not, no big deal
ps any E/W's still holding BHP long? if so, what is yr S/Loss position? -- has it been adjusted? --- and why? ---------- if u cashed the long in --- for what reason? was the reason based on E/W ?
coupla questions from me for a start ---
does anyone actually take entries on BHP based on E/W from an EOD chart?
wouldnt it be easier to simply trade BHP off S/R and trend lines?
i made the point on the E/W thread that it is a lagging indicator ( some didnt like that view
----- and i asked if E/W's hone in a lower time frame to make their entries more specific? ----- the response was i was basically talking rubbish ---- and no answer was forthcoming ----not a challenge or a put down contest, but a fair dinkum discussion on entries/exits and why they would/were taken might be enlightening-----
anyone interested? --- if not, no big deal
ps any E/W's still holding BHP long? if so, what is yr S/Loss position? -- has it been adjusted? --- and why? ---------- if u cashed the long in --- for what reason? was the reason based on E/W ?
tech/a
No Ordinary Duck
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Cartman
I'll use this thread to respond to this question in general terms (IE if asked by anyone else).
It takes up to an hr to mark up a chart and type up a response to most questions.
The agenda for most including yourself is to attempt to have the analysis fall flat on its face.
You have no intention of learning or indeed investigating this or any other methodology---you already know how to extract thousands from the market.
You and the likes of yourself arent prepared to put in the 10000 hrs and resent those that have.
You have to be RIGHT--you simply dont understand that this game is about HOW to handle being WRONG! As Radge once said it doesnt matter if your wrong only HOW LONG you remain WRONG.
Learn whatever you like but if you cant apply it profitably then your stuffed.
90% here ARE stuffed. They have NO IDEA.
You and people like you are the single most common reason Excellent posters dissappear into oblivion. THEY CANT BE BOTHERED.
I'll use this thread to respond to this question in general terms (IE if asked by anyone else).
It takes up to an hr to mark up a chart and type up a response to most questions.
The agenda for most including yourself is to attempt to have the analysis fall flat on its face.
You have no intention of learning or indeed investigating this or any other methodology---you already know how to extract thousands from the market.
You and the likes of yourself arent prepared to put in the 10000 hrs and resent those that have.
You have to be RIGHT--you simply dont understand that this game is about HOW to handle being WRONG! As Radge once said it doesnt matter if your wrong only HOW LONG you remain WRONG.
Learn whatever you like but if you cant apply it profitably then your stuffed.
90% here ARE stuffed. They have NO IDEA.
You and people like you are the single most common reason Excellent posters dissappear into oblivion. THEY CANT BE BOTHERED.
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