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"Just Oil"

Chikot
Jul 23 2012 at 00:11
2299 posts
simple things often have more sense than complex.

Chikot
Jul 23 2012 at 00:11
2299 posts
My gut says aud/jpy is done going long.

stevewalker
stevewalker
Jul 23 2012 at 00:12
1439 posts
that is the momentum calculation I make.

BTW sorry for all those posts. I did not notice that thats your thread. really sorry. 😳😕

Chikot posted:
you mean you enter trade at bar open? but what direction?

stevewalker
stevewalker
Jul 23 2012 at 00:13
1439 posts
really tired. I should go to bed. ( hope I can sleep )



stevewalker posted:
that is the momentum calculation I make.

BTW sorry for all those posts. I did not notice that thats your thread. really sorry. 😳😕

Chikot posted:
you mean you enter trade at bar open? but what direction?


Chikot
Jul 23 2012 at 00:17
2299 posts
LOL , no worries. You gotta have more sleep.
BTW, I decided I will connect my live day trading account. I am going to be watched anyway in all cases and I want prospective employers see that I can handle heat and anything. I am cool.
I alos follow new MM rules.
1. I always open only half total risk and scale in., If first half is a loser I only lose half. If things go well and price is close I will add another half.
2. If full size is a loser next trade same day if I have one I cut size in half. say risked 1% on the first trade but loset, next trade same day is total 0.5% risk.
3. If no another trade same day next day I start again with 1% total risk on full position.


so far I used it only once as I have only 1 real loser this month. The rest is BE or 1-3 pips down which are also BE cause I moved stop there not exactly BE.

Chikot
Jul 23 2012 at 00:36
2299 posts
will start day trading live on August 1.

stevewalker
stevewalker
Jul 23 2012 at 00:38
1439 posts
good luck!


Chikot posted:
will start day trading live on August 1.

Chikot
Jul 23 2012 at 01:07
2299 posts
Thanks Steve. Just closed my long gbp/usd and aud/jpy. double and triple tops. chances of reversing are not high as I sense it.
I always can get in.

Chikot
Jul 23 2012 at 01:14
2299 posts
nzd/cad is another candidate for short. will check on it after midnight. got stopped on it but again, can reenter.

Chikot
Jul 23 2012 at 01:17
2299 posts
Topic is locked