"Just Oil"

as I do not have time to day trade as I see it I decided to start trading from bigger time frames.
Let's see how things will go. I use wider stops but I am also looking for more pips per win than per losss. Trading is done from weekly s/r areas and trend lines.

Never been in no trades for so long and it's just hanging there . trades were based upon weekly resistance trend lines and rejection but it still keeps consolidating. Just made mistake of closing and then reopening short Eur/Chf as I would have been 70 pips higher.
Very unfamiliar environment but I do sleep well though 😉
The most important is to make money anyway.
Let's see how things will go. I am eying oil but not at those levels.
Generally I am looking for new way to trade well and make money for my ultimate goal and I think it is important to show how I trade and how things develop.

shorted USD/CHF again. a bit too late as I came later today. 30-40 pips lower than I would like to sell. but considering that I am looking for more pips than before I decided to take it anyway. Break of trend line. if price retraces and tests trend line and and fails gives me another signal I might add to this trade and reduce original stop thus reducing risk.
4 trades currently on.
was thinking of A/J long but decided to pass it.
my my, just noticed I shorted USD/CHF with 0.05 size. good I noticed it now. it is a danger of trading demo with different balance. closed 0.04.
A/J looks like a big head and shoulders on daily and in the middle of the range. I would go short if that trend line got broken with retest.

2 weeks in long term trades and nothing. only losses. closed all trades and will stick to day trading figure out how to trade on this schedule. will open another account and only day trade there after few more weeks on this one.
and for long term I will trade on demo which I will open. cannot trade both on same account live.

Not enough funds to trade like this with such stops., position size should have been 25-50 % of what i can do here.
 

those who follow me can get an idea what I am aiming at. stop keep within 15 pips. take profit anything form 1:1 R:R to 3:1 R:R.
will close current account and move to another one after 1-2 positive weeks as my statistics currently reflects long term trading attempts. After few good weeks I will be also able to increase leverage considering that my entries are at specific places specific time and are tight so risk is low.

I think it is the only way to trade with current schedule.
daily goal is 20-30 pips and weekly up to 100.
with doubling or tripling size and good hit rate this can be a solution.

I decided to stop posting my results as it looks rather masochistic to me at the moment.
I managed to trade back my 2 days ago DD and finished week positive around $890 cause got lucky and managed to get on the short trades shorting from R1 to R2 and the to R3. and before that too. But overall i have had 3 losing months and this just have never happened to me. I also can trade only 3 hours 2:30 to 5:30 a.m. EST as my wife is taking her last CGA courses and I stay with my son during work break and after work, so, I will try first to make 1-2 positive months if I manage to adjust and the resume posting. My schedule will be back approximately in June 2012.
I will let know about how I am doing but it is hard to trade with so little time and to come back to see that I missed yet another trade and psychologically it started causing me to take bad trades. I am not going back to demo but will trade live even during adjustment period.

I think I need to pay less attention to candlesticks and more to price harmonics like higher highs and lower lows with combination to S/R areas PP points and trend lines.

Chikot suspending posting results ok. but we are waiting for you here to chat and talk. 😉

Steve, I lack time not only to trade but to talk too 😉
will be posting of course.
have you goner live?

shorted E/U at night and went long GBP/USD and oil. wow, lost 25 pips on /U but my my it fetched me nice pips on oil and G/U. closed 200 pps on G/U and t/p on oil. seems like another positive week might happen. I am thinking of moving to RBS. FXPrimus position size is too much for my account and RBS offers same units fomat as Oanda but no crappy emails about some regulations compliance.

FED announcement. meanwhile I think after I make at least 1 positive month I will move to RBS and after another positive month I might resume posting results. for now I need to decide how to trade when I have so little time in front the screen.
career wise unless I have stable schedule at time which I want I am in a bind.

I am long E/U and closed oil for some pips profit. E/U stop on BE and i am in some profit. obviously people are waiting for news. let's see how this will turn as I am leaving.
Week is already positive anyway, but I sure well down this month. let's see how this trade ends and I will know my monthly DD.

will try to make December positive to change the trend.

Take profit was hit some 15-30 min after I left.
Ended November with 9% DD and is 8% down now.
will let know end of December results and if I am positive will start posting again.
I trade only 2:30-5:30 a.m. London till June 2012.

It may sound weird, but I have been watching charts on higher time frames from at least daily perspective and it came to me that really all those candles might mean not much and trading can be done without them altogether. and then I had a dream and awoke right away and ran to PC to check it.
it looks like there is something to it and I really feel I am onto something.
I am just watching now back onto history and going to put some things on paper. I think it might take a couple of weeks.
The most important trading this way doe snot require staring into screen all the time and time restrains would not limit me as they do now.
The most important my dear stops are also there. It is not withut stops approach.

Yeah, higher TFs are so peaceful. All you need are a few trendlines and other simple stuff. I think the candles and exact numbers don't matter a jot on higher TFs. Is it going up or down, that is the only question.

LOL, that dream thing was funny. Aren't those numbers messing with our heads too much? Ahh, the digital age. Digits everywhere. Take it easy. 😄

Play some music, young daddy 😁

   Chikot posted:
   It may sound weird, but I have been watching charts on higher time frames from at least daily perspective and it came to me that really all those candles might mean not much and trading can be done without them altogether. and then I had a dream and awoke right away and ran to PC to check it.
it looks like there is something to it and I really feel I am onto something.
I am just watching now back onto history and going to put some things on paper. I think it might take a couple of weeks.
The most important trading this way doe snot require staring into screen all the time and time restrains would not limit me as they do now.
The most important my dear stops are also there. It is not withut stops approach.

If only it were so easy 😉
I do work on plan to trade from daily perspective but it is not long term trading. Can be intraday trade or few days trade as long as I am waiting for my target or stop to be hit.
I will post some parts of my plan for it. since I have no much time, I am concentrating on E/U only for now. Oil would be too dangerous for this kind of trading as I leave trades alone for 5-7 hours sometimes.

   speki posted:
   Yeah, higher TFs are so peaceful. All you need are a few trendlines and other simple stuff. I think the candles and exact numbers don't matter a jot on higher TFs. Is it going up or down, that is the only question.

LOL, that dream thing was funny. Aren't those numbers messing with our heads too much? Ahh, the digital age. Digits everywhere. Take it easy. 😄

Play some music, young daddy 😁

   Chikot posted:
   It may sound weird, but I have been watching charts on higher time frames from at least daily perspective and it came to me that really all those candles might mean not much and trading can be done without them altogether. and then I had a dream and awoke right away and ran to PC to check it.
it looks like there is something to it and I really feel I am onto something.
I am just watching now back onto history and going to put some things on paper. I think it might take a couple of weeks.
The most important trading this way doe snot require staring into screen all the time and time restrains would not limit me as they do now.
The most important my dear stops are also there. It is not withut stops approach.

However, i do have dreams where I see candlesticks and price action moving 😲