"Just Oil"

nice thread ,

you trade gold also ?

Thank you. No, I do not trade gold, do you? Never seen how it moves. I am looking for currencies trends.

Chikot posted:
Thank you. No, I do not trade gold, do you? Never seen how it moves. I am looking for currencies trends.

No i don't have strategy for gold but i do observe its movements and correlations , Friday was strange day for gold.

No, I am not watching gold. what was strange about gold moves?

I am watching ES (s$p500 e-minis). this is what made me check up on my currency trades. there suddenly was 17-18 points move in half an hour which is abnormal. this week volatility was crazy have not seen it yet and seeing what was going on with my currency trades I closed them all.
I am going to possibly reopen few trades I have been in after I see what will be happening on Sunday/ Monday. On few pairs price is close to my entries so it will not cost me much.
I will most probably make small changes.

Generally speaking considering how good I am most of the time with entries which my consistent floating profit shows it is simply crazy I am not making money. Considering what i see I think some changes are due along trend following.

I need to put this last piece of puzzle to make things work. Profit taking part. I have had profit taking rule, but it doe snot work in current circumstances which can last a long time. I remember that once e/u for example was spiking and ranging for some 6-7 months on my memory. There is no trends now which I can call trends and which trigger my trailing based upon my rules. Need to adjust. Imagine what damage can be done to account in such period of trend not developing if profits are not taken. I need something that works always. and it seems I have got solution. whether it is solution or not I will see quite soon. So far I need to see how markets will open and PA over Sunday/ Monday overnight.

I have been a student of military history for a long time. since I was 10 years old boy I started reading Plutarch's books about ancient Greek and Roman dignitaries mostly in military field and keep reading even now. I see a lot of similarities in fighting wars and trading. Luck plays important part in both endeavors.
Both businesses are unpredictable. Risk is always there and there is no safe in this business. Danger is always lurking the difference is only that it is life at stake in wars and purse at stake in trading.
Money is our army. and it must be protected. In ancient battles,which I consider classics as no military genius on the par with ancient generals has appeared in this bureaucratic world of ours for quite some time, main battle did not take place every day.
There were a lot of skirmishing, attempts to cut off supplies, ambushes, sieges and so forth. I need to see my trading same way.
I cannot just take losses and put faith into some big wins to cover those losses, which mean I need to have my small winners determined by this period profit taking rule (sacking some villages/ towns). However , when the moment of truth arrives I must be decisive and run enemy down aka. adding to winners.
The most important is to protect the capital/ army.

Chikot posted:
I have been a student of military history for a long time. since I was 10 years old boy I started reading Plutarch's books about ancient Greek and Roman dignitaries mostly in military field and keep reading even now. I see a lot of similarities in fighting wars and trading. Luck plays important part in both endeavors.
Both businesses are unpredictable. Risk is always there and there is no safe in this business. Danger is always lurking the difference is only that it is life at stake in wars and purse at stake in trading.
Money is our army. and it must be protected. In ancient battles,which I consider classics as no military genius on the par with ancient generals has appeared in this bureaucratic world of ours for quite some time, main battle did not take place every day.
There were a lot of skirmishing, attempts to cut off supplies, ambushes, sieges and so forth. I need to see my trading same way.
I cannot just take losses and put faith into some big wins to cover those losses, which mean I need to have my small winners determined by this period profit taking rule (sacking some villages/ towns). However , when the moment of truth arrives I must be decisive and run enemy down aka. adding to winners.
The most important is to protect the capital/ army.

you must cut the losses short and let winning run.

If you have not noticed it is what i am actually doing. In September my average winner was 4+ times larger than my average loser. Even now it is 2+1 larger despite no tr3nds for 2 months. The question is how much cutting loss short is short and when to take profits... If trend really takes off I am going to ride the bunny. So far no pair I am trading has given me a trend so far. let's see.

XharpScalper posted:

Chikot posted:
I have been a student of military history for a long time. since I was 10 years old boy I started reading Plutarch's books about ancient Greek and Roman dignitaries mostly in military field and keep reading even now. I see a lot of similarities in fighting wars and trading. Luck plays important part in both endeavors.
Both businesses are unpredictable. Risk is always there and there is no safe in this business. Danger is always lurking the difference is only that it is life at stake in wars and purse at stake in trading.
Money is our army. and it must be protected. In ancient battles,which I consider classics as no military genius on the par with ancient generals has appeared in this bureaucratic world of ours for quite some time, main battle did not take place every day.
There were a lot of skirmishing, attempts to cut off supplies, ambushes, sieges and so forth. I need to see my trading same way.
I cannot just take losses and put faith into some big wins to cover those losses, which mean I need to have my small winners determined by this period profit taking rule (sacking some villages/ towns). However , when the moment of truth arrives I must be decisive and run enemy down aka. adding to winners.
The most important is to protect the capital/ army.

you must cut the losses short and let winning run.

Gonna stick to my own thread and business since now on.

So far nothing I like. might be eur/nzd, eur/aud, eur/jpy and eur/chf. but not yet.

On the big picture, US should just take care of their 'financial cliff issue', while eur zone has got a lot more skeletons in the closet. but so far I am neutral. it can change quickly though.

opened 3 trades and waiitng for eur/nzd. this will be all. will see how things will work out for these.

ok, I am in 4 trades. done for now. will see how things will be working for these.

almost forgot eur/aud, waiting for this last one.

bad entries closed 3. ok. will be waiting more.

I have seen that some pairs range but some trends but now all pairs range or spike and so far no trends. amount of sh*t accumulated in all economies is staggering. My mind says short e/u but signal is long, so I reversed. if yesterday's high broken I might double up. need to see take profits once they are available to keep account at the level before some trends start.
at the moment I have a couple of plans for this. partial profits might be part of the game for now.

shot myself in foot with high leverage eur/usd gambling.
ok, more positive things. Hope this up move finally turns into something tangible. mistake with closing long gbp/usd and usd/cad short. also iusd/cad short not a big mistake but gbp/usd is... I am looking for pull back to buy and gbp/aud is on my watch list too. I bought gbp/usd before there was a signal. there is signal now.
whipsaws finally end and turn trends. i must be on them. I missed signals entries on jpy pairs. now was trying to get on as potential is high. will move stops closer but no BE so far. price is too far form MA's. I do not like it .