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"Just Oil"
Membre depuis Jan 14, 2010
posts 2279
Jan 25, 2012 at 17:30
Been away not watching and what this sh*t means !!!😲
any kind of news?
It btw finally hit my target of 97.75 and then 150 pips gap up.😲
http://www.myfxbook.com/files/Chikot/oil_wM.bmp
any kind of news?
It btw finally hit my target of 97.75 and then 150 pips gap up.😲
http://www.myfxbook.com/files/Chikot/oil_wM.bmp
Fichiers joints:
forex_trader_36599
Membre depuis May 13, 2011
posts 1329
Jan 25, 2012 at 17:34
FED interest
Membre depuis Jan 14, 2010
posts 2279
Jan 25, 2012 at 17:38
cannot be. it is same.
Membre depuis Jan 14, 2010
posts 2279
Jan 25, 2012 at 17:38
might be home sales down a lot
forex_trader_36599
Membre depuis May 13, 2011
posts 1329
Jan 25, 2012 at 17:45
(édité Jan 25, 2012 at 18:13)
Chikot
new results are not important. news are the trigger for the planned actions. or we can be Soros in 2 weeks😇😇
new results are not important. news are the trigger for the planned actions. or we can be Soros in 2 weeks😇😇
Membre depuis Jan 14, 2010
posts 2279
Jan 25, 2012 at 22:08
I do not think this was a planned action. planned action doe snot work this way. something triggered it. it is Nymex the most liquid session, having gap like this doe snot look like a plan as there is no any significant levels here from where it sprung.
walker36 posted:
Chikot
new results are not important. news are the trigger for the planned actions. or we can be Soros in 2 weeks😇😇
forex_trader_36599
Membre depuis May 13, 2011
posts 1329
Jan 25, 2012 at 22:11
most probably it is not a gap. just right click on the chart and refresh it. missing bars will be replaced. if not then it is a gap.
Membre depuis Jan 14, 2010
posts 2279
Jan 25, 2012 at 22:14
i have checked another broker. definitely not a gap. now i see what was going on. another attempt at 100.00
Membre depuis Jan 14, 2010
posts 2279
Jan 25, 2012 at 22:14
But on FXPrimus it is a gap. I suspect platform was down. I was having a nap so did not see it.
forex_trader_36599
Membre depuis May 13, 2011
posts 1329
Jan 25, 2012 at 22:17
data feed error. it usually happens when market is fast. I had refresh all my charts local/vps and loaded the history to dismiss the gaps. or EA s start doing stupid things
Membre depuis Jan 14, 2010
posts 2279
Jan 26, 2012 at 00:37
yes, it happened in the past but I have not seen it for some time until today. I assumed that was a gap on some kind of news until I checked another broker.
Membre depuis Jan 14, 2010
posts 2279
Jan 26, 2012 at 14:36
The week is up and month is up. need to do something and will restart trading in February.
2 months up.
2 months up.
forex_trader_36599
Membre depuis May 13, 2011
posts 1329
Jan 26, 2012 at 14:54
WTG (Way to Go)😄😄
Membre depuis Jan 14, 2010
posts 2279
Jan 26, 2012 at 15:33
😉
Membre depuis Jan 14, 2010
posts 2279
Jan 26, 2012 at 15:35
speed of up is half of what was speed down. but considering time available I guess it is ok. Until summer I do not care much. I do but not much.
Membre depuis Jan 26, 2012
posts 24
Jan 28, 2012 at 09:56
Is the stractegy base only on oil?
In God We Trust
Membre depuis Jan 14, 2010
posts 2279
Jan 28, 2012 at 10:58
It is not a strategy as i have no one. I have a method based upon price action around support/ resistance, trend lines and failures and I am looking for places where accumulation/ distribution takes place and trying to determine where the price might go, where orders located.
The key is trade management which is pretty challenging to do at the moment cause I am only 3 hours daily in front of the screen and cannot manage trades after I leave it also does not leave enough time to wait for action development and best opportunities. It is the reason why i am not connected to myfxbook yet. will connect somewhere in June 2012 when i will be trading full time.
I trade only oil as I like this market and I am generally better at trading one instrument.
Oil and Forex are different markets and should be approached as different trading instruments. Different approach would be required and I prefer to trade oil exclusively for now.
The key is trade management which is pretty challenging to do at the moment cause I am only 3 hours daily in front of the screen and cannot manage trades after I leave it also does not leave enough time to wait for action development and best opportunities. It is the reason why i am not connected to myfxbook yet. will connect somewhere in June 2012 when i will be trading full time.
I trade only oil as I like this market and I am generally better at trading one instrument.
Oil and Forex are different markets and should be approached as different trading instruments. Different approach would be required and I prefer to trade oil exclusively for now.
Membre depuis Jan 14, 2010
posts 2279
Jan 28, 2012 at 11:00
My stats show winners about 1.25% bigger than losers on average and slightly higher than 50% winning rate for the period since the mid December. Average winner suffers cause I take partial profit and in most cases second half ends as break even. Thursday had 3 such break even parts. Hence I believe trade as per trade management should be divided into runners and short term pick em quick trades. Runners only form important levels and everything in between take whatever bigger than risk, close everything and wait for another short.
My stops have been 20-30 pips for the past 2-3 weeks.
My stops have been 20-30 pips for the past 2-3 weeks.
Membre depuis Jan 14, 2010
posts 2279
Jan 30, 2012 at 15:55
I am not trading live till February but still practice on demo. same entries, but I am taking profit from anything 1.25to 2 R:R.
Entries have never been a problem , it has been exits. so, I am forging a plan which I am spelling like this: risk up to 25 pips maximum and if trade is more risky I pass. Take profit anything from 1: 1.25 to 1:2 but only after price clearly showed it is not going higher. 1:2 R;R is maximum I am looking for. I decided to do it for the reason as the vast majority of my trades give me at least 30 pips and I did not take them.
Her is 3 trades I did today. every one had risk of 20 pips and stops were all reasonable. The most important is not to hesitate and wait for too much confirmation as it increases risk. Price moves away and stop widens too.
Shorted oil firstly however price showed higher low, I closed trade for BE and reversed going long. after getting about 1:1.5 R;R moved stop to BE as I was leaving. Price stuck at 35 pips for 20-25 min then dropped while I was away and stopped me at BE. I would 100% close this tade for 35 pips if it stuck reasons are obvious. Went long again after came back and saw what i saw. same risk 20 pips and target up to40 pips which got hit. it is already giving almost 4:1 from my risk, but it is ok. consistency is more important than looking for big runners. It is how I am going to operate starting February.
http://www.myfxbook.com/files/Chikot/oil_wN.bmp
Here as per Walker new option to show trades on MT4.
http://www.myfxbook.com/files/Chikot/oil_wN.bmp
Entries have never been a problem , it has been exits. so, I am forging a plan which I am spelling like this: risk up to 25 pips maximum and if trade is more risky I pass. Take profit anything from 1: 1.25 to 1:2 but only after price clearly showed it is not going higher. 1:2 R;R is maximum I am looking for. I decided to do it for the reason as the vast majority of my trades give me at least 30 pips and I did not take them.
Her is 3 trades I did today. every one had risk of 20 pips and stops were all reasonable. The most important is not to hesitate and wait for too much confirmation as it increases risk. Price moves away and stop widens too.
Shorted oil firstly however price showed higher low, I closed trade for BE and reversed going long. after getting about 1:1.5 R;R moved stop to BE as I was leaving. Price stuck at 35 pips for 20-25 min then dropped while I was away and stopped me at BE. I would 100% close this tade for 35 pips if it stuck reasons are obvious. Went long again after came back and saw what i saw. same risk 20 pips and target up to40 pips which got hit. it is already giving almost 4:1 from my risk, but it is ok. consistency is more important than looking for big runners. It is how I am going to operate starting February.
http://www.myfxbook.com/files/Chikot/oil_wN.bmp
Here as per Walker new option to show trades on MT4.
http://www.myfxbook.com/files/Chikot/oil_wN.bmp
Fichiers joints:
Membre depuis Jan 14, 2010
posts 2279
Jan 30, 2012 at 16:09
The most important is to know who I am and not to try to be and trade like someone else. I am not a swing trader, I am not a position trader and I am not a scalper. I am day trader. Hence, I need to be consistent with my profit taking. Not taking profits when present and when market says take it or lose is a sure way to start losing money or at least hurt performance.
