"Just Oil"

Apr 29, 2011 at 16:28
54,817 Visa
1,794 Replies
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 13:32
it is just moving around trend line from 1H chart/.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 13:35
nice. I love this. broke through trend line approached yest4erday's low.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 13:37
closed for 70 pips although I think it will go further. will be waiitng for pull back or some consolidation if it continues.
Medlem sedan Jan 14, 2010   541 inlägg
Jul 26, 2011 at 14:21

Chikot posted:
closed for 70 pips although I think it will go further. will be waiitng for pull back or some consolidation if it continues.


Is that the account in your portfolio? Or are you talking about a different system?
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 14:24
Yes, it is what I am showing on myfxbook. you can see it if you click on Chikot.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 14:26
also, I do not have system.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 14:42
will call it a day. would be stupid not to. 1+% up today.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 15:05 (redigerad Jul 26, 2011 at 15:08)
crazy volatility. I trade demo. was long , closed, now long again. will see.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 15:11
closed half and let the rest run. I am thinking 100.00
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 15:18 (redigerad Jul 26, 2011 at 15:19)
finished demo too
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 15:25


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Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 16:17
lol, exactly as I thought. bring market down, buy cheap, then take it up for another break out attempt.
I went out for a walk. Nice weather. Heat subsided here.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 16:19
will it still break or not is a question. it is testing R2 currently. I am only watching and have no intention to trade as I do not see here lower risk opportunity and from my experience it is better to call it a day when it is good day.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 16:20
Generally this business is about making money, not trading.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 26, 2011 at 19:47 (redigerad Jul 26, 2011 at 19:47)
I have just found this: Funny reading:

Guest Post: 21 Ways to Tell You’re Dealing with an Amateur!

1. They refer to the market as “The Forex” (if you do this we beg: get it out of your vocabulary ASAP)

2. Set up a spreadsheet showing how much money they make if they just pull “only” 5% a day, start planning around it

3. Non-farm payrolls cause hyper-anxiety and visits to live webinars held by people trying to sell them $3,000 products

4. Their 25 over 68 EMA strategy has failed but claim their new Stochastic MACD crossover is a sure-fire winner

5. They think a swap refers to 2 people exchanging trading strategies

6. Their previous 5 $100 expert advisors didn’t work out but their new $1,000 one is “going to kill”

7. Their retail broker’s website is a “leading source” of market analysis

8. 10 pips of drawdown costs them 65% of their account margin

9. They think they are ready to “go pro” after reading a forum post about market liquidity

10. Quit their jobs with $5,000 of capital in the trading account

11. Think the “Right Hand Side” refers to right-handed dealers

12. Think that market moves against them are all their retail broker’s fault

13. “If I put on enough positions, I’m sure to get out of this trade, right?”

14. Proud owners of products that contain the words “Secret” “Fantasy” “Oracle” or any other loose grip catchphrase

15. Brag to their friends about what a killing they made in the market (thinking: “if only it wasn’t a demo”)

16. Pass through every indicator on the planet, always thinking “one of these is going to make me a fortune”

17. Think their broker is too nosy for wanting all of their personal info (it’s just regulation, people)

18. Pile on positions ahead of a news release because they heard the banks always “line up” because they know the data that’s getting released

19. Subscribe to ‘signals’ but can’t quite understand how the company has done so well in the past but now that they’re in….

20. “Macro-what? You no speaka my language.”

21. Subscribe to any website that is run by people who think that a picture of a man in a suit talking on a phone is a “classy” way to sell their message

Thanks: D.P.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 27, 2011 at 14:33
My broker increases spread during news release. seen 15 pips spread. pity
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 27, 2011 at 15:42 (redigerad Jul 27, 2011 at 15:59)
Ok, live account the month is done. up 0.3% today and 3.5% total for a month, but I am not happy at all.
These 2 weeks I have been waiting for market to start some big move at night like it used to do and I used to have some very good trades during London. But scanning my 2 weeks of trading I see there is only 1 winning trade at night. Huge number of break even and tonight I lost 0.65 % in 2 trades. could have been 4% for a month in just 7 days.
Definitely it is much better to trade Numex New York session and since now I am sticking to it.
3.5% this month in 7 trading days. will continue trading live Monday, August 1. may be will move to demo for practice.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 27, 2011 at 16:56


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ok done with demo too. will take a rest till Monday.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 28, 2011 at 11:17
I started watching Coffee. as I understand the second most traded commodity after Oil. Very interesting market. Looks a bit slow but steady and spread is huge 33 pips which means there should be very few trades and small leverage.
I think to start demo practicing Coffee on my demo instead trading oil there. Unlike Oil, one doe snot have to watch coffee like oil due to how it moves.
Medlem sedan Jan 14, 2010   2279 inlägg
Jul 28, 2011 at 11:32
There is no way to trade Coffee with my $1000 live account as it is too little money, so, I will most probably open demo of sufficient size and will start trading only Coffee. I am thinking of connecting it to myfxbook too.
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