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"Just Oil"
Aug 09, 2011 at 12:02
(已编辑 Aug 09, 2011 at 12:03)
Oil made higher high and higher low. Still it is still down trend but might be reversing. went long at 78.92. after few attempts to find direction. failed to capitalize on my right decision. picked about 40 pips while it went 300 pips up. Crazy volatility.
Need to become more reactionary then predictionary. It will cut my losses.
Gotta trade from 15 min at least.
in any case I am up somewhat. Waiting for clean signs where to trade. Long or short.
15 min pin bar down. eyes are forming. it is still not negated but price holds above 80.80 so better to stay flat for now.
Need to become more reactionary then predictionary. It will cut my losses.
Gotta trade from 15 min at least.
in any case I am up somewhat. Waiting for clean signs where to trade. Long or short.
15 min pin bar down. eyes are forming. it is still not negated but price holds above 80.80 so better to stay flat for now.
Aug 10, 2011 at 10:44
(已编辑 Aug 10, 2011 at 10:49)
Made a couple of trades. 1 loss 1 win.
Actually I saw opportunity to go long after 81.85 break out but because liquidity was so low and everything was slow I hesitated although there was clean signal with small risk. then entered after break of 82.45 on retracement but got stopped. waited how things will turn and went long again this time made a win but closed 20 pips before target. it got hit just few seconds after I closed position. I think the guys gonna run price up to at least 84.00. But oil inventory news are at 9:30. I decided it would be better to bag some pips and start looking for trades later. I am also leaving in an hour so, I guess it is ok.
0.6% up for now today.
Actually I saw opportunity to go long after 81.85 break out but because liquidity was so low and everything was slow I hesitated although there was clean signal with small risk. then entered after break of 82.45 on retracement but got stopped. waited how things will turn and went long again this time made a win but closed 20 pips before target. it got hit just few seconds after I closed position. I think the guys gonna run price up to at least 84.00. But oil inventory news are at 9:30. I decided it would be better to bag some pips and start looking for trades later. I am also leaving in an hour so, I guess it is ok.
0.6% up for now today.
Aug 10, 2011 at 10:46
(已编辑 Aug 10, 2011 at 10:49)
Experience says that it is hard to see things clear before the coming news. it can all reverse and drop like a stone too. the trend is still down despite upper trend line broken. But the drop of price was so steep that I see no other trend lines to downside until very high. as a rule such steep drop should cause nice rally.
so far price has been making higher high hence I only was looking for longs. let's see after news what will happen. anyway, ia m already in the money.
so far price has been making higher high hence I only was looking for longs. let's see after news what will happen. anyway, ia m already in the money.
Aug 10, 2011 at 10:57
Yesterday got head ache just in time. I clearly saw what was going on and was ready to go short. suddenly got that head ache and I cannot think straight when it happens. price dropped 350 pips in a matter of 10 min and risk would have been absolutely minimal 30-40 pips.
Aug 11, 2011 at 11:01
(已编辑 Aug 11, 2011 at 11:01)
Since it is my last day for a week. made a quicky and closed for about 40 pips. unfortunately I entered 20 pips better but closed it at BE, got too spooky then had to reenter at worse price.
was very patient. i missed that short entry by 3 candles. came too late to PC and waited until I saw what I wanted to see.
I think my long trade has much better potential, but as it is the week end, I would pick whatever and call it a week.
0.31% today. Next week I will keep working on patience and yes, I will be looking for more pips. want to reduce trade numbers and improve my hit rate.
was very patient. i missed that short entry by 3 candles. came too late to PC and waited until I saw what I wanted to see.
I think my long trade has much better potential, but as it is the week end, I would pick whatever and call it a week.
0.31% today. Next week I will keep working on patience and yes, I will be looking for more pips. want to reduce trade numbers and improve my hit rate.
Aug 11, 2011 at 11:16
(已编辑 Aug 11, 2011 at 11:16)
gut feeling says say now there might be a drop!
I actually have all set up for short trades too. have the whole damn plan long or short on my screen. looks kind of spider web where I am sitting. But will be just watching. consistency is a key and no sense to get greedy. Week is done, now, where is my Martini 😁
I actually have all set up for short trades too. have the whole damn plan long or short on my screen. looks kind of spider web where I am sitting. But will be just watching. consistency is a key and no sense to get greedy. Week is done, now, where is my Martini 😁
会员从May 21, 2011开始
45帖子
Aug 13, 2011 at 09:10
Hi Chikot I'm back.
I'm thinking of opening a live account with FxPrimus as well.
What is your experience with them?
Are you using Fixed, Variable or ECN spreads?
I've heard that for fixed spreads, liquidity providers do not accept lot size below 0.1, and so one can naturally assume that a dealing desk at FxPrimus will have to take over. My fear is that there might be market manipulation.. that's all.
Thanks in advance & best to your trading
I'm thinking of opening a live account with FxPrimus as well.
What is your experience with them?
Are you using Fixed, Variable or ECN spreads?
I've heard that for fixed spreads, liquidity providers do not accept lot size below 0.1, and so one can naturally assume that a dealing desk at FxPrimus will have to take over. My fear is that there might be market manipulation.. that's all.
Thanks in advance & best to your trading
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
Aug 13, 2011 at 11:00
(已编辑 Aug 13, 2011 at 11:02)
Hi iwillsurvive, well come back.
I have ECN spread. It is not however what was advertised on Demo. There I had 3 pips spread +1 pip fee, on live I have 4 pips spread +1 pip fee.
Otherwise fine.
Fixed was 5 pips on Demo, but I saw Fixed got increased to 6 pips also on Demo so I have no idea what they have now.
Variable when i tried it on Demo always was same as Fixed so I see no difference. When i traded Demo I always could open minimum size position of $0.01 = 10 cents. This is the minimum position everywhere on Demo but I am not sure about Live as have only traded ECN spread account.
Regarding your fear. I am not sure what you mean by market manipulations?
So far the only thing that could look like manipulations was freezing platform resulting in me not being able to enter trade. It has happened on a couple occasions usually on break out when volume was very high and resulted in gaps.
That's all. ECN spread once was increased to 20 pips during some important news a month or two ago but I have not seen spread increase any time else since then.
My stops were hit few times by few pips and then price reversed but I guess it happened because I entered too early as price was retreating and clearly towards those areas as there is orders there.
I have ECN spread. It is not however what was advertised on Demo. There I had 3 pips spread +1 pip fee, on live I have 4 pips spread +1 pip fee.
Otherwise fine.
Fixed was 5 pips on Demo, but I saw Fixed got increased to 6 pips also on Demo so I have no idea what they have now.
Variable when i tried it on Demo always was same as Fixed so I see no difference. When i traded Demo I always could open minimum size position of $0.01 = 10 cents. This is the minimum position everywhere on Demo but I am not sure about Live as have only traded ECN spread account.
Regarding your fear. I am not sure what you mean by market manipulations?
So far the only thing that could look like manipulations was freezing platform resulting in me not being able to enter trade. It has happened on a couple occasions usually on break out when volume was very high and resulted in gaps.
That's all. ECN spread once was increased to 20 pips during some important news a month or two ago but I have not seen spread increase any time else since then.
My stops were hit few times by few pips and then price reversed but I guess it happened because I entered too early as price was retreating and clearly towards those areas as there is orders there.
会员从May 21, 2011开始
45帖子
Aug 13, 2011 at 15:25
Thanks for your reply Chikot,
Its good to see that your live account is doing well.
I'll probably try out fixed spreads with them and see how it goes.
Is trading your full time job?
Its good to see that your live account is doing well.
I'll probably try out fixed spreads with them and see how it goes.
Is trading your full time job?
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
