Beginner's Disaster!

So now just moved my stop down to entry so it’s a trade for nothing now. + 17 just now. Tempted just to close as I see that as an opportunist, unexpected little gain

Thanks Buckscoder. More for the “To Read” pile.

Just closed for + 10. Who knows if it will fall a lot further, but 10 pips for nothing is fine with me.

Nope… a trade undervaluation… MINE!

HoG, ur welcome. :slight_smile:

Well, every pip counts. I’d however not suggest to start gambling. I did that often enough and the problem with it is that if you get a loss streak then you will need that money from gambling. I try to take now every trade very serious. Even if it is “just” a few pips. In other words, I try to cut the losses shorter, because I do try to avoid every trade which has not very high probabilities. In favor of money protection.

Well, at least we all had some profits today. I wish everybody a nice evening! :slight_smile:

LOL! I guess you will get over it. If I would count what I missed (and I am definitely a newbie related to you), I would regret a lot. So, I just forget everything after the trade. My bot made also just 20. It’s just statistics. If I would tune this bot to make more, I would have more losses and in the end the profit would shrink, not rise. Even if a profit would maybe rise to 50 pips.

At least you made some profits. That’s all what counts! :slight_smile:

Watching the spike disappear. Not too worried, certainly not sitting here, head in hands, sobbing uncontrolably like a baby that “it could have been soooooooo much better”. Not me.

You’re right Buckscoder, it was a bit of a gamble which I know is not the best plan, just looked on the 1 min chart as though it was set up for a quick scalp, even though I have said before I’m not too comfortable scalping. Did have a tight-ish stop though

Just looking at the 1 min. I know it’s not advised to take much from a 1 min but this one goes back 4 Hours.

Just thinking before the spike it had hit the 1-3750 several times and failed, now since the spike has fell to, and bounced from the 1-3750 level. Any weight to this or should the 1 min more or less be ignored ??

this report triggered the buying… France and Germany ready to agree €2tn euro rescue fund | Business | The Guardian

Look how Merkel smiles, while she is giving the taxpayers money away. Throwing it in a black hole. :frowning:

Okay, looks like we have a hs pattern now. Not sure if that delivers, though.

I am short at 1.3775… if this HS works, we might retest 1.3150 ( I guess :slight_smile: )

Thinking short too, but going to wait til it dips below 1-3750 just to convince myself it’s going lower

This is good news for the bear view… Apple earnings up 54%, but miss Street targets - MarketWatch

and now this… [B]Moody’s downgrades Spain to ‘A1’ from ‘Aa2’[/B]

This post is directed at the very newbies ( like that’s even a real word !! ) who may be reading this thread.

In post number 599 of this thread, Buckscoder posted a link called “Understanding Volatility Measurements”

Then in post number 612, yunny1 just posted a link concerning “Apple Earnings…”

While the subject of Buckscoder’s link may be difficult for newbies to understand, and the significance of the article yunny1 linked to may not be instantly understandable to newbies. I would strongly recommend that newbies take note of the web-sites these links take you to.

They are, and will be, fantastic sources of information in helping newbies further their education. Bookmark those sites now, immediately, before you decide to put iTunes on and listen to Elvis then forget to do it. That’s an order !!

One of the best things about forums is learning from guys that know, take note of what they say when they say it and learn.

Thanks to both of you for adding those links.

Now you can put Elvis on, go on, enjoy yourselves now !!:59:

In all fairness though, Apple’s revenue was up considerably, it just missed analyst’s estimates. I know it all comes down to confidence, but when the numbers are crunched, Apple did have a big growth money wise.

You are right, HoG. but in this world of expectations is bearish, at least in the very short term… Apple had never missed a target since 2004

What is really mind-boggling is the amount of cash Apple is sitting on… 81 Billion :30:

Anyway, ended up going short at 1-3740. Put a stop 1-3760 and targeted 1-3675. Price pretty much doing nothing for a while now but I’ll have to leave it to it’s own devices for tonight.

Youngest HoGette going into hospital tomorrow and she’s very much a daddies girl. So it would help if daddy was at least awake when we go.

Just been thinking recently about writing something on the difficulties faced in trying to trade outside of “peak” trading hours. Over the last couple of weeks I’ve lost, mainly I think because when I get home at night I’m trying to ‘force’ a trade, or find a trade that really isn’t there, both set up wise, and volatility wise, ( or should that be liquidity ?)

Anyway, for the last couple of days, in between some sparkling DIY that looks as though it was done by a true craftsman ( ahem ) I’ve made some money back. The advantages over the last couple of days have been that I have been able to access charts, Bloomberg for news and been able to trade the peak hours as it were.

And I would imagine this is a problem faced by loads of people who try to trade part time. Might just throw a paragraph or two together on my personal take on that subject. If nothing else it’ll give you all something to read to the kids to get them to sleep at night.
Anyway, better go.

Goodnight all !

HoG

Good afternoon! :slight_smile:

Well, seems that hs takes still a while to complete. If it’s not going on top of that. Bearish news and bullish price is a bullish divergence. That’s why I am waiting for confirmation or not confirmation.

Regarding Apple, it’s not Apple anymore. It’s now apple juice, because Mr. Steve Apple isn’t there anymore. I will never get why a company what sells extraordinary expensive and closed source gadgets has that high value. But that’s just me, lol. I would not even buy Google actually. Way overvalued in my opinion! The best time for buy such hypes is quick after IPO.

Okay, eurusd at 13820. One bot lazy, the other bot exhausted from yesterday, lol.

The Street FOREX: US Dollar Recovery Hinted As S&P 500 Index Futures Slide - TheStreet says EU Support at 1.3664 & Resistance at 1.3906. My 4h puts R @ 1.3913 and S @ 1.3651. So on that basis I have a short running from 1.3827. Dollar support is at 9,697 so expect a rally.

Two US news announcements at 1330, though, personally I would not trade through them however good the setup. Apologies, i realize that I am 13 minutes late with that, have not checked the news or the chart so hope your Shorts were okay through it.

ST

Still within exceptable parameters… its off the 4h so a longer trade.