Well jeans are safe if your a spectator… that said, its one of the few sports these days you can take the wife and kids to and absolutely know nothing untoward is going to kick off. Rugby is still very much a family occasion in my house. You should see my younger kids playing junior league with ‘brick sh*t house’ coaches… they are all big softies when it comes to kids! Most players wear ‘Rhino’ tops and bottoms (sort of Rugby trackies well insulated against the winter). One of my older son’s who plays mens first XV will occasionally wear pink socks to training (team colour is green) but he’s 6’ 5" and so far none have remarked on them save me! LOL
On the plus side Hog one of my daughters plays Golf and I understand well in the junior womens section of Bristol. Have a Barristar friend (chairman of Royal Bridgend) who took her on as a mini pupil in chambers for work experience for two weeks and they both spent the greater part of it out on the green! LOL
Anyway, getting back to a trading theme, I read (part of) a Steve Nison book over the weekend and in a part of it he says that the first hour of a trading day will usually set the direction (or tone) for the rest of the day. He quotes a trading addage that says “Novices open the market, professionals close it.”
I’d have to agree Hog… though it pains me to admit… I took a short off the high of 3328 (actual daily close/open 3319) and will let it run till Frankfurt and then look see? Longer bias is still to the upside though.
EDIT: Closed out at BE… its not for me! LOL I get my pips from the longer moves… couple at most off daily and weekly trades… Asian drives me to distraction!
I’m looking around the kitchen this morning and thinking to myself, “Do you ever get one of those mornings when everything just seems to be right?”
I’ve woke this morning to find last night’s short worked out well and account balance now sits at $235.
Mrs HoG is happily making toast for the entire neighbourhood on her new toaster she got on Saturday.
Oldest HoGette is walking about upstairs singing because she is going to the Orthodontist to get her braces off this morning after 2 years
Youngest HoGette is taking her Elephant model into school this morning for the class “circus animals” and is currently giving us all the “What elephants do in the wild” lecture
I’ve left a sell at 1-3385 just in case price gets back up there.
Pink socks and poking kids with candlesticks? Oh my, it runs out of control …
Had a trade yesterday with going long 132ish and super tight sl. Obvisously too tight, lol. Hit my sl then after 2 pips run to my target of 13395. Oh my …
I believe it’s called “character building” Buckscoder LOL !! Personally, I use a totally different expression if that sort of thing happens to me, but I won’t post that here…
Short from 1-3385 kicked in earlier. Had originally targeted 1-3340. i would love to tell you all that there was some fantastic technical level that made me pick 1-3340, but there wasn’t.
Truth be told, at the start of this week I had given myself a little mental target of raising my account this week from $225 close last week, to $250 this week. If I had got the close at 1-3340 on that trade (plus short from overnight) it would have taken my account over $250. So that’s why I picked 1-3340.
However, chickened out at 1-3355, because USA futures were all pointing strongly higher, (for one thing) and the fact I just got a nervous attack and wanted to protect my profit. So closed the trade. Account now sits $247.85. In all honesty I could not trade for the rest of the week and be happy with that total come Friday.
Waiting to see what happens after NY open and still look for a higher short.
EDIT: However, as it stands just now, I feel as though I am firmly in Bingo Bango Bongo territory !!:19:
Awesome progress HoG! If you continue with that progression, you are a millionaire in 10 years. Or sooner.
I mean, if you make it say to $500 then you can increase the risk a bit and your chances will increase as well. Not too much, but you can always tighten your lotsize if your account shrinks again. That’s the way to go imho. After b/e and some profit to increase the risk. Not so much that you can lose all in 5 trades, but higher than in “rescue mode”.
Despite my small loser overall the week started well for me, too. Well, I will probably reduce my by hand trades to longer timeframes. I am often right, but my sl is too tight and I can’t watch the Asian all the time. Trailer would be an option, but even then I’d reduce my chances with same risk and that is not smart trading. H4 and up is much better to trade by hand. For intraday I have my bots. I’ll also reduce my experimentation a bit. I learned a lot in the past weeks and now I have to read a lot more and then after all the H1 and lower are tradeable, but it’s too much work. For what do I have my bots?
I’ve also a lot of other work to do plus a ton to read. You have a great week and all others as well!
I had a busy day… 5 trades over about 8ish staggered entries… so I’m really pretty much toast now. And HoG… great short u took over there. 1.3380ish. Beautiful.
Wish I hadn’t been giving a webby when it hit…but, I can’t complain with a perfect winning day.
Anyway…u both kick some more butt…lets see if we can all do it again tomorrow eh!
Itching to get back in right now and take my account over $250. But I know that is part of the Trading Psychology that is getting the better of me right now, so trying to stay back and leave things alone.
I know the Daily pivot R1 is right around the 1-3317 level so not sure if it’s worth a short or wait for a bounce to go long. I guess that very statement in itself should tell me to stay away for a bit, regroup and come back with a level head.
Did look at AUS/USD after reading Niki’s post, but in the end I decided that even thought he charts may look like one thing, I really don’t know any other pair, (not saying I know the EUR/USD inside out but at least I know the range they’ve been in)
So as the old saying goes, it’s better the devil you know, so decided to leave it alone. EU has grown my account steadily, stick with that until I grow in experience.
Well done to you too Buckscoder. Glad to see everyone moving in the right direction.
Nice job HoG! I’m having a pretty lousy day myself (down 1%). I’ve got to remember to have my coffee before even touching my laptop in the morning, otherwise I see things that aren’t there :53:
Nice work guys… its good to see everyone is up at the start of the week! I’m actually considering calling it a week already given my average weekly is 250 pips/ 2.5% of bal and Sunday- Monday I’m up 277 pips/ 2.77% of bal. Two longs and one short of today’s high. PA now smack in the middle of daily range… so I’m at least out until PA hits one or other extremes of daily. Well done all!
I used to have a similar experience with beer teb (seeing things that weren’t there that is). Sorry to hear it hasn’t gone as planned today. But tomorrow’s another day (remember the coffee first !! LOL)
Wouldn’t life be great if it worked out like that every week? Sunday Monday, Bingo Bango Bongo, feet up for the rest of the week. Ah well, I suppose that’s what prayers are for ! :51:
Thanks all and congrats for your pips as well! Yes it was the fiber. Could’ve been a little more, but I better play safe with my hand trades. That scalp was a relative sure thing.
Seems like the Asians now wanna drive it down a little and then buy? :33:
FXCM Dollar Index is currently at 10,008. I know this might not mean anything to anyone who doesn’t watch the FXCM Dollar index but there is a strong resistance area around 10,015/10,020.
A drop of to around 1-3280 on the Fiber would see that index into that zone. A long through the Asian might well be the play
Just made it over the $250 barrier. Was so nervous about it I cut my short off and now price has went 15 pips lower. Oh well, can’t believe My account has come so far since Sunday. (up from $225)
Anyway, going to bed now cos I’ve had enough for today. Tempted to leave along around 1-3275/80. Stop would be super tight at 1-3262 ( just around S1 on daily pivot ) targeting 1-3390 area on R1.
Dunno what to do. I think Asian will see price go up tonight
