Nett negative comission ")
sold & bought at the same price - fast reflex indeed
sold & bought at the same price - fast reflex indeed
Wednesday 29 February 2012
Tuesday 28 February 2012
Rusty reflex - slowww motion
After hiatus of real trades for about 6 months, I did real trading today -ve, slow to enter and slow to exit
next : to focus on fast reflex only,,disregard the profit/loss for next 2 real trades
next : to focus on fast reflex only,,disregard the profit/loss for next 2 real trades
Monday 27 February 2012
Thursday 23 February 2012
Thursday with EIA at 11.30
I have no intention to trade but I 'practised' Live' DOM.
These were 3 charts:
5min, 3r and 500 tick
PRE:
5min - not clear trend
3R showed macd below 0 and EMA red - potential to short
Tick - lot space below
POST : CL slowly grinding down.
Next : When macd below zero dan ema red and tick show lots of space below :> use stoch to precisely join offer
These were 3 charts:
5min, 3r and 500 tick
PRE:
5min - not clear trend
3R showed macd below 0 and EMA red - potential to short
Tick - lot space below
POST : CL slowly grinding down.
Next : When macd below zero dan ema red and tick show lots of space below :> use stoch to precisely join offer
Wednesday 22 February 2012
At last, I realized that ...
there is no fixed rule......need constant adjustments within context of maket...when the edge says there is high chance to profit I shall enter but when I feel the market not quick to approve my direction..I shall get out.
However , I need to warming up by simming before live trade.
Sim +245 in choppy market.
Note : Too late to enter live trade.
Next : to prepare early live trade : Friday - no trading,,, see next Monday
Sunday 19 February 2012
Thursday 16 February 2012
Basic Trading & Sim & Indicators & Divergence Trading
My thought for today:
**1st basic trading rules to know market direction....:
A) Range - use fading technique
B) Trending - use trending method
**Range chart for scalping and 3 indicators _ ADX and MCD and Stochastic
1000 tick charts for MACD divergence trading
** for sims.... from now I will use 2 contracts when SIMming...What I need to lose ?
For real trades , I will stick to 1 lot
**1st basic trading rules to know market direction....:
A) Range - use fading technique
B) Trending - use trending method
**Range chart for scalping and 3 indicators _ ADX and MCD and Stochastic
1000 tick charts for MACD divergence trading
** for sims.... from now I will use 2 contracts when SIMming...What I need to lose ?
For real trades , I will stick to 1 lot
Wednesday 15 February 2012
Silent Night (in Malaysia)
Enviro : range - trend fading
erratic price action so fall back to indicators trap :)
erratic price action so fall back to indicators trap :)
Tuesday 14 February 2012
Saturday 11 February 2012
Old charts with new mindset
Friday : i let the market tell me where he want to go after SUPPORT and the result :+sim 460
Thursday 9 February 2012
Wednesday 8 February 2012
After these years only 2 rules keeps going on with 1 sad fact
The rules of macd zero and the triangle pattern
and the 1 sad fact that I have a tough time putting that rules to work in my favour
and the 1 sad fact that I have a tough time putting that rules to work in my favour
Wednesday 1 February 2012
CL hardknocks -What they dont teach you in trading books
CAUTION: Take these lessons only with pounds of experiences.
1. Volume - Decreased volume during higher price indicate that price may reverse.
2. Mcd - cross zero may indicates anticipation of strong movement
3. Mcd divergence signal valid only in big frame chart. Taking divergence signal in small frame is a sign of sure death and a rookie baby trader.
4. When assesing current situation, relate to the left of the chart. Check the space of least resistance
5. Elliot wave pattern when coincides with MA & Mcd > the risk is minimum
6. Doji and hammer are good 'landmarks' and 'landmines'
7. Fast trend shall be followed by whipsaws and vice versa.
8. CL has a habit of finding the base as the launching pad, normally at the Pivots and SR. Find that launching site.
9. Look for the candle pattern - the trigger - 2 types - the price pattern esp triangle , the candle esp hammer (pin bar), bigger candle and doji (spinning top)
10. As I don't like to deal with losses I will let my Stop Manager to deal with the losses, I will concentrate only on opportunity of profits. Sounded funny but hey, I'm a human :)
11. Stop order can be used to enter market and market behaviour at that stops could be better seen than a market order.... when emotion and overconfidence easily take over. However I will not be messing with Exit stop order.
12. Others often mentioned that SR line is the line of opportunities but remember that SR line could be the line of death. Strong movement could happen at that line. Act AFTER the line is touched and watch the volume for traps. Use market order at the starting position of NEXT candle and use tight stops. What is not killing me at this SR line, will make me stronger.Experience and judgment is crucial here. Thats why some trader prefer the pullbacks than breakouts. But I prefer use the term 'breakback' to replace the term pullbacks - touch and break the SR line then move back to the original direction. What made most of my losses were I expected price to made new turn trend but market later rebounced back to the original direction.
1. Volume - Decreased volume during higher price indicate that price may reverse.
2. Mcd - cross zero may indicates anticipation of strong movement
3. Mcd divergence signal valid only in big frame chart. Taking divergence signal in small frame is a sign of sure death and a rookie baby trader.
4. When assesing current situation, relate to the left of the chart. Check the space of least resistance
5. Elliot wave pattern when coincides with MA & Mcd > the risk is minimum
6. Doji and hammer are good 'landmarks' and 'landmines'
7. Fast trend shall be followed by whipsaws and vice versa.
8. CL has a habit of finding the base as the launching pad, normally at the Pivots and SR. Find that launching site.
9. Look for the candle pattern - the trigger - 2 types - the price pattern esp triangle , the candle esp hammer (pin bar), bigger candle and doji (spinning top)
10. As I don't like to deal with losses I will let my Stop Manager to deal with the losses, I will concentrate only on opportunity of profits. Sounded funny but hey, I'm a human :)
11. Stop order can be used to enter market and market behaviour at that stops could be better seen than a market order.... when emotion and overconfidence easily take over. However I will not be messing with Exit stop order.
12. Others often mentioned that SR line is the line of opportunities but remember that SR line could be the line of death. Strong movement could happen at that line. Act AFTER the line is touched and watch the volume for traps. Use market order at the starting position of NEXT candle and use tight stops. What is not killing me at this SR line, will make me stronger.Experience and judgment is crucial here. Thats why some trader prefer the pullbacks than breakouts. But I prefer use the term 'breakback' to replace the term pullbacks - touch and break the SR line then move back to the original direction. What made most of my losses were I expected price to made new turn trend but market later rebounced back to the original direction.
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