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Thursday 29 March 2012

High Risk High Gain - No trade

Comment on 2 charts - D daily and T trading charts

My D daily chart showed that current position was within higher risk SR and the market was going down and if it break a support, it will go further down.
My T trading chart was going up exactly following my thinking.

My 1st error is I thought the market will back to base to pivot point that higher up, actually the S1 could also be the base. I didnt experience this before.

My 2nd error was - as my T trading chart was exactly following my thinking, so I sticked to it . I should not ignore my D daily chart, as It still the dominant chart.

Once the move going down, I made 2 limit order to go long as this is my bad tendency to show how clever I am :). However, I realized that this against major trend so cleared it before, amazingly,  the market touch it once and going up temporarily. Here I did it right even though I lost opportunty to profit as these moves were really high risk coz i t against the trend. The market then gone down for good 2 more times

Good learning day

PS. From now I shall use 2 left reference candles in my T chart as it is better :)

Will add 20 ema

Tuesday 27 March 2012

Correct Correct Correct

Correct prediction that market will stay up bebefore sideways.
Before this, I should be wrong shorting the market down.
even though correct, I still wait for the big one...but not on Wed, because  i have real life task during this session

Thursday 22 March 2012

Wednesday 21 March 2012

Accidently push live button

and then a revenge trade ...
auto stop loss kicked me out -120
shit happen.

then I learned a better way to trade - candle level trade - CLT - this not a new thing to me but it worth a look into.

Tuesday 20 March 2012

DST ..Ouch

Late coming to the screen as I thought the market open at 10pm Msian time. Actually the market open early due to DST. I got the tail.....

Monday 19 March 2012

mONDAY bLUES

prices at Phigh and there were lots of resistance support below the price.
Price action is dead and ranging today. No trade
Tomorrow is a better day. signing off

Sunday 18 March 2012

I'm back

from a wedding (other's ) cere mony taht took my tradiung time...notice my speclling ?

Monday 5 March 2012

One fine line

I confused one line (Prev low) with pivot line as they were in same color (orange)...It caused me -30.
I changed it immediately to purple color...My damage control is good ;)

Thursday 1 March 2012

Missing trains

3x..reason...used join offer button..should use sell market...as market move fast.

however i'm happy my response improved