DTB 11/10

ppteam

1. short close of bar 6 for scalp
2. limit buy at 1203.25 at bar 9 for scalp
3. buy close of bar 11, lost 4 or 5 ticks in next bar, just bad trade.
3. buy stop at bar 13 for scalp
4. limit short at ema at bar 15 for scalp
5. stop buy at bar 23; then I went to meeting. stop is set as below the low of today; target for half size is set at 1211.
   when I came back, target for half was hit.
6. limit buy at ema at bar 35 for scalp
7. if bar 43 closed at its low, I would dump my remaining swing, got lucky reversal right away.
8. buy close of bar 46 for scalp
9. limit short at bar 49 at high of bar 48 for scalp
10. I tried to buy close of bar 55, didn't get filled. My remaining swing got out at 10 points.
11. buy stop at bar 72, even out or lost 1 tick.

I put a limit short order at high of bar 57, didn't get filled.

Yesterday was not a good day at all; but it's important not to let emotion carry over to the next day.
Trading is 40% of chart reading and 60% of emotion control, money management and trade management.

开小差

回复 1# ppteam


   

sorry, should be down to 07.25 instead of 17.25 that happened when bond auction result came out.

ppteam

回复 2# 开小差

you bought for stop order at 10.25, why didn't just limit buy at ema?

windy

greenback

Diffusion

Yesterday was not a good day at all; but it's important not to let emotion carry over to the next day.
Trading is 40% of chart reading and 60% of emotion control, money management and trade management.
ppteam 发表于 2010-11-10 16:40

   

Diffusion

1. short close of bar 6 for scalp
2. limit buy at 1203.25 at bar 9 for scalp
3. buy close of bar 1 ...
ppteam 发表于 2010-11-10 16:40

    btw, what's your view of the market in near future? the market stalled in the last 2 hours and make me worry about the rebound...

ppteam

回复 7# Diffusion

I have to check more later tonight. it's hard to say short term, midterm should be still bullish.
bears didn't get followthrough today.

开小差

回复 3# ppteam


    i dont' know what mean buy stop at ema, if u mean buy when es reach ema, then i will do it next time because i have never tried this method for trading, i am still learning,
   However, actually my plan was to buy at 18.5 which did not get filled, when i saw es is kinda shoot up , i jumped in at 10.25.

LLN

1. short close of bar 6 for scalp
2. limit buy at 1203.25 at bar 9 for scalp
3. buy close of bar 1 ...
ppteam 发表于 2010-11-10 16:40

    Why short close at bar 6 instead of bar 4? It is because bar 6 break out the low of yesterday?

LLN

Bar 14 and bar 72 looked alike.

ppteam

回复 10# LLN

there's a chance for double bottom there

speaking of GAP, today filled half, lol
never use gap fill as target.

LLN

回复  LLN

there's a chance for double bottom there

speaking of GAP, today filled half, lol
n ...
ppteam 发表于 2010-11-10 19:49

    Thanks.

Poo

西安

90ufo

5. stop buy at bar 23; ppteam 发表于 2010-11-10 16:40

stop buy above bar22's high, or above ema?  
How do you know it will break above the ES1207.25 resistance and trendline resistance?  I don't have the guts to buy there.
you bot at ~1206, you set target 1211, stop loss ~1202, that's 1:1 risk/reward.  but I guess you are pretty sure it will go to 1211.

ppteam

stop buy above bar22's high, or above ema?  
How do you know it will break above the ES1207.25  ...
90ufo 发表于 2010-11-11 01:13 AM

above bar 22 high.
yes, I think the probability to have some bigger bounce is high. climax down, the down in the morning was not that strong.

1211 target is easy to spot. The previous down had several channels, channel starting area is the normal bouncing target. Red lines. actually it should be 1212.
Market got both yesterday.

90ufo

above bar 22 high.
yes, I think the probability to have some bigger bounce is high. climax down ...
ppteam 发表于 2010-11-11 12:31

thanks. 学习学习再学习.
"channel starting area is the normal bouncing target. " 火星人的理论.

ppteam

回复 18# 90ufo

I think his heart and soul is to trade reversal. so be careful, and apparently it won't work that well in currency market at all.

Ave

回复  90ufo

I think his heart and soul is to trade reversal. so be careful, and apparently it wo ...
ppteam 发表于 2010-11-11 13:08

Well, one trading rule he iterated several times is that to start out, just one setup, buy/short pull back to ema and stick with with-trend trades.