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  1. wwatson1

    option trend snake oil

    If you give me the 5k I will show you how to make 3 thousand a month forever risk free and no effort
  2. wwatson1

    option trend snake oil

    Sell options and receive a nice easy second income
  3. wwatson1

    option trend snake oil

    I usually receive allot of snake oil in my inbox, but I have noticed a strange trend towards snake oil sellers pushing options selling, anyone else's noticed this.
  4. wwatson1

    Some ways to define a Trend.

    Its usd/jpy and im long trading 5 min time frame
  5. wwatson1

    Some ways to define a Trend.

    Thats 4 hour uptrend, but im trading the 5 min... even if 5 min fails the 4 hour usually backs you up and brings 5 min into line
  6. wwatson1

    Some ways to define a Trend.

    In forex if something really starts to move up on 5 min time frame and you look at 4h and daily and they are all trending higher you can start to really fire into it with confidence
  7. wwatson1

    Some ways to define a Trend.

    You can add to your position at the moving averages as they often represent a good value entry in respect of the trend and time frame your working with
  8. wwatson1

    Some ways to define a Trend.

    I enter a bit straight away to take away the feeling that I will miss the opportunity, then if price moves against me I enter a little more which brings my average price down and so on :)
  9. wwatson1

    Some ways to define a Trend.

    Ok well all I have on my charts is a 50 100 and 200 ema, when price is above all off them and they are separated nicely in the same direction on 5 min 1h 4h and daily I define that as the trend. this is an uptrend I'm long a small amount on this pair, if price retraces to the 50 ema I will buy...
  10. wwatson1

    Some ways to define a Trend.

    Yes we all remember people that helped us on our way
  11. wwatson1

    Some ways to define a Trend.

    And everyone who is looking at the so called comets tail is selling
  12. wwatson1

    Some ways to define a Trend.

    I kind of see what he's saying but bit stupid really because its like saying "look the market is going up lets buy!" Then you look and its actually an exhaustive rally up to 200 weekly moving average in a 10 year downtrend haha
  13. wwatson1

    Some ways to define a Trend.

    I really like that bit about the comet! But if you have ever tried to jump on a "comet" then watched it re-aline with a longer trend you will burn up just like a comet does!
  14. wwatson1

    Some ways to define a Trend.

    Are you a fundamental trader?
  15. wwatson1

    Some ways to define a Trend.

    Yes thanks johno, the problem is if you make one entry you will hardly ever get the best price, if the trend completely reverses on all time frames up to the 4h or daily just hedge the trade or close part of the position ONLY if trend and sentiment has completely changed for the worse and take...
  16. wwatson1

    Some ways to define a Trend.

    If the long term trend is up it shows that for a long time good things have been happening for the underlying, with this in mind unless something fundamental has changed you can place trades in this direction. You will always get retracements against you, sometimes immediately but if you scale...
  17. wwatson1

    Trading is like a drug

    When I say 30% right I mean as in predicting the move in the underlying
  18. wwatson1

    Trading is like a drug

    I don't really care what you think, I just know i have more experience than you and that's my opinion
  19. wwatson1

    Trading is like a drug

    I use hedging most the time
  20. wwatson1

    Trading is like a drug

    No I'm just going off experience, you can be right some of the time, about 30% I have found
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