AHG - Profitable Strategy for Struggling Traders

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Quote from babe714:

So then you don't wait for a close above /below support or resistence ?
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I dont. Many do wait for it for confirmation. Remember this is scalping so your out quicker than it takes to sneeze. I am comfortable taking trades without confirmation, if you are not comfortable then wait for your confirmation.

Piscuy
 
Hi,

Net Loss $-231, basically started down from the start of the day and had some trades that were small winners come back to stop me out breakeven and also couple more winners that came back to give me a small gain on a trail stop.....overall just no continued trend after I got in the trade. NO worries tomorrow is another day :D

Did ok on some BIDU trades :D

Cheers :D
 
Hope you guys enjoyed the day and made some good profits. It was certainly a fun day from the start, lots of opportunities out there. Enjoy the afternoon.


Piscuy
 
This is a small review of possible trades to be taken after the FOMC announcement. Although as it has been stated before trading momentum on such big events is not easy and not recomendable for inexperienced traders. Getting fills is harder on these types of events and it can easily blow off any stops. So the risk is higher but as you see on this chart the reward is higher as well.
If you see closely you will find the area of the trades I posted in the morning and it looks kind of insignificant. The moves after the FOMC were really good and the two im detailing here give multiple entries.
For the ongoing learning process of those who are interested I did not put stops on purpose so that you guys can figure them out. Where and why would you select your stop? Although as I have said on FOMC days fills are hard, a chart is a chart, so for learning purposes it serves us well.

Good Trading

Piscuy
 

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Quote from Cxinvest:

If only all days traded like this....$$$.

~Cx
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wow, you really nailed it! :)

Congrats!


Is each circle an entry? ie, green = long entry, red = short entry, so exits are not marked on the chart? I hope you let some of those runners run.
 
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