CL Redux
- Thread starter schizo
- Start date
Yeah, I see that, thanks. Sometimes on a swing trade you have to take a bit of heat. I know to the daytrading mentality this is difficult to understand; but one must compartmentalize and adapt. Pull any chart and the trend is up.
I think you are right, this is a reaction to the China situation, yes. Will this turn the trend? Kinda doubt it, but certainly don't know. I am going to try to offload that last add if I get a chance to improve my position. I still like the swing.
I agree with you: the uptrend is intact, in fact, I'd say we have to break below 78 to change it, but <i>today</i> I think we end negative (not near the lows, though, but I still see room for another spike down).
And btw, it wasn't a criticism of your trade at all, just a heads-up.
Go get'em fuckers!
Quote from Picaso:
I agree with you: the uptrend is intact, in fact, I'd say we have to break below 78 to change it, but <i>today</i> I think we end negative (not near the lows, though, but I still see room for another spike down).
And btw, it wasn't a criticism of your trade at all, just a heads-up.
Go get'em fuckers!
Oh no, I know your intentions are good, and besides, I have a thick skin so please feel free to tell me I'm being stupid. Sometimes, we all need that, and I won't take it personally.
This job is so difficult because we can never see the future (duh!) and you have to balance so many places/prices to make money, all while controlling your own emotions.
When a trend asserts itself, you tend to make money all along on the swing trades, right up until the last one gets jammed up your ass; problem being of course that nobody knows the "last one" until it's firmly in your ass.
Then, it's obvious, and everyone points and laughs. Yet, on the whole the process is sound and for me it beats hanging on every tick. Your account must be of sufficient size, however, to make it work. Oh well, this is the nature of trading.Me to!!
sim
Crap! I was getting the fajitas ready! :eek:
That stop-limit got filled at .20
stop is 20 ticks at .40, not looking good at all, but gold keeps pounding its lows (and oils seems to be mirroring gold more than euro, which seems to have stabilized somewhat, so holding the position).
Will move to be when I get the chance and hold for a hard break.
:11 stop to be at .20
not taking profits here and sitting on my hands with a hard target at 84.30 - will reassess after lunch.
Crap! I was getting the fajitas ready! :eek:
That stop-limit got filled at .20
stop is 20 ticks at .40, not looking good at all, but gold keeps pounding its lows (and oils seems to be mirroring gold more than euro, which seems to have stabilized somewhat, so holding the position).
Will move to be when I get the chance and hold for a hard break.
:11 stop to be at .20
not taking profits here and sitting on my hands with a hard target at 84.30 - will reassess after lunch.
Quote from Picaso:
I agree with you: the uptrend is intact, in fact, I'd say we have to break below 78 to change it, but <i>today</i> I think we end negative (not near the lows, though, but I still see room for another spike down).
And btw, it wasn't a criticism of your trade at all, just a heads-up.
Go get'em fuckers!
around $84 also seems to be sweet area, if we don't do a miracle U turn today, maybe we'll hit it Monday
edit or today :eek: