College trys again

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Quote from ammo:

the truth is i'm a nervous long trader,so rather than deal with it,over and over painfully, i just trade the short side,it's a weakness i accept,the upside is i can concentrate twice as hard on the short setups
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This makes sense in a way I can see that complete attention to short setups only or the contrary long setups may allow for greater focus. You don't have to "shift gears" ...very interesting
 
I must say the charts generated by your method are intriguing unlike the charts used by other traders. Any spare time I have in next few weeks I'll spend nosing around on those websites you were kind enough to provide me. For right now I want to get an overview or the big picture, learn to terms enough to get a feel for what your intent is.
 
Quote from ammo:

your mother is a relative, the truth is i'm a nervous long trader,so rather than deal with it,over and over painfully, i just trade the short side,it's a weakness i accept,the upside is i can concentrate twice as hard on the short setups
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It makes sense though. You focus on one direction so you don't get confusion, and you will spot potential short trades more readily since your radar is always screening on that particular direction. Mostly, short trades are more rewarding than long ones. Falling down is rapid in most cases, for fear is stronger than greed.
 
Getting out of this short right now. I'm on the wrong side!

Covered short from 841at 2955

Long 2955

-114 pips :(

Must face the objective truth as I "know" it to be at the moment. This is the direction I think I should be.
 
Quote from college ruled:

I must say the charts generated by your method are intriguing unlike the charts used by other traders. Any spare time I have in next few weeks I'll spend nosing around on those websites you were kind enough to provide me. For right now I want to get an overview or the big picture, learn to terms enough to get a feel for what your intent is.
More...
all you need is a graph paper notebook from office depot,$5,start hand charting and it will teach you by osmossis,repetition is what you will see and you will easily get in and out at the right spots,it really is that simple for scalping, provided you always have a stop that you honor so you don't get killed when a storm comes up
 
Holding long into the weekend hoping for a gap up. Need to make back 116 pips gaps are nice way to grab a lot at one time.

Placing a stop at 12899 because I have been listening to the advice:cool:
 
Quote from college ruled:
Holding long into the weekend hoping for a gap up. Need to make back 116 pips gaps are nice way to grab a lot at one time.

Placing a stop at 12899 because I have been listening to the advice:cool:
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Yet another overnight/weekend hold? Talk about short term memory

GoldenMember
09-08-12 04:46 AM

“Those who fail to learn from history are doomed to repeat it.” Sir Winston Churchill
 
Quote from GoldenMember:

Yet another overnight/weekend hold? Talk about short term memory

GoldenMember
09-08-12 04:46 AM

“Those who fail to learn from history are doomed to repeat it.” Sir Winston Churchill
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I have a stop in place. :confused:

The WEEKLY chart shows a lot of room overhead for higher prices. Convinced me to reconsider my original plan to short my way out of my shorts. I mean since I am convinced this is going higher what's the point in holding one short trading another short? add to this a gap up would get back in a hurry a lot of lost pips.

That's my reasoning and I believe it's sound.
 
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