what? you got the wrong thread?
trading the momentum cycle
- Thread starter padutrader
- Start date
Nope. Was replying to Handle123.
i hope you will not take this the wrong way but it would have been good if you had quoted handle....we all would know what you are talking about
Don't be such a thread Nazi! I did quote him, post #139.
thanks i learnt a new term
After losing for several years and then finally learning to trade futures, just had $5k, so had to trade very conservatively, was doing long term and margins had to be under $800, so I think for my confidence level of trading very slow moving markets till account got to $10k was half the year. Then I went to some currencies and trading the German Mark, way before they switched to Euro, member I did well on favorite markets like Live Cattle and Copper, account at one point was over 300%, but should not done coffee....putting on too many will hurt you. LOL
It was good experience, but I wasn't trying to make a name, was more of getting discipline and my confidence, never ever thought I win with that small of percentages.
closed trade.......30 pips loss.....
Markets are supposed to trend or range but there appears to be something that is neither or it could even be said, that is both at the same time: a ranging trend.see yellow box.
This is often a very tight range with a direction bias and can be very confusing if reversal trades are taken,
Breakouts from the channel appear to fail and i have observed that these may be faded:however as is the problem with most counter trend trades, stop placement is an issue.
I am slowly coming to the conclusion that though there are trades that are logical i the interest of survival it is better not to take those trades
This is often a very tight range with a direction bias and can be very confusing if reversal trades are taken,
Breakouts from the channel appear to fail and i have observed that these may be faded:however as is the problem with most counter trend trades, stop placement is an issue.
I am slowly coming to the conclusion that though there are trades that are logical i the interest of survival it is better not to take those trades
Last edited:
but if look at one time frame then it may alternate.Now in a range you fade strength and in trend you trade with the strength