Why Is The Obvious Not So Obvious?

[M4-1]

@M4-1 and @Lort Noc
Were you guys smart enough to figure it out yourselves
and if so
which post(s) were beneficial?

Thanks.

if you mean TFF i think that was The Famous Five

amyway..forget everyone else..if you aren't making some money..doesn't matter how big once you are making some..then stop..and if you are losing money..then you have to ask yourself am i near the limit of what i can afford to lose

too many think they can make big money with small money..ha ha ha..the fools gold again..need say no more

you asked for a trade..well i will show u one i done today..it was of course on the MES..as i am not trading anything else at the moment..and have no intention of changing..might add some MES options later on..but spreads are a bit much and with options you have to do a bit of work..as the money in options is selling them..same as house insurance !

will post trade shortly

M3

 

[M4-1]

put on trade after drawing my line..and went about my business..during my dinner i opened up my phone..got a fill..put in a close position order..and had my dinner

fed the dogs..checked my phone..close position order filled..i can't really tell you any more than that..i could have opened up the laptop and "managed my position" more closely to fine tune the exit..but my dogs are far more important than any market..or money

 

[M4-1]

i have decided to listen to LN and do some simple maths..let's see if it can show anything of value?

M3

 

[M4-1]

put on trade after drawing my line..and went about my business..during my dinner i opened up my phone..got a fill..put in a close position order..and had my dinner

fed the dogs..checked my phone..close position order filled..i can't really tell you any more than that..i could have opened up the laptop and "managed my position" more closely to fine tune the exit..but my dogs are far more important than any market..or money

oops..what happened the charts !

 

[Onra]

If I follow you correctly the first trade was a sell; the second one a buy (or a TP?)

Price retraced with the sell; if your stop was above the first high, it would have survived the DT...

 

[M4-1]

If I follow you correctly the first trade was a sell; the second one a buy (or a TP?)

Price retraced with the sell; if your stop was above the first high, it would have survived the DT...

i had no stop..one advantage of small risk during "normal" trading is that you can allow more leeway..you have to keep an eye on what is happening and such things as trump mania and middle east stuff..otherwise..you initial small risk could well easily turn into a big loss..and wipe out many good small trades in an instant

 

[Onra]

i had no stop..one advantage of small risk during "normal" trading is that you can allow more leeway..you have to keep an eye on what is happening and such things as trump mania and middle east stuff..otherwise..you initial small risk could well easily turn into a big loss..and wipe out many good small trades in an instant

so you watched and had a mental stop;
the retrace might have spiked a bit more, but the trade would have remained valid.

 

[M4-1]

so you watched and had a mental stop;
the retrace might have spiked a bit more, but the trade would have remained valid.

yes..if it goes into loss then i watch it more closely..make decision based on charts..i am not too worried once it is not a wild volatile day..and if i do get caught with a major news spike then that is my bad luck..and the price you must be willing to pay for not monitoring your trades..but..that is why i am trading the MES now..i would never leave an ES trade unmonitored..as a loss of $200 or $300 is nothing..but $2k or $3k is not nice !

it will be interesting to see how the P/C ratio changes over next few weeks for ES options..it is currently:

Dec 20

OI = 1.9857
Vol = 1.6759

Totals

OI = 1.8775
Vol = 1.9266

 

[Vindago]

M4-1, you traded the balance, that I do mostly. These are the easiest trades as if wrong you'll know soon enough, while if right you have a clear target.

 

[Vindago]

I like to trade when price moves outside the track and stops, then oftentimes, it moves back to the other side of the track. not always, of course.