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part of me want to chase that market but not today, some days (especially holidays) are just to slow to trade.
--but I still believe it has up sight potential for tonight
You say you have no trading experience, you say this isn't a journal and that you are going to teach a methodology. You are commenting every few minutes while you are in trades where you are less than confident about your trade decisions, and asking questions like whether or not volume is less on a holiday.
What have I missed? Are you a vendor? Are you here to sell something? Are you associated with a vendor in any way?
I encourage traders to start journals in order to improve their trading and am all for you doing that. That is where I am getting hung up here, because this looks like a journal, yet you say it isn't - that you are teaching a methodology, but your actions aren't in sync.
Please clarify exactly what your intention is (in detail) with this thread.
First, you are overreacting. Based on your past experience your perception is telling you that I'm a vendor -- which I'm not. So far I can classify myself as a looser, because I never recover the money I lost when I started trading futures in late August and early September in 2011.
(And the loss was huge -- I'm still dealing with the mental damage that this caused. While I can make consistent profit on SIM, I'm not only afraid, I'm tormented to push the button on my live account -- looking for excuses not to. And believe me my personal life is not so good too because of that.)
Than in October/November my Broker MF Global went bankrupt. After recovering some of my money I've sign up with IB in January -- (and of course I lost more money). By IB standards the trader trading less than one year have no experience. So I have no experience. And this is true because in trading it is far easier to know what to do, than to actually do it, It comes with the experience.
Now, I never said that I'm teaching a methodology-- I'm a student with overpaid tuition that love to learn. I only stated in my first post that certain price moves or swings can happen in respect to the time of the day.
Since mid of October 2011, I've observed price movement of gold, silver, and now ES (at least 10-12 hours a day during the different times slots, and with many all-nighters too) and I believe there is correlations between the price move and the time of the day. This is why by opening this thread I was hoping that maybe other traders have noticed similar market behaviour.
There is no conspiracy here just pure research.
Thank you
Dario
Thank you - I really need it.
Also, due to your established rules quote: "The administrator has specified that you can only edit messages for 1440 minutes after you have posted. This limit has expired"
Would it be possible for me to continuously update my first post as it is work in progress post.
Thanks
Dario
7:00 - 9:30AM
pre- US market opening volatility
sometime depends on the early key news or leak of the succeeding news
be careful, one can get fleeced very easily