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Colorado. Thought I was going to Copper or Breckenridge, but Eldora was reported to have the best snow right now, so floated between there and Boulder. Never tried California skiing but want to.
Took one trade in about a week... starting to miss it but not focused enough right now.
Can you help answer these questions from other members on NexusFi?
My study of the 6B has been net profitable, in fact overwhelmingly positive as far as wins versus losses, but I am not yet feeling like I am truly understanding it's nuances. I almost bought it at 1.5515, but hesitated. On the 180 minute price hit a 100% APP of the previous swing up, and that area is also the underside of the overhead downward trendline. This could be a major reversal area for continuation to the downside from that perspective.
I am currently planning a buy around 1.5500 but may miss the move by being too conservative. But have not traded with anything more than a laptop screen for over a week, and enjoying just watching the show whether I enter or not.
It appears as if other traders today were seeing the same flag (or box on a smaller timeframe) unfurl here, as the base held over multiple approaches for a day-scalp of potential 20+ ticks
But the real move would be the possible breakout, and I did not see that it woul gain much momentum without proving it could escape the overhead trendline, and so chose to ingonre the pattern today.
I have noticed the 6B seems to follow a path of one flag after another, over and over, but that the breakouts seems to be almost a coin toss as to whether they follow the prior move. The break itself seems to be more important, and at this overhead resistance I would possibly prefer a break to the downside for longer swing potential.
Having been out of touch for awhile due to a ski trip, I sat flat all day. And, unfortunately I am back out to Texas on Monday, so next week will be tough as well. I have a new business that is picking up speed and which offers better odds than trading, so my focus lately has been more on making sure my trading skills stay sharp more than actually trading or even sim trading. I do expect to make the switch to full time within the next few years and do not want to lose any ground.
The bullish flag did play out correctly so far. I did miss the move by hesitating due to overhead resistance potential. An entry as I had mentioned earlier this morning would have seen virtally no heat today, And the move would have been worth a trade. But, the Pound is still more of a curiosity to me than a money-making vehicle.
I thought it was interesting to see the 6B and 6E part ways, after a few weeks ago had thought that was what the daily charts were suggesting. The daily pattern in the 6B is what initially caught my attention, while the 6E seemed weaker on a daily.
I only took one trade this week, on a laptop in a hotel room in Boulder Colorado. It was long one contract the M6B for a 36 tick gain, but I can't even recall what the setup was. I know I was in it already and then needed to iron a shirt, so moved my laptop so it was sitting on the ironing board so I could watch... That was more due to the uncertainty of a hotel wireless connection than anything. I did lose the movement of my profit/stop brackets and had to call the broker to get flat, but never lost view of volume so did not even know I had lost the connection. I figured the mini version could most likely not wipe me out.
I seemed to "need" to take a trade after several days of no markets. That obsession I have is something that I need to be cautious of, and thus the compromise with myself to go with the mini version. It was nearly insignificant, but still allowed me to participate and have some fun with it. My $22 win went in on a good cause, buying yet another book on chart analysis which I finished on the plane back to Florida.
Sitting watching football with my wife, preparing to leave for Houston in the morning, I just had an interesting realization.
I was trading with a frequency of roughly 2-3 trades per day last year. I slowed down to reflect over the holidays, shifted my focus to a different market, and so far for 2012 have traded with incredibly low frequency. I have questioned myself a few times already as to why I would not continue with my prior trades.
A part of that is due to the speed with which a new business is growing, but there is something deeper that I just grasped. My reflection of 2011 that occured in December turned into a desire to learn more. That lead to expanding to yet another market, and that has lead to a desire for a deeper understanding of market movement.
But above all, what just hit me; it is hard to learn something new while I am doing something old. The "new" needs some space to settle in. My trade frequency has dropped off to give me room to grow.
And I believe I will be a better trader because of it.