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any mkt anytime is assassinated by bugs.. the ones that know me know what im talking about....
Nothing for sale.. free calls good calls bad calls all based on what you see... the guys that trade with me will one day trade like me... No one to prove to except ourselves... Slowly but surley we will concur this mkt.....
Guys this is what i see everyday...... Not showing off but just to keep this journal alive & show you what i see.... Dont forget this is just part of what i see....
I got just over a point & was glad with the result as i stuck to my plan & that is what we try to do everyday in & out stick to the plan....
I wish everyone Good Luck & see you in the room...
First one is the 6E
2. CL
3.EMD
4.FDAX
5.GC
BUGS
Can you help answer these questions from other members on NexusFi?
Hey Kbit,
The Eur/Jpy has created a pinbar twice but hasn't decided which direction to go. We need to watch it and see if it ends up to be a good trade. Can you help keep an eye on it and share your readings of it. Thanks.
Actually this one I'd like to see get blown out. You could put an entry 10 ticks over the high and see what happens if you like it...looks like 106.75-107 would be a fair target. What I don't like is that the weekly and daily are in downtrends and it has room to run down. I would expect to get a bounce off 103 ish and trade that back to top of pin or higher. If that's how it plays out you could go down to 4hr chart to fine tune an entry. another thing I like to do is to look at a bunch of the jpy pairs and get a sense of what might be going on.
No big picture predictions today...last one was wrong as usual.....doesn't really matter ,I trade what I see and not what I think might happen.decent trading day overall except at the end of the day when I got myself buried neck deep in that run up but held tough and some encouragement and guidance from Bugs pulled out at even. (thank you Bugs !)
That brings me to another thought I might share and it's something everyone no doubt has heard many times and that is when your real tired (and have a giant migraine thing going on) you probably shouldn't trade. Also something to take note of is that in this case (without revealing Bugs #s here) when a level is blown through and you try to trade back to it and it doesn't work and it keeps motoring on through the next level and so on. keep in mind that as many levels as it passed up it's likely that it will go back and go through the same number of levels past that initial entry. I'm not sure if I explained it so all can understand but look at what happened today and I think you will see. This also applys to levels marked by certain "price action footprints". I don't want to write a book here but if you don't quite understand look at that run up today and see if you can map it out yourselves. I'm sure the advanced guys like Bugs knows exactly what I'm talking about, just wanted to share that with the newer guys.
>
Thanks again Bugs for your support.
@kbit I appreciate your kind words regarding me.. In respect to what i did today was just part of me taking care of my trading group & helping as a person + above all returning a favor... It happens to everyone but as Ive said this before & so many times.. knowing your exit is the best strategy... but considering you werent feeling well & couldnt concentrate on your trade is the only drawback you had today.. otherwise i do know that you are heavy metal then that..... After your exit the mkt did tumble & you couldve made a huge profit.. but at times profit is not everything & you know that very well.... I couldve asked you to hold your postion even longer but that wouldve been selfish on my behalf, regardless of all circumstances I knew the mkt was coming down to those levels cause everything is so calculated.....Im glad that things worked out really well today... In the end what matters is the green..... I apprasie you once again for holding your nerves cause there was some heat on that trade & you kept it cool... well i dont wanna write a story book today & wanna keep it simple..... maybe in skype it got overlooked but I wanna mention it here as well this way we know its on record.... Try to trade the #'s the way i explained & pull out a chart & see every single trade you will come out successful....
One more thing i wanna keep the skype room to a minimum that it doesnt get over crowded so ill only keep the names that are participating pretty much everyday.... its the only way we can keep stuff from getting distributed openly.. & once again kbit thanks for not discussing & sharing the stuff here & respecting my decisions.... Thank you...
I do trade your #s the way you recommend, I know it works and that's one of the reasons I hung on to it. The other thing is experience with this stuff. With that being said it is helpful to have an experienced trader such as yourself to help monitor what's going on and to have a stress free perspective( by not being in it yourself) especially when the heat gets turned on. I don't care that I didn't make anything on that particular trade anyway. I already had a good day and a couple good trades from last night. I just appreciate you not telling me to dump it at a loss or something and recommending to get out at even which is probably the smart/safe play at that point. I shouldn't have traded anything because I was not feeling good anyway and might have dumped it for a loss and walked away if it were not for you helping out.
Kbit
I don't know what compels me to post here really, maybe just to publicly thank Bugs for his numbers and trade ideas. I think I will back off posting some of the particular trades and so forth. Anyway another decent day as usual ...nothing huge but doesn't really matter as just being green every day is all that matters. Thanks Bugs for your continuing support.
Kbit
Thanks again @kbit.. im speechless... dunno what to say.. just keep doing good & not look back i guess... I will try my best to keep it that way.... I feel good to find out that im given a chance to share my knowledge...
Thanks
Bugs(I pulled a point too, entry was mine buy @ 696ish mark @ exited @ kbit's #)
It was an okay day for me... not enough at all.. missing my goals for quite sometime now..still have to hold my nerves & stop trading really big..cause of trading big i have to exit early & dont get to hit the home runs...every # i trade pretty much has the home run potential but I exit out really quick & lately ive been doing that & not let my profit run.. caught the tops & bottoms but didnt maximize them, hopefully the next week will have something different in stock for me/us... Monday onward ill try to give some aggressive entries, I know you guys could handle them as all of you know how things work around them...
Well see you on monday then.. I didnt do anything to talk about so ill wrap it up rite here...