Cable&Fiber: Intraday Setups

[Piper]

Ah yes, now that's constructive. Thanks

I agree, once number 2 is in place, no problem. But I think it is OK to have some down time. Over trading can take many forms. It is good to know that you can walk away and the market will be there when you come back. Balance is good. Knowing one's own limitations is good. Some people can trade like they were the EverReady Bunny (legendary Aussie TV commercial - you may have similar) while others need a breather to recharge. To each their own.

PS. Can you tell I'm tired. Must have been all that laughing.

Yea... Nah its not about that, i totally agree,structure your life, trade, and then get out.. But not to trade because there are news is the fallacy in my opinion.
You mean the duracell bunny?
-P

 

[AusDoc]

Yea... Nah its not about that, i totally agree,structure your life, trade, and then get out.. But not to trade because there are news is the fallacy in my opinion.
You mean the duracell bunny?
-P

Yes, fair point, you're quite right. Then it comes down to trader preparation (psychology) and the suitability of the edge. Most find one or both make the news too risky to trade up close. If they can acknowledge that, then sitting it out is the smart move. So you're right, if you have the edge and the desire, with justifiable confidence, then go for it.

Yes, the Duracell Bunny is related. They breed like rabbits.

 

[the golden gun]

Yea... Nah its not about that, i totally agree,structure your life, trade, and then get out.. But not to trade because there are news is the fallacy in my opinion.
You mean the duracell bunny?
-P

alright then Piper, what trades do you have in your sights for the NFP?

 

[Piper]

I'll chart it up after with a good tp, just to be sure

 

[the golden gun]

I'll chart it up after with a good tp, just to be sure

Well at least pick a pair and a direction. Even I did that.

 

[Piper]

For you? Anything dear

-P

 

[the golden gun]

For you? anything dear

cable short? 2 entries or is one a stop?

 

[Piper]

Doubled scaled out stop at zero.

-P

 

[sqa]

Eveready & Energizer are the same company. Which makes it odd to have the bunny be named differently in different parts of the world.

 

[Piper]

awwww, breakeven plus an itty bitty profit

 

[the golden gun]

awwww, breakeven

If I wanted to hindsight this one, I'd say they ran the CDR sell stops. But that's a pretty weak trade to make going into an NFP release, big possibility of get smoked the other way.

 

[Piper]

If I wanted to hindsight this one, I'd say they ran the CDR sell stops. But that's a pretty weak trade to make going into an NFP release, big possibility of get smoked the other way.

Yup, thats why u always scale out, you can be wrong and still profitable.

-P

 

[Piper]

And you can reenter and scaleout again..

-P

 

[the golden gun]

And you can reenter and scaleout again..

-P

Nice OTE entry Piper! The Force is strong with this one.

 

[Piper]

Nice OTE entry Piper! The Force is strong with this one.

Thx... Next time i'll let em breathe a bit more

 

[Piper]

Bam, 2nd stop triggered on BE... What do we do? Reselllll!!!!! ;D ;D ;
I'm a consistent mofo'... 8)

-P

 

[the golden gun]

Bam, 2nd stop triggered on BE... What do we do? Reselllll!!!!! ;D ;D ;
I'm a consistent mofo'... 8)
-P

I prefer to take out my weekly target with one well placed shot. If it takes more than that, then I work with it, but it is not my preference to be trigger-happy.

4 trades on a NFP friday? That would feel like whack-a-mole trading to me. It took a lot of training and conscious habit-changing to STOP trading like that, in fact.

But that's why we're different traders! Different styles, different personalities.

 

[Piper]

Exactly.. Not the best day ever, but profit is profit

But that's why we're different traders! Different styles, different personalities.

As long as there is an underlying reason for a trade instead of whack a mole, its ok for me

 

[markkus22]

Hi to all,


I now that my question is off topic but I need your help in this matter if somebody has experience with this : I intend to change my laptop and it will have windows 8.1 ....How great does MT4 is working under windows 8.1 if is working in the first place. Also all the ICT tools is valid under W8? :-\
Many thanks in advance!

 

[Piper]

Hi to all,


I now that my question is off topic but I need your help in this matter if somebody has experience with this : I intend to change my laptop and it will have windows 8.1 ....How great does MT4 is working under windows 8.1 if is working in the first place. Also all the ICT tools is valid under W8? :-\
Many thanks in advance!

Off topic a bit.. But yea, i use win 8 and mt4 sits comfy with it.

-P