A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Mon Oct 01, 2012 5:17 pm

current usd/chf.....

not looking good..i knew there was a reason I dont like this pair. lol
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"A small loss is just as satisfying as a large gain" -MO
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Postby adaseb » Mon Oct 01, 2012 5:29 pm

silver, no.

Silver was good to trade during the Great Silver Bubble of 2011.

Gold and Oil are my favorite. Also the DAX30.

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Postby Karma » Mon Oct 01, 2012 5:35 pm

adaseb wrote:silver, no.

Silver was good to trade during the Great Silver Bubble of 2011.

Gold and Oil are my favorite. Also the DAX30.


I consider what is going on now a reverse silver bubble

My understanding is that there isn't enough physical silver on the planet to validate these prices

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Postby adaseb » Mon Oct 01, 2012 5:59 pm

Karma wrote:
adaseb wrote:silver, no.

Silver was good to trade during the Great Silver Bubble of 2011.

Gold and Oil are my favorite. Also the DAX30.


I consider what is going on now a reverse silver bubble

My understanding is that there isn't enough physical silver on the planet to validate these prices


Who knows. I think it was just dumb money buying it when it was already overvalued.

Everybody kept talking about it. "Dude we gotta buy some silver, it will be worth $500 in a few months", etc, etc. Every news story on TV and online kept talking about how silver is a great investment, etc, etc. We at Kreslik are smart enough to know that its a bear trap but the general public is just dumb.

Similar situation with Facebook. Many retail traders bought the stock thinking it will double or triple in a few years, when it started losing value, panic started, and huge selling, It lost what, almost half its initial IPO value?

Facebook is a large company, the stock shouldn't of declined so fast.

Keep in mind that Zuckerberg guy is smart. I think he used to be a trader before he started facebook. And he did a smart move selling shares when his company was at its peek.

My guess is a lot of peoples IRA accounts got hurt as a result. The rich got richer and the poor got poorer.

Its a dirt dirty business we are in.

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Postby dojirock » Mon Oct 01, 2012 6:28 pm

true, the facebook ipo...a joke...never would have touched that even if I could have afforded to.
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Postby dojirock » Mon Oct 01, 2012 8:06 pm

Loss on usd/chf...should have known when I got zeroed out. :(
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"A small loss is just as satisfying as a large gain" -MO

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Postby prochargedmopar » Tue Oct 02, 2012 12:03 am

dojirock wrote:Loss on usd/chf...should have known when I got zeroed out. :(


Yup,
and a 2nd time at bband while making higher lows is a clue.

Remember this.
"The largest correction that does not return to the extreme" MO
Can be quantified by a 3-bar push of the bband.
Almost always.
Bail at b/e on the next push toward your entry.

Use the force luke:

#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby prochargedmopar » Tue Oct 02, 2012 12:07 am

Oh, and you see that big ass drop?

Well, those will give the sweet n tasty 12/bb confluence for easy pips.
It's a sign the momentum is too strong which means price will not fill to the z-line till later.

u/chf?
Higher margin requirement and lower pay per pip...
F that.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby Karma » Tue Oct 02, 2012 12:50 am

Love your new sig pro
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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Postby prochargedmopar » Tue Oct 02, 2012 1:25 am

Karma wrote:Love your new sig pro


:twisted: :!:
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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