479 replies to this topic

[JJBen]

Market not active, so only a few IG Market Makers Trades going through. Liquidity enough after Safex open (08h30)

[JJBen]

Short 474, with a small position. Hope the Rand and Tencent don't bedevil the open.

[0291070]

Why so many gaps in morning trade?

[Scalptrader]

short 5c @46488

s +300

t/p -200/300

[JJBen]

Scalp, it  wasn't a high probability set-up, so you take the good with the bad. You have got to know the difference.

But each to his own. Hindsight is always 20/20

[Scalptrader]

Long 205, Stop -150.

Lateral support RR2.5:1

Mistake :

If you had not adjusted your stop, you would still have been in the trade with a handsome profit.

I know thats hindsight but its true.

[JJBen]

...and that is why you need runners. Mine got stopped out, but the trading plan was good..

Tomorrow another day.

 

 

[Scalptrader]

s 5 c @ 46165

s+100

 

t/p -100 min

stopped for 100 pip loss

[JJBen]

What a crap day for trading. Can't confirm a RS or a Flat bottom triangle breakout. Some days you just stay out.

[Scalptrader]

s 5 c @ 46165

s+100

 

t/p -100 min

[Scalptrader]

Did you mean short?

no long

[Rulz3]

Long 5 contracts@ 45448

s -200

t/p 150p near pivot

Did you mean short?

[pdpshares]

Closed 1/3 of position @ 355 for 1:1RR ratio.

Leaving 2/3 of position to run with Stop loss at original entry at 205, i.e. risk free trade.

 

Reasons for entry: NL of 5min RS of HS, with upside target of some 450/550 pips. Lateral support at NL and some 100 pips lower.

Reason for 150 pip SL: below 2SD ATR and 50 pips away from lower lateral support. Never place SL at obvious support lines.

 

Overall RR target: 2 to 2.5.

Hi JJBen, well played and thanks for support comments - much appreciated.

[Scalptrader]

well played JJB

[JJBen]

Closed 1/3 of position @ 355 for 1:1RR ratio.

Leaving 2/3 of position to run with Stop loss at original entry at 205, i.e. risk free trade.

 

Reasons for entry: NL of 5min RS of HS, with upside target of some 450/550 pips. Lateral support at NL and some 100 pips lower.

Reason for 150 pip SL: below 2SD ATR and 50 pips away from lower lateral support. Never place SL at obvious support lines.

 

Overall RR target: 2 to 2.5.

[JJBen]

Agree on support line. Will re-assess trade at neck line of 5min HS

 

[Scalptrader]

support is around 46050 but i favor a break of support.

[JJBen]

Long 205, Stop -150.

Lateral support RR2.5:1

 

[gselis]

and out for 800p

You are brilliant. Been following you!

[Scalptrader]

Long 5 contracts@ 45448

s -200

t/p 150p near pivot

and out for 800p