Diary of a swing spread better

[Vaco]

went short at 10964 looking for a bounce down to 10940ish

 

[hungvir]

Could have taken 30 point profit but I refused and am holding out for more.

 

[chindl]

I'm sat here and the tide is out, all I can smell is the seaweed from the rockpools down the road. It's enough to keep anyone calm...

 

[chindl]

went short at 10964 looking for a bounce down to 10940ish

May have asked this before, but how do you set the target, what information do you use to set the target?

 

[hungvir]

I'm sat here and the tide is out, all I can smell is the seaweed from the rockpools down the road. It's enough to keep anyone calm...

Not me, mate A different kind of tide is out here and it made me nervous

Enjoy the tranquility there!

 

[hungvir]

It's going back up again. My stop is raised four more points.

 

[Slapshot]

Interesting trade hung.

What settings are you using for the bollinger bands? I've taken a look at those in the past but never got my head around them.

Missed the move upwards and what a cracker it was. Couple of clear bounces off the 100ema at 10928 and whoosh, northbound!

 

[hungvir]

It looks like the bulls have run out of steam. Just 50 more min to go and I wonder if it's going to head south again later on.

 

[Vaco]

resistance should become support, see chart.

this is a bad trade though as it was made as an act of revenge for not getting in 10890,

hence i may not hold out for it.

 

[hungvir]

Interesting trade hung.

What settings are you using for the bollinger bands? I've taken a look at those in the past but never got my head around them.

Missed the move upwards and what a cracker it was. Couple of clear bounces off the 100ema at 10928 and whoosh, northbound!

The settings are in the chart attached. If I swing trade, I would take profit on the third day the price pierces the BB but for day trading I'll let it go to 8 or 9 candles.

Cheers

Hung

 

[hungvir]

Raised stops further. I doubt we'll see 10980 again.

 

[hungvir]

Stop is breached. Not enought time to hunt for short opportunities. Will see at what price Fins will bail me out

 

[hungvir]

Well done, Fins! They let me out at exactly 10964, the stop level for 20 point profit.

 

[wasp]

Well done Hungvir...

Don't you find it a bit of an unneccessary extra hindrance to then have to worry about what Fins will do?!

 

[Slapshot]

Nice one Hung!

 

[hungvir]

A flag?

It looks like a big flag to me in the chart. Anyone can shed some light on this?!

Cheers,

Hung

 

[chindl]

resistance should become support, see chart.

this is a bad trade though as it was made as an act of revenge for not getting in 10890,

hence i may not hold out for it.

Thanks - the channel is still in hyour favour on this one. +, it's not oversold. There is a little resistance on the base of a pennant at 58, if it can get through there then it should get to T.
Not in my plan though, so sidelines for me now. 33 points today, could have been more but for the itchy finger. Made further gain on the last break from 60. I nearly pulled the trigger at 19:10, but, ah, but what. Happier today.

 

[hungvir]

Well done Hungvir...

Don't you find it a bit of an unneccessary extra hindrance to then have to worry about what Fins will do?!

Cheers, mate!

I should not have worried but I am always curious to know at what price they will close my trades. Sometimes it's two or three points below my set price but today it was spot on.

Later,

Hung

 

[hungvir]

Nice one Hung!

Cheers, Slaps! It's been a happy day for everyone in this room today. May it long continue! I actually only took 20 out of possible 32 though.

 

[chindl]

As I post that, it breaches that channel line. There is the possibility that the rise from 7pm has moved to a flag. See chart!