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- Oldtraderman replied Feb 27, 2024
Hi all, Just finished a typical couple of mornings of trading and wanted to demonstrate the reality of the trading experience, that it requires grinding your profit out most of the time across a sequence of individually unpredictable trades. Four ...
- Oldtraderman replied Feb 13, 2024
Hi all again, Here is a later trade taken in the same market following the same principles but applied more to a range than a trend: image We see the market get into a ranging pattern in the 20-40 area and I take a long at 27 after a quick dip out ...
- Oldtraderman replied Feb 13, 2024
Hi all, Trading Does Not Have To Be Complicated Been trading this morning following a very simple pattern tactic: image We see the market open 8am around 16990, immediately tests the big figure 17000 before slipping into an obvious downtrend. We ...
- Oldtraderman replied Dec 5, 2023
Hi all, Long time, no posts, but I have been trading steadily if at a slightly slower pace than previously now that I am playing for pleasure rather than for a living. Anyhow, as today will be my last day of activity this year, thought I'd share ...
- Oldtraderman replied Mar 30, 2022
Hi all, Another patch of opening trading worthy of comment today, this time to show the value of stops, plus an additional bonus of how adapting to the conditions a little does help: image Market opens at 8am around 14,750 and immediately drops to ...
- Oldtraderman replied Mar 29, 2022
Hi all, Wasn't planning on posting but a trade this morning that echoed my previous trade posts #478, #481 and #482 so much I feel duty bound to comment: image Market opens at 8am around 14,600 and after a few opening gyrations sharply runs up to ...
- Oldtraderman replied Mar 19, 2022
Hi, You can argue the finer details of the mathematics of the Kelly Criterion forever but in practical terms it's perhaps better to stick to some common sense understanding. Remember the Kelly Criterion gives you the optimal bet size, i.e. the ...
- Oldtraderman replied Mar 18, 2022
Hi all, Did not trade yesterday due to a family commitment but back today and end the week with proof that we are all human and prone to stray from the path of trading righteousness every now and again: image Market opens at 8am around the 13,360 ...
- Oldtraderman replied Mar 16, 2022
Hi all, Quick one-and-done today but a trade that provides an interesting insight to the question of the randomness of markets: image Market opens at 8am at the 14,280 level and immediately drops to test pre-market lows just above 200. A ...
- Oldtraderman replied Mar 15, 2022
Hi all, A simple trade this morning, highlighting that trading can be reasonably straightforward if you are clear on your method and apply it diligently to what you see in the market: image Market opens at 8am around the 13,800 big figure, falls ...
- Oldtraderman replied Mar 14, 2022
Hi all, A new week, the market remains Ukraine volatile, and an example today of how I adapt my trading method sometimes to get it to work in a fast trending market. As regular readers will know by now, my core method in essence is to wait for a ...
- Oldtraderman replied Mar 11, 2022
Hi all, Having expounded at length yesterday about the importance of waiting for good setups, we finish the week with a dual lesson that not all good setups work but perserverence and consistency do tend to win out in the end: image The market ...
- Oldtraderman replied Mar 10, 2022
Hi all, Emboldened by yesterday's nice trade, some more trading in the current wild conditions, this time useful to show you that patience and discipline to wait for your setup to indeed properly setup is important; and that it is rarely too late to ...
- Oldtraderman replied Mar 8, 2022
Hi all, The seriously wild market this morning I think is worth showing as a good illustration of both how you must adjust your trading to the circumstances; and the value of stops. image The market opens at 8am around 12,600 after having shown a ...
- Oldtraderman replied Mar 2, 2022
Hi all, Given what we are seeing in the markets at the moment with the invasion of Ukraine, a rather opportune time to post on this Keep Calm and Carry on Trading thread. When things get volatile in the markets you have two basic choices: stand ...
- Oldtraderman replied Feb 11, 2022
Hi all, Will finish the week today with an illustration that not all setups will work and you do have to act accordingly: image The market is in a downtrend off a opening move up to 15450 (not shown on chart), falls all the way to 15324 before ...
- Oldtraderman replied Feb 9, 2022
Hi all, Want to show you an illustration this morning of how your price action analysis naturally throws up opportunities once you are clear on what you are trying to do: image We see the market open at 8am and move immediately into a solid ...
- Oldtraderman replied Feb 8, 2022
Hi all, I didn't manage a trade this morning but events demonstrated an interesting tale of two methods: image After an opening flirtation with the 15200 level the market broke into a solid uptrend and so I awaited a first consolidation to look to ...
- Oldtraderman replied Feb 7, 2022
Hi all, A comfortable start to the week, and a lesson in consistency: image I want you to compare this chart with that of Friday last in the above post #460. They are remarkably similar: a failed nudge upwards at the open and then falling into a ...
- Oldtraderman replied Feb 4, 2022
Hi all, I'll finish the week with a quick post highlighting the value of trading with the trend: image Market opened at 8am in an obvious downtrend, actually had been steadily dropping from the 15500 level at the start of pre-market trading at ...