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6th February 2018

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Todays discussion

Todays post here

We are at Extreme Fear - usually a good time to start fading in some low stakes longs - http://money.cnn.com/data/fear-and-greed/

Out of all longs at 200 now. Failed reattempt at the low.

Quote from TCGtrading on 6th February 2018, 9:43 am

Out of all longs at 200 now. Failed reattempt at the low.

Same.. what a night. Was touching cloth at one point there and broke most of my trading rules.. definitely not comfortable adding to longs when FTSE is down 400 points but usually get the snap back

Yeah got long again combined at 7682 but it started being extremely nervous so I closed it....fell asleep and woke to see a 110 gain....gutted...anyway got in at between 75-85 after open and out for 90 pts shorted at 209 but failed lost about 15 pts ..shorted again on Rsi gained 2 back ...now long again from 205 combined.....

Quote from anstel on 6th February 2018, 10:30 am

Yeah got long again combined at 7682 but it started being extremely nervous so I closed it....fell asleep and woke to see a 110 gain....gutted...anyway got in at between 75-85 after open and out for 90 pts shorted at 209 but failed lost about 15 pts ..shorted again on Rsi gained 2 back ...now long again from 205 combined.....

See what that golden cross can provide on the 5 min...

Out at 16.3 for 11.3 pts.

Quote from anstel on 6th February 2018, 10:34 am

Out at 16.3 for 11.3 pts.

Bollox too early

Staying out now it's cheaper .....let's see what transpires..

Hey TCG ...lol...I wondered if you would bite on my Icarus comment.......you didn't dissapoint me did you...lol.....sorry if I touched a nerve and thanks for the entertainment :0)

I love it :0)..... Lol

Some nice longs there!

wonder how far this retest of the low gets, I reckon 100 today.

I've dipped my toes in and trying a long from 72

Quote from anstel on 6th February 2018, 12:42 pm

I've dipped my toes in and trying a long from 72

Bailing out at 44 if it keeps decaying.........gone..

Quote from anstel on 6th February 2018, 1:04 pm
Quote from anstel on 6th February 2018, 12:42 pm

I've dipped my toes in and trying a long from 72

Bailing out at 44 if it keeps decaying.........gone..

Typical it just kisses it and then usually goes where you want ......stops annoy me...

Quote from anstel on 6th February 2018, 1:06 pm
Quote from anstel on 6th February 2018, 1:04 pm
Quote from anstel on 6th February 2018, 12:42 pm

I've dipped my toes in and trying a long from 72

Bailing out at 44 if it keeps decaying.........gone..

Typical it just kisses it and then usually goes where you want ......stops annoy me...

I think there is a lot to be said for putting a little exploratory trade on first....then if you lose it it's no real damage but you can then add if it goes in your favour ....mental note to extend stop slightly for more headroom..

Quote from anstel on 6th February 2018, 10:48 am

Hey TCG ...lol...I wondered if you would bite on my Icarus comment.......you didn't dissapoint me did you...lol.....sorry if I touched a nerve and thanks for the entertainment :0)

It was a joke. Similar to the amount of trades you’re throwing on. In these conditions, it’s more profitable to take a view and be patient with it. Taking small amounts here and there is not efficient trading. Best to your trading! Constructive enough?!

Quote from TCGtrading on 6th February 2018, 1:22 pm
Quote from anstel on 6th February 2018, 10:48 am

Hey TCG ...lol...I wondered if you would bite on my Icarus comment.......you didn't dissapoint me did you...lol.....sorry if I touched a nerve and thanks for the entertainment :0)

It was a joke. Similar to the amount of trades you’re throwing on. In these conditions, it’s more profitable to take a view and be patient with it. Taking small amounts here and there is not efficient trading. Best to your trading! Constructive enough?!

Just having a bit of fun Tcg I'm only messing with you :0).....it gets a bit tedious doesn't it really watching the market sometimes.......with regards to taking bits here and here I don't trust this lot one bit so I'm just taking what I can get till it all calms down....best of luck to you as well matey ...

I think what is in danger of happenning here is what appears to be a good txt book trade starts to set up......like last night it did look on from 7050 area but we ended up down at 6920 area I think it was.....I'm not convinced longer term swing trades are a good idea with the way the Dow is moving around....any body care to share their views?

Nice :0) I got long at a combined 7185 and rode it to 41.3  for 56.3 pts then shorted 54.3 out at 39 for 15.3 now long again half size at 33.7....

And out at 53.8 for another 20 pts ...

Long again 213

Out at 233 for 20 pts

Got long again at 196 and out at 217 for another 21pts.....pts make prizes :0)

Like tmfp taught me it's better to be a busy ant than a dosing ox......he knew a thing or two and I'm eternally grateful to him for all he taught me and all the bollockings I got lol :0)

I hope tmfp is alright Nick not seen sight or sound of him ...?

Been asleep most of the day lol.. long now,  reckon we finish the week in the 7300s. Probably going to remain choppy for a good few weeks after this move

Hope Icarus ditched near the lows, loss wouldn’t have been too bad at that point. Are you still around?

Hi yes I'm still here just making myself a meal....no one seemed to be posting so I stopped looking....it's been an intense few trading days ....it's quite mentally tiring so I'm calling it a day now I think....how you doin...?

Quote from anstel on 6th February 2018, 6:22 pm

Hi yes I'm still here just making myself a meal....no one seemed to be posting so I stopped looking....it's been an intense few trading days ....it's quite mentally tiring so I'm calling it a day now I think....how you doin...?

Yeah exhausted.. stayed up all last night monitoring longs. It’s that volatile that we’re setting up good trades multiple times a day and can’t settle in a trade either so it’s tiring to watch. Feel like I need a weekend lol

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