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Zombie Zone Trading

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  • olvusolvus Posts: 13
    bo_brown said:

    olvus said:

    wow, looks great

    Thanks! How is your trading going? You should start a journal on here,too..
    Have a nice weekend!

    Thanks, bo_brown! I still trade on the demo. I have already lost a $250 deposit on 24 option due to my inexperience and now I'm still afraid. I will trade on the demo May 2014 and if my results will be minimum 65-70% ITM, in the June I plan to trade with real money. Please post your results further!
  • bo_brownbo_brown Posts: 551 ✭✭
    I am 2-0 tonight in the Sunday night asian session.

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  • BryanMacBryanMac Posts: 851 ✭✭✭
    How are you liking 3.0 so far ? few minor tweeks this month to come out.
    Bryan Mcafee
    Hit me up on skype at Brymcafee (McAllen TX)
    www.tradingaxis.com
  • bo_brownbo_brown Posts: 551 ✭✭
    BryanMac said:

    How are you liking 3.0 so far ? few minor tweeks this month to come out.

    I love it. I really like the way the VC bars turn yellow, and then the power meter that turns red for a good candle entry is terrific!
  • bo_brownbo_brown Posts: 551 ✭✭
    I had less than stellar results today. One ITM, and 2 OTM's. The OTM trade was 2 losses because I thought I entered the trade a candle too early. I jumped into a second trade before the first one expired. Turns out I was 2 candles early. Both of those trades expired OTM. I saved a screenshot of the price moving in my direction on the candle after my second losing position. The market laughed at me.
    First, my ITM from this morning...

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  • bo_brownbo_brown Posts: 551 ✭✭
    And now my usd/jpy bugaboo...
    I guess this could have been almost a waterfall, but I thought it was reversing before it would fall more.

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  • BryanMacBryanMac Posts: 851 ✭✭✭
    edited May 2014
    Euro broke 1.39 again and was not rejected since then markets have been all over the place and US is weak as hell. 1.39 was a high from 2012.
    Bryan Mcafee
    Hit me up on skype at Brymcafee (McAllen TX)
    www.tradingaxis.com
  • bo_brownbo_brown Posts: 551 ✭✭
    First up, I had an awesome trade on oil today. The 3rd week in a row since I started trading oil on the Wednesday inventory report, and ITM every time.
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  • bo_brownbo_brown Posts: 551 ✭✭
    I had a close OTM on gbp/usd. One candle too soon, again. Sometimes I jump into the next candle when I think I'm one candle too soon ,and it usually works for me. I need to start doing that more often! Look at how close I was to winning this trade...

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  • bo_brownbo_brown Posts: 551 ✭✭
    edited May 2014
    I will wrap up my day with 2 ITMs on gold....

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  • bo_brownbo_brown Posts: 551 ✭✭
    I traded the unemployment claim news today at 8:30 am EST. It was a wild ride, price started to drop right away, then it skyrocketed up in the wrong direction. It came all the way back down and was ITM for 10 seconds, then jumped up and expired OTM. Some news events are great, but I need to learn which ones are unpredictable...
    The dotted line is my strike price level. The "X" is the expiry candle. You can see if MW price really lined up with the true price, I would have won that trade.

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  • bo_brownbo_brown Posts: 551 ✭✭
    edited May 2014
    I won a nice trade today on CAD news. The employment number went down, making the CAD weak against the USD. As you can see in the chart, I entered in the midst of that humongous green candle. I was not sure if the news would have a big impact, so I used a tiny amount to trade. Next time, I plan on higher leverage for this one...

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  • bo_brownbo_brown Posts: 551 ✭✭
    One good....

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  • bo_brownbo_brown Posts: 551 ✭✭
    And one bad, this one was winning on the first try, then went back down to the 50 fibo line, so I entered right away, as I am usually one candle too soon. But, it went down further deciding to turn into a waterfall on me..

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  • bo_brownbo_brown Posts: 551 ✭✭
    Today, I traded my news trade with my live Nadex account.

    It went well. Only made a few bucks. I am still learning how to trade the news with Nadex effectively. News was bad for usd, so I bought gbp/usd.

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  • bo_brownbo_brown Posts: 551 ✭✭
    edited May 2014
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    Forex factory listed just the positve news for oil today. I traded oil to drop in price but it went up. I checked out investing.com's calendar, and I think I see why. Two other numbers, both red, probably pushed it up. I will be using their calendar for my news trades from now on. This is a screenshot of investing.com's report.
  • bo_brownbo_brown Posts: 551 ✭✭
    edited May 2014

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    The news release today did not have a big impact to move price enough to trade. Tomorrow, I hope all of the housing reports move the usd so I can get a nice trade on it.
  • bo_brownbo_brown Posts: 551 ✭✭
    I took 3 trades on the 5 min charts and got a mixed bag. one otm, one tie, and one itm.

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  • bo_brownbo_brown Posts: 551 ✭✭
    Friday's news trading taught me a valuable lesson. I had taken multiple trades on USD news by trading the gbp/usd pair right when the news came out. It was working until the last 2 trades. The pair did not respond well to the news and I lost.
    Today I captured screenshots of gbp/usd, AND gold/usd. A fellow trader pointed out gold's predictable reaction to the news, and it seems more reliable than the gbp/usd, at this point. I will trade gold this week on usd news and test it.
    Here is the news report from Friday showing usd getting bullish results.
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    And here is gbp/usd. My entry candle started to drop, as I expected, but then it turned bullish and I lost the trade.
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    Here is the same 30 min time frame for gold. Had I taken a put at 8:30 here, I would have had an easy ITM

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  • bo_brownbo_brown Posts: 551 ✭✭
    I did not have any exciting news trades today. I caught 3 nice itm's reversal trading instead.

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  • bo_brownbo_brown Posts: 551 ✭✭
  • bo_brownbo_brown Posts: 551 ✭✭
  • bo_brownbo_brown Posts: 551 ✭✭
    I have two itms today. The first one was a reversal, and the second was a nice pullback I found simply with price action. I ignored the indicators on that one...

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    price action only...
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  • bo_brownbo_brown Posts: 551 ✭✭
    I have been looking at trend trades today with the Williams AD indicator. I noticed that I can draw trend lines on the indicator. Later, I learned that a 20 moving average acts as a trendline most of the time.

    I was just experimenting now, because I have a weekly trade on gbp/usd that I am waiting to expire, I hope to come back with a nice report on that one Friday.

    For now, I have two itm's today with the williams AD.

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  • bo_brownbo_brown Posts: 551 ✭✭
  • bo_brownbo_brown Posts: 551 ✭✭
    edited May 2014
    I've been waiting for a news release for the usd so I could trade the gold/usd pair. Today was the day, and it worked out great as the data was lower than projected.

    I entered a 30min option at the open of the candle marked with the white arrow. You can see that the news had a nice effect, because it made gold rise for one candle in the middle of a downtrend. (possible help from s/r area as well )

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  • bo_brownbo_brown Posts: 551 ✭✭
    I had some excitement to end the week. I had a losing trade that I should have re-entered a martingale trade on, it would have won. Then I had another loser that I did martingale and won, and finally a very nice trade on usd news.

    First is a chart of my OTM. I was too chicken to martingale it, but I am getting over the fear. I saved a screenshot of what happened next, wouldve been an easy ITM...

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  • bo_brownbo_brown Posts: 551 ✭✭
    Now I have a screenshot of a winning martingale trade. The first arrow was an OTM, the second arrow was money!

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  • bo_brownbo_brown Posts: 551 ✭✭
    And my favorite trade of the day is another winning news trade....

    USD had a positive number released on new home sales. I chose to trade gold/usd because this pair reacts predictably to news. The dollar was stronger than gold at this time, so I took a 30 min put. ITM.

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  • bo_brownbo_brown Posts: 551 ✭✭
    I had a nice martingale win Sunday night....
    The first arrow up was OTM, so I took a second trade on the next candle, the second arrow was ITM...

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