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The Clan
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My Psychiatric Analysis
- Gary Tarantino
- Cape Town, South Africa
By Viewing any material or using the information within this site you agree that this is general education material and you will not hold anybody responsible for loss or damages resulting from the content provided here by My challenge blog or any of the forum members Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
I am keeping a close eye on this trade ,watching to see if the change in volume drops below 6000 in my market depth window ,I would rather cut losses short,since this is a high risk trade as there is definite resistance around 1.5432 level
ReplyDeletethis is turning out to be a difficult trade I entered the trade at a resistance level... IN ANTICIPATION OF A BREAK HIGHER ...RISKY TRADE .
ReplyDeleteThe close of the last bar showed market indecision I closed the trade on small loss ,once the volume dropped below 6000....price could push higher ,but I would rather cut my losses short and wait for the next trade ....DON'T WASTE TIME ON SUB OPTIMAL TRADES, there is always another trade