Comments on: Watchlist for Sunday/Monday, November 28/29, 2009 http://www.triffx.com/trade-alert-service/watchlist/watchlist-for-sundaymonday-november-2829-2009/ Developing Terrific People into Terrific Traders Mon, 07 Mar 2011 19:50:33 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Triffany http://www.triffx.com/trade-alert-service/watchlist/watchlist-for-sundaymonday-november-2829-2009/comment-page-1/#comment-291 Triffany Tue, 01 Dec 2009 13:08:05 +0000 http://blog.triffx.com/?p=525#comment-291 *blush* I'm happy you found the problem! *blush* I’m happy you found the problem!

]]> By: JerryN http://www.triffx.com/trade-alert-service/watchlist/watchlist-for-sundaymonday-november-2829-2009/comment-page-1/#comment-290 JerryN Tue, 01 Dec 2009 03:17:35 +0000 http://blog.triffx.com/?p=525#comment-290 Triffany, you are much kinder than my 3rd grade teacher, Miss Divan...... Who met with my father and the two decided that I would be #1 in my class, having fallen into an unsavory group of little associates in grade 2..... Well, anyway. You are spot on, the original plan was flawed - based on a quick read and not immediately set forth. That is a pattern that I have repeated before and must STOP! After stepping into the do do..... I make a plan that often shows my impulsive move should have been a 5 min trade, at most. I printed your comments and have a little more self analysis to do....... Thanks, coach.... she's still the Oracle of Denver! Triffany, you are much kinder than my 3rd grade teacher, Miss Divan…… Who met with my father and the two decided that I would be #1 in my class, having fallen into an unsavory group of little associates in grade 2….. Well, anyway. You are spot on, the original plan was flawed – based on a quick read and not immediately set forth. That is a pattern that I have repeated before and must STOP! After stepping into the do do….. I make a plan that often shows my impulsive move should have been a 5 min trade, at most. I printed your comments and have a little more self analysis to do……. Thanks, coach…. she’s still the Oracle of Denver!

]]> By: JerryN http://www.triffx.com/trade-alert-service/watchlist/watchlist-for-sundaymonday-november-2829-2009/comment-page-1/#comment-289 JerryN Tue, 01 Dec 2009 03:06:48 +0000 http://blog.triffx.com/?p=525#comment-289 Triffany, Thanks for your thoughtful comments.... will do. CADJPY bounce..... it has now bounced up to 82.7 is this the bounce you called for? Now looking for a short? cheers, Triffany, Thanks for your thoughtful comments…. will do.

CADJPY bounce….. it has now bounced up to 82.7 is this the bounce you called for? Now looking for a short?

cheers,

]]> By: Triffany http://www.triffx.com/trade-alert-service/watchlist/watchlist-for-sundaymonday-november-2829-2009/comment-page-1/#comment-288 Triffany Mon, 30 Nov 2009 15:26:23 +0000 http://blog.triffx.com/?p=525#comment-288 Thank you for sharing your experience here. I'm curious, what did the plan look like before you took the trade and what parts of this comment were changes to that plan? Have you ever made changes like that before? Have they ever worked out? If they have, do you think that might've given you a false sense of security about making changes on the fly? You don't necessarily have to answer those questions to me personally, but I want to give you some food for thought. It is a wonderful thing to share this experience with us and use this forum as a place for accountability (YEA!!), but I want you to stay present and evaluate where the mistake originated and what the lesson really is from making the mistake. Fantastic work, Jerry! Thanks to you and everyone who contributes to this blog for helping me make it more of a trading team. Thank you for sharing your experience here. I’m curious, what did the plan look like before you took the trade and what parts of this comment were changes to that plan? Have you ever made changes like that before? Have they ever worked out? If they have, do you think that might’ve given you a false sense of security about making changes on the fly?

You don’t necessarily have to answer those questions to me personally, but I want to give you some food for thought. It is a wonderful thing to share this experience with us and use this forum as a place for accountability (YEA!!), but I want you to stay present and evaluate where the mistake originated and what the lesson really is from making the mistake.

Fantastic work, Jerry!

Thanks to you and everyone who contributes to this blog for helping me make it more of a trading team.

]]> By: JerryN http://www.triffx.com/trade-alert-service/watchlist/watchlist-for-sundaymonday-november-2829-2009/comment-page-1/#comment-287 JerryN Mon, 30 Nov 2009 11:41:16 +0000 http://blog.triffx.com/?p=525#comment-287 Hello Post Thanksgiving Triffany, I am going to use this as a forum to describe my mistakes - how I made it and how I plan to extricate myself. Learn from mistakes. As best illustrated in sports, the best - aka Tiger Woods, Roger the Great, etc get into trouble. What distinquishes them to the greatest is their ability to "get out whole". Best illustrated in golf because the ball lands dead and it is easier to analyze. This morning (Sunday nite US) I was watching GBPJPY and spotted an up channel with two hourly candles up. I went long the next candle but it turned out to be sort of a doji. I should have exited after the second negative candle, but didn't - the 4 hr candle was still positive. It was moving my way along with other jpy so I FAILED to set a stop! Next thing I new it was at 142.6 where I expected it to respect the support - it didn't. Trouble. I then set my stop at the next support level 141.250 where it held, but left me with an uncomfortable draw down. Since then its been bouncing around in a low annoying range, but still making generally higher lows. I have been sitting all day with small longs of USDJPY, CADJPY, GBPJP, and EURJPY .... all at fractional losses. GBPJPY price is hanging above the hour ascending TL, though the current candle is resting just above TL... So now I set the stop at 141.80 (slightly below TL and roughly on a support area. Assuming JPY weakens during the US session, there will be a chance to get out, possibly at a profit - but after an all day unnecessary draw down. Hello Post Thanksgiving Triffany,

I am going to use this as a forum to describe my mistakes – how I made it and how I plan to extricate myself. Learn from mistakes. As best illustrated in sports, the best – aka Tiger Woods, Roger the Great, etc get into trouble. What distinquishes them to the greatest is their ability to “get out whole”. Best illustrated in golf because the ball lands dead and it is easier to analyze. This morning (Sunday nite US) I was watching GBPJPY and spotted an up channel with two hourly candles up. I went long the next candle but it turned out to be sort of a doji. I should have exited after the second negative candle, but didn’t – the 4 hr candle was still positive. It was moving my way along with other jpy so I FAILED to set a stop! Next thing I new it was at 142.6 where I expected it to respect the support – it didn’t. Trouble. I then set my stop at the next support level 141.250 where it held, but left me with an uncomfortable draw down. Since then its been bouncing around in a low annoying range, but still making generally higher lows. I have been sitting all day with small longs of USDJPY, CADJPY, GBPJP, and EURJPY …. all at fractional losses. GBPJPY price is hanging above the hour ascending TL, though the current candle is resting just above TL… So now I set the stop at 141.80 (slightly below TL and roughly on a support area. Assuming JPY weakens during the US session, there will be a chance to get out, possibly at a profit – but after an all day unnecessary draw down.

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