Chillin' in bed watchin a french news programme (antenne 2). My notebook close by. Watching 1.5094 level. Suddenly it broke out and went completely loco. Didn't know why. Still don't. But 1.5140 was my sell level. Then less than 20 seconds later it was 10 pips lower. Thank you market.
Nice trade, I was late to the game.
ReplyDeleteI think it literally moved within 120 seconds... Pure coincidence that I was keeping an eye on 1.5094-95 getting taken out to see if avalanche of stops get triggered (as it was previous high). I think someone must have pushed it with 200 mio order (? or am I off on that size) and sold into the stops. Good plan... I'd try that kind of stuff if I could, bit of shaking the tree...
ReplyDeleteI was reading your profile, FXPT, for the umpteenth time, coz I was drawn to the words "gut feel". I've been thinking, have we been giving too little credit to our subconscious/sixth sense, and relying too much on information that are completely useless when we have no time to process them at all. Just a thought :-)
ReplyDeleteHey Jules,
ReplyDeleteDon't know if you read this post I wrote a while back... but I do think if you've always got an eye on the market, are scanning what people are writing (analysts, bloggers, etc) AND you have the personality to trust the intuition - then it can be very useful.
http://eurusd-fx.blogspot.com/2009/11/trading-psychology-intuition.html
If I told any quant person the way I trade, he'd probably think I'm nuts :D Well I'm not onto success path yet as I can't get my winnings to EXPLODE. I always need to move out too early... But I'm aware of it :D That's a start.
Such a great post and no one commented??
ReplyDeleteSorry, FXPT, I missed that post...was the period that I was away from blogs (my own and others...).
For a long time (ok, not too long...considering that I got to know about this business called trading only in end 2007), I've suspected that having to spell out exactly why I took trades was what screwed up my trading in 2009. I intend to write a thesis on the topic. ok, maybe just a blog post. LOL!
:) thanks for compliment! don't worry about not having commented it :P I'm glad if anyone even reads it ;) !
ReplyDeleteLook forward to reading about your experiences with intuition in that case.