jamp_one´s trading Journal - Page 3 - TradingApples.com : Trading Courses, Coaches, and Mentors

Uahmed · October 17th, 2009, 01:59 AM

Hey Friend,

I really liked your trades and thinking.

I have two recommendations. First, whenever a break out happens are try to look for a retrace because price usually goes to the prior resistance and bounces up. Even though it would not have made a difference in this trade but for future reference. For your second trade, (I took this same trade) I would recommend entering on the close of the candle which touched the resistance level. These are all just my opinions.

Hope I helped and happy trading!

Ali

Shootanappleoffmyhead · October 17th, 2009, 01:26 PM

Hey Joao,

Thanks for the videos. I appreciate that you keep them coming so we can all learn from them. So about the first position, you've got to be careful not to buy into resistance, which is pretty much what happened in the first trade. What we saw there was not a situation in which to attempt to trade a breakout. We saw lower volume on the upmove and basically a ttb, which should have been played to the downside IMO.

So just be careful that you aren't joining the "uninformed bulls" (lesson 25: Reversals and the four groups from the Pro Course) by buying after a period of buying. This is the area that the bears begin to move into the market and they basically have a chance to gain control here so that is why we play down in a situation like this.

Anyhow, thanks for outlining your trades for us.

Shoot.

Jampone · October 17th, 2009, 04:27 PM

Quote:

Originally Posted by Shootanappleoffmyhead

Hey Joao,

Thanks for the videos. I appreciate that you keep them coming so we can all learn from them. So about the first position, you've got to be careful not to buy into resistance, which is pretty much what happened in the first trade. What we saw there was not a situation in which to attempt to trade a breakout. We saw lower volume on the upmove and basically a ttb, which should have been played to the downside IMO.

So just be careful that you aren't joining the "uninformed bulls" (lesson 25: Reversals and the four groups from the Pro Course) by buying after a period of buying. This is the area that the bulls begin to move into the market and they basically have a chance to gain control here so that is why we play down in a situation like this.

Anyhow, thanks for outlining your trades for us.

Shoot.

Hi Everyone

Well thanks for giving me your opinion and showing me what I did not see while I was playing this position and that´s something I propably won´t do anymore, I really took a lesson from it after reading what you all wrote and and after looking the charts once again.
as soon as I have new vieos, I´ll post them here.
Thanks for helping me!

Jampone · October 22nd, 2009, 09:11 PM

Hi Guys,

I have been absent here because I am studying a bit at the moment, I took some days off of trading. Tomorrow I am going to start studying the price movement of a stock I used to trade here in Brazil. I will test a tool to use in conjunction with volume and price action, it´s an indicator, well I´ll be testing this in the next days and as soon as I have a result I am going to post it here.

See you!

Jampone · October 27th, 2009, 09:44 AM

Hi guys,
Here is a position I took yesterday.

DeeBee · October 27th, 2009, 10:43 AM

Hi Jamp_one,

I like that you patiently waited for the EURUSD pair to become oversold and near support/demand area then made low risk entry very nicely done.

I'd like to add the videos coming out from all of you are becoming so good. Hope one of you guys will have time to share how you do this. Yeah, I'm asking the following video expert: Jamp_one, Shoot, Dr. Pip, Brendan, Sgt. and Pat

Jampone · October 27th, 2009, 11:06 AM

Quote:

Originally Posted by DeeBee

Hi Jamp_one,

I like that you patiently waited for the EURUSD pair to become oversold and near support/demand area then made low risk entry very nicely done.

I'd like to add the videos coming out from all of you are becoming so good. Hope one of you guys will have time to share how you do this. Yeah, I'm asking the following video expert: Jamp_one, Shoot, Dr. Pip, Brendan, Sgt. and Pat

Hi,
Well I use a programm to edit the videos, its name is Sony vegas. it´s easy to use.
you can download it and use 30 days for free

Dr Pip · October 27th, 2009, 11:10 AM

Quote:

Originally Posted by Jampone

Hi,
Well I use a programm to edit the videos, its name is Sony vegas. it´s easy to use.
you can download it and use 30 days for free

Jamp_one,

Nice trade and video! Yeah I used to use sony vegas as well. Since I'm on a mac now I recently got Final cut express but I have not had any trades to make a trading video with it. Very nice program though.

-Dr Pip

pmccandless · October 27th, 2009, 11:58 AM

Dee,

I started with a free program called Jing but it only allows you to make flash movies. You can't load them to YouTube. I now use CamStudio after Brendan recommended it to me. Very compact and doesn't bog the computer down. Works good and is also free. I also have Adobe Premier for editing, but I haven't used it forever.
Good Luck.

Pat

Shootanappleoffmyhead · October 27th, 2009, 02:22 PM

Hey Jamp,

Great trade, perfectly executed from start to finish. Your timing was perfect and you avoided all of the major pitfalls of beginning traders. Getting in too early, exiting the positions before your predetermined stop is actually hit, not being patient enough to let the trade develop, and exiting to early/late.

Great play and I hope everyone sees this as a near perfect play.

Shoot.

DeeBee, you can download camtasia studio 6 here. You will have a 30 day free trial but PM me after 30 days and I'll show you how to get it for free.