krugman25
Long

XLU - Anatomy of a winning trade (reading the price action)

AMEX:XLU   SELECT SECTOR SPDR TRUST AMEX UTILITIES SELECT INDEX
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost basis as I had already locked in profits. This essentially is giving me a free trade where the worst I could do is make a small profit, or best case is ride this out to a full profit.
guess I like your style, how do I get to the educational parts of your channel?

Thanks.
+1 Reply
krugman25 Weirdough
@Weirdough, Thanks! Not sure I understand your question though. All of my videos, whether live trades or educational, should be on my wall and available for you to watch.
+1 Reply
Weirdough krugman25
@krugman25, ah, alright. I will definitely check them all out. Just hope I am not too late to catch up with you from time to time, since you got that software development stuff going on now and will trade less, as far as I understood in one of your videos.
+1 Reply
krugman25 Weirdough
@Weirdough, I will not be posting as much over the next year or so, but I will still be posting periodically, and once I finished up with this specific software contract I will certainly be back in full force. I expect that to be sometime mid-late next year.
+1 Reply
Weirdough krugman25
@krugman25, btw, did you write a more extensive guide to your strategy on babpips or something?
+1 Reply
krugman25 Weirdough
@Weirdough, Yes, I have an old thread on Babypips that is no longer active called "Price Action That Matters". It is still worth reading all the way through and has a lot of good examples and posts. It is a very long thread and may take a few days/weeks to read all the way through.
Reply
Weirdough krugman25
@krugman25, thanks a lot for all the info man, will certainly have a look at it and probably focus especially on that thread the next few days/weeks. Can I send you a message if any questions arise during the "lecture"?

Thanks again.
+1 Reply
krugman25 Weirdough
@Weirdough, You can send messages but I won't promise a quick or thorough response, but I always welcome questions or comments regardless!
+1 Reply
Weirdough krugman25
@krugman25, you will hear from me :D
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