Currency Trading (Nov 27th - Dec 1st)

[ChowClown]

$2's a strong magnet.

 

[Sterile]

How far beyond 2$ do u reckon we will get this year?

 

[City Bound]

Being long @ 673 feels good. We've got some largish resistances at 816 and 827 (ish) that might cap us for the day I reckon.

 

[Sterile]

yeah but its been tearing through resistances like a hot knife through butter

 

[ChowClown]

vebo orders 9792.9 long

Filled

 

[City Bound]

Out @ 802. Don't think we'll go much higher this side of the weekend. However, I could be wrong.

 

[a_gnome]

Filled

I've been whipped back to long also. Let's see if 19800 is going to hold.

 

[ChowClown]

Filled

b/e.

 

[City Bound]

Ouch, looks like I was wrong!

 

[dc2000]

Filled

at least you should get an exit time wise, you could always blame offshore for putting a jinx on it :cheesy:

for me Im out of cable and on the Dow looking for 200 points

 

[ChowClown]

at least you should get an exit time wise, you could always blame offshore for putting a jinx on it :cheesy:

for me Im out of cable and on the Dow looking for 200 points

...might break the trend and make some money today Good luck with DOW, must nip over to the thread next week..

 

[City Bound]

Nice to see I'm in the same state as DC. (i.e. out) It's usually a good sign.

 

[ChowClown]

...might break the trend and make some money today Good luck with DOW, must nip over to the thread next week..

+37.4 for the day....beans on toast for me tonight then.

 

[City Bound]

+7.4 for the day....beans on toast for me tonight then.

Have you ever tried making your system a bit more discretionary? It would seem to help on days like today where there is a massive imbalance of sentiment.

 

[ChowClown]

Have you ever tried making your system a bit more discretionary? It would seem to help on days like today where there is a massive imbalance of sentiment.

CB, this is a purely mechanical method (when i'm disciplined enough to trade it properly!) and historical as well as live trading shows it to be successful, by no means the dogs danglies but good enough to trade day in, day out and make a good living from (for my families needs at least). As such, i'm happy to leave as is and to be honest, discretion gets me nowhere :cheesy:

It's a good point though and one of the reasons why i'm now live (forward test mode) with an intraday trend method using a 15/60 min combo, which cleans up on days like today and the filters keep losses to a minimum during tighter range days. I think (for me) gradually developing, testing and learning to trust different successful methods is the way my business will develop.

Good w/e.