Currency Trading (Nov 6th > Nov 10th)

[jacinto]

anybody fancy a swissy long.....lovely setup on the daily

or a euro short, or a cable short

 

[faro0485]

Have I got any hope for this long at 9045 to reach my target of 75?

 

[JER08]

Have I got any hope for this long at 9045 to reach my target of 75?

Depends on where your stop is and how long you can hold it.

 

[ChowClown]

I went short @ 50 came out 8 pips later and look at it now.....Sometimes cable trading can be frustrating.....

I took another entry @ 41 short and now is doing the Spiral DNA......................
Hope it goes well chowclown

...and you Rav, your 41 looks tasty.

 

[jacinto]

anybody fancy a swissy long.....lovely setup on the daily

or a euro short, or a cable short

stops to breakeven on the 3 trades now (entries in the 3 charts....see green horizontal line)

 

[ChowClown]

Now short @9035.

Stop now at b/e, yet another instance of a non-newsy day creating a +30ish opportunity and then reversing. Will re-arm short if given an opportunity.

 

[Offshore Trader]

Well, stopped out and not a good day as got hit by 1/2 a point on a stop first thing before it bounced higher. Looks like I've been stopped on the top of this bounce as well. Good luck to those of you still in your short positions. Til tomorrow....

 

[dc2000]

now short @ 35

looking for 90 pips into tomorrow morning if we hit 9060 I will exit at B/E

 

[ChowClown]

I'll be joining you southbound at 13, around South Milton Keynes. On the break of the current hrly bar.

 

[ChowClown]

I'll be joining you southbound at 13, around South Milton Keynes. On the break of the current hrly bar.

...ah well, not to be. Order cancelled.

 

[jacinto]

stops to breakeven on the 3 trades now (entries in the 3 charts....see green horizontal line)

stopped out on euro and cable for be, swissy still open (by a couple of pips only) . looking to reenter. had to go out and simply dont want to leave alone a trade that is still not safe so thats reason for bringing stops quickly.

will look for new entries short.

 

[jacinto]

stopped out on euro and cable for be, swissy still open (by a couple of pips only) . looking to reenter. had to go out and simply dont want to leave alone a trade that is still not safe so thats reason for bringing stops quickly.

will look for new entries short.

short cable at 50, again

 

[edu]

...although I still cant bring time as a variable to it. that would be a breakthrough for me.

jacinto

Hey Jacinto... don´t you think pitchforks bring the "time element" quite nicely via their median lines ? I´m no pitchfork specialist, but observing some charts with it, it seems that this "old school" tool can be used for "price and time projections"...

 

[jacinto]

Hey Jacinto... don´t you think pitchforks bring the "time element" quite nicely via their median lines ? I´m no pitchfork specialist, but observing some charts with it, it seems that this "old school" tool can be used for "price and time projections"...

Edu,

agree, time is implied, but method for time projection is still not clear to me, at least not when we talk about a change of trend and a new pitchfork is forming. I suspect the angle of the pitchfork and confirmation that the new pitchfork is valid, has the clue for it, but have to see. price projections is not the issue so far.

good point about time though.

Jacinto

 

[jacinto]

Hey Jacinto... don´t you think pitchforks bring the "time element" quite nicely via their median lines ? I´m no pitchfork specialist, but observing some charts with it, it seems that this "old school" tool can be used for "price and time projections"...

Now you got me to start thinking.

first hypothesis, out of the back of my mind, (and sorry, know this is a thread for cable, not for setups or tools), the time that a pitchfork's first target(median line), and probably second target (upper or lower line, as the case may be) is a function of the time that it takes for a pitchfork to form and confirm.

price is not a linear function of time. and time, even if it appears to be linear at our eyes, is not necessarily so. Need to explore.

Guess the question is basically becoming an answer already, is that the target projection is a conditional situation, where one should take profits at what ever happens first.....expiry time for target price (wherever price may be) or at the price target.

err, right, newton.........

good point.

 

[rav700]

Now you got me to start thinking.

first hypothesis, out of the back of my mind, (and sorry, know this is a thread for cable, not for setups or tools), the time that a pitchfork's first target(median line), and probably second target (upper or lower line, as the case may be) is a function of the time that it takes for a pitchfork to form and confirm.

price is not a linear function of time. and time, even if it appears to be linear at our eyes, is not necessarily so. Need to explore.

Guess the question is basically becoming an answer already, is that the target projection is a conditional situation, where one should take profits at what ever happens first.....expiry time for target price (wherever price may be) or at the price target.

err, right, newton.........

good point.

Are you still short @50.............if so whats your stop mate

 

[leovirgo]

We have been using ChowClown's VEB strategy in conjunction with SuperTrend bias, the return for October was 400 pips. The maximum available pips was 790 for our system. Is this a good return? Our concern is the efficiency, it is 400/790= just over 50%. Would like to hear similar or better performing system for inspiration.

p.s we are not here to sell the system. thanks,..

 

[jacinto]

stopped out on euro and cable for be, swissy still open (by a couple of pips only) . looking to reenter. had to go out and simply dont want to leave alone a trade that is still not safe so thats reason for bringing stops quickly.

will look for new entries short.

will keep swissy long as a vegas trade now, as vegas has triggered a long, and manage it as such.

 

[jacinto]

Are you still short @50.............if so whats your stop mate

hi rav

30 pips, where i should have left it in the first place swissy in profit, so funding it so far.

thanks rav,

jacinto

 

[dc2000]

and exited at B/E

Hi Leo who is we?