FX-2007: Feb 5th > Feb 9th

[Phil Mibbutz]

re. Battersea, I have to admit that my recent trading has been more dogs' home than power station...

 

[Offshore Trader]

There's some flour in this theory, doubt that it will work

 

[trendie]

I trade the Battersea style; my account is a dogs dinner.

 

[Offshore Trader]

In line with most of my recent choice of levels the dip in cable reached my breakeven stop loss exactly before going higher again. Very annoying.

 

[wasp]

Hi OT,

I don't want to distract you from your strat. but as food for thought, have a look at the the chart and look at moving your stop behind major S/R levels instead of getting it to a financially desirable level. I used to have the same issues like your last trade which is why I change my trailing levels to this rather than X pips or break even etc....

Just an idea....

 

[dc2000]

stop order now at 675

 

[ashoksagar]

stop order now at 675

Did they get you?

 

[Offshore Trader]

Thanks Wasp, I have actually moved away from that sort of thing because I preferred something that was really purely number based but given recent performance I think I'll have to revisit this.

As you say, food for thought.

P.S. don't know what it's like where you are but just been for a run on the beach and it's gorgeous (but cold) here.....

 

[wasp]

Right now its pretty dark and chilly!

 

[Phil Mibbutz]

Piece of cake method latest: follow the currant trend and go shortbread from 666.

 

[dc2000]

Did they get you?

yes spiked out 36 pips not much for a few days work I'll sit on sidelines for now

 

[jacinto]

morning all

I dont know which side of this channel will we hit first. the blue line does appeal for a test and then target the bottom of the channel though.

 

[dc2000]

can't see this stopping before the 827

 

[wasp]

Sounds wonderful to me!

 

[jacinto]

thats interesting, cause i dont seet past 9706

edit: im flat BTW

 

[dc2000]

827 is where a neutral position can be entered if this hit early tomorrow then the market could be brought back to 703 ahead of Thusdays anouncement providing the ideal position

 

[jacinto]

Well, I can only say that your track record speaks for itself, and if this were a bet, i would bet against me :cheesy:

but will stick to 9706 as the limit for the high of the day, and most likely a down day tomorrow
above 9730 would make me rethink tomorrows path.

 

[dc2000]

so far jacinto getting the

 

[jacinto]

so far jacinto getting the

so far, yes, day not over though. I thank the badge. still waiting for the burntcake freebies. :cheesy:

and i would have lost the bet

j

 

[Offshore Trader]

Do we go higher now for a move through 1.9700?