Crap Buddist
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Yes very helpful post re Fixing, I often think what procedures the banks must get involved in/or attempt to. Love the track n field imagery. lol do they break a sweat ?
Well did you see the one last year focused on Northern Rock? Trust me - a lot of adjectives sprang to mind but slick wasn't one of 'em.
**** me!
What a week not to trade cable and concentrate on others he says, kicking himself wildly! damn
Personally, my 2 strats incorporate one; 200 and stop, and the other runs all week. Because I like to swing and catch 90% of all the trends, I pay little attention to time of day as tests have shown that the trend can change equally at any time of day, and does, thus, I have to be ready to press a button at any time of day.
Naturally though, for EJ, I'd say the US has little impact on its movement despite its correlation with the UJ.
Mind you, for the last 3 weeks, EJ has died a death and no session has produced any excitement.
Of course Trendie, it all depends how many pips you want/need.
thats weird, because I am finding the EURJPY is more reliable for me!
I used to have a 30-min strat that operated anytime of day, but I found it hard-going, what with the waiting. I am finding a definite time to start and when to finish gives me more focus. Around the afternoon, the pressure is off, and I can coast, rather than being "on-call" all day for triggers.
the 5-min strat, (a variation on the 30-min) gives me about 4-6 triggers per day per chart. (7am-4pm). so I do get some bites. but the tail-end, 2-4pm seems choppy and costs me, hence the 2pm end.
as I say, weird we can look at the same chart and view it differently.
how many pips? I find 20 a day per chart is acheiveable and conservative.
Although EURJPY has always been a decent mover, it has definitely been on stroids since the credit crisis and all that. Expect it to calm down as people start to move away from the subprime fallout and risk aversion in general. The ECB guys are incorrigible hawks and they need to give all the inflation talk a rest and EURJPY will probably sell off some, along with EURUSD. Absent that, we are probably going to range for a bit.
A bit of a range never hurt anyone, has it?