Best Thread Live Cable Trading
mark twain uk
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went short again got stopped again, -50 pips, the steam roller just carries on
elbart said:Drinks you on you mate- but remember only play with money you can afford to lose and that any posting should not influence you but just assist and guide in your own decision as to trade.
No probs. It was after you pointed it out that I read up on the pattern and then took the decision. First trade since last week when I had a loss and decided to stay out for a bit. Just closed at +380 as I have to go out. I still think it will reach 1.9.
Good luck everybody in which ever direction you take.
marmoset
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Well, finally some decent gains from the bounces, after all those stoplosses short being hit:
2x short 91 2x long at 57: 140pips, all in between +10
long again at 57 up to 92
Trade balance will finally add some chop, so does U of Michigan Consumer sentiment at 8.45pm
Forecasts for both slightly $-negative, we still may see 9050 being touched.
2x short 91 2x long at 57: 140pips, all in between +10
long again at 57 up to 92
Trade balance will finally add some chop, so does U of Michigan Consumer sentiment at 8.45pm
Forecasts for both slightly $-negative, we still may see 9050 being touched.
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marmoset
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Replanted the minefield:
entry short at 8944 lim 09 sl 74
entry long at 9008 lim 43 sl 78
entry short at 9044 lim 09 sl 74
entry long at 9057 lim 92 sl 27
entry short at 9091 lim 56 sl 9121
Leaving out the entry short 8991 for the moment, to avoid another sl being hit when the initial move after trade balance is a spike up. If it's a spike down, kiss the 8957 long goodbye...
PS: maddeningly slow day up to here, though looking at a handsome profit right now:
Tokyo session: +24
London session: +150
entry short at 8944 lim 09 sl 74
entry long at 9008 lim 43 sl 78
entry short at 9044 lim 09 sl 74
entry long at 9057 lim 92 sl 27
entry short at 9091 lim 56 sl 9121
Leaving out the entry short 8991 for the moment, to avoid another sl being hit when the initial move after trade balance is a spike up. If it's a spike down, kiss the 8957 long goodbye...
PS: maddeningly slow day up to here, though looking at a handsome profit right now:
Tokyo session: +24
London session: +150
marmoset
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Just realized: 170pips up is just about today's range... I could have just positiontraded, gone long at Tokyo open and done equally well following the trend.
But that's OK, as long as my "MonkeyBounce" (yep, thought of a name for my method :cheesy doesn't underperform a plain vanilla trendfollowing strategy :|
OMG
But that's OK, as long as my "MonkeyBounce" (yep, thought of a name for my method :cheesy
doesn't underperform a plain vanilla trendfollowing strategy :|OMG
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marmoset
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Thoughts starting to form on remedying underperformance: skew or bias in trend direction.
Either double-size the positions taken in the trend's direction (no nominal pip difference, but significant $$ diff.) or tighten the stops of the countertrend bounce positions (nominal pip diff.) or a combination of both... :?:
More backtesting this weekend
Either double-size the positions taken in the trend's direction (no nominal pip difference, but significant $$ diff.) or tighten the stops of the countertrend bounce positions (nominal pip diff.) or a combination of both... :?:
More backtesting this weekend
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mark twain uk
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marmoset,
that was unlucky, it just touched 44 and then went up just over 74 and then it tumbled down past 44, I hope you had time to reinstate the short order
that was unlucky, it just touched 44 and then went up just over 74 and then it tumbled down past 44, I hope you had time to reinstate the short order
