Best Thread Live Cable Trading
Morning,
The 8940 is still active on cable, ideally it should have hit yesterday but nothing is ideal in FX. Maybe cable is taking a breather after 250point rally. The other interesting thing I have noticed is when eur/gbp shows strength the cable target does not get hit on the same day.
Euro, swss and yen all hit V levels yesterday afternoon while cable is struggling below 8900.
Patience is certainly a virtue.
The 8940 is still active on cable, ideally it should have hit yesterday but nothing is ideal in FX. Maybe cable is taking a breather after 250point rally. The other interesting thing I have noticed is when eur/gbp shows strength the cable target does not get hit on the same day.
Euro, swss and yen all hit V levels yesterday afternoon while cable is struggling below 8900.
Patience is certainly a virtue.
Baruch,
Your posts are starting to annoy me, what marmoset is doing on this thread is something unique, he is posting his trades live and has kindly shared his monkeybounce strategy with the rest of his members expecting nothing in return.
Kindly refrain from constantly badgering and criticising his technique unless you have something significant to say which will benefit the the other members.
Your posts are starting to annoy me, what marmoset is doing on this thread is something unique, he is posting his trades live and has kindly shared his monkeybounce strategy with the rest of his members expecting nothing in return.
Kindly refrain from constantly badgering and criticising his technique unless you have something significant to say which will benefit the the other members.
marmoset said:
Look at post# 6566
To calculate Vacuum levels I use Gartley patterns and market profile data. Basically when used in conjuction it simply identifies which levels provide a gravitational pull on price for that day or subsequent days.
For further info on gartley i recommend :
http://www.moneytec.com/forums/f46/collection-butterflies-17228/
marmoset
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Backtesting results for 21-25 March 05: 5 straight down days, 545 pips range, from 1.9205 to 1.8660
L05: +125 (big figure bounces seem to work on major downtrends as well)
L35: -150 (to be expected)
S55: flat (huh??)
S85: +250 (to be expected)
total: +225, that's only 41.3% of the range. Not too bad considering a fixed set of rules.
MaxDrawDown: -75
MaxProfit: +260
In case you might wonder where I get my data:right here at Gain Capital , data all the way back to 2000
Start to get the idea that the S35 is an underperformer (on the 2006 figs it barely broke even), I'm considering going with just L05, S55 and S85, as they contribute 40%, 20%, 40% respectively.
Lemme get another coffee...
stopped out at 48: +13 --> +4
L05: +125 (big figure bounces seem to work on major downtrends as well)
L35: -150 (to be expected)
S55: flat (huh??)
S85: +250 (to be expected)
total: +225, that's only 41.3% of the range. Not too bad considering a fixed set of rules.
MaxDrawDown: -75
MaxProfit: +260
In case you might wonder where I get my data:right here at Gain Capital , data all the way back to 2000
Start to get the idea that the S35 is an underperformer (on the 2006 figs it barely broke even), I'm considering going with just L05, S55 and S85, as they contribute 40%, 20%, 40% respectively.
Lemme get another coffee...
stopped out at 48: +13 --> +4
