Kaffee said:Depends on the stake. 16 points a day is more than enough for me. But it depends on your stake.
Baruch said:How big is your stake?
Kaffee said:£10pp.
16 points a day net gives you over £35k a year tax free on S/B. That would keep the wolves from the door.
Baruch said:OK, but can you buy a Ferrari? :cheesy:
Baruch said:OK, but can you buy a Ferrari? :cheesy:
Baruch said:The Big Ben move has started right on time (between 7-8 gmt) - how far will it go?
Kaffee said:If you can, then you would be betting more than £10pp... so again 16 points a day should be ample !!
Baruch said:Yes, but if you trade the news, you can make a lot more. That's why I am a news trader (and then I have this little Big Ben game going on)...Tonight there was some nice moves in both Cable and Aud after news data.
Kaffee said:Hmmm.. thought it was the range between 7 and 8 am which is 7331 - 7362 ? Which we are still in.
zuke said:Didnt post this live sadly, but I am short at 7419. I have a 40 pip trailing stop. I wonder if it'll break through minor support at 7315
Baruch said:When did you go short?
Ripcord said:The only entry i can see that matches any criteria would have been 18.23 gmt yesterday. I'm not a fan of holding overnight, been stopped out too many times.
Baruch said:This is test-trading (and with only a tiny position), so I trade not only breakouts, but all what seems to be the start on a new move between 7 and 8 am. So far this method has only made modest gains.
Kaffee said:Fair point. Horses for courses.......... and donkeys for derbies !!!
Right, Xmas shopping awaits... then into the chat room.
Later.
zuke said:I assume you are short as its broken out of the Big Ben range?
http://www.brokerfind.co.uk/chat1.htmBaruch said:Where can we find the chart room?