Live & Die by the sword....
- Thread starter FetteredChinos
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FetteredChinos
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lol possibly.. i have to take it easy as i have to perform more heroics at cricket tomorrow, but perhaps saturday night 
how did you get on with the Dow last night? did you sit out the spikes on the FOMC announcement?
how did you get on with the Dow last night? did you sit out the spikes on the FOMC announcement?
FetteredChinos
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indeed. i can highly recommend it on cornflakes..
stop now 1.7750 . nearly b/e
FC
stop now 1.7750 . nearly b/e
FC
FetteredChinos
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hmm its looking like a pump and dump day on the Dow again chaps..
remember, a close at the LOD is initially bullish as folks cover shorts in the overnight session. and vice versa.
see what the direction is at 3.30 before thinking of going long.
FC
remember, a close at the LOD is initially bullish as folks cover shorts in the overnight session. and vice versa.
see what the direction is at 3.30 before thinking of going long.
FC
FetteredChinos
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btw G-man.. any news on that Market Matrix review?
its is loosely based around confluence of time fibs (both calendar and trading days) and elliot wave measured moves etc?
thats what im guessing its based on judging by various calls made by the MM boys, and some of their terminology.
FC
its is loosely based around confluence of time fibs (both calendar and trading days) and elliot wave measured moves etc?
thats what im guessing its based on judging by various calls made by the MM boys, and some of their terminology.
FC
FetteredChinos
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stop now moved to +20.
i really should have done this years ago....
i really should have done this years ago....
FetteredChinos
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still at 1.7792
getting close to d-day now.
might have to toss the coin again in a few mins.
getting close to d-day now.
might have to toss the coin again in a few mins.
JillyB
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That's what I have you at on my chart - cutting it close there, but I think you will be ok.
Moving up again now. If it were me I would be looking to get out at 1.7825 if it gets up that price again - take the profits and run - its Friday after all.
Moving up again now. If it were me I would be looking to get out at 1.7825 if it gets up that price again - take the profits and run - its Friday after all.
FetteredChinos
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i see where you are coming from Jilly, but this random method can probably only work by letting the big runners ride. after all, if you bail out at 50 because it "looks good", then you can miss out on the 200+ moves that are vital.
im gonna test the basic random entry like this for a while, then perhaps for August i will use some divergance based exit rather than just the simple trailing stop loss..
and there we go.. stopped out for +39
tails came up (yet to have two calls in a row.. hmm. must be a dodgy coin)
short from 1.7784 stop at 1.7834 and trailing
FC
im gonna test the basic random entry like this for a while, then perhaps for August i will use some divergance based exit rather than just the simple trailing stop loss..
and there we go.. stopped out for +39
tails came up (yet to have two calls in a row.. hmm. must be a dodgy coin)
short from 1.7784 stop at 1.7834 and trailing
FC
FetteredChinos
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stop now 1.7820
back trading with the major trend again...
back trading with the major trend again...
FetteredChinos
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lol i know that CJ. i was just trying to fish some more info out on the sly...
:cheesy:
:cheesy:
FetteredChinos
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well i wanted to see which of the (coughs) double fibs were the most useful...
Sorry FC and any others who was waiting on my MM review.
I have been focussing a lot more time recently on fully automated FX trading, so I have not been able to go through the MM CD's again yet, as they run to about 6 hours. I felt that after just looking at it once it wouldn't be fair to do a review based on one viewing, (from this you may be able to guess that it was not going to be particularly favourable). Also, as I have such a mental block on Elliott I really needed to look at this again from other source material.
It has regenerated some if my interest in Fib levels though, and I have been looking for more clustering than I used to. It is still on my to do list.
G-Man
I have been focussing a lot more time recently on fully automated FX trading, so I have not been able to go through the MM CD's again yet, as they run to about 6 hours. I felt that after just looking at it once it wouldn't be fair to do a review based on one viewing, (from this you may be able to guess that it was not going to be particularly favourable). Also, as I have such a mental block on Elliott I really needed to look at this again from other source material.
It has regenerated some if my interest in Fib levels though, and I have been looking for more clustering than I used to. It is still on my to do list.
G-Man
FetteredChinos
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yup i was.. was stopped out at +39 , still in 2nd trade of the day, short from 1.7784, stop at 1.7816 currently.
dont worry about the MM review though. i was just after an impartial gist really, and i get that from your tone already. fibs are useful, but only as confirmaton. trying to trade blindly of fib retracement levels is opening a huge can of whoop-ass.
am interested in automated FX trading though.. u using an API? or something like fxcm and their automated services?
FC
dont worry about the MM review though. i was just after an impartial gist really, and i get that from your tone already. fibs are useful, but only as confirmaton. trying to trade blindly of fib retracement levels is opening a huge can of whoop-ass.
am interested in automated FX trading though.. u using an API? or something like fxcm and their automated services?
FC
