Live & Die by the sword....

[FetteredChinos]

genius.. im laughing like a drain here..

has anyone ever heard a drain laugh?

 

[trendie]

nice..

...I hope to make enough money to live out my life long dream of buying one of those electric roadsweepers(the green ones mind with a seat on the back) and spend my days keeping the streets clean, like a superhero of sorts.

"who was that masked green blur, that carefully manovered around that parambulator "

"wherever there is sh*te i'll be there."

 

[FetteredChinos]

ok, market has died, and im outta here.. closed short at 1.7708 for +76

making +115 for the day. Shabba!

overall score:

Trades:6
Wins:4
Cum Profit: +182

it'll never last.......

FC

 

[FetteredChinos]

and look at it sell off further as soon as i closed..

i never cease to amaze myself in this respect..

 

[trendie]

and look at it sell off further as soon as i closed..

i never cease to amaze myself in this respect..

if its any consolation, I was SHORT EURUSD, and closed out for the day at 1.2043, with a profit of 34 pips.
It is currently at 1.1943 !!! a HUNDRED difference.

by the law of averages, you will get the next big move.
the market will still be there next week.

 

[FetteredChinos]

dont worry trendie. it one of my many psychological defects. must just accept it at move on.

shouldnt really complain about 115 pips. £575 should see me through enough cheap hookers this weekend..

toodle-oo everyone. have a good weekend.

FC

 

[FetteredChinos]

shhh, dont say that...we know Barjon is rather fat-phingered..


right, deffo out the door now.

ciao bellos et bellas

 

[FetteredChinos]

hmm, shouldnt be really trading today as the moves are likely to be a bit thin owing to the US festivities today..

but thought i would give things a go anyway. coin came up heads, so long from 1.7634. stop at 1.7584 at the mo...

 

[FetteredChinos]

damn. stopped out for -50..

tails is up, so short from 1.7584 now..

 

[trendie]

FC,

what mechanism do you use to decide to flip the coin ?

the coin is random, but is the decision to lfip random also ?

PS: I am 65 down on the USDCHF, and it isnt even brunch !

 

[FetteredChinos]

its not got long left Joules. not long at all. dip until early August IMHO, then up to october/november, then down into spring 2006.

at least thats what various cycles point to...

 

[FetteredChinos]

the flip is done as soon as i get the trading platform fired up, or as soon as possible after getting stopped out.

in theory, it doesnt matter when the entry is.. i could do just 1 trade per day, but because FX is open slightly longer than the futures, i can get 2 decent stabs in during daylight hours. its the exit, not the entry that matters..

 

[G-Man]

Am I right in thinking that all your secondary flips to date have been the reverse of the original? Kinda like running a SAR strat ATM.

G-Man

 

[FetteredChinos]

i know g-man, i commented on that on Friday.. im not fixing this honest!!!

Trendie is your man for S&R flip strats.. i think he had mixed success on the Dow, but that whips around too much for trend following on the short timescales..

 

[trendie]

i know g-man, i commented on that on Friday.. im not fixing this honest!!!

Trendie is your man for S&R flip strats.. i think he had mixed success on the Dow, but that whips around too much for trend following on the short timescales..

I found the S&R is much improved if you run 2 trades. One trend-following, the other proft-target related.
I found that approach better than just trend-following, as you make profits on both ranging and trending situations.
But, I had concluded that the strategy is fine, but pure-mechanical isnt good enough.

I am finding 75% mechanical, and 25% discretionary, may be better.
( other chart-patterns, trend-lines, etc, come into play. Its difficult to quantify, "feel", or general state of the market ).

 

[FetteredChinos]

stop moved to 1.7620..

now its make or break time..

will it sink now its broken the overnight low? i think Phil (aka Newtron Bomb) would be looking for a retest of the previous low before shorting...

 

[FetteredChinos]

ah, the random factor works its way back..

stopped out for -36, and -86 for the day

overall score:

Trades:8
Wins:4
Cum Profit: +96

back to slightly more realistic performance...

could have been worse, could have been better..

fc

 

[FetteredChinos]

tails it is, short from 1.7557, stop at 1.7607...

 

[FetteredChinos]

oof. stopped out for -39 at 1.7595.

now long from 1.7596...

hmm..

 

[JillyB]

Is this the same Cillit-Bang free lucky coin from last week?