May '04 Forex
- Thread starter Newtron Bomb
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FetteredChinos
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morning all. am back now.
saw yet another flat at lunch today. guess what , it was completely ****e. oh well
still not triggered on this Eur short (came within 5 points though i see)
doesnt matter though, weekly points and not daily points are what matter
FC
saw yet another flat at lunch today. guess what , it was completely ****e. oh well
still not triggered on this Eur short (came within 5 points though i see)
doesnt matter though, weekly points and not daily points are what matter
FC
Goober said:
Goob,
I asked a bit earlier today if I had my cable right. I was triggered long at 1.7964 with a 60 pips stop.
Current situation:
Cable long @ 1.7964 +2
EUR short @ 1.2142 +38
CHF long @ 1.2774 +34
The only regret that I have is that is paper money
Given that this is my first day of testing, maybe I have got it wright by mistake.
TW raised an interested point earlier about his trades being successful if the spread on the BO system was les than 60pips. Has anyone checked to see if you are more successful if you do not enter the market where the BO spread is bigger than a no of pips (i.e 60)?
Last edited:
FetteredChinos
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hmm short on Euro triggered at 1.2087. at least its going with the trend, but im not confident in it at all lol
FC
FC
Goober
Did not get stopped out on cable as I do not have a s/l. This is the only pair I do not have a s/l on and from what I remember on a 7 - 8 breakout it has been demonstrated that the return is better on cable without a stop. In my limited experience it has proved more profitable. Entered short at 17919
Euro/Usd short 12132 witha s loss of 35 and UDS/CHF long 12769 witha 40 pt s loss.
Did not get stopped out on cable as I do not have a s/l. This is the only pair I do not have a s/l on and from what I remember on a 7 - 8 breakout it has been demonstrated that the return is better on cable without a stop. In my limited experience it has proved more profitable. Entered short at 17919
Euro/Usd short 12132 witha s loss of 35 and UDS/CHF long 12769 witha 40 pt s loss.
Nicoss
I'm not sure m8! I didn't even look at Cable because of my volatility filter, whereby I won't trade a pair if the H/L range is > 60 pips.
I'm not sure m8! I didn't even look at Cable because of my volatility filter, whereby I won't trade a pair if the H/L range is > 60 pips.
nicoss said:Goob,
I asked a bit earlier today if I had my cable right. I was triggered long at 1.7964 with a 60 pips stop.
Current situation:
Cable long @ 1.7964 +2
EUR short @ 1.2142 +38
CHF long @ 1.2774 +34
The only regret that I have is that is paper money
Given that this is my first day of testing, maybe I have got it wright by mistake.
TW raised an interested point earlier about his trades being successful if the spread on the BO system was les than 60pips. Has anyone checked to see if you are more successful if you do not enter the market where the BO spread is bigger than a no of pips (i.e 60)?
FetteredChinos
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you know what, im losing track of all these strats flying around at the moment!! seems to prove the point, that in forex, entry can be entirely random, and as long as you close the losses early, almost any strat can be profitable.
eurodoodah short looking good at the moment. in backtesting, the average win is around +60 ish, so lets hope for a biggie
FC
eurodoodah short looking good at the moment. in backtesting, the average win is around +60 ish, so lets hope for a biggie
FC
I know. Great, isn't it?
I've been able to fine-tune my system with some of the comments from the lads/ladettes.
Thanks all. Keep up the good work.
I've been able to fine-tune my system with some of the comments from the lads/ladettes.
Thanks all. Keep up the good work.
FetteredChinos said:you know what, im losing track of all these strats flying around at the moment!! seems to prove the point, that in forex, entry can be entirely random, and as long as you close the losses early, almost any strat can be profitable.
eurodoodah short looking good at the moment. in backtesting, the average win is around +60 ish, so lets hope for a biggie
FC
FetteredChinos
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im inclined to agree chow, but i really dont fancy trading against the trend.
1.2050 is incredibly important, as that has been support on a few occasions over the last few days. check out a 30 min chart to see what i mean. if that goes, who knows where we will end up tonight!!
FC
1.2050 is incredibly important, as that has been support on a few occasions over the last few days. check out a 30 min chart to see what i mean. if that goes, who knows where we will end up tonight!!
FC
FetteredChinos
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nah goobs, im busy at work today, and likely to be for the rest of the week, so cant really monitor it all day.
just the breakouts for today/tmr, and probably early next week.
looking good thus far. though eurodolly seems to be stalling, or perhaps it is gathering its breath??
FC
just the breakouts for today/tmr, and probably early next week.
looking good thus far. though eurodolly seems to be stalling, or perhaps it is gathering its breath??
FC
