Winter blues Trading 2011/12

[Vaco]

also short ej 106.91 20 pip stop

 

[be-positive]

Just to pass a few minutes away from screen :cheesy: hope you enjoy

 

[Vaco]

stops moved to 1.3713 and 106.91

 

[Lord Flasheart]

quality bp,

 

[Vaco]

stops moved to 1.3713 and 106.91

stopped out on both

-18 and -12

 

[barjon]

out -12

not the best of starts to the morning.

One aspect of my trading that I am strugling to improve is cutting losing trades when the pattern no longer fits rather then waiting for the stop to be hit.

vacs

you seem to use a monetary stop rather than a pattern failure one (no longer fits?) so I wonder if you can work with a stop zone that caters for both rather than a specific price.

If pattern failure is what you mean by "no longer fits" then there will usually be warning indications that it might fail. You might think of those as a series of warning lights coming on - although, like price, they will probably flicker on and off before burning bright.

That might enable you to set upper and lower limits to a stop zone. If price goes into the zone you'd drop to a lower TF and watch the action with the intention of exiting "at best" unless price pops back out of the zone or your bottom limit is reached where your hard stop is triggered.

jon

 

[Vaco]

your spot on jon, but acting on the info presented is much harder when you have a bias towards one direction because your already invested.

 

[Vaco]

Wonder if the g20 meetings are whats screwing me up today?

causing a wipsaw market methinks.

 

[Lord Flasheart]

aus/usd should be a good short if it gets to big figure.my ea has hardly moved yet euro and aussie 100 pip moves,strange

 

[Lord Flasheart]

Wonder if the g20 meetings are whats screwing me up today?

causing a wipsaw market methinks.

its been like it for months.The moves are brutal, and the pullbacks wide,hard to trade

 

[barjon]

..................acting on the info presented is much harder when you have a bias towards one direction because your already invested........

don't I know it

try switching roles and pretend you've entered in the other direction and looking for confirmations to make additions. Anyway, it's not scientific is it, we're just looking at various levels where we make assumptions and take what advantage we can if those assumptions play out.

jon

 

[barjon]

its been like it for months.The moves are brutal, and the pullbacks wide,hard to trade

always too brutal for me the pip size is like trading ftse on the decimal point

 

[Lord Flasheart]

short 1.3381 s/l 13406 eur/aud

1/2off at +12,rest to b/e

 

[Lord Flasheart]

short 1.3381 s/l 13406 eur/aud

1/2off at +12,rest to b/e

rest of at +40

 

[Lord Flasheart]

got out as market stopped and eur/aud had greatly underperformed other correlated pairs,so was worried

 

[Splitlink]

Euro is going straight up, this morning, There is no rhyme nor reason to it, is there? Here we are, in the middle of a big dispute on the Greek referendum business and the Euro is preferred against the USD.

 

[Lord Flasheart]

reason for trade

 

[Lord Flasheart]

Euro is going straight up, this morning, There is no rhyme nor reason to it, is there? Here we are, in the middle of a big dispute on the Greek referendum business and the Euro is preferred against the USD.

True but always worth remembering that the euro is basically germany,Germnay are economically a lot better than most countries so there is strength. Well its one angle and possible long term reason for bullish euro

 

[Vaco]

long eurgbp .86207 20 pip stop

 

[DDI]

short eurjpy 10665, stop 10706, first target 10630 second target open

2 x -35

just as well i was away as would have been shafted in a few more trades too!