Best Thread Live Cable Trading

[zuke]

If prices moves down to 221, I will take the remaining 3 lots as it would indicate a time to go short.

 

[dc2000]

nice trade Zuke
interesting you are now thinking on the short side I may have the same only small mind with tight stop

say an entry at 267 stop at 285 target 148

 

[ChowClown]

Morning,

Orders for today - long from earlier:

BUY: 8229.8
SL: 8202.0
TP: 8379.8

SELL: 8197.8
SL: 8225.7
TP: 8044.8

 

[Offshore Trader]

Morning,

Orders for today - long from earlier:

BUY: 8229.8
SL: 8202.0
TP: 8379.8

SELL: 8197.8
SL: 8225.7
TP: 8044.8

Are these based on 8am BST or 9am BST?

 

[hornblower]

closed long at 248 +33 pts
my systems and charts, still show a long
but its been a long morning , for 33pts

 

[ChowClown]

Are these based on 8am BST or 9am BST?

8am.

 

[hornblower]

long again 278

 

[zuke]

OK, the rules of my system say that when price falls from one target, I must take profits at the target below (as long as it is more than 20 pips away), so scaled out 3 more lots at 234 for +34. The stop is moved back to break even. I am now

3 lots
Long 200
Stop 200
Target 344

Moved stop to 255. Hence, for the final 3 lots I am:

3 lots
LONG 200
Stop 255
Target 344

 

[zuke]

Moved stop to 255. Hence, for the final 3 lots I am:

3 lots
LONG 200
Stop 255
Target 344

Ok, my system is showing a potential reversal, so closed out final 3 lots at 290 for + 90.

Total aggregate gain for 10 lots trade = 54.7 pips. Thats it for the day for e. Im going to enjoy the sunshine! Good trading everyone!

 

[hornblower]

well done zuke
bird in the hand and all that

still long
closed at 299 +21pts

my wife wants to go out for lunch !!
but I do think this run is coming to an end
system shows it s still a long bu**er

 

[ChowClown]

WD zuke, good to see your method in action.

 

[Baruch]

Morning,

Orders for today - long from earlier:

BUY: 8229.8
SL: 8202.0
TP: 8379.8

SELL: 8197.8
SL: 8225.7
TP: 8044.8

Chow,

Why 8229.8 as your buy? I think the morning range until 8.00 London Time was lower.

 

[ChowClown]

Buruch, it was, i use a volatility expansion calc using a percentage of the 5am-8am bst range, added to the 8am open (in the case of long entries), as detailed in the post i referred you to yesterday.

 

[ChowClown]

...123 short brewing nicely now on the 5min.

 

[jonnyy40]

Just opened the oanda fxgame.A horrible interface.I could only use that in the longer time frames.The account interface proper is the same?If it is,it's a pity.

 

[Baruch]

Buruch, it was, i use a volatility expansion calc using a percentage of the 5am-8am bst range, added to the 8am open (in the case of long entries), as detailed in the post i referred you to yesterday.

Why? As a filter to avoid whipsaws? But why should it avoid whipshaws to get in later?

 

[jonnyy40]

Highly likely pound short.

 

[ChowClown]

No, not to avoid whipsaws, in fact using the VE calc gets you in earlier than the likes of fixed breakout channels.

The original Hans method uses a fixed 5 pip breakout of the range and the SM01 variant uses 15 pips. SM01 found 15 pips to be more of an effective filter than 5 pips, in reducing false breakout entries. Using both VE and fixed channel breakout orders complement each other well, in backtesting.

 

[dc2000]

anyone looking for a turn at 236?

 

[hornblower]

anyone looking for a turn at 236?

hi DC
no should I
please enlighten me