Best Thread Live Cable Trading

Baruch, I use the same timeframe as the original Hans. He uses 6am-9am CET, which, unless i'm mistaken, is 5am-8am BST. As I posted before, all credit goes to Hans123 and SM01 from the SBFX site - this isn't 'my' method; SM01 first suggested a volatility expansion based Hans approach.

I plan on adding discretionary input to create another method, which is likely to take news into account. At this stage though, i'm just looking to get a feel for baseline performance of a very simple method.

Good luck in your trading.
 
ChowClown said:
...apologies Baruch, Hans uses the 5am-9am BST range, not 5am-8am.

Yes, he starts one hour later than you - and one hour can make a big difference as we saw today.
 
Morning all. First trade of the day

10 lots
LONG 200
Stop 170
Targets 234 (2 lots), 255 (2 lots), 289, (3 lots), 344 (3lots)
 
Morning
just going to sit and wait , and get the feel of things ,
needs to break passed 211
good luck
hornblower
 
zuke said:
Morning all. First trade of the day

10 lots
LONG 200
Stop 170
Targets 234 (2 lots), 255 (2 lots), 289, (3 lots), 344 (3lots)

zuke,

10 lots = 100.000 dollar or 1 million dollar?

PS. Good luck. What made you go long?
 
Baruch said:
zuke,

10 lots = 100.000 dollar or 1 million dollar?

PS. Good luck. What made you go long?

Hi Baruch, 10 lots is $100 a pip (1 lot = $10). I am testing a new 5 min strategy at the moment which is a loose variant of the Vegas tunnel. I got a signal from the system to go long.
 
zuke said:
Hi Baruch, 10 lots is $100 a pip (1 lot = $10). I am testing a new 5 min strategy at the moment which is a loose variant of the Vegas tunnel. I got a signal from the system to go long.

Hi zuke. OK. Nice to know. PS? What is Vegas tunnel?
 
zuke said:
Morning all. First trade of the day

10 lots
LONG 200
Stop 170
Targets 234 (2 lots), 255 (2 lots), 289, (3 lots), 344 (3lots)

Target 1 hit, so scaled out 2 lots for +34. Stop moved to break even, so now a free trade. I am now:

8 lots
LONG 200
Stop 200
Targets 255 (2 lots), 289 (3 lots), 344 (3 lots)
 
Baruch said:
Hi zuke. OK. Nice to know. PS? What is Vegas tunnel?

I dont have a link, but if you google it, you'll find it. It's basically a trend following system that creates a "tunnel" using 2 EMA's (144 and 169) and places trades when price crosses the tunnel.

I am testing it on a 5 min timescale (original was on a 1hr) and trying to come up with filters to eliminate the whipsaw in and around the tunnel
 
still long for now
the ideal price action for me would be back to 196 then 236 then 213 in the next hour and a half I dont want to go near 260s just yet
 
zuke said:
I dont have a link, but if you google it, you'll find it. It's basically a trend following system that creates a "tunnel" using 2 EMA's (144 and 169) and places trades when price crosses the tunnel.

I am testing it on a 5 min timescale (original was on a 1hr) and trying to come up with filters to eliminate the whipsaw in and around the tunnel

zuke,

I found this:

http://www.talkgold.com/forum/showthread.php?t=86812&page=19

and this:

http://www.moneytec.com/forums/f14/tunnel-method-vegas-19312/
 
zuke said:
Target 1 hit, so scaled out 2 lots for +34. Stop moved to break even, so now a free trade. I am now:

8 lots
LONG 200
Stop 200
Targets 255 (2 lots), 289 (3 lots), 344 (3 lots)

Target 2 now hit for +55, so scaled out 2 more lots. Stop moved to 221. So I am now:

6 lots
LONG 200
Stop 221
Targets 289 (3 lots), 344 (3 lots)
 
zuke said:
Target 2 now hit for +55, so scaled out 2 more lots. Stop moved to 221. So I am now:

6 lots
LONG 200
Stop 221
Targets 289 (3 lots), 344 (3 lots)

well done zuke

long from 215
 
zuke said:
Target 2 now hit for +55, so scaled out 2 more lots. Stop moved to 221. So I am now:

6 lots
LONG 200
Stop 221
Targets 289 (3 lots), 344 (3 lots)

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
 
Top