I am selling on ebay if anyone is interested, virtually new:
http://cgi.ebay.co.uk:80/ws/eBayISAPI.dll?ViewItem&item=200098297739&ssPageName=ADME:L:LCA:UK:31
LOL..Ed Seykota is one of the traders featured in Market Wizards..a trend follower trading over longer time frames and not a day trader. alleged to have taken a customer account from $5000 dollars from 1972 to over $15 million....pg 158 Market Wizards.
"This means that you will make 80 pips from the 4 winning trades and 1 50 pip loss, which still gives you a net profit of 30 pips."
Or 2 x 50 pip losses to give you net loss of 20 pips...I take your point about expectancy is a factor as is the risk:reward ratio....keep us updated on how it...
Her stop loss is bigger than her targets...is the risk is bigger than the reward..can that be a good system even if the expectancy is good..only takes a few loses to start performing badly
Anyone know where I can have the BWI (Bollinger Width Indicator) displayed on a Forex Chart for free. All the ones I have come across display the Bollinger Bands but not the BWI
Looking to try test a strategy with using Forex weekly charts - with FXCM have noticed that a week according to their chart/feeds is from Monday 10:00pm to the following week Mondays 10:00 pm (http://www.dailyfx.com/charts/Chart.html?symbol=EUR/USD)
whereas other sites...
I didnt actually realise that Covell failed as a turtle - where did you get this information from , is it documented anywhere - just curious because I have read and enjoyed his book but didnt realise he actaully ever tried trading.
If anyone is interested I have put three books on ebay
Financial Freedom through Electronic Day Trading by Van Tharp
Trading Day by day by FH Goslin
Trend Following by Michael Covel
All are hard covers and 2nd hand but in good condition.
Thats very interesting - I have seen such spikes in other instruments as well. I also had a similar thing happen on a demo account with a share and got stopped out with a spike and was also told by them that every Friday (or future expires) something happens to prices resulting in such spikes...
Can anyone explain these spikes on their daily charts that do not appear on the hourly or 15 min etc charts eg yesterday (13TH Jan) Gold Rolling Daily on the Daily Chart there is a spike low to 535.2 but on the 15min or hourly chart for yesterday there was no such spike????
I have mentioned another spike that they had a few days back (think it was on the EUR/$) - see earlier post in this thread - but there was no such spike on the forex brokers charts (eg www.dailyfx.com) - if i had an order (limit or stop) would that have been triggerred?????
I see on the chart for EUR/$ Rolling Day instrument today at around 7:10 this morning the price on the Capital Spreads chart spiked down to 1.1847 but on the Forex charts eg www.dailyfx.com there was no such spike just curious to know if there was anyone out there who was carrying a profitable...