I sat out today purely on fundamentals: Yes I know the system said buy but 1.50 is such a pivotal level I didn't think it worth the risk. We need a good finish for the week tomorrow.
I think this is where I go wrong: I used the IG bid price chart and knocked off 2: i guess this is silly? My ETX £250 net finished yesterday and I'm pleased to say I didn't need it either.
I'm a true trapper: I lost today by entering a sell: order at 1.4691, but I entered it on ETX: I'm not sure if true trappers were stopped out on IG: I had the impression they were?:thumbsdow
The most important point you make is the last one: I don't think it is swings and roundabouts : i actually think its important. My system is going to be 75 pips worse than yours and over a period of time that could tip the success of the overall performance of the sytem from good to bad....
Same here. I've been using this for 3 months now but today was the most frustrating day so far... My problem Is I think I used ETX which obviously is in a slightly different place to IG::confused: This goes down as a day that should have bween +40 and ended up -30... :mad:
Key level is 1.4683: Low point of night, high was 1.4715. From a technical point of view when it breaks one of these levels its likely to carry on.... but hey If I believed that I worldn't bother with nT would I? Whats definite is that we've had over 20 sideways candles and we will build up for...
As I posted earlier I did indeed sell today: It WAS an incredibly weak signal but it paid off. :clap:
VERY interesting fall on £/$ tonight might lead to an interesting set up in the morning... Here's hoping
I couldnt resist a quick short trade today. Signal was very weak but it paid off: Banked 15 pips at about 0825. As luck would have it my ETX safety net expires today and I didn't need it because I'm in profit over the 10 days. Typical: just watch it dwindle over the next 10 days ;)
Not a great trade set up this morning. Clear under the rules but technically we're at top end of a channel thats been there since May 13th. We need a break out up to deliver +50: good luck all.