trendie
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good one, Uphios.
that reminds me that some think that we may be too cable-specific.
how about:
which FX pair is likely to give the biggest percentage increase/decrease over next week.
that way we expand our awareness to other, perhaps more volatile, pairs.
EDIT: thanks dc. looks like wasp has it covered.
that reminds me that some think that we may be too cable-specific.
how about:
which FX pair is likely to give the biggest percentage increase/decrease over next week.
that way we expand our awareness to other, perhaps more volatile, pairs.
EDIT: thanks dc. looks like wasp has it covered.
Not even going to mention yesterday's 'volatile day', mainly because I got one wrong once as well. 1988 I think it was, or could have been 87dc2000 said:that was an expensive brew
my stop level is 480 if it hits that I will be looking to scratch trade at B/E
2be
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DC sorry to hear it, I thought you were out of the cabledc2000 said:that was an expensive brew
my stop level is 480 if it hits that I will be looking to scratch trade at B/E
Managed to get out in time at two retracements, one from the overnight filled order and a shorter one later on. Both buys in a short down trend
Thats life, have missed the trend well and since 70% of the average daily move has been fulfield, there is very little for me to do, but to consider another brew and do some more reading and research. Saying that cabel sits now at a pivot point @495, just gone through it. I cannot touch the market now. If Pivot @495 holds, it could change direction back into 600ds. Hope it will do but I am not likely to ride the move.
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City Bound
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Lol. Typical. Took the day off. Came home to see I would have been up 60 pips! First potentially good day for my system in ages. At moments like this, all you can do is laugh.
*bangs head on desk*
*bangs head on desk*
...boy, do i regret that decision. Succumbed to the 'fear' of another potentially poor vebo day by removing the short order and now look at it. I think i'd better 'bot vebo smartish, if i'm to stay in this game....shins well and truly pummelled. Of course, i'll feel much better if it reverses this afternoon :cheesy:ChowClown said:
2be
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I would start to look at MACD histogram at 15min chart and at candle pattern (or OHLC pattern of price exhaustion) Then use 1hr chart and try to discern if the MACD histogram is at least getting narrower. I also use Stochastic / with ADX and RSI on multi time frame together with few MAs. At this moment there is a decisive momentum in direction of Penguin land. Though things can change v suddenly. Thats why I am out for the rest of the day.
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Offshore Trader
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ChowClown said:
I hope it doesn't Chow....unless it reaches 1.7400 first........
a_gnome
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To CC and OT, don't beat yourself up over not being in the move. When you switch off a system because of poor performance, you're only going to know that it has started working again when you get a good move which by definition you'll have missed. The question is really did you net saved money by not taking all the whippings but by not catching the good move as well.
FYI I'm not in either though feeling ok about it. I'm more relieved that cable is starting to move again rather than annoyed that I missed the move. Cable has looked absolutely terrible these last few days in terms of how the charts hang together. For me it was a no-brainer to stand aside.
FYI I'm not in either though feeling ok about it. I'm more relieved that cable is starting to move again rather than annoyed that I missed the move. Cable has looked absolutely terrible these last few days in terms of how the charts hang together. For me it was a no-brainer to stand aside.
hi 2be, welcome to the thread, don't think i've seen you post here before. Vebo is the generic Volatility Expansion BreakOut strat myself and a few others are using...which has been suffering of late. It's derived from similar methods posted on strategybuilderfx (ie Hans123's method).
Offshore Trader
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a_g I did go short today. The feeling of doom was there but if you have a system you have to keep going unless you are going to revise or abandon it IMHO. One of the big things I've learnt from this thread is that it'ss fine to use others' thoughts to help your decision making but you mustn't let them make the decision for you.
