Best Thread Live Cable Trading
trendie
Legendary member
- Messages
- 6,875
- Likes
- 1,433
The results of 02/22:
EUR/USD:
short at 1.1894, stopped out by moved SL, result 0 pips
short at 1.1860, stopped out by SL, result -50 pips
long at 1.1910, closed at 24.00 CET, result 0 pips
GBP/USD:
short at 1.7425, stopped out by moved SL, result 0 pips
short at 1.7381, closed at 24.00 CET, result -55 pips
Total for the day: -105 pips
Total for this month: -79 pips
The results of 02/23:
EUR/USD:
long at 1.1922, stopped out by moved SL, result 0 pips
GBP/USD:
long at 1.7482, stopped out by moved SL, result 0 pips
long at 1.7554, stopped out by SL, result -70 pips
Total for the day: -70 pips
Total for this month: -149 pips
The results of 02/24:
EUR/USD:
short at 1.1881, closed at 23.00 CET, result +7 pips
long at 1.1914, stopped out by SL, result -38 pips
short at 1.1876, closed at 23.00 CET, result +2 pips
GBP/USD:
short at 1.7472, closed at 23.00 CET, result +16 pips
long at 1.7509, stopped out by SL, result -46 pips
short at 1.7463, closed at 23.00 CET, result +7 pips
Total for the day: -52 pips
Total for this month: -201 pips
last two days of trading month Feb need good trends to recover, and it is possible.
but the "other" site has remarked on how the past few months seem to produce fewer and fewer pips.
only the disciplined will stick with it long enough to ride out the recent choppiness.
EUR/USD:
short at 1.1894, stopped out by moved SL, result 0 pips
short at 1.1860, stopped out by SL, result -50 pips
long at 1.1910, closed at 24.00 CET, result 0 pips
GBP/USD:
short at 1.7425, stopped out by moved SL, result 0 pips
short at 1.7381, closed at 24.00 CET, result -55 pips
Total for the day: -105 pips
Total for this month: -79 pips
The results of 02/23:
EUR/USD:
long at 1.1922, stopped out by moved SL, result 0 pips
GBP/USD:
long at 1.7482, stopped out by moved SL, result 0 pips
long at 1.7554, stopped out by SL, result -70 pips
Total for the day: -70 pips
Total for this month: -149 pips
The results of 02/24:
EUR/USD:
short at 1.1881, closed at 23.00 CET, result +7 pips
long at 1.1914, stopped out by SL, result -38 pips
short at 1.1876, closed at 23.00 CET, result +2 pips
GBP/USD:
short at 1.7472, closed at 23.00 CET, result +16 pips
long at 1.7509, stopped out by SL, result -46 pips
short at 1.7463, closed at 23.00 CET, result +7 pips
Total for the day: -52 pips
Total for this month: -201 pips
last two days of trading month Feb need good trends to recover, and it is possible.
but the "other" site has remarked on how the past few months seem to produce fewer and fewer pips.
only the disciplined will stick with it long enough to ride out the recent choppiness.
Funny how selecting the correct timezone for breakouts can have radical results.
This chap seems to have had an awesome week.
http://www.moneytec.com/forums/showthread.php?p=178140#post178140
This chap seems to have had an awesome week.
http://www.moneytec.com/forums/showthread.php?p=178140#post178140
trendie
Legendary member
- Messages
- 6,875
- Likes
- 1,433
mention of JT is made. ( I assume it is JonnyT ). Interestingly, Jonny appears to have concluded that B/Os dont work, as per a previous post here. ( preferring to trade pullbacks )
Also, he ( this otehr guy, not JT ), risks 20 PIPS with 3 lots. thats 60 POINTS. ( 20 x 3 )
I think he makes around 20 POINTS per day.
I get VERY confused when profits are defined in terms of pips or points.
( from my perspective, its the number of pips that count, irrespective of lots. that is, a 20 pip profit is 20 pips, whether you trade 1 lot or 20 lots. )
It gets messy when you scale out or in. ( my understanding is that you should divide the number of total pips by the number of lots traded. Otherwise, you get people saying they made 100 pips in one day, when in fact they made 20 pips off of 5 lots. This may not appear to be a problem, until you realise that they may have been risking 30 pips, or 150 pips(5 lots) to get that 100 pips. )
anyway, worth following up.
Also, he ( this otehr guy, not JT ), risks 20 PIPS with 3 lots. thats 60 POINTS. ( 20 x 3 )
I think he makes around 20 POINTS per day.
I get VERY confused when profits are defined in terms of pips or points.
( from my perspective, its the number of pips that count, irrespective of lots. that is, a 20 pip profit is 20 pips, whether you trade 1 lot or 20 lots. )
It gets messy when you scale out or in. ( my understanding is that you should divide the number of total pips by the number of lots traded. Otherwise, you get people saying they made 100 pips in one day, when in fact they made 20 pips off of 5 lots. This may not appear to be a problem, until you realise that they may have been risking 30 pips, or 150 pips(5 lots) to get that 100 pips. )
anyway, worth following up.
smbtnt said:
LOL. His first post on that forum is word for word the same as one posted on T2W some time back. Link was put up by Baruch I think
If memory serves... he disappeared from T2W sometime in 2004..... looks like he found a new home.
Edit:- Here you go: http://www.trade2win.com/boards/showthread.php?t=11352
Just shows that all systems move in cycles.
Last edited:
breadman said:
Yep, it's the Average daily range.... If the target for Hans is 120 pips on Cable, and ADR is only 110 or so.... it ain't rocket science to see that with most activity happening in the 6-10 range there isn't going to be a lot left for a breakout strategy.
Any chart will give you the ADR (they might refer to it as Average True range). Default is normally 14 days.... I prefer 10 days.
It's been low for a while now... which may suggest a turn is due.
TheBramble
Legendary member
- Messages
- 8,394
- Likes
- 1,170
Morning Gents and Gentesses....dc2000 said:
That's a stop and half there DC - 50 PIPS. I could live on that for a week...(have to sometimes
)Not so cheeky on the limit though - I've been a little more cautious, but wouldn't be massively surprised to see a 309 by 21:00 GMT.
My play range today is 396/463 with the central 428/432 being pivotal.
Picked up the short to 396 earlier. but currently on the sidelines. The 08:50 range may have a tendency to skew both systematic and classic TA, but even without that, it, like you DC, seems to be taken a break at the moment.
Good trading
mickandpete
Active member
- Messages
- 176
- Likes
- 3
Whilst admitting its all very easy in hindsight the Euro appears range bound 11960-11840 since 10th Feb
Not knowing Trendies tactics I am not offering this post as critism but as an observation that a longer time frame view can often be helpful.
Opening a dummy account with oanda provides free access to 4Cast who provide FX news and charts which can be very usefull for a longer term view.
Neil 4Cast give full economic calendar with market expectation
Not knowing Trendies tactics I am not offering this post as critism but as an observation that a longer time frame view can often be helpful.
Opening a dummy account with oanda provides free access to 4Cast who provide FX news and charts which can be very usefull for a longer term view.
Neil 4Cast give full economic calendar with market expectation
Last edited:
