Best Thread Live Cable Trading

[trendie]

The Big Baruch trains runs without problems today... :cheesy:

so did Big Ben and Nifty Neil.

I have been re-reading Newtron Bombs asian-range B/O ideas.
Apart from the obvious b/o strategy, and the "wait for the pull-back" bit, there are some additional filters that may be useful to know.

The trades are based on the fact that the average daily range is over a hundred or so.
The b/o is preferable when the asian range has been narrow, ( obviously )

So, if the average daily range is 120 (for the purposes of the example), and asian range was 30, you enter and expect a good return, around 80-90 pips.
if the asian range was broader, say, 70, or so, the potential profit would be less.
( of course, that day could end up being a 200-pipper !! )

even better if the asian range occurred at the top or bottom of the previous days action.
( gives a better hint of direction and validity of breakout )

these little additions to analysis helps to quantify a potentially good day from others.
worth knowing if you trade the B/Os.

 

[zuke]

so did Big Ben and Nifty Neil.

I have been re-reading Newtron Bombs asian-range B/O ideas.
Apart from the obvious b/o strategy, and the "wait for the pull-back" bit, there are some additional filters that may be useful to know.

The trades are based on the fact that the average daily range is over a hundred or so.
The b/o is preferable when the asian range has been narrow, ( obviously )

So, if the average daily range is 120 (for the purposes of the example), and asian range was 30, you enter and expect a good return, around 80-90 pips.
if the asian range was broader, say, 70, or so, the potential profit would be less.
( of course, that day could end up being a 200-pipper !! )

even better if the asian range occurred at the top or bottom of the previous days action.
( gives a better hint of direction and validity of breakout )

these little additions to analysis helps to quantify a potentially good day from others.
worth knowing if you trade the B/Os.

Good work Trendie..Im firmly of the opinion that B/O's can be a very good strat..if combined with strict entry/exit criteria and a couple of decent filters.

 

[Baruch]

Kinda..Ive extended the range to 7-10 now and look for confirmation at supp/res/fib levels. My main strat is still Vegas tunnel though.

Does this mean you only trade after 10 or what? Or do you do trade the first breakout between 7-10? And why not start one hour earlier?

 

[Baruch]

Better than yesterdays chart - whipped me twice out of trades so I stayed out.

So you trade all the night?

 

[lachie]

here comes non farm fingers crossed

 

[mark twain uk]

wow! quite a drop, it caught me with a small long, wonder whether to close it now, add to it or do nothing

 

[zuke]

The drop was to be expected, given that NFP was so far ahead of consensus..the improtant thing is which way will it go now? Im favouring a move back up.

 

[counter_violent]

Given the trendline break ....I don't see any move back up anytime soon ....all timeframes are in line on the big picture .....have a good one

C V

 

[zuke]

Given the trendline break ....I don't see any move back up anytime soon ....all timeframes are in line on the big picture .....have a good one

C V

True..time to follw the trend.

 

[Uphios]

Hmmm. Well having exited yesterday on a weak looking pound I am back in long at 1.7255. I can see what you say about the charts but I think the dollar is fundementaly overvalued and the dollar longs are just hoping for a 0.5% interest rate rise at the end of the month. I think they will be disappointed. I guess I just find it difficult to back a currency that is running on it's pension fund.

 

[Baruch]

wow! quite a drop, it caught me with a small long, wonder whether to close it now, add to it or do nothing

Always close all positions before NFP (unless your girlfriend works in Department of Labor :cheesy: ).

 

[mark twain uk]

baruch,

I agree with you, there should only be a 50%-50% chance of the trade going against you, but somehow the balance is tilted towards the losing side :

 

[mickandpete]

Euro/Gbp banging up against some very long term trend lines at 6890
Bit eary to say (and its friday) but if similar occurs with a break at 6900 on monday its goodnight cable

 

[Uphios]

Yup, no love for sterling at the moment. Interesting that the Cad is actually stronger against the dollar since NFP. Not sure why sterling is so weak, I guess it is because interest rates are at the high end and there is a constant worry they will lower rates.

 

[Uphios]

Snow sees NFP continuing at around 200k. This appears to be said as if it were good news but as I understand it they need 240K just to keep up with population increase??

 

[Uphios]

Back to even on my long, which is good cos I need the money Nearly stopped out, it hit my number but by the time I got the order screen up it was gone.

 

[neil]

Baruch

So you trade all the night?

No - maybe my charts don't make it clear. I trade similar to Newtron - after 7am

 

[neil]

Cable 5 minute chart

Better than yesterdays chart - whipped me twice out of trades so I stayed out.

Update showing drift downwards and expected big move on NFP figures.

 

[Baruch]

No - maybe my charts don't make it clear. I trade similar to Newtron - after 7am

Newtron?

 

[trendie]

Newtron?

Baruch !!! You have the attention span of a goldfish!! :cheesy: :cheesy: :cheesy:

Newtron Bomb, ( Phil ), who trades asian-session breakouts. ( www.trading-strategies.info )
He posted here fairly recently.
I mentioned him on my post this morning.