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- MickD replied Jan 14, 2008
Another model to ponder -
- MickD replied Jan 14, 2008
I've done a bit of work with the MM and skew, just quickly I came up with these figures. A thing to remember though is that as you add units you are averaging your price down as well so you may be able to be a little more conservative with the added ...
- MickD replied Jan 10, 2008
Ok, I'm a bit battle worn after my last fight with the dragon so I'm a bit out of tune. The daily shows promise but I wouldn't be surprised at a bit of a pullback shortly at the .38 in fib level on that chart (sorry, the fib's are upside down but ...
- MickD replied Jan 10, 2008
@ Sizz. Here's my take on that given the last swing. It has bounced of the inner .68 mark and is heading south, my target to buy in long would be either the 0 or the -38, the -38 would be better as it would complete the swing cycle. only my 2 pips. ...
- MickD replied Jan 9, 2008
The hardest part to this is Skunny can't possibly teach you how 'he' sees it, you have to explore and learn the tool by your own experimentation. Try pulling a fib on a recent swing (any time frame), this will give you a S/R level at 0 and 100 with ...
- MickD replied Jan 9, 2008
My short term 'anticipation' fixed, sorry for any inconvenience.
- MickD replied Jan 9, 2008
It's over! — I finally pulled the pin this morning as the A/J was coiling up at the 97.00 mark. At this point I was still down 2700 on my blotter but I had managed to build my book up to over 115k so I booked the small loss and still walked ...
- MickD replied Jan 7, 2008
After 4-5 days I'm making headway, if I closed out my position now I'd be 2k in front! There's still a bit left in the tank I hope to close out my other negative units in profit and it will have all been worth it.
- MickD replied Jan 3, 2008
Believe it or not, I'm still long on the A/J! My blotter doesn't look to healthy at the moment but I'm still taking profits as they become available on the swings. So far I've had this position for three days and I've pulled out a considerable ...
- MickD replied Jan 2, 2008
Happy New Year All, wish you all the best in your trading this year! I am still on demo for a bit until the market settles into the new year, I may open a live account next week, probably 500-1000$ to get started with and see how it goes. Working ...
- MickD replied Dec 17, 2007
Here's the last few trades' chart. box 1 is the previous trade short - win box 2 is last nights trade short - win box 3 is todays trade long - win(ning) still in as the bus is turning my way In amount terms I've put at least 1% on my 100k account ...
- MickD replied Dec 13, 2007
Don't count pips, it'll send you mad! — I will no longer be posting pip gains anymore, not in the pure profit sense anyway, they no longer mean a great deal to me anymore and I'll explain. I won't go into great detail just now but while ...
- MickD replied Dec 12, 2007
The Entry: — Ok, this is the start of my strategy outline. I'll post these charts to give a picture of how and why I might enter a trade. As with any trades, nothing is certain but you must have a reason to enter any market. Every set up is ...
- MickD replied Dec 12, 2007
Like most days, between 3-4pm Aussie time the market makes a bit of noise (due to the close of Aussie and the impending close of Tokyo I'm assuming) so I had a chance to do some active trading. I set my stops for the first 2 trade to the buy in of ...
- MickD replied Dec 11, 2007
Wow!, what a battle that turned out to be!! I was speaking with a high voice for a while but I made it out with a few pips profit, I can't remember how many but it was only a few. I was in too much of a hurry to count Another lesson learned - ...
- MickD replied Dec 10, 2007
just closed out the first 2 postions for 122 & 103 pips respectively, I may have been a bit quick at pulling the trigger though, price has just continued a bit on the 1m/5m, may be a bit of noise but I didn't like the PA so I did some banking As ...
- MickD replied Dec 10, 2007
In again with the AJ, also bought GJ long by accident then bought another to bail me out as the pair were trending in my favour generally, we'll see.
- MickD replied Dec 10, 2007
Zoran, fti, would this be an example of 'snowballing' out of a bad postion (1)? I actually put this pos on by mistake, it is going against me but the general trend is long and I bought in at (2) with the double bottom, so far it is balancing my ...
- MickD replied Dec 10, 2007
I left my positions open overnight with a SL that would have left me with a little profit. If I had have been trading live I would have nursed it a little further with a more profitable SL and further open positions, here's how I would have played ...
- MickD replied Dec 10, 2007
That was the aud/jpy. I am currently long at the moment and doing ok, I left it overnight with a stop loss that would have left me in profit (if slippage wasn't extreme at least), if I was using real money I would have nursed it a bit more and added ...