Dislikedi am trying to work out a few different trading styles, ingmar;
one for hit and run
another for what i like to refer to as 'kill zone' shots where i over leverage
and position trades in the mix
the hit and runs can do all right especially for reducing risk and producing nice returns........small or incremental but do they add up quickly
kill zones are trades with a fundamental catalyst like the Security Council vote in favor of a resolution to deploy military force against Libya so load up on OIL or the BOJ announces massive...Ignored
Yeah it is a lot of work eventually it never stops learning i guess but i love it to learn everytime something new some books or whatever are bad but there is eventually always something valuable in it especially when it gives that click in your head and it makes sense.
Myself i also use different methods i find currencies pretty rangebound so i use mainly also kinda revision to the mean but then more based on atr currencies tend to range a lot imo even if they are trending they kinda break from range to range point everytime. When they eventually break a range the start a new range and use the previous ceiling or floor as the new top or bottom everytime. Also more flow driven then other markets. since sometime now i been in to pair trading arbitrage i like it verry much because you dont need to guess direction and it is verry accurate seems to be my main thing now eventually next to it i like to speculate for example the gbp/usd i expect the boe will do another round of easing so i am watching that 1 currently to open shorts waiting for some dailly exhaustion move with targets below 1.56 even lower also eu looks attractive in to the 1.36 area if it gets there is the question but in terms of risk reward i dont like to short here already. Looks like it is still in squeezing mode. My stuff i use says still up but it can be wrong but dont like to bet against it if whe close lower today probally road open. There is also on the dx some trendline i am watching comes in around 74.10 on the futures in dx.