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- longterm_fx replied Jan 16, 2013
Yesterday, 100% good trades, today 50% good 50% bad. Not my day... I should have taken long at the big double bottom with a target of 1.33. Now at 1.33, seems too risky to try to go down again.
- longterm_fx replied Jan 16, 2013
Did the same (long). Failed. Stop loss really too tight... Price is pushed down. Economical data doesn't have any impact... Very low volume exchanged during CPI news.
- longterm_fx replied Jan 16, 2013
Too close to the CPI news.
- longterm_fx replied Jan 16, 2013
I'll trade CPI in 5 mn...
- longterm_fx replied Jan 16, 2013
Nobody can know where the price will go. As your risk / reward ratio is 100 pips of reward for 260 pips risk, i would say you have a 2/3 probability to win. But one day you will lose... It's like martingale. "It works, until it fails"
- longterm_fx replied Jan 16, 2013
The London morning session seems, as many times, ending not far from where it started...
- longterm_fx replied Jan 16, 2013
Great ! Moreover we don't know ALL the reasons why Bernanke or Juncker did their talks. When in doubt, no conclusion shall be made. The sub-oscillation in the market is really heavy today. I don't have any high-frequency filter to remove that, that ...
- longterm_fx replied Jan 16, 2013
Agrre , but we can draw a down channel now. If it breaks up (and we are now at the resistance line of the channel) it can go up further. If it breaks down, it can go to the support of the channel. But channels sometimes lasts only one day. But wait ...
- longterm_fx replied Jan 15, 2013
Hi Benny, We can be in a down channel. Mr Juncker maybe did not change the direction of the trend but shake it a little bit. We were already in a down trend at the end of the London session.
- longterm_fx replied Jan 15, 2013
I agree. The idea is that this spike is generated only by a speech. This has no technical data as basement. Mr Junker can say that once every six months, he will exactly know the effect of it: fear. So with that kind of 'emotional' speech i find ...
- longterm_fx replied Jan 15, 2013
Hi all, Maybe a down channel is forming. But sometimes a speech makes only a big spike. Like when the Greece bailout was said closed but said remains open ten minutes later. The currencies are really under fine control. Can we deduce from that that ...
- longterm_fx replied Jan 15, 2013
Dojirock, does anyone told you THANK YOU for sharing ? I use the SSBO on EURUSD, 25 pips x 30 bars with great success. Thanks FxH, thanks coders too. Your AUDUSD rate is impressive... One depth martingale can be used there.
- Posts by Member Search: 'longterm_fx'