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- 49 Results (2 Threads , 47 Replies )
- rsmith911 replied Jan 22, 2015
if you are worried about slippage do what I've done and use options instead. perfect for trading volatility. you have fixed risk up front and potentially unlimited gains. sure you pay a risk premium but if you are confident the market will go your ...
- rsmith911 replied Jan 19, 2015
Here is an interesting thought - in the UK if you want to borrow money to buy a house you might be able to borrow 4 times salary at most. For that they want to see proof of employment, previous regular salary payments going back months and of course ...
- rsmith911 replied Jan 18, 2015
Isn't it just that the algos all got stopped out at once when the price went below 1.2 so the buyers were exhausted pretty much instantly and the market had no time to respond. A bit like the 2010 flash crash. Just a case of who had the fastest ...
- Brokers chasing you for negative account balance
Please post here if your broker is chasing you for money to repay a negative account balance ...
- rsmith911 replied Nov 23, 2012
Has one of those new york algo traders created a for-next loop with "BUY" in the middle of it?
- rsmith911 replied Nov 21, 2012
What planet is this guy on?
- rsmith911 replied Nov 21, 2012
Firstly are you talking pips or points here? I've never seen a retail broker who isn't a crook with a spread much less than 10 points unless you're a billionaire with some special deal. Secondly you're assuming your SL always works nicely. What ...
- rsmith911 replied Nov 21, 2012
I think its incredibly likely to happen. For every proper move the market makes it performs about 50 wiggles specifically designed to f**k over trades like this. The only way to escape this is to use a larger SL which then means when one finally ...
- rsmith911 replied Nov 21, 2012
LOL Except that even with the slightest volatility (which is inherent) both orders will get stopped out and you'll lose SL 6 x 2 + two lots of spread.
- rsmith911 replied Nov 21, 2012
First target 2800, there's a lot of support there, it's approx. 38.2 ret and its the bottom of wave 4 which often limits corrections. After that next stop spike sticking out on H1 at 2774 which is v close to 61.8 ret. Last target support around ...
- rsmith911 replied Nov 21, 2012
Short @1.28232
- rsmith911 replied Nov 21, 2012
Looks like another ending diagonal for wave 5 on M15. Preparing to short captain.
- rsmith911 replied Nov 21, 2012
Looks like wave 3 is extended. In theory the final wave up will be <= length of wave 1. So max. should be around 1.2825. Looks like 1.2737 might be final low on daily (truncated 5th) in which case the anticipated move down will be a retracement of ...
- rsmith911 replied Nov 20, 2012
Couple of nested ended diagonals in my opinion. I got my short on just at the top as a massive jerk pretty much always happens after ending diagonals.
- rsmith911 replied Nov 20, 2012
lol Seriously, is this speech expected to generate any movement? Isn't is just some crappy after dinner speaking?
- rsmith911 replied Nov 19, 2012
I agree with all that, except I don't think your labelling of wave I down from 1.313x is quite right. The sub-waves don't fit. I think the correct count is on this site (not mine I hasten to add) which starts with a leading diagonal: ...
- rsmith911 replied Nov 15, 2012
We're nearly reaching crunch time on deciding which way we're heading: This up move could either be Wave 4 of a bearish count in which case for both legs of the zig zag to be equal we shouldn't go above 1.282 ish and above that 1.2875 which is the ...
- rsmith911 replied Nov 13, 2012
Wave 2 usually deep correction so am looking for a long provided we stay above 1.2672x.
- rsmith911 replied Nov 13, 2012
Looks like an ending diagonal building on daily to me: image I'm therefore expecting a big snap upwards in the near future. If correct, in order not to violate wave 3 not being the smallest, it can't go below around 1.26375 by my calculations. ...