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Yes I use the stuff from NB, like first entry has a size of 1, second of 1.6 and third of 1.6x1.6.
This 30 bars thing from BWILC is one of the most common misunderstandings. Dirk actually never meant to use only the last month but you have to see the most important support/resistance stuff. It's not about timeframe it's about price levels. 300-400 pips grid size is currently to small. 800 pips should work better.
Regarding the Euro I'm totally amazed that we are...Ignored
NB's entry size seem a bit odd - why 1, 1.6, 1.6* 1.6 - I will go through the thread to understand the thinking behind it.
My doubt was not abt the 30 bar rule, I have read your older posts on the topic. I also have the newer version 2010 of the book. In there Dirk has made it aptly clear 30 bar was not cast in stone.
Actually my doubt was:
Within 2 months ie from around 7th July to 5th August - EU rallied unrelenting 1500 pips. A huge movement for span of 2 months. What was your grid size then and now? How did you handle such volatility? I mean, 700-800 pips grid size was not enough for such a move.
Also, what news/blogs you follow?
I think the current retrace was just a temp move down. Just a prep for the next huge move up.