please please help going mad 4 replies
DislikedHowdy, me again...
It has caused me to think about letting go of some of the rules from the Bonehead system like:
- Hot damn! that thing is movin' lets jump on
- Hell it can't go any lower than that
- Whats a decimal point in a stoploss? aint like I'm gonna hit it!
- Oops, bought the cable instead of the Euro....lets see where this puppy goes.
and other assorted pearls of bonehead wisdom.
here's my MuddBuddah monitor.Ignored
DislikedIf you're trading the four US majors then you will always run the risk of dollar correlation. I think your last few trades highlight this problem.
It might be worthwhile diversifying out and look at crosses (non dollar) pairs. FWIW I just look at the Euro majors which are 1 dollar (EURUSD) and 3 crosses (CHF, GBP, JPY). i think the correlation of the EUR vs USD majors is weaker but (as usual) I have no hard data to back it up!
Alternatively consider mixing in more commodity pairs like AUD, CAD, NZD and throw out some of the majors you have.Ignored
DislikedHey Heavy, where ya bin!?!
I always look forward to reading your charts.Ignored
DislikedLooking at your trades HJ, where do I sign up for Bonehead School?
Those are nice...