Nothing a crushed grape can't fix
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Trading Rules for die-hards... 47 replies
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Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies
die young 8 replies
Dislikedt 10-19 A/U is still retracing up, If you are not retrace trade yet ,a sneaky short around here would save you money if it does fail. It only fails when high is brokenIgnored
Disliked{quote} I have a buy stop at the upper trigger for double lot size with a TP of 5 pips (spread NOT included). From my notes the OTHER side gets +5 pips 90% of the time when OG trigger reverses before 10.Ignored
Disliked{quote} yes it does, also good for +20 and dont forget you can look for Daily Range High edit, daily range so far is only 30 edit again zzzz, dont forget , if the high doesnt break and it drops back down, this is what we want really. you can still look for daily range lowIgnored
Disliked{quote} What is happening on AU right now is why I don't feel too comfortable countering at the Mid PointIgnored
Dislikedt 11-28 A/U is similar to yesterday, it looks like the 08-00 bar will be tradeable. we have news from US later, it is oil related .Australia has oil but more gas n coal. erm lets see.Ignored
Disliked...Disliked{quote} Bo, countering at the mid point isn't a "universal principle". All pairs behave differently. Countering at the mid point has relevance to E/G because it rarely ever sees a dead stop in its tracks when it reaches that point. You'll have to test for any significance in application to AU. If it doesn't look like the mid point is useful for AU don't use it. This is where I again mention the power is statistical thinking that billy has blessed us with. Currency pairs are like people they all have different personalities.IgnoredIgnored
Disliked{quote}{quote} he's a shit retail trader that makes loads of schoolboy errors and does his ass trading 15 pairs every week. Oh and he doesn't keep stats. Very stupid. He's good with EURUSD tho. LOOOLIgnored
Dislikedt 10-19 A/U is still retracing up, If you are not retrace trade yet ,a sneaky short around here would save you money if it does fail. It only fails when high is brokenIgnored
Disliked{quote} I"m new to trading but I know from living in the US that we get a lot of oil from Canada so any news regarding oil coming out of the US I would assume would affect CAD...and vise versa.....any news coming out of Canada regarding oil would affect USD ????Ignored
Disliked{quote} What is happening on AU right now is why I don't feel too comfortable countering at the Mid PointIgnored
Disliked{quote} I"m new to trading but I know from living in the US that we get a lot of oil from Canada so any news regarding oil coming out of the US I would assume would affect CAD...and vise versa.....any news coming out of Canada regarding oil would affect USD ????Ignored
Disliked{quote} OIL inventories will move USDCAD. OIL leads CAD around by the nose. OIL also ties to JPY. What pair teams up most often in peoples' minds with these two? UC and UJ. It's not so much that OIL moves the USD but that it
. Finally, one of the main ones around that you may not even consider, is the link between Gold and the CHF. Hence why so many funds use USDCHF as a staple.Ignored
DislikedI just finished some more stats! Very interesting stuff. I can definitely see how having this stuff will help in the future. So far today I have added....."how many pips price retraced before making TP. (not including complete reversals) I broke it down into 5 categories....20-25 pips, 25-30 pips, 30-35 pips, 35-40 pips and 40+ pips. Out of the 55 ranges of 20 pips or bigger in the last year only 4 times has price retraced more than 20 pips and then corrected course and reached our original TP. I am using 20 because 20 is going to be my Stationary...Ignored