we need to see breaks in the values from those changes to have a higher probability of risk .if they remain within there range then you are reducing the probability and are trading at even money minus your spread
I'm behind real time here because I'm taking screen shots and uploading,but as I was putting this post together a long was available as those values broke through
Cable has traded within in it's bandwidth this week .it remains to trade between it's averages dependant on the present dominant time horizon.15 mins.daily four hour.certainly does not look like trading below at the low side of the extended averages.
My long has been taken out just below its opened price .I left 20 on the table on this one but feel the zone is still correct for buying maybe a little early and against the present sync.
Price now at 14 my mid point of this converged buy zone
Down at 10 my lower level.long from this level for cheap entry and a minimal risk 7.5
Thanks dance.
Caught that perfectly .although I let 20 go on the trade before by mismanagement and not calculating the exhaustion point .something I've been working on.
{quote} where is the acc standing at ? its been 8 years you still seem to be going strong with the initial balance ?
Ignored
Hi piquant
Not quite as black and white as that.
Initially I was only scalping from this account and then allowed myself to trade other methods from one account which resulted in confusion and destroying a healthy balance.
Since separating accounts my scalping balance has remained positive and shows an annual growth of between 17% to 34 % I can't say the same for other methods and accounts I've worked on.although my ft100 account has remained positive for 18 months .
I've made some good money over the time period overall
Regards
Bill
Price has now fallen to the lower extended band and presently sits at the monthly averaged.
I'm looking for any indication of buying at this level or if we sell to trade the lows
