How about that for a perfect touch? See Line, Trade Line indeed.
US30 1-min Double-Dip on a perfect touch. +4.8 +5.3 [+10.1]
Trading Rules for die-hards... 47 replies
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die young 8 replies
DislikedMy first trade failed, i was minus 20. i went long looking for my +5% which i got. i also now have a second trade running, a counter, this got me my +20. EASY lol.Ignored
Disliked{quote} Thank you sir. So after the short entry failed and you opened a second counter trade position at the high of the range, you are then hedged, like a unrealized -20% on your P/L (if 1 Point = 1% and the range was 20) that is no more increasing. Two floating trades then staying at -20 what ever comes next. You were then optimistic to make up for that by opening a additional buy position at the high too, having odds in your favor that it would run for some what of the daily range this time. So you could exit from all open positions at time it...Ignored
Disliked{quote} Think about what you are saying. If you were at scratch (+/-0), why would you then let yourself go back to -40? Billy and I counter trade in slightly different ways but both styles have been explained in great detail through the thread and there is a breakdown of topics on page #1 now.Ignored
Disliked{quote} Thank you sir. So after the short entry failed and you opened a second counter trade position at the high of the range, you are then hedged, like a unrealized -20% on your P/L (if 1 Point = 1% and the range was 20) that is no more increasing. Two floating trades then staying at -20 what ever comes next. You were then optimistic to make up for that by opening a additional buy position at the high too, having odds in your favor that it would run for some what of the daily range this time. So you could exit from all open positions at time it...Ignored
Dislikedpuh, more than +30 on the 08-00 range, so again no trade for me. in the last time the ranges from this 15min bar are so huge...hope it will shrink in the future.Ignored
DislikedNot bothering with The Billy Bar for now - no offence, Billy, I'll be back - and so off to the US30 for me this morning. Easy enough to see what's going on, however, once in this, the spread - already slightly larger than ''normal'' - began to fluctuate and so I bailed just ahead of my intended target of the H1 Supply. (Not marked on this chart but you can see the grey tp line here). US30 1-min. +7.5 {image} As it turned out, just after I closed, the spread jumped again. Weird and more than a little annoying.Ignored
Disliked{quote} I really should check the calendar more often. Big red for USD today. Employment numbers.Ignored
Disliked{quote} Thank you sir. So after the short entry failed and you opened a second counter trade position at the high of the range, you are then hedged, like a unrealized -20% on your P/L (if 1 Point = 1% and the range was 20) that is no more increasing. Two floating trades then staying at -20 what ever comes next. You were then optimistic to make up for that by opening a additional buy position at the high too, having odds in your favor that it would run for some what of the daily range this time. So you could exit from all open positions at time it...Ignored
Disliked{quote} i will answer later as i am in trade right npow. Chart below was copied a couple of minutes ago.07-33ish. T = 00-00 4 hour range of 21. 1 = daily range high if it makes 70. 2 = daily range low if it makes 70 . 70 is an example {image} edit, todays daily range is 120. have you noticed the low broke and then retraced up to break High???????Ignored
Disliked{quote} It's just the supposed ''uncertainty'' round the last dotting the ''i's and crossing the ''t''s of B****T that is making things a bit crappy on Cable just now. It'll calm down soon enough.Ignored
Disliked{quote} i work most of the time off stats. Today i must admit was a bit wild, but it does show my method isnt always easy. Don't forget i use 2 banks, If the smaller bank gets busted i borrow off the larger bank. Don't ask why i do this, but i am happy.Ignored
Disliked{quote} Also it is year end approaching and there will be some 'book balancing' going on.Ignored