Disliked{quote} - I find the currencies can make huge unexpected moves at times like this - to deal with options positions possibly?Ignored
Again as Lem said indices are an easier trade at the moment.
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Disliked{quote} - I find the currencies can make huge unexpected moves at times like this - to deal with options positions possibly?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
DislikedA, I will answer later. I am at a bar right now with mobile. DON'T OVERTHINK. catch you later.Ignored
DislikedBillytt. Thank you for the chart illustrations and your time. So if i do understand correct you make use the smaller sized breakout trades on the 00-04 range to balance out a countered breakout trade with the 08-15 range. Knowing by statistics that GBP/USD will normally move a minimum of 70 pips for the day this will give you potentially more points you can then look for with any further trade/s. It makes sense, yes :-) But A countered 'main' trade of a 20 Points 08-15 range. You are locked in at 20 x £140/Point = -£2800. To make up for that with...Ignored
Disliked...DislikedBillytt. Thank you for the chart illustrations and your time. So if i do understand correct you make use the smaller sized breakout trades on the 00-04 range to balance out a countered breakout trade with the 08-15 range. Knowing by statistics that GBP/USD will normally move a minimum of 70 pips for the day this will give you potentially more points you can then look for with any further trade/s. It makes sense, yes :-) But A countered 'main' trade of a 20 Points 08-15 range. You are locked in at 20 x £140/Point = -£2800. ToIgnoredIgnored
Disliked{quote} Well, there you go, Billy. You're doing it all wrong. How you make any money at all is a complete mystery. Ho hum...Ignored
Disliked{quote} Well, there you go, Billy. You're doing it all wrong. How you make any money at all is a complete mystery. Ho hum...Ignored
DislikedAvery, i copied these charts off my laptop.(a different one thaan yesterday) chart below, lets look for a 70 range. 1 =high ...2 = low (we do not know where it will go, {image}, chart below, as price moves we adjust the 2 70 range markers.,high/low area taken off 3. (then look at what 4 did). {image}. then more movement,1 & 2 high/low area is now taken off big green bar to left (was 4). {image} as the coup de grace, i put the adr bar in, range of 120. {image} edit, and yes we had breaks and retraces,MEANING FAILS...Ignored
Disliked{quote} Hi Billy. Sorry to bother you (and others), but a question about these charts. My assumption was you were looking at the START of the trading day......that is at 00.00. (Immediately after NY close). (Shown at A) But your range is taken from the start of the 3rd hourly candle (02.00)(shown at B) Have I got this completely arse about? Again, my apologies for the intrusion. Cheers Michael EDIT. That SHOULD read ....4th Dec 00.00 - 01.59.59 {image}Ignored
DislikedHi Michael, it just that his broker daily open starts two hours later than yours. Hope this helpIgnored
Disliked{quote} Many thanks Ainc and Billy. I guess my (sort of) point is that the "given / official" CLOSE of any 24 hour trading day is 5 PM NY time when they ring that bloody bell. So if that is correct (which I suggest it is), then the NEW trading day would start 1 millisecond after 5 PM NY time. Now......my broker USES this 24 hour time frame.....an Hi M, chart showing 00-00 & 08-00 price upen. Please not all my trades and bot operate off the actual 00-00 & 08-00 times and notBST. {image}Ignored