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  • #101,441
  • May 27, 2009 7:21am May 27, 2009 7:21am
In the trading the 95% loses and the 5% wins...but who's the 5%?
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  • #101,442
  • May 27, 2009 7:23am May 27, 2009 7:23am
Quoting SpecialEd
Hey Notch, what do you mean by a pip buffer? Already in hand so playing with house money?

Yes. House money. Profit etc.
  • #101,443
  • May 27, 2009 7:23am May 27, 2009 7:23am
Reloading shorts for another drop.... watching 3930 area...
  • #101,444
  • May 27, 2009 7:23am May 27, 2009 7:23am
Quoting notch
Elliot Wave

Thanks
  • #101,445
  • May 27, 2009 7:23am May 27, 2009 7:23am
Quoting notch
Yes. House money. Profit etc.
Thanks.
Up or down, gimme a ticket
  • #101,446
  • May 27, 2009 7:24am May 27, 2009 7:24am
First TP reached.
  • #101,447
  • May 27, 2009 7:26am May 27, 2009 7:26am
I'm new to this thread, you guys are good, I'll continue to follow
  • #101,448
  • May 27, 2009 7:26am May 27, 2009 7:26am
Quoting F.x.
Reloading shorts for another drop.... watching 3930 area...

Locked and loaded to fire at 3937.
  • #101,449
  • May 27, 2009 7:26am May 27, 2009 7:26am
Quoting forexer83
In the trading the 95% loses and the 5% wins...but who's the 5%?
cool! but i don`t think you need to include me... I`m just the heaviest losers in the 95%.
  • #101,450
  • May 27, 2009 7:29am May 27, 2009 7:29am
Quoting forexer83
In the trading the 95% loses and the 5% wins...but who's the 5%?
I used to be one of those!
:nerd:
  • #101,451
  • May 27, 2009 7:29am May 27, 2009 7:29am
2nd full TP reached
  • #101,452
  • May 27, 2009 7:31am May 27, 2009 7:31am
Quoting notch
Locked and loaded to fire at 3937.
Why that level Notch?
  • #101,453
  • May 27, 2009 7:33am May 27, 2009 7:33am
Quoting atlast
why that level notch?

50% retracement of the entire ew move (forgive capitals.)
  • #101,454
  • May 27, 2009 7:34am May 27, 2009 7:34am
Quoting notch
Locked and loaded to fire at 3937.
Because that's 50% fib on retrace? Sorry, comparing notes, and yours are usually better for bi-directional trading. Thanks Notch.

Edit: You answered it. Thought so, thanks.
Up or down, gimme a ticket
  • #101,455
  • May 27, 2009 7:34am May 27, 2009 7:34am
Quoting Moolaa
Apologies for ignorance. What is EW?

There is also a chapter in the book I sent to you on EW>
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  • #101,456
  • May 27, 2009 7:34am May 27, 2009 7:34am
Boom, where it goes, nobody know. Except it has to consolidate at some stage. So, I'm outside on the tracks for the moment
  • #101,457
  • May 27, 2009 7:36am May 27, 2009 7:36am
Quoting SpecialEd
Because that's 50% fib on retrace? Sorry, comparing notes, and yours are usually better for bi-directional trading. Thanks Notch.

Edit: You answered it. Thought so, thanks.

Yes. I'm bearish but I had to respect the EW reversal (retracement) signal.
  • #101,458
  • May 27, 2009 7:37am May 27, 2009 7:37am
Quoting notch
50% retracement of the entire ew move (forgive capitals.)
Thanks, makes sense. A small number of sell orders in that area also.
  • #101,459
  • May 27, 2009 7:38am May 27, 2009 7:38am
Quoting Atlast
Why that level Notch?
It also meets the descending trendline and fits in with the one hour forecast I posted earlier.
  • #101,460
  • May 27, 2009 7:39am May 27, 2009 7:39am
Quoting F.x.
Sounds like you already know what I was trying to say then.

The only thing I'd add is that even though "theoretically" you should have the same results if you scale down and trade the same ratios on the smaller timeframe, you actually won't do as well. This is because fluctuations on the smaller timeframes are much larger compared to fluctuations on the larger timeframes. (Basically, you can scale down your position size and RR ratios and trade the smaller timeframe, but price action doesn't scale down in the exact same percentage......
Agree that shorter timeframes have much more noise than higher timeframes

My aim is to capture high R multiples. i.e risk 6-8 pips to capture 40 pips = 5R or 6R

I also have an aggresive b/e strategy whereby once i'm in a position i actively look to move to b/e within 3 bars of entry on the timeframe I enter on.

Will post broker account results after I get good sample size of 100 trades.

Shit, now i have to make short timeframe trading work
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