OK, ... the first trade of new week closed in profit, so I'm ready for a next shot ...
... change of the entry ...
... change of the entry ...
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The System II (Yes with irony)
- #3,524
- Aug 10, 2009 3:39am Aug 10, 2009 3:39am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #3,528
- Aug 10, 2009 4:37am Aug 10, 2009 4:37am
I want to tell you that the trading volume here is very very thin many people are away on holiday.There are hardly any phones ringing
IMHO opinion there are two ways to look at this, firstly many people take August off and this includes big players within banks and bank clients, so the range as we have seen may become tighter.
Secondly, it is at moments like this when it is possible with volume to move the market, because of the lack of particpants. Anyone who has worked on the floor...
- #3,529
- Aug 10, 2009 4:40am Aug 10, 2009 4:40am
Hello and Good Morning,
Okay, you want to make this method even simpler? How about just pure representation of price action? Clear your mind of all the mumbo jumbo
that we have taken in over the years. Remember that our mentor Feb has said in the past that he does not even uses charts! Anyway, I am not putting down whatever you are doing but just trying to think out of the box.
Good luck to all.
Okay, you want to make this method even simpler? How about just pure representation of price action? Clear your mind of all the mumbo jumbo
that we have taken in over the years. Remember that our mentor Feb has said in the past that he does not even uses charts! Anyway, I am not putting down whatever you are doing but just trying to think out of the box.Good luck to all.
Unus pro omnibus, omnes pro uno
Hello and Good Morning,
Okay, you want to make this method even simpler? How about just pure representation of price action? Clear your mind of all the mumbo jumbo
Good luck to all.
I am fine with the method, I have no issue with it. I have traded using price for a long ime now, so that isn't an issue for me. My point was really connected to recharging and or doing desk work - preparation and learning - when the markets are slower due to participants being away on holiday.
Survive and Preserve
- #3,533
- Aug 10, 2009 5:19am Aug 10, 2009 5:19am
HI
I am fine with the method, I have no issue with it. I have traded using price for a long ime now, so that isn't an issue for me. My point was really connected to recharging and or doing desk work - preparation and learning - when the markets are slower due to participants being away on holiday.
My post was not replying to yours in particular although I agree with your idea.
Unus pro omnibus, omnes pro uno
- #3,534
- Aug 10, 2009 5:24am Aug 10, 2009 5:24am
... I'm getting more and more tired of this tight range trading ...
maybe it's not a bad idea to take a few days or a week break from this shitty market ...
but for now, a long once more ...
See you, ... maybe tomorrow???
This trade closed in 21 pips profit, so... the overall balance is not totally bad; three trades: two winers (21 each) and one loser 10 pips
See you, ... maybe tomorrow???
My bottomline is still negative today, ....cu the other days and good luck to everyone....
... long with 5 pips in profit....
- #3,536
- Aug 10, 2009 5:52am Aug 10, 2009 5:52am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #3,537
- Aug 10, 2009 6:07am Aug 10, 2009 6:07am
This trade closed in 21 pips profit, so... the overall balance is not totally bad; three trades: two winers (21 each) and one loser 10 pips
See you, ... maybe tomorrow???
Dare just sent you a PM, well guys I'm off for tonight also 1 trade closed for +17.4pips right at top of last range high, just didn't think it would break out any higher - good luck to all for rest of day.
For me this is enough to bank for today will see what turns up tomorrow.
