james16 Chart Thread
I generally risk 1% on a gap trade and attempt to pull 0.5%. I know this is negative R:R, however I have back tested gaps on all pairs that IBFX offers and have found that they close approximately 86% of the time. As I get better than 3 right for every 1 wrong, the R:R ends up paying positive in the long run.
Benji,
Yes, I ran a test on all pairs on the daily chart as far back as IBFX had data. The following came back.
By the close of the Monday bar, ~86% of the time, the Sunday Gap was closed. Please note this is back testing data, and can only be used for statistical and historical significance. What I mean is, there is no guarantee that this historical trend will continue.
However, I trade the Sunday Gap every week on GU and GJ, I ended up picking those pairs as they tend to have the largest gaps (Although there is not a gap every week). I would...
JMO.That's absolutely terrible...
Donated some money to the Philippine National Red Cross.
Prayers are with everyone over there I will donate as well. Stay safe....
Hey SC,
I saw the pics and videos...that's horrible...
Be safe bro.
I still don't have a bank account or credit card...any chance they accept donations via PayPal or AlertPay?..
Thank you Sir.
btw, I plan to join PNRC sometime in the future.
Thank you Sir.
Hopefully no more storms until the floods recede.
Unfortunately, i think they dont accept such donation/payment methods.
Donations &/or prayers are ok.
1 hour from now, i will go to the relief center & volunteer my time.
Probably i'll miss most of the big moves today (i already did miss some) or this whole week.
again, Thank you ALL.
New homes and durables were disappointing, so people are worried that perhaps they have been a bit too optimistic and got carried away with the whole 'everything is fixed now!' thing...risk appetite is headed back down, and so people want out of the carry trade (which has a rubbish differential at the moment to begin with)... so they dump the aussie as soon as they could.
Everyone is pretty much waiting for Tokyo to open and then take a lead from them.
Or, to put it simply... bearish outside bar
Lookin forward to a flood of Ben charts!
You have the answer to everything lol.
I"m planing to practice some "rac trades" (PPZ blind touches....I'll add div as well) this week on the higher TFs
I'm trying to fix that, I swear
Excellent. I really dig your charts, not many people really go into their thought process in so much detail (to be honest, I'm not sure many people think about it in such detail to begin with...)
I'm still in the 'Ben = Mike posting from a second account' camp
I always look for ways to increase my R:R by playing retraces or half stops, etc..
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But I must admit I'm playing much more aggressively than him
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We've ALL gotten pickier with time. ...Don't worry, you will too. LOL ...You can't escape it.
Agree with your Clean charts = Clean mind too.
agree highly with both these statements. Mostly because both apply to me very much
...Even though my definition of a clean chart is a little different than some of you at times. lol
Excellent.
round numbers, trend direction and div. Not always you get the three of them though. A three of them with an established PPZ will be an A++++ for me.
That yellow PPZ is going to be troublesome... IMHO of course. Check it out on the daily - I say, there are better places to place a bet - if you are looking at the table.
RAC might just get his wish and and the UC will float up a bit - but not like he wants - not yet... December perhaps.
Here you go...
rac trades...
Here are some charts..
), you may get places with your trading.
not exactly...
keep doing what you doing b.
If army and college doesn't change you (It certainly will
Ha that was a good bet!
....is this a break of a PPZ?
....college? I don't think I want|need that!!
(no millions for you, everything gone to charity)
I have mercy..
No, it was (trigger) retest of area where equities broke lower (YM). Same = true for ej. GJ = different, long story
too bad b., lucky you're not my son..
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