Attached File(s)
The System II (Yes with irony)
- #9,164
- Oct 14, 2009 3:28am Oct 14, 2009 3:28am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #9,170
- Oct 14, 2009 4:10am Oct 14, 2009 4:10am
Good morning,
Yes, it is a good morning...you are reading this thread right? I would like to share what I do in situations like the one we are facing atm....you know, what I like to call escalator brackets (up or down). Price action breaks the brackets then jumps back in and fakes us out...then forms another bracket and so on.. this can be stressful and whacks the energy out of you leading to mental lapses and errors. Okay, what I do normally is that I place my entries even further away...maybe 5-10 pips away.. I am looking for a strong momentum to confirm the move up or down. Now, whatever strategy you use has pros and cons..The pros is that you save yourself from numerous fakeouts and its consequences ..the cons is that you may miss a few pips if price decides to make a decisive move up or down.. either way you can still apply #1 or #2 or BB exit.... or like Feb says.... sit on your hands
Just something to consider.
Yes, it is a good morning...you are reading this thread right? I would like to share what I do in situations like the one we are facing atm....you know, what I like to call escalator brackets (up or down). Price action breaks the brackets then jumps back in and fakes us out...then forms another bracket and so on.. this can be stressful and whacks the energy out of you leading to mental lapses and errors. Okay, what I do normally is that I place my entries even further away...maybe 5-10 pips away.. I am looking for a strong momentum to confirm the move up or down. Now, whatever strategy you use has pros and cons..The pros is that you save yourself from numerous fakeouts and its consequences ..the cons is that you may miss a few pips if price decides to make a decisive move up or down.. either way you can still apply #1 or #2 or BB exit.... or like Feb says.... sit on your hands
Just something to consider.
Unus pro omnibus, omnes pro uno
- #9,171
- Oct 14, 2009 4:10am Oct 14, 2009 4:10am
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #9,173
- Oct 14, 2009 4:14am Oct 14, 2009 4:14am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Hey Feb, I got a couple of billion if you need?
ZWD good enough
ZWD good enough
OMG ...
What the hell you guys are doing in a market like this???
didn't U check the calendar??
Nobody is trading man!.....you won't have any pull if the big cats are sleeping.....all you have is a rough morning with the market up and down like a jumping bean.... and then on the news, this people are gonna try to slit their throats to each other...... so for me...I don't have the money to be in that league...better to stay off...
Unless somebody here has a least 1 bil to burn.....if so please PM me...
Survive and Preserve
- #9,174
- Oct 14, 2009 4:16am Oct 14, 2009 4:16am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #9,175
- Oct 14, 2009 4:18am Oct 14, 2009 4:18am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #9,176
- Oct 14, 2009 4:19am Oct 14, 2009 4:19am
Umm, lots of USD news in 1 hour and 15 mins..
But that's an hour and a half away.
I've managed to claw myself back to -11 for the morning trading a couple of pairs and a small contribution from that movement just then.
But with that piece of information from Feb I think I'm going to find something else to do for a while..
$urvive, Pre$erve &
RESPECT THE TEACHER 
- #9,179
- Oct 14, 2009 4:30am Oct 14, 2009 4:30am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
I am trying to draw my trades on the oanda charts (after the fact) , takes a lot of time on Oanda to do that , it doesnt save my entries when I close the chart so each time I open it I have to draw all my lines again.
, it doesnt save my entries when I close the chart so each time I open it I have to draw all my lines again.Thanks pal - time for the gym now for SURE.
Don't you ever sleep my man?
Survive and Preserve