DislikedI bought me a VOLVO S60 2.0T. I will never drive anything else... Well, never is a long time... but it sure is a dream will last for a long time.
Hope yours too.Ignored
- #293,503
- Sep 17, 2010 8:26am Sep 17, 2010 8:26am
down we go for EU
am already short from 3100 just waiting for a close below 3040 in 4 hour chart so i can turn off my monitor and leave it for next week
USindex is getting strong and just broke the down trend channel
that what I like to see here..... good analysis !!! for more than 15m frame...
thanks,,
what chart /broker do you use for USDX??/
Buy low , Sell high
- #293,506
- Sep 17, 2010 8:34am Sep 17, 2010 8:34am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
Can you guys separate the effect of how well your system works from the effect of how disciplined you are with your risk management? But then it may be a stupid question if your risk management is an integral part of your system.
So, let me reformulate: with your risk management could you still be profitable with a 'crappier' system or your system could still be profitable under crappier risk management?
But that depends on if you think of SL and TP as a part of MM or as a part of something else, in the above i asume SL and TP are part of MM. If its not then: 4% in max stoplosses riding at a time is balanced i think, so if you asume a 3% steady profit each day, you just calculate how many pips you would need to catch each day.
And when it comes to that my thinking is: Since price looks pretty much the same, and since good thinking isnt much concerned with timeframes, why not utilize the smaller timeframes so you can sleep at night? This is a judgment quite general in its scope though, since i really think that M1 is perhaps 30-40% more predictible then D1, so i cant find any reason other then minimsing how much of my profits i pay in spread if i where to use D1 or some high timeframe, and thats not enough for the arguments against it.
My signature is: "Classified".
- #293,508
- Sep 17, 2010 8:37am Sep 17, 2010 8:37am
- Joined Oct 2008 | Status: sideline is a position | 105,210 Posts
What about 1.2040
...!?
those who can, do. those who cant, talk about those who can
- #293,509
- Edited 8:59am Sep 17, 2010 8:40am | Edited 8:59am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #293,510
- Sep 17, 2010 8:40am Sep 17, 2010 8:40am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
that what I like to see here..... good analysis !!! for more than 15m frame...
thanks,,
what chart /broker do you use for USDX??/
- #293,513
- Sep 17, 2010 8:46am Sep 17, 2010 8:46am
- | Membership Revoked | Joined Jun 2010 | 1,279 Posts
- #293,514
- Sep 17, 2010 8:47am Sep 17, 2010 8:47am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #293,515
- Sep 17, 2010 8:48am Sep 17, 2010 8:48am
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
- #293,519
- Sep 17, 2010 9:00am Sep 17, 2010 9:00am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #293,520
- Sep 17, 2010 9:02am Sep 17, 2010 9:02am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".