Dislikedwe usually dont have break outs in a ranging market, so we need a trending market.
in ranges we play ''sell high'' ''buy low''Ignored
You had better be ready for the Breakout when it comes... and it will invariably come.
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
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Trading 24 hours per day, 5 days per week 14 replies
Dislikedwe usually dont have break outs in a ranging market, so we need a trending market.
in ranges we play ''sell high'' ''buy low''Ignored
Disliked@ JohnnyBSmart:
I appreciate good advice and good sportmanship, and you seem to have both. But there are 3 keys points in your last post that I feel I must address before things get out of hand.
First is your statement that price rarely goes flat in a sideways manner that can be confined to a small box. I strongly disagree. It's true that my CZ's happen less often than your S&R lines, but since I'm not in competition with any other system it really doesn't make any difference one way or the other. We don't judge by how many CZ's we get, but...Ignored
DislikedNow almost 8:30 AM in Europe and still stuck in the CZ's range. Just waiting for a Big Dog somewhere to step up and make the market move. Eager to see what sort of volatility follows this range...Ignored
DislikedWhile we can take the bouncing trades between the range (sell high, buy low)... Which by the way I think are the riskier trades because you never know when the breakout will happen, so if you are going to do that you really need to have your risk management in place.
You had better be ready for the Breakout when it comes... and it will invariably come.Ignored