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  • #523,781
  • Aug 16, 2011 2:23am Aug 16, 2011 2:23am
Quoting sisse
Germany joining the sluggish economic numbers. Not good for stock markets that the last bastion of "decent" performance in the real economy is moving to the wrong side.

Euro testing high of the range in rejection of weekly highs in play but intraday daily range is not in reversal/rejection mode yet and left the door wide open for a test of current highs. Inflation in the UK definitively key and it will probably provide some action in Sterling.

A small tick up in UK inflation can mark a extended rally on the pound and cause collateral moves...
Thanks for the headsup on GBP Sisse. Will keep an eye on those pairs.

I have a question about your trading style. You seem to base your trades on the higher TF like H4, daily etc. I am curious how do you manage drawdowns? Do you use lower TF like M5 to manage entries, exits & stops?
We're all stories in the end. Just try to make it a good one.
  • #523,782
  • Aug 16, 2011 2:24am Aug 16, 2011 2:24am
Quoting Larseg
waiting for it to tick inn now, enough probability on my site...

its a 3d nerve cell
Gold is horny! Did you get some?

Chf is freaking me out!

Nerve cell...very cool! Thought it may have been a cool creature of the deep off your shores.
  • #523,783
  • Aug 16, 2011 2:29am Aug 16, 2011 2:29am
short at 1.4380
Trade What You See Not What You Want To See
  • #523,784
  • Aug 16, 2011 2:33am Aug 16, 2011 2:33am
Quoting Traderji
Thanks for the headsup on GBP Sisse. Will keep an eye on those pairs.

I have a question about your trading style. You seem to base your trades on the higher TF like H4, daily etc. I am curious how do you manage drawdowns? Do you use lower TF like M5 to manage entries, exits & stops?
No mate, don't use small timeframes for entries and in general except in very particular circumstances for stops and exits (i.e when trying to squeeze some last ticks, stopping me out [trailing stops in M5 swing] in remaining positions when H4 or daily has already marked a turn and I need to clear all].

A good entry PA wise has +/- the same drawdown in H4 or in M1 what it changes is how often and how soon do you trail your stop. IMO, there is a fake sense of smaller risk and drawdown in smaller TFs but is usually because of bad timing entries more than the TF you are using.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #523,785
  • Aug 16, 2011 2:35am Aug 16, 2011 2:35am
Quoting kenfen69
Gold is horny! Did you get some?

Chf is freaking me out!

Nerve cell...very cool! Thought it may have been a cool creature of the deep off your shores.

I have bought gold from 1000 no leverage though...

might be for the kids later on... if not real estate...
  • #523,786
  • Aug 16, 2011 2:37am Aug 16, 2011 2:37am
Quoting kenfen69
Can you name the four suits in a deck of cards, Ratty?

Hearts
Diamonds
Clubs
&
?

Piss off, snitch!

HE may speak 4 languages, none of them include common sense
  • #523,787
  • Aug 16, 2011 2:40am Aug 16, 2011 2:40am
Quoting Larseg
I have bought gold from 1000 no leverage though...

might be for the kids later on... if not real estate...

if they dont find charts interesting it will probably be real estate...

I were looking into greece actually but prices wen through the roof as people have soo much cash to place in there after the debt crisis...

have to be in europe, easy access for me when i come back there
  • #523,788
  • Aug 16, 2011 2:45am Aug 16, 2011 2:45am
Quoting Larseg
I have bought gold from 1000 no leverage though...

might be for the kids later on... if not real estate...
Oh right...I thought I saw you said you were off to trade some gold. Its late for me. Dozy bollocks.
  • #523,789
  • Aug 16, 2011 2:45am Aug 16, 2011 2:45am
Quoting sisse
No mate, don't use small timeframes for entries and in general except in very particular circumstances for stops and exits (i.e when trying to squeeze some last ticks, stopping me out [trailing stops in M5 swing] in remaining positions when H4 or daily has already marked a turn and I need to clear all].

A good entry PA wise has +/- the same drawdown in H4 or in M1 what it changes is how often and how soon do you trail your stop. IMO, there is a fake sense of smaller risk and drawdown in smaller TFs but is usually because of bad timing entries...

Yep it all comes down to the timing. I get a much better sense of the trend/PA in H1 but I still haven't got the hang of a timely entry based on H1. Need more practice (and discipline!).
We're all stories in the end. Just try to make it a good one.
  • #523,790
  • Aug 16, 2011 2:46am Aug 16, 2011 2:46am
Quoting Larseg
I were looking into greece actually but prices wen through the roof as people have soo much cash to place in there after the debt crisis...

have to be in europe, easy access for me when i come back there
Was looking at Greece in 2008. Nearly pulled the trigger, but life led a different direction at the time. Canada for now. Could be worse.

When are you heading back to Europe?
  • #523,791
  • Aug 16, 2011 2:47am Aug 16, 2011 2:47am
Quoting cloggie
HE may speak 4 languages, none of them include common sense
Pity...'cause its kind of a fundamental in all languages.
  • #523,792
  • Aug 16, 2011 2:55am Aug 16, 2011 2:55am
Quoting kenfen69
Was looking at Greece in 2008. Nearly pulled the trigger, but life led a different direction at the time. Canada for now. Could be worse.

When are you heading back to Europe?

Yea, I pay attention to the price a fair amount so I do trade it from time to time with leverage also

and sometimes oil, fits good with the stocks i am watching...

going to europe for good in 3 months time I hope...
  • #523,793
  • Aug 16, 2011 3:00am Aug 16, 2011 3:00am
Quoting Larseg
Yea, I pay attention to the price a fair amount so I do trade it from time to time with leverage also

and sometimes oil, fits good with the stocks i am watching...

going to europe for good in 3 months time I hope...
Good stuff, mate!

Big move! What about your GF? Does she go with you?
  • #523,794
  • Aug 16, 2011 3:01am Aug 16, 2011 3:01am
cloggie and ken, where do you see this going since the hourly just turned green?
  • #523,795
  • Aug 16, 2011 3:02am Aug 16, 2011 3:02am
Quoting Larseg
Yea, I pay attention to the price a fair amount so I do trade it from time to time with leverage also

and sometimes oil, fits good with the stocks i am watching...

going to europe for good in 3 months time I hope...

Nice one. The timezone does fit trading better here Just make sure you get a nice climate zone...
  • #523,796
  • Aug 16, 2011 3:07am Aug 16, 2011 3:07am
Quoting kenfen69
Good stuff, mate!

Big move! What about your GF? Does she go with you?

She can come and go as she want (on my visa) but you get tired of flying you know... she goes less and less home, funny enough she was thinking about staying longer...

I reckon its like that when the end is near...

She is hard on skype though
  • #523,797
  • Aug 16, 2011 3:10am Aug 16, 2011 3:10am
Quoting Larseg
Yea, I pay attention to the price a fair amount so I do trade it from time to time with leverage also

and sometimes oil, fits good with the stocks i am watching...

going to europe for good in 3 months time I hope...
Try Cyprus Friend,
wonderfull climate and the best of timeframes ever!!!
Thats where i am
  • #523,798
  • Aug 16, 2011 3:12am Aug 16, 2011 3:12am
Quoting Larseg
She can come and go as she want (on my visa) but you get tired of flying you know... she goes less and less home, funny enough she was thinking about staying longer...

I reckon its like that when the end is near...

She is hard on skype though
Yeah...long old haul flying to and from Aus.

It'll work itself out, mate...most things do.
  • #523,799
  • Aug 16, 2011 3:12am Aug 16, 2011 3:12am
Quoting stormtrader
Try Cyprus Friend,
wonderfull climate and the best of timeframes ever!!!
Thats where i am

hehe, been there 3 times... same hotel... park santiago tres

years ago since last time...
  • #523,800
  • Aug 16, 2011 3:13am Aug 16, 2011 3:13am
Not sure what to do atm, TA would say a bounce from M pivot .43914 to eventually retest R1 .44729 but fundie news is sure messing things up >_>;

Staying sidelines..
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