Do your time and enjoy the ride...
- #559,062
- Nov 7, 2011 9:57am Nov 7, 2011 9:57am
- Joined Nov 2011 | Status: That ol´ grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #559,063
- Nov 7, 2011 9:58am Nov 7, 2011 9:58am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
Don't you just love days like this?
i done all my pips during the Sunday night trade though
When life gives you lemons, make lemonade
- #559,064
- Nov 7, 2011 9:59am Nov 7, 2011 9:59am
- Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts
Back in after taking a hit on shorting 2nd to last wave..And hit her hard with confirming doji, stoch cycle,S/D and a stall on the s&p and usdx all together to boot...
Targeting HG S/D zone (base of pole or wide rang bar for some , let others run..
GL!
- #559,066
- Nov 7, 2011 10:02am Nov 7, 2011 10:02am
Going to set TP at 1.370 somehow I don't think it will get to 1.367
Also i'm impatient one of my downfalls
- #559,068
- Nov 7, 2011 10:06am Nov 7, 2011 10:06am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
As always, Cloggie covers and we bounce 20 pips.......
Hero calls followed by margin calls...
- #559,069
- Nov 7, 2011 10:08am Nov 7, 2011 10:08am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Am gonna have to write some code for that one, Cover and take a 20% trade opposite immediately, no questions asked.
- #559,075
- Nov 7, 2011 10:12am Nov 7, 2011 10:12am
- | Joined Jan 2010 | Status: Trader | 1,012 Posts
3746
Took awhile to figure that one out. Yeah...good cover i guess!
Covering for 60. Wanna see what the fix is doing, not going to carry trades through the fix on a Monday.
... let's see what our inbred cousins have in store for us. Like to get one more decent 60 pipper out of them this eve.
I had the scene from Deliverance in mind.
Do your time and enjoy the ride...
google gave me london spot fix but thats for metals i thought he covered cause price reached a new demand area
- #559,080
- Nov 7, 2011 10:25am Nov 7, 2011 10:25am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Oh i see now...U covered because of the 'equilibrium' thingy?
Price always reverts back to a mean during a day, unless there is a mass stampede caused by some serious news. Finding that mean keeps you on the right side of the moves, you either trade away from it or when it returns back to it. I tend to trade both directions. I rarely have a bias for the day.
We have been playing the same mean since last week, there is no significant news to change it yet to set up a new trend from here on out. We are ranging on the higher TF's and finding the pivot of the range, then using the lower TF's for your entries and exits is key.
Currencies range a heck of a lot more then they trend, just look at a weekly or monthly chart, since the 08 drop, we have been playing the same darn range over and over again. We do get the occasional longer run, but even they have a mean, they are more diagonally then straight lines though, the pricipal still works.
I covered at 46 for a reason, and guess what, we are still here. This is the suckers play, this is where the retailers lose their shirt trying to anticipate a move and keep getting stopped out, only for the price to get back to their BE or even a few pips in profit. This is where the real traders make a cup of coffee and watch the show......