I read your articles in the website, and this is really interesting. Thanks for sharing.
Just wondering (1)how often does this large tick happens?
(2)how large is a large tick?
Thanks again for sharing :-)
Do you have some demo or real account where the results of this strategy are exhibited?
I don't see any links in this thread. But how can anyone decide what's the potential profitablity without seeing such an account?
Do you have some demo or real account where the results of this strategy are exhibited?
I don't see any links in this thread. But how can anyone decide what's the potential profitablity without seeing such an account?
Ignored
I have real account but it is wrong to watch another trader's account. People are different and there is no guarantee that you will be as good or as bad trader as someone else. You should learn the markets, find your strategy and follow it. DOn't care what others do.
I read your articles in the website, and this is really interesting. Thanks for sharing.
Just wondering (1)how often does this large tick happens?
(2)how large is a large tick?
Thanks again for sharing :-)
Ignored
Thanks Dynamics,
I define wheter a tick is large when it is compared to the previous ones. For example if the currency pair approches a support level with 0.3-5 pip ticks, and then bounces off that level with 1.5-2 pips ticks I assume that someone is buying in larger ammounts. It happens almost every time when a major level is tested. This is how the market works.
I noticed a significant divergence between ft100 and GBPUSD recently... just don't understand...do you have any idea what is happening? Thanks :-)
Ignored
Sometimes I see divergence even between DAX and FTSE which is strange. Unfortunately I can't use the corellations in the last few weeks. Probably a lot of money are invested in stocks since the start of the year and this is causing divergence. VIX is at extremely low levels.
I've missed the entry at 1.3360 and have to build a position above the broken big figure. This time the initial stop of the average position was 9 pips.
I've missed the entry at 1.3360 and have to build a position above the broken big figure. This time the initial stop of the average position was 9 pips.
I have been trying to observe the tick behaviour on GBPUSD (which is my focus), and observed quite a lot of big ticks of around 1 pip or larger when major resistences are reached. Going back to EURUSD, such a large tick are not quite common? At least I didn't observe a tick larger than 1 pip at the beginning of this big EURUSD up move (there were few ticks change around 0.7-0.9 pip)...so just wonder 0.7-0.9 pip tick is large and indicating big money? Thanks
I have been trying to observe the tick behaviour on GBPUSD (which is my focus), and observed quite a lot of big ticks of around 1 pip or larger when major resistences are reached. Going back to EURUSD, such a large tick are not quite common? At least I didn't observe a tick larger than 1 pip at the beginning of this big EURUSD up move (there were few ticks change around 0.7-0.9 pip)...so just wonder 0.7-0.9 pip tick is large and indicating big money? Thanks
Ignored
You are right Dynamics. Usually a big tick in EURUSD is larger than 2 pips. For the last few weeks such ticks are rare. I don't read much about Asian sovereigns buying and I suppose this is the reason. The other market participants are entering with smaller orders. I don't trade GBP for more than a year.
