{quote} this lady has been cruel to me for many a day i took a couple of tiny shorts on this pair (stop loss of 1000 pips) on a macro rationale now, im no fool, i understand that macro trades can take months to pan out but ive basically been underwater from day 1!! some constructive risk management/hedging, and i have pretty much recovered my gross losses (on a net basis) but, i am waiting for the market to start pricing risk the way it "should" and then i'll have my vindication until then, opportunism is the word! and when that happens, expect...
Yes, thank you, I watched that very interesting Druckenmiller interview.
I have spent a lot of time trying to find some form of "predictive" methodology that I can use - I even spent a year with Earik Bean's esoteric Wave 59 software and in his forum. Finally I have settled on a simple intra day system that allows me to bank regular pips whilst the markets chop around, as they do for such a large percentage of the time, before having one of their big trending moves to a different trading range.
However, I still read with interest posts based on longer term trading and with the objective of catching one of those elusive range changing trends
Trading Levels with WRBs
