Disliked{quote} My humble opinion, never trade against the Boj or any Central Bank, Lines ares useless...Ignored
- #2,385
- Nov 3, 2014 5:45pm Nov 3, 2014 5:45pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
Fireworks are fun ... as long as you don't blow your fingers off.
i am always scared when it gets to this point.
when a pair is topped out, it just looks like it is gonna keep going on forever up.
but it wont.
it will soon fall.
i do admit that i play it way too hard and way too quick.
but, i do that on purpose.
i want to see how far this pitbull can run before it reaches the end of it's chain.
so i toss it a piece of raw meat and i measure how far it runs.
ie, i feed it the majority of my margin to it and i let it go.
notice that i cut the margin up into small even pieces before putting it on the table.
i started adding margin when my indicator said that i am nine above target.
we are now at +23 above target.
see what i am saying?
the mathematics of the foreign exchange has a few things in common with a standard rubber slingshot.
it tells me where the center line is and it has room to stretch.
we are now at +23.50 above target.
now, it's rock and roll time.
happy trading,
zero/.
.
.
when a pair is topped out, it just looks like it is gonna keep going on forever up.
but it wont.
it will soon fall.
i do admit that i play it way too hard and way too quick.
but, i do that on purpose.
i want to see how far this pitbull can run before it reaches the end of it's chain.
so i toss it a piece of raw meat and i measure how far it runs.
ie, i feed it the majority of my margin to it and i let it go.
notice that i cut the margin up into small even pieces before putting it on the table.
i started adding margin when my indicator said that i am nine above target.
we are now at +23 above target.
see what i am saying?
the mathematics of the foreign exchange has a few things in common with a standard rubber slingshot.
it tells me where the center line is and it has room to stretch.
we are now at +23.50 above target.
now, it's rock and roll time.
happy trading,
zero/.
.
.
- #2,392
- Nov 5, 2014 6:58am Nov 5, 2014 6:58am
- | Joined Apr 2014 | Status: Trader | 1,049 Posts
i am always scared when it gets to this point. when a pair is topped out, it just looks like it is gonna keep going on forever up. but it wont. it will soon fall. i do admit that i play it way too hard and way too quick. but, i do that on purpose. i want to see how far this pitbull can run before it reaches the end of it's chain. so i toss it a piece of raw meat and i measure how far it runs. ie, i feed it the majority of my margin to it and i let it go. notice that i cut the margin up into small even pieces before putting it on the table. i started...
{quote} Well said.
I have no idea what time frame he is trading, but as a general rule of thumb you dont want to put yourself in this type of situation...ever...
