Forex rebates on every trade - win or lose!

Hmm, Forex rule no. 1, what goes up keeps going up.

No position but was sorely tempted this morning to put a small short with wide stop without any basis or reason other than being overbought. Glad I didn't :-)

I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles
I must not tweak my doodles




.... just that those stochie things should've boiled dry by now.

Just got back in - stops were in place so no real damage - it took me out where I went in for zero - could have been painful - would have had to write out 100 times that I should not leave my positions open without stops - oh I see someone has already done it.

Feeling quite smug for carving out long some points today - should have left them alone but never mind - fireworks in a few minutes.

Ooooh that was fun - anybody play?

I nailed my hands to the desk - just pulled 'em out with my teeth - theoretically made a loada points - but not in reality.

Still in long but sweeting

Errm yes.

Gotta give it to that king kong - he's scary.

And out at 820

That was fun what with the platform locking up as well

Just as well mine did or I'd have pressed the thingie too soon :)

Well done guys - didn't have the bottle.

Gave myself no choice :S
Was in short and decided to stick it.


Hey Divetime, you finished skippering?

Morning guys,

looks like you all had a good day trading yesterday.

All this smalltime frame has got me screenwatching again !!

I have been looking at scalps on the 5 min charts, here is one from earlier

Ian

I'm fascinated by your charts, Bud, but I must admit to being confused by them. I've drawn my own chart. Can you tell me please whether I should be long or short?

:o)

I should cut out the breakfast voddie, Hil . . .

LOL

Hi Hil,

I guess it does look a bit like yours :)

Hi Buderim,

What are those colours and more importantly how do you use them...do we need some 'coke' to get the interpretation in focus!

Hi John,

I am a Pepsi man so I dont touch coke !!!

The colours are different moving averages , the more they fan out the stronger the trend is.

I use the black line crossing out of the bands as my entry which you can see on the previous chart .

It is just something I am playing around with

Ian

Chocolat still taking divers out weekends to the weather breaks,have been trying to learn this game for the last 3 winters but not there yet.

Hi Buderim,

Thanks your last.....please let us know if you think it helps....and how. I have tried to incorporate Updata into my trading for the last year or so, but it's not working out for me. Keep up the sugared water intake, whatever they say about health additives I think it's good for you!!

Hils...do you still use that complex system to add to positions when they are going in your favour or have you refined it since you last posted the method?

Thanks, John

You mean pyramiding? In which case the answer is both yes and no.

I've basically got 3 different strategies which employ different timescales. Recently, my lifestyle has changed a bit and I'm able to spend more time at the PC. Because of this I've started employing the faster charts (1-minute) which I've not really used that much previously. I'm obviously looking to spend less time in positions and the answer is an emphatic NO I don't add.

My slower strategy uses longer timescales and looks to capture much bigger moves of several hundred pips over days or even weeks. In those instances, YES I do add.

Psychologically, I've got an issue with being one side of a market short term whilst the other side of it longer term and am therefore tending not to use my slow strategy. There's nothing wrong with it though, and I think it's something that I need to address.