Yes, I thought so, our styles seems quite similar. I've just taken some off at the 70-80 level (this 15m bar looks like a real bear / rejection bar), because of obvious profit-taking at this level, but am scared to go short here, because this looks like a very powerful uptrend. Profit-taking fair enough, but fading this I think would be folly. I want to see a real reversal sign first before I pick a top. Prints? I get them over eSignal. As for mkt, lmt, you can only see that in context. If I know Baruch went short, and there's a red print, I know it's a strike, which means he probably went at market. If it was green, I would assume someone lifted his offer, in which case he must've had a limit... As for AUD, CAD, yes I only trade them for swing / pos as well. I usually only trade EUR, GBP, some JPY intraday. And of course ES, ER2, DAX.
Thats what I thought about the prints. I just look at where they go off (bid or offer), but it means the same thing as mkt, etc. I agree about the yen, but like the R/R. Still sht euro. Jay
Damnit, I was distracted and oversaw a brilliant, super-low risk re-entry opportunity to double that GBP short at 1.8014... I missed an easy 20-30 pips... Damn, damn, damn. *bitchslapping myself* Remaining Short EUR 1/3, Short GBP 1/2, Long JPY 2/3.
No loss - no gain - no pain. But I was not quick enough to take the sell signal. The system is OK, but you must not be sleeing, when trading GBP/USD.
You need to backtest the $hit out of your system until you have the confidence to take every signal it makes. If you don't do that, and try to cherry-pick your trades, you will most likely lose, even with the best system. You simply can't know in advance whether a trade is gonna work or not. Don't walk into that trap of all traders. Just relax, stop second-guessing and let the edge work for you. I don't second-guess. I just execute. My current trade standings: GBP Short: ~ +55 T EUR Short: ~ +70 T JPY Long: ~ +200T