Ghost of If You Can Draw A Straight Line

Discussion in 'Journals' started by dbphoenix, Jan 1, 2014.

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  1. SIUYA

    SIUYA

    #571     Apr 3, 2014
  2. niko

    niko


    It would be nice to see someone trying to apply SLA to EURUSD, from what I have seen is pretty messy. But.... One never knows.

    I assume that by his background he is not planning on executing his trades through a bucket shop.
     
    #572     Apr 3, 2014
  3. Hey Toby, Tell the young man that he has my most sincere respect! How does he raise funds?
     
    #573     Apr 3, 2014
  4. When did you draw that line, and what is the earliest time one could have accurately drawn it without drawing another line?
     
    #574     Apr 3, 2014
  5. dbphoenix

    dbphoenix

    Since the jobs reports will be coming out at 0830, I'll be in chat early. There may be a trade or there may not, but it's worth being there a half hour early.
     
    #575     Apr 3, 2014
  6. SIUYA

    SIUYA

    one problem with FX is the gaps can be pretty large, the moves occur very quickly, and they can be completely one way sometimes with not much in the way of pullbacks, and the whipsaws can be horrific around numbers, that can quickly undo a lot of good work.
    IMHO You would need a modified approach.
     
    #576     Apr 4, 2014
  7. dbphoenix

    dbphoenix

    .
     
    #577     Apr 4, 2014
  8. niko

    niko

    Thats also what I thought, although all of that is resolved when one uses EOD data, from what I have seen. But regarding intraday, perhaps Toby can prove us wrong.
     
    #578     Apr 4, 2014
  9. dbphoenix

    dbphoenix

    .
     
    #579     Apr 4, 2014
  10. SIUYA

    SIUYA

    Given the overnight market has rallied right to the base of the previous range (3642) do you give much significance to this?
     
    #580     Apr 4, 2014
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