True, there's nary a sight more beautiful than a trade with a 5 pip stop and a 5 pip trail rocketing away for 30+ pips whilst you sit back and eat jam on toast...
Not that good so I won't bother, it was more to do with AIG and the insurance industry that anything else, or maybe I missed the point....
Done for the week. Went back to my old strategy of s/r plays, dropped the short swing ideas. I'll look at it again as time goes on, but last week (-502) didn't quite work for me. Regardless, 14 trades this week, 12 wins 2 losses for +414 pips. Have a good weekend, I'll be checking for any spam to shoot at! David.
I was wondering the same thing haha. I've been posting my ideas in the Idea Origination thread and don't feel like doing both. That's why I'm gone.
I've just been reading it, nice thread! I guess David is out spending some of those 414 pips he made last week
I'll tell you how my week is going. Better yet, the pic below explains it. Went long on trendline bounce, AUD/USD, put in a stop below s/r line at 0.6554. Price touched 0.6554, stopped out. Cheese eatin' sonsabeeatches! I could have set it lower, but was looking for a bigger move up, and price collapsed anyway. Will prob finish the week down a couple hundred pips, but, "You order shit, you eat shit". Didn't I say I was going back to those s/r bounces? I gotta write this stuff down. How did you guys do?
Still alive but cutting back my trading, also focusing on simple S&R plays. I'm down more than 9% since October 08, trying to crawl back.
Anyone thinks EUR.USD has bottomed here? I've been waiting for it re-test 1/23 low of 1.2777 but it looks its forming a bottom here at around around 1.2880