EU broke down nicely - now just need to sit and watch what price does next... image

Trade with 60

you're a daily trader subscriber are you not Geary? (if so pm me your email) I am selling this method so I only wanted to show the entry and logic here...

Trade with 60

anybody else do this?: "I hope it doesn't close down here, because the rules will say short and I really don't like the look of a short here!" pretty much go through that sort of mental rubbish on every entry, of course now I take the trade whereas ...

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I refer the gentleman to the post I made a few moments ago - those judgement call's are a bitch eh!

Trade with 60

Hi s8... let us take a step back and consider a few things... the reason human beings find trading so difficult is because of how we make decisions in uncertain environments - even with a winning strategy we find it nearly impossible to let the odds ...

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my EU hedge was resolved with a -32 on the short and a +55 for the long... I love it when they do that... onwards! image

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yep you nailed that one T....

Trade with 60

GU +61 -29 an ok start for the week... same plan tomorrow image

Trade with 60

it is a nice part of the strategy - I think the real power lies in the complete lack of discussion needed - no analysis for tomorrow, no decision on trend or bias, no wondering if one price action set up is more valid than another - just trade the ...

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yeah, nice hold on the hedge T

Trade with 60

stop and reverse I will do also, if you look back at last weeks posts I closed the long and took the short (essentially the same with a 2/1 hedge) - the important think to grasp is that (despite what most people will say) we always have to make a ...

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yep, correct Jay... When the hedges are wider it is possible to win on both - but they are the least common outcome, along with losing on both. The purpose of using the hedge is to do with decision making - it feel's wrong and that is a natural ...

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Hi Jayhong, yes I took the low and now I am hedged from the high - I try to reduce the excluded days to a minimum for nothing more than the fact in backtesting I exclude no days and the results are positive. (also last monday was a UK holiday and a ...

Trade with 60

yes you are right, I include Frankfurt, I should really say start of the European session - just so used to calling it London. That being said over a large series of trades it would save as many losers as winners and even out. sorry for the mistake!

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I use a breakout of the reversal bar for the entry. 1. coming from new low or high for the day (most likely to find big orders entering the market at these prices) 2. price to close in the direction of trade (indication of orders entering the ...

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the entry is a breakout of the red bar - that's all, everything else spot on!

Trade with 60

[quote=gearys;8476138]Good Morning 60MM, Nice trade. I presume your entry was the next bar break up of the engulfing pattern of that support zone there? Would you have a re-entry criteria now or with such a large initial move are you more likely to ...

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a gift on Monday morning, foolish not to take the 60 pips after such frenzied buying image

Trade with 60

morning 'studio

Trade with 60

GU long off the new low image

Trade with 60