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- mcornbill replied Feb 16, 2011
Hedging today has saved me from a 50 pip loss on cable. Am currently trailing stops at fib points on cable buy from earlier @ 1.6088. However I do have to agree with you chazzle. Can get into more of a mess hedging than just taking the hit. My rule ...
- mcornbill replied Feb 16, 2011
I wouldn't yet mate, still showing a downward ALF-MTF at my end. It helps keep me out of impulsive top / bottom picking, looks like it might be correct again here.......
- mcornbill replied Feb 16, 2011
Waiting for 23.6% fib level to be broken, high-low swing from today, which it is currently making it's mind up over now. If it breaks to upside, and my ALF setup says long then the short position will be closed. If it shoots down again off this 23 ...
- mcornbill replied Feb 16, 2011
Still going, check Bloomberg TV online Phanti.
- mcornbill replied Feb 16, 2011
It's news trading Wengon, we've both just said the same thing here. 25 pips banked on the short, 80% of position closed, left rest to run and stops to BE. The perfect news trade :-D
- mcornbill replied Feb 16, 2011
OCO's placed on cable, BUY @ 1.61638, SELL @ 1.61167.
- mcornbill replied Feb 15, 2011
Won't be shorting this now until after 6pm. Credit to the lovely Laguerre filter that stopped me impulsively shorting at 1.6114. Hopefully jump on the slow drop that tends to happen during no man's time (7pm onwards). Peace out guys
- mcornbill replied Feb 15, 2011
Will look to enter short if ALF gives the signal: image
- mcornbill replied Feb 15, 2011
Nicely nicely Chazzle.
- mcornbill replied Feb 15, 2011
Horrendous losing short from January now closed, all equity released (what was left of it lol!). Managed to take two longs earlier @ 1.6027 & 1.60594. Closed at 1.61 & 1.6111 respectively to slightly ease the pain. Also looking for opportunity to ...
- mcornbill replied Feb 14, 2011
I'm hoping so phanti, I have a short from 31st Jan that I've been waiting to salvage.
- mcornbill replied Feb 14, 2011
US session is either going to continue this south movement or reverse, don't reckon it will go flat.
- mcornbill replied Feb 14, 2011
Hold tight lads, thar she blows!
- mcornbill replied Feb 10, 2011
In hindsight....... — Wished I had paid attention to the hourly macd divergence. In fact the dip in between these two marked also reinforced it. image
- mcornbill replied Feb 10, 2011
Agreed PhAnTi I literally have been raped by cable the last few weeks, with no lube So much money lost due to hedging becasue of these sharks, bar stewards!!
- mcornbill replied Feb 9, 2011
USD-Bear I like your style mate. So use the Dollar Index on the 5 hour timeframe in correlation with the currency pair you're trading. You saw possible support at 77.72 on the DI, and after a over extension of price long on cable you decided to ...
- mcornbill replied Feb 9, 2011
Cable being squeezed into a triangle on the 4 hour now. image
- mcornbill replied Feb 9, 2011
Indeed, and a long spike to catch the news traders out.....
- mcornbill replied Feb 9, 2011
Hi mate This is a variation of the London Surge strategy I was taught at one of the trading seminars last year however you look back at the open price. Simple yet effective . I will say that myself and my trading buddies have backtested ...