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sam0182 replied Mar 27, 2013Keep an eye on GJ @ 142 Joey. Obviously, with these yen pairs, wider stops are recommended, especially with this level as it's a bit more of a range.
S&R short term bounces
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sam0182 replied Mar 27, 2013SL & TP, you'll have to do your backtesting and see what works best for you. I don't use any studies. Acct risk varies for me, 1-3%/trade. I'm not a fan of breakeven trading but that again boils down to your backtesting and what you've proven works. ...
S&R short term bounces
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sam0182 replied Mar 27, 2013Joey, keep an eye on AUD/USD @ 1.0422 range for a long bounce. You'll see what I'm talking about.
S&R short term bounces
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sam0182 replied Mar 27, 2013- Drawing lines, idk...I just look for levels where price has reacted, as reflected in the charts shown in this thread. A lot of time watching charts and 100+ hrs backtesting actual data. I'd recommend backtesting tons, you should pretty much be ...
S&R short term bounces
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sam0182 replied Mar 27, 2013I agree fully with Findus. The higher time frames work as well but with it will bring larger volatility around the level. When looking at the shorter term levels, your stops can be brought in significantly and the setup will play out in minutes, not ...
S&R short term bounces
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sam0182 replied Mar 27, 2013I'm just pulling for small moves Alex, 10p here.
S&R short term bounces
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sam0182 replied Mar 26, 2013Yep, caught a chunk of the move. EJ was the big winner, wish I would have left some of it on for the run.
S&R short term bounces
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sam0182 replied Mar 25, 2013Traded EJ tonight. Re: AU, was hoping for a shot at the lower level but never got there. Perhaps later this week. GL tonight.
S&R short term bounces
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sam0182 replied Mar 22, 2013Stop selling Findus, I still need this gap to close
Nice work on the trade.S&R short term bounces