FESX looking to tag the PD VPOC.
Gotta love a DPOC shift in your trade direction! FESX now 2486...
Well there's 91 tagged...
Next stop 2500....
potus needs to show some arrogance...stop giving pussy responses or romney is going to win......
anyone got a handle on Japan release times today ?
where to DAX ? ......small series of higher highs in the cash ....just stopped at ratio resistance......suspect waiting the non-farm release.......looking to BTO above 7355......
dax, next blow-thru 7375's .....that'd be nice.....
i'm thinking, a little proviso in here, although i suspect i'm wrong this time around....in previous occasions when futes lift just 30-40 mins out from a major release like nonfarms or ism's/ppi's etc ....the lift usually assists/set-up shorts....v.v for longs......weaks on the wrong side
huh?Fari Hamzei @HamzeiAnalytics
Good Morning All .... welcome to the most critical NFP trade in the history of the most powerful empire
starting from today I'm trying to get back to basics and have a decent go at a few things, mainly understanding and implementing positive expectancy, need to learn more about time and breadth analysis and getting my head in the right spot as far as thinking about only being as good as my average, concentrating on minimising the losing side etc.
This is from the morning session of the HSI, just on sim obviously. Wouldn't mind others opinions about how this looks as far as results go, trying to fully understand positive expectancy, I focused more on my averages today, kept an eye on avg win/loss ratio, rather than T/A patterns etc.
I know its only one session but might as well get stuck in and find out what I can improve from the get-go. Main problem I feel I had today was when I had a runner going I was trying to concentrate on my stop loss, and when to move it, I moved it once I got to 1R so I locked that in, then 2R and so on, but not sure when to take it off and move it, say I'm up over 2R and it's hovering around 3R, do I move it there as soon as its beyond it, but that would be at risk of getting taken out straight away and I could potentitally miss a 4 or 5R winner?
Too much trading. If you told yourself you only had 5 trades per morning sess how would you trade it? For a start you wouldn't go chasing moves. You would take trades based on expected range and anticipate that you'll be in trades for some time while managing your trailing stops until it extends and builds a decent R:R.
"All I Want in Life is an Unfair Advantage"
and yes I know, I actually want to try some longer term trades, hold for a day or two to see how it goes, but I thought I'd have a go at honkers today and got carried away I guess, trying to figure out some kind of structure to base larger trades on, I'm used to banging away one trade after the other