Comments on: Succesful 155.90 break

By: Monster

Monster — Wed, 08 Jul 2009 20:00:51 +0000

Got the reversal off of yesterdays big moves, placed my entry above the doji right after the long wicked candle, bc that line held back the large move for a while before continuing down, and thats how the ebook and the ‘trade for noobs’ 2 weeks ago pointed out, got 60 pips

By: Monster

Monster — Tue, 07 Jul 2009 12:51:45 +0000

Question to more experienced Nick B users:

152.96 was the turn around point for the last swing down, so would that line act as a scalp line? and if so, would the break of that line have been a failure?

Thanks in advance

By: futureBLESS

futureBLESS — Tue, 07 Jul 2009 03:11:14 +0000

I put a line at 155.90 while price was 20-30 pips away, i look away for a few a minutes and BAM, totally missed it. I want to thank you though. I will definently pay more attention next time.

By: Shawnna

Shawnna — Tue, 07 Jul 2009 00:58:30 +0000

I got 40p. I exited early because it triggered during the Asian Session on a Sunday. I didn’t know if it would cont. down.

By: NickB

NickB — Mon, 06 Jul 2009 22:34:58 +0000

I tried the reversal and got -50 pips. It was failed trade.

By: NickB

NickB — Mon, 06 Jul 2009 22:33:41 +0000

@ekowi:

Since travelling I have not been trading full time. Now that I am settled down here in the UK I have resumed full time trading. I have been trading full time again for two weeks.

By: Monster

Monster — Mon, 06 Jul 2009 18:46:07 +0000

found a cool article thought I’d share re: lack of trending markets

http://www.bloomberg.com/apps/news?pid=20601213&sid=a4znXuJFbQz0

By: Monster

Monster — Mon, 06 Jul 2009 18:06:46 +0000

Hmmm weird…I snagged 47 pips off the reversal

Got in @ 153.93 and out at 154.40

By: ekowi

ekowi — Mon, 06 Jul 2009 16:27:42 +0000

“I explained that I look for PERFECT trades because I only take 1 trade every 2-3 weeks.”

Hi Nick. Thanks for all your excellent advice and insight.
Regarding your above statement, does this mean:
(a) You no longer trade full-time for a living?, or
(b) You can live off one trade every 2-3 weeks?, or
(c) You trade a number of different methods?

I’m trying to understand if those of us who trade most of the good-looking breaks that occur are guilty of overtrading.

Thanks.

By: vinomaker

vinomaker — Mon, 06 Jul 2009 14:59:55 +0000

I sold 2 GBP/JPY contracts at 155.45 and bot at 1.5340. Very nice 410 pips over night.

Also sold 2 GBP/USD contracts at 1.6300 and bot at 1.6180. Very nice 240 pips over night.

total gain $650.