I promised something practical (not philosophical) but the idea-gauge is reading ‘empty’. I’m just going to have to post a chart. I’ll pick EUR/USD for its universal appeal, I know nobody outside this little island cares about December FTSE.
If you can’t decipher my charts/method/madness then the summary is (for a fixed risk per trade ‘R’, not its real name),
-R, 4.5R, 0R, 1.5R, -R, -R, +3.3R = ~6.3R
Yes, I got lucky with ISM. Yes, I failed to exploit it fully. Yes, that is a break-even trade even though I campaign passionately against them. Those are just three reasons why I won’t be doing this again, but I was desperate for content.
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November 2, 2009 at 8:17 pm
daytrader233
AHA! I knew you and Solfest were the same person. The B/E stop loss gave it away!
November 3, 2009 at 10:36 pm
long&wrong
That’s not a b/e stop-loss, they are for mugs, that was a probabalistic tipping-point for the trend.
Believe that, believe anything.
November 3, 2009 at 9:43 pm
solfest
Judging by the lack of comments after a rare look at an LW chart it becomes apparent that your ridiculously complicated charting system has obviously confused the natives.
Of course you cannot be held accountable for this as you are British, and therefore right.
Perhaps I may be of some assistance to my fellow colonialists with a brief explanation.
There are lines, there are candles, some lines are squiggly, some lines are dotted, some lines are straight, and some lines are not.
Upon review of the aforementioned ingredients our royal leader LW places an order at just the right time, in just the right place, and of course, in just the right amount.
He then heads to the garden and trims shrubbery until tea is served while we colonialists scream and yell at each other in the oh so very crude oil pit.
November 3, 2009 at 10:39 pm
long&wrong
^^^^^^ It’s just like he says
A smart guy, and runs a great festival… http://www.solwayfestival.co.uk/
November 3, 2009 at 11:27 pm
solfest
We are especially proud that Solfest has been nominated for the “prestigious” best toilets award.
November 4, 2009 at 6:19 am
Jules
not complicated at all. I see only 4.5R.
Englishmen are so blessed…
November 4, 2009 at 10:44 am
long&wrong
I felt dirty and exposed ever since I posted this
, I’ve been showering continuously, don’t know how you have the honesty/bravery/integrity to post your charts daily.