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PeterE replied Jun 21, 2012sell 1.2657 @ 809 GMT SL 1.2675 (-5%) TP 1.2603 (+15%) not sure if stochs were correct at 708GMT signal bar!? plus more red news just around corner .
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PeterE replied Jun 21, 2012i have a break of "bias zone" low by a mere 1 pip 731GMT, (offsetting buy signal at 733GMT), combined with not so good news, plus overall market bias i think is down, (although our opinion does not matter with this strategy!)..........so when we can ...
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PeterE replied Jun 21, 2012yes, i will, but i'll wait for a signal that is clear of red news
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PeterE replied Jun 21, 2012evening i think so.........either way, a signal will appear before the session is over
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PeterE replied Jun 21, 2012it hasnt been discussed yet, but imho, best not to trade around red news .
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PeterE replied Jun 20, 2012Clive thanks, yes the trade survived by just 1 pip. The SL position is explained here. And SL application for me, with this system, is discretionary at present; although I maintain the 1:3 RR rule.
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PeterE replied Jun 20, 2012I placed it 3pips below the low of the 2hr period used to generate the sessions bias; penetration of that low, according to the rules, is a reversal, ie. shorts. ………although it doesn’t look like its going to help me.
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PeterE replied Jun 20, 2012as we are discovering there are many ways to interpret my take
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PeterE replied Jun 20, 2012stop position is the one variable of this system that i'll probably apply with discretion
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PeterE replied Jun 20, 2012Yes, applying discretion (and experience) will change the traders results. And including them confounds our ability to accurately measure the “systems” profitability. Which defeats the purpose of the thread……….because we are not all measuring the ...
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PeterE replied Jun 19, 2012i see what you have done, but how to turn this into an objective rule for future application for your system, i'm trying to weed out discretion, hence i saw only a buy as posted earlier
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PeterE replied Jun 19, 2012tol, if you can find pairs that consistently outperform euro then great, i look forward to knowing which ones, with stats of course
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