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shellsnail replied Nov 15, 2013Two approaches. One with SL and one without. If you have time to watch the market 24/5 and babysit your trade, then by all means don't use a stop-loss. This is for the case of using limit orders. if you are using stop-orders to enter the market I ...
Trading Without a StopLoss
- shellsnail commented Nov 15, 2013
Another recession ahead...? Have we even recovered from the last one lol.
Empire State Manufacturing Index
- shellsnail commented Nov 14, 2013
hmm no issuance of bonds means they will use taxes and maybe revenue from QE to finance it?
Nikkei headline: Japanese government mulls avoiding bond issuance for stimulus
- shellsnail replied Nov 14, 2013
Bulls are dead if this dips below yesterday's high.
USD/JPY Discussion
- shellsnail replied Nov 14, 2013
Somehow I suspect we will see two digit soon. lol
USD/JPY Discussion
- shellsnail replied Nov 14, 2013
USD/JPY: short now, buy later. GBP/JPY: wait to buy on monthly retracement. CAD/JPY: look for buys on daily. E/G: look for sell on weekly. GBP/AUD: Look for price to hit first resistance on daily chart to sell. GBP/CHF: look for 4H OS to buy.
Somewhere to document my thoughts...
- shellsnail replied Nov 14, 2013
Experimenting with semi-auto trading
pretty good results so far.Somewhere to document my thoughts...
- shellsnail commented Nov 13, 2013
In economics lingo, it means below potential output/ trend rate of growth i.e. more room for easing/printing.
Yellen: Confirmation hearing
- shellsnail replied Nov 11, 2013
Main reason for being in EUR/JPY is more to HEDGE the risks of a collapse in the stockmarket...
Somewhere to document my thoughts...
- shellsnail replied Nov 11, 2013
I'm thinking we may get asian breakout today since NY session was basically nothing. Range can be as large as 60 pips for each pair.
Somewhere to document my thoughts...
- shellsnail replied Nov 11, 2013
2008 and 2009, 2003, 2002, 2000,1998, 1997, 1996,1995... too actually lol To travel from one point to another, it must pass through these levels. if you ask me, looks a bit like the mirror image of the 2002-2007 run up, during which price first ...
Cable Update (GBPUSD)
- shellsnail replied Nov 11, 2013
The upside is unlimited, while your downside is limited by margin call. After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made big money for me. It was ...
Somewhere to document my thoughts...
- shellsnail replied Nov 11, 2013
Expecting a 100 pip move down in EUR/JPY.
Somewhere to document my thoughts...
- shellsnail replied Nov 11, 2013
Closed and took the same short at a higher level.
Somewhere to document my thoughts...
- shellsnail replied Nov 11, 2013
Short GBP/JPY was impulsive and a bad trade. Was grounded in instinct rather than analysis. Took losses early. image Being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul. Always sell what shows you a ...
Somewhere to document my thoughts...
- shellsnail replied Nov 11, 2013
I've always wondered what it means to be RIGHT at the wrong time. If you are always bullish you are probably right half the time at the right time, and the other half the time you are right, just at the wrong time?
Cable Update (GBPUSD)
- shellsnail replied Nov 11, 2013
Short 0.5 lot gbp/usd filled at 1.59831
Somewhere to document my thoughts...