Recent content by traderhf

JS, after your last post, price went above your stop by around 10 ticks, however after that it reversed and continued down, reaching below 1.295. As it was to be your last trade before account blowup, I assume you wouldn't have stopped and reversed at your stop. I assume you might have waited...

rdg, I just stumbled onto your journal and I must say the discipline you showed was just phenomenal. I am curious if you are still trading this system and what prompted you to stop posting ?? What happened mate ?

If my market read is correct, you won't get stopped this time - EURAUD is going below 1.31. But where are you going to book profits on this down leg move? Whats your target this time around ? My sincere best wishes.

sure, understood.

Ammo, He has a real trading plan - no doubts about it. The point is his risk of ruin with this methodology is way too high. This kind of highly risky methodology only makes sense when he has other strategies concurrently running (hopefully in other accounts) OR money involved in this experiment...

On my charts, it seems that EURAUD broke 1.3216. Very sorry for your loss. I have closely followed your journey and am impressed by both your balls and your technique. However, its surely a very very risky methodology. Even if you lose a bit on this one, I am sure this nerve wracking...

Its been a modest week in terms of money being made. However, this week's performance deserves a comment. You know what I liked most about this week's performance Neke. That you had only one core discretionary trade. Being extremely choosy and trading less but higher probability/conviction...

Jump diffusion is very well known. Just that for trading vanillas, a practitioner looks at imp. vol computed from BS as BS is mkt standard for quoting vanillas both in equity, FX and rates world. Not sure about commodities though. For exotics, some desks use jumps etc. but its not prevalent...

This is a trading forum, wherein most of the guys either trade intra-day or automated arb/market making strategies or global macro trading. This is not a derivatives pricing forum. Just to educate you, you don't need jump diffusion to make money in the market and i will even venture to say...

Toby, I read on the Darvas system but never followed up - as I primarily trade futures. I am curious though how has the method worked over the last 5 yrs (assuming you have been trading it for last 5 yrs) How many hits, misses, % gains, % losses and drawdown - if you care to share...

First, congratulations on following a systematic and disciplined approach and managing to recover from a loss - I know the feeling - Now, you have in a sense proven to yourself the importance of doing your trading in a cold-blooded analytical fashion and the dividends such an approach can bring...

The point is gentlemen - Sound Advice is very rare, but it is even more rare that advice-seeker can identify sound advice from multitude of advices he gets and even if he identifies sound advice - its incredibly hard to follow sound advice - because sound advice can so many times be based on...

Neke, I have been following your journal with 'great' interest- never posted before. I also read your previous year's journal end to end. Good comeback this week. Just a word of caution for the coming week though (strictly from my personal experience) - Many times, I have had big losses...

Martin - JGBs near 0.8 level. What do you think - will the rebound happen or they are going to breach the support ? Thanks!!!

I could be wrong, but I am bullish generally on stocks. This week and last week's actions in all asset classes, globally has been driven by 1 factor - QE2 in US. There has not been any other factor that has driven any market around the globe - equities, bonds, swaps, ccys, commodities -...