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I'm aware that averaging down is frowned upon, usually for good reason. However, if you enter too early and see the market continue when you expected a reversal, it may make sense to hold and add another position nearer the turn rather than take the loss as strict discipline would dictate...

Isn't the problem a bit deeper than that? There is no standardised FX contract, all traded currencies float freely and every pair combination is possible. i.e. what is your unit of measurement? All you have to go on is supply and demand for each pair which manifests in the price...

When price does no longer continues on increasing volume we have change.

How about trading what you don't see?

Whoa! There's a few things in my post which you seem to have missed: 1. I still make a complete hash of it sometimes, hence still simming. I'm not in a hurry and I put most of these mistakes down to a lack of concentration (distractions) or being cocky (predicting). 2. I specifically...

Not exactly: I don't yet link every turn. (I have noticed that my exits would almost always have worked better as reversals.) What I'm doing is training myself to get used to being in all the time (on the sim for now) volume / pace permitting. I'm not looking at the P&L, just making the...

Getting in ahead of volume is a good idea. So monitor pro-rata volume: PRV. Increasing volume => price trend will continue Decreasing volume => price trend will change Fast pace is low risk. Dry-up volume is high risk (what follows DU?). Price volatility (bar size) is proportional to...

ROTFLMAO! You have to watch that the empties don't roll under the brake pedal especially if you are driving through the Alps to the next stop (cans are safer than bottles in this respect). :eek:

I'll be watching these, among others, if strong PRV is showing: BTJ 37.45: indicators and pm BO FTK 47.39: continued dom traverse JSDA 11.39: watch for P3 resume TBSI 46.80: rocket - pm BO and GRRF 11.39: not sure about the after market BO. Is this useful to anyone?

We should take a look at DAX together sometime - see what we're seeing. :)

I could but it wouldn't mean much to you because you don't use volume. I'm going into town later, is there anything I can get for you while I'm there?

You can have a high eps ranking and still have last fiscal eps negative.

My solution to this is to get a large rs/eps list from stocktables into Excel. I use MSN deluxe to get a separate list of 200 shares matching the criteria for P, V, shares out (not float), eps and institutional ownership. I then compare the 2 lists in Excel using the =countif(range...

I guess that's why some traders prefer to be in all the time (within reason) so that they don't have to overcome this emotional obstacle: they are already in.

Staying on the right side of the market and taking action immediately you know you are on the wrong side (in your time frame). Next in importance comes compounding.

Thanks for the clarifications. There is no need to condescend or patronize. I did write "it looks like [you did this]" - I was seeking clarification, that's all. So in summary, yes you do project from P1. :cool:

You are absolutely right. See ya! :cool:

Fascinating. I take it you sit through retraces for a finite time, but your system generally protects you from being on the wrong side of a reversal because it is momentum (trend) based?

0%, in terms of RIMM shares and negative in terms of other, better performing shares. In cash terms you really need a handle on the risk free rate and the stock's beta to end up with a meaningful risk adjusted return calc. Then you could annualise it - hmm 360 or 365 days? - up to you. I'd...

How do you differentiate between continuation and change in P-V space? I guess you have to be sensitive to the speed of bar formation before, during and after turns. I do like cv charts, thanks for posting the examples.