Search results

swing trade using time charts!

If you use tick charts then you need to calibrate them properly. Each data providor is different so you need to work out what is the number of ticks/bar from your market data providor. Fib numbers are not good enough sometimes because everyone has different data sources/ways ticks are aggregated...

Before I was a trader, I was an english teacher in South Korea for a year and before that I was a yoga instructor for many years. I have literally taught thousands of people how to meditate, do yoga poses, dietary advise etc. and you know what? I lived on the poverty line all of those years...

Everyone sees the same thing slightly differently. What is a ZLR/trend pullback(tony trade/gb100) etc. on one timeframe is a divergence type trade on another (ghost/regular or reverse divergence/shamu/vegas trade). The former is bouncing of major support/resistance (MA,fibo,trendline,pivots...

http://www.woodiescciclub.com/patterns/thetonytrade/index.htm

Let's put it this way, in a trading week, if you and/or your system successfully picked every tradable twist and turn on the Euro in real time (i.e. the 20+ pip moves) would you show your methods to anyone? You think Kovner and Cohen would? Why? They know such stuff because they have been there...

Like any cult, the leader is often portrayed to be something he isn't, the followers who remain are interested in the organisational politics more than the trading (infact the longtime traders who remain probably trade very little), the newbs are all treated like dummies and anyone who...

Can't truthfully answer that until I've traded my first $ million+ in profit. I have no idea what my mind will be like at that time (assuming that day arrives). I don't play the lottery - so I will never win it.

illiquid it depends on the circumstances, I guess it depends on the traders personality profile, living circumstances and appetite for risk as well. The more agressive would probably go solo but some personality types would prefer having a steady income of sorts. Lifestyle is not going to...

Well spotted, actually it was the 1250, and the good ol one triple three, but it's been a while since i've used them.

Tick chart settings I have used (use) and/or know of: 1,3,5,8,10,13,20,21,30,34,50,55,74,75,89,100,108,126,133,144,150,191,233,250,300,377,500,610,750, 987,1000,1500,1597,2584,3000,4181,5000,6765,10000. They all work.

BillF, How are ya mate, good to see you've come to a forum that is not full of dreamers like moneytec. On ET it's only 98% dreamers but at least there is that 2% of people who are wayy cool. If your in Sydney I owe you a beer or two. My ALL TIME favourite thread that you started a few...

Here's your system. You can easily automate it. Fire of one trade each month as indicated in the parameters (maximum of two/month in the case the first one is a loss maker). Stop goes to breakeven after ahead by say 50 pips and then trailing stop takes over. You will get the returns your after...

risk/return >=1:4 No more than 2 trades a day 65/20/5/15 : win/breakeven/small loss/loss The balls to trade it, stick with it no matter what and constantly be upsizing (thinking of the infinite euro/usd) No distractions by looking at anything else - one instrument is the deal. In fx Be...

There is a more radical approach to avoiding tax altogether - If you spend more than 6 months of the year outside of Australia (the 183 day test), you are not subject to any Australian income taxes if you show that: "In order to show that a new domicile of choice in a country outside...

..

Just for comparison, the 'currency' with the highest growth in volatility in recent years goes to...xauusd Gold Monthly ATR (14) 1/1999 - $12.14 1/2000 - $18.22 1/01 - $ 15.93 1/02 - $15.76 1/03 - $19.88 1/04 - $25.29 1/05 - $26.82 1/06 - $31.33 Currently as at 31/10/06...

gbpusd Monthly ATR(14) 1/1999 - 571 pips 1/2000 - 534 1/01 - 586 1/02 - 537 1/03 - 533 1/04 - 656 1/05 - 686 1/06 - 696 Currently as at 31/10/06 : 658 pips. May 2002 was the lowest going back 20 years: 473 pips. In the attachment you can see the carry stats: As at 8/8/06...

eurusd Monthly ATR(14) 1/1999 - 465 pips 1/2000 - 469 1/01 - 505 1/02 - 466 1/03 - 440 1/04 - 536 1/05 - 538 1/06 - 492 Currently as at 31/10/06 - 432 pips. November 2002 was the lowest on record - 411 pips.

usdjpy: Monthly ATR(14) 1/1999 - 888 pips 1/2000 - 718 1/01 - 572 1/02 - 576 1/03 - 562 1/04 - 479 1/05 - 488 1/06 - 454 currently as at 31/10/06 - 432 pips - which just broke a 20 year record low - previously set in 11/1996 of 444 pips. But then again spot retail traders...