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This is certainly not a strategy. But its a tactic, call it a safety valve if you like. The point is that the majority of what we might call Black Swans don't come out of the blue and destroy a bull market. More often they come in the midst of a clear and prolonged downtrend. Same applies in...

I like this viewpoint. For me, every trade I take is high probability, so I set entry orders to the fullest extent my risk management will allow, as soon as an entry signal prints. I put in pyramid orders on every trade opened, in anticipation that at least some of them, though I have no...

Most of us will be aware of the danger of Black Swans - in trading, an unexpected, sudden and extraordinary price move. But if they can't stopped and they can't be predicted, can we do anything to be on the right side of a market Black Swan? So when price crashes, we're already short. Or when...

Absolutely - mortgage the house and sell the car, Christmas is coming early!

You will have better results with high probability, low subjectivity trade set-ups. Stop trying so hard. I obviously mean trend-following. For a stock, buy if all the following apply - its main index is rising the market main stock indices are rising the 20EMA of both stock and index are above...

Hi bigmac - its coming to 1 year since your first trade. How's it gone? Are you going to be in the money?

Cheers tom. Tom

Thanks expiated, I see your plan now, it was just me not seeing the short-term opportunity. Mind you, I still think its high risk (for me). I'd best stick to what I know.

Don't be shy. I am after all breaking quite a few rules here.......

Xela has kindly trailed my name in her post above and I think this is such an interesting subject - it focuses on exits and maximising profits, rather than the usual - which is entries and minimising risks. I don't scale in and I don't scale out. However, I am adding a new full-scale trade to...

I'm not interested in EUR/USD right now, its showing no convincing trending action one way or t'other, and hasn't for a while. But what were your own reasons for buying in?

Treated myself to a 2013 Gigondas out for lunch last week (small glass only - its over £50/bottle). It was superb with boeuf bourgignon.

I feel your pain Cswim63, I have no friends either.

I've always been a trend follower and have had to accept that this reduces workload and lowers risk but also cuts opportunity and makes revenue flow lumpy. But I took two important steps forward when - 1. I got away from specific entry signals: now the market tells me to get in, not some...

You're right, naming a trend is easy, but you stop short of what's really useful for traders - evaluating which trend to go with first out of 38 charts.

Thanks, I'll go to CME and see what I can see.

I did some simple market monitoring a while back to establish just this sort of question - do pairs with different currencies move in similar ways? My answer was that either most pairs move with their prevailing trends over a given week, or most pairs go counter-trend. But the point is they all...

I would have thought common types of food poisoning would be basically over after about 3 days so it would be worth seeing a doctor.

Can't answer your question, never heard of exchange traded spreads, NOBs or DOMs. But if you have a moment to enlighten my ignorance, why are you wanting to trade these things in preference to other instruments?

Nice song.......