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My 30-year Bond short is working like a charm. Up nearly £6k now after taking a maximum risk of £600. I Have stop losses in about £750 above the current price to participate in any further downside when most traders return to their desks on Monday. I think one of two things will...

I use Interactive brokers as my main broker and IGIndex as my spread betting firm. Both the best and most cost effective in their field.

I would scratch it. It is to risky trying fade this move. My system is even about to print a buy signal.

It might reverse before then at 44.42 - a previous swing high.

Well running into a train sometimes works. :) My postion went against me initially but the 142'000 resistance held and it broke the down side range of the channel it has been in for three weeks and has found support at the previous swing high. I have moved my stops just above the previous...

Thanks for the link.

I just shorted the 30-year Bond. There is very strong resistance around the 142'000 mark. Shorted at 141'150 with a stop at 142'100. I am running head on into a train but if this breaks it could fall to 135 or even 121. I just can't see how bonds can go much higher. We have...

I am starting to record the ACD behavior in my trading logs. If I see a significant pattern developing between wins or losses and a certain ACD set-up I'll try to integrate it further. At the moment, however, I have a profitable system with a positive expectancy; so why fix something that's...

I would appreciate an explanation if you have time?

Based on what? Elliot Wave?

Where do you see the floor Dante? I have been thinking about a big long-term position soon. If you look back to when oil was $20 a barrel the Dollar index was 120+ it is now 80. So $20 is now $30 thanks to the currency devaluation. This does not take account of general inflation in the...

Spanish's analytical skills are, as always, spot on. The greatest military power in the history of human civilization is 'powerless' :P

Yes I agree about the every X day thing. Maybe certain players have regular orders to buy and sell crude on specific dates and that is what moves the market high or lower on these days but I did think it was crap tbh. I think the pivot range moving averages are logical rather than using just...

For those who have not read the book its primary focus is on the opening range and where price moves following the opening range based on the observation the opening is the high/low circa 20% of the time. There are other concepts built on top such as pivot ranges and pivot moving averages...

There is one young trader on here that has turned a £5k account into £100k plus in the last 3 months using a 1-minute timeframe based system. Maybe he has ADD but at least he will be rich this time next year if he maintains his performance. The bottom line with timeframe is what holding...

well it seems to work well. so nice one. Could you go into more detail in regards to how you calculate these levels? Do you extend the pivot highs and lows at the same angle as the trend? If not, how?? :)

Spanish, where did you learn your directional S/R strategy?

I have wondered this as well. You quote these entry and exit points that are not always swing highs/lows or daily pivot points, what levels do you use?

Well Britain has very low public debt relative to other countries so it can afford to increase it really. Japan has public debt to GDP of 170%, the US 70%, many European countries 65% athough Italy is 105%; the UK has public debt to GDP of 40%. The UK can spend £450 billion and still only...

Without a precedence...no. A significant move yes.