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What's everyone's thoughts about action in FX tomorrow with closed market? Squeeze up/down, or no movement?

Well said, Grob.

SMBI Yesterday broke to new 52-wk high within parameters stated. Looking at the tape, entry at time of new high = .05 target achieved.

Great trade! Was the idea behind the trade mainly looking at this market only, or did action in other commodities kinda portend a drop?

I think this trade was made purely off the intraday chart, and the fact that the weekly trend of EUR was down -- although I think you're trying to tell me otherwise? I know I would not have done it had today's/this week's price trend had been up.

If that's the case, I guess I can just use time & sales for fills? I'll just set up the scanner for any 52-wk highs, then go back down the list and see how the trades would have went. Won't be real-time, but if it's not real trades then won't make a difference.

Lol, I don't even have tradestation. I could try it with my realtick scanner, though I'd have to eyeball the 10-day parameter. Some time next week would be good, let me investigate how this scanner actually works.

What don't you understand? Past price action/public information = a new 52wk high, with no prior 52wk high being made in last 10 trading sessions, .05 target. Hank, help me out here and explain in english what I'm missing here? I'm trying to sit on my hands today anyway :)

Here's one, if EUR Jun 05 hits 1.3020 again today, send limit order sell 1.3018 and cover 1.3001. Set stop at 1.3050.

Screen for stocks priced between 20 and 40, minimum volume 200k daily avg. Buy a stock at new 52-wk high, with no prior 52-wk high being made in the last 10 trading sessions. Offer .05 higher from entry, set stop at .50.

I think dollar mo should last at least through Thursday, maybe euro will bounce while we're on holiday (Globex closed all Friday I think).

Sigh. I don't know why I keep posting here. I don't trade with systems, I don't even trade using trends beyond eyeballing the daily chart. Just can't stand facism when I see it I guess. :D

Systems have to predict the extent of their profits at the time their setup occurs? Since when?

I really would never trust an indicator like RSI on an overnight drop like that -- the stock could open $10 lower with everyone still yet to sell. Oversold means little in this kind of move I think.

Think 1.30 be tested on jun futs this week?

Thought about this again picking up a case of white castles, and wondered: What if that trader always used a 4-tick stoploss, 40-tick target exit upon entry? Wouldn't random entries almost guarantee losses? Wouldn't consistent profitability show that the entry was in fact valid as an edge...

Sok, I apparently make my money in total ignorance as well *shrug* :)

Yeah, but that's like saying my wife actually thinks I'm totally boring, but because she still married me it just goes to show how fabulously rich/handsome/skilled in the sack I am? I don't know if it's such a compliment :)

I dunno, this thread is just messing with me noggin. :D Don't take this personally Nickel, but for someone who trades for 1 or 2 ticks on the Q's and then asks for theoretical validation from traders who made their money riding trends -- well, don't you see the irony in that? If I state that...

Why not? Quotes and charts are publically available information -- are we going to retro-fit the question again to accomodate the answer you already have in mind?