Search results

Good Question!! we closed around 44 on Friday, target of 71 would be 27 points - enough range for 1 day, I guess. Given the way we have traded in such a tight range today during RTH hours, I am sceptical that price will reach 78 today itself (it might reach there tomorrow), but definitely worth...

long 1265, target 1271, stop 1260 Edit: Will tighten the stop later.

Thank you very much for your quick reply.

Hello, nice approach to trading Aud. Curious, where do you buy options on FX? which broker please thanks.

Sell stop 1260, stop 1263, target 1252-54 range.

Correct, especially with such high correlations over the last 3 yrs. Reason why i asked above is that I can perfectly see you trading 100 different names everyday as an options trader, with a complicated spreadsheet setup and a model to hedge your Greeks during the day. Because, your actions...

Thanks, yes that is a manageable number definitely. but do you normally have positions in more than 20 or 30 instruments in a day also? That will be a little bit tough to monitor and manage, No ?

doesn't go up, doesn't go down, like a hanging cloud in the sky, today's market is frustrating us pikers, who want action quick and sharp, its the kind of market for a guy like B1S2, who holds positions for months, pikers like us who love fast cars, must go and trade CL now on! O'ES...

Maverick, its obvious that to trade anything, its better to watch correlated markets and you do watch a lot of stuff. But how many stocks, futures, fx do you actually trade everyday ? Just curious.

yes Picaso, easier to see it now, but that guy was pretty bold in his prediction and he made that call within 5-10 min of RTH open. I wanted to know his thought but he decided to keep his secret to himself :D But the tight opening range might surely lead to an explosive move lateron , as...

Its very early in the day and you already identified that its going to be trend day up !!! Will you explain to us newbies here what you saw.

Thanks for the tips Mark, appreciated. I whole-heartedly agree with you second tip - it will definitely help me lower my losses from a non-performing strategy over the next 20-40 years (till the time I keep trading) :) About your first tip, I see what you are saying, yes its a fine line...

Thanks for your reply. and no worries about not giving any hints, I am smart enough and i will discover all the pieces of the puzzle myself :D

"Why systems fell apart?" so you took 10 years after thinking that you are smart enough to answer above question to actually answer it. Wowwww!! I think it is one of the most overlooked issue in strategy development and trading it. Would you mind dropping some hints as to what are the...

Thanks everyone for throwing helpful hints about how to approach ACD method. Tips like : ACD is not a system, rather it is a method - will surely help me approach the idea with the correct mindset. King - special thanks for you for those videos. Part 3 seems to be missing from the link you...

Update for week 18 ending Dec 2, 2011 : +100$ for the week. Week started with a scratch on Monday, followed by a loss on Tuesday. Thing that really set me back was Chinese reserve ratio cut followed by dollar swap rate cut by G7 on Wednesday. It was a double whammy on the same day and at one...

I primarily trade Euro, AUD, JPY, and CHF - so trading majors only and sometimes crosses like EURCHF. For scalping purposes I am trading EUR and AUD only. If I see an opportunity in any other ccy pair like NZD or GBP, I will trade that also - but its rare. I have thought more about why i am...

Thanks. I will try to keep the discussion around ACD only. Wanted to start posting on this thread with some contribution from my side. To Maverick/king,logic_man and everyone else: can someone please give me a primer on what ACD is all about, or point to some reading for an introduction...

Done trading. Have a nice weekend everyone.

Winston, what do you trade ? Stocks, Futures ? What the game is about ? Rebates, stock/options market making, index-stock basket arbitrage ? Just curious. Thanks for sharing. and if you don't mind you said you are still young. curious how old you are and how long did it take you to...