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Anybody Want to Talk About Forex?
- Thread starter oldtime
- Start date
I'm flat, AUD hit 305 and that was good enough, hit the close all button on that gruelling trade, 9 days ( not counting weekends) and I think that EUR was underwater the whole time
I say I don't have a target, but I have a target on my whole account balance and when it hits I usually close no questions asked
now I have to look for a place to get back in
I have a lot of work to do on entry, once in I have it covered, and I guess an ok exit, but no real good idea on the entry
that's why I wanted to set up some sort of index on all the positions I trade and use Bollinger bands to enter on some sort of extreme, but setting up the index is kind of complicated
I say I don't have a target, but I have a target on my whole account balance and when it hits I usually close no questions asked
now I have to look for a place to get back in
I have a lot of work to do on entry, once in I have it covered, and I guess an ok exit, but no real good idea on the entry
that's why I wanted to set up some sort of index on all the positions I trade and use Bollinger bands to enter on some sort of extreme, but setting up the index is kind of complicated
back when I was young and had friends who were learning how to use computers to backtest, it was generally accepted that no one could make money consistently being in the market all the time.
Maybe I just got lucky, everything seemed a little over done so I just took the other side (at a much reduced size.)
But you know forex, it can change on a dime (and usually my dime.)
Maybe I just got lucky, everything seemed a little over done so I just took the other side (at a much reduced size.)
But you know forex, it can change on a dime (and usually my dime.)
Must be in to win. If not long then why not be short? and the reverse.
don't like the whipsaw, it is very demoralising, better for me is big size little size. (or somewhere in between)Quote from college ruled:
Must be in to win. If not long then why not be short? and the reverse.
I've been for the most part in the same position for a couple of months now. I'm not saying I haven't taken the other side, or parts of the other side and traded a few other positions, but I have one that I am comfortable with fundamentally and when I get flat I either have to wait for it to pull back to get in, or switch to another currency.
I started trading big size little size in my paper account and just started doing it live.
so, at max size and profit I may reduce to minimum size ar cut size in half.
still working out the new rules
Quote from oldtime:
don't like the whipsaw, it is very demoralising, better for me is big size little size. (or somewhere in between)
I've been for the most part in the same position for a couple of months now. I'm not saying I haven't taken the other side, or parts of the other side and traded a few other positions, but I have one that I am comfortable with fundamentally and when I get flat I either have to wait for it to pull back to get in, or switch to another currency.
I started trading big size little size in my paper account and just started doing it live.
so, at max size and profit I may reduce to minimum size ar cut size in half.
still working out the new rules
I do understand waiting for opportunity, just getting started and trying to find my balance.
Right now I want to fire up the boiler if you know what i mean.
I traded ES for many years, in retrospect, I wish I had just picked one side and stuck with it instead of trying to guess everyday if it was going up or going down.Quote from college ruled:
I do understand waiting for opportunity, just getting started and trying to find my balance.
Right now I want to set the market on fire if you know what i mean.
better set it on fire pretty quick, the stock market is already saturated with HFT, and they are starting to move into forex, so it's the old "adapt or die"
Quote from oldtime:
I traded ES for many years, in retrospect, I wish I had just picked one side and stuck with it instead of trying to guess everyday if it was going up or going down.
better set it on fire pretty quick, the stock market is already saturated with HFT, and they are starting to move into forex, so it's the old "adapt or die"
How has HFT changed the market since you have been trading? Is it ruining the market for manual order entry in the futures and forex?
no, I don't even notice it, but it's something to watch out for, I haven't been trading forex long enough to even know what it was like in the old days, all I'm saying is don't fall in love with the way it is because it will changeQuote from college ruled:
How has HFT changed the market since you have been trading? Is it ruining the market for manual order entry in the futures and forex?
btw, I i'm short from 2580, so unfortunately I can't wish you well on your first trade (but don't mind me, I'm always short eur/usd)