Trading EUR/USD Daily Hi & Lo

[Now is Now]

Nice one, JSS...and the chicken did come home to roost.

Seems the "grail" can come in many styles...as many as you want....

 

[JSSPMK]

Ready for consecutive losses to take place, bring it on! Cheers NiN!

 

[JSSPMK]

Quote from JSSPMK:

Closed Short +277 pips (+£554)

Now Long 1.3748 £1 per pip
(Reverse order 1.3583 £2 per pip)

-165 pips (-£165)

Now Short 1.3583 £2 per pip
(Reverse order 1.3840 £4 per pip)

 

[JSSPMK]

Hourly chart possible IHS forming, could provide foundation for a bounce to 1.4

 

[JSSPMK]

Reducing range based on last Friday's candle. Reverse order changed to 1.3700. Decision is based on my range/volatility analysis.

 

[JSSPMK]

Quote from JSSPMK:

-165 pips (-£165)

Now Short 1.3583 £2 per pip
(Reverse order 1.3840 £4 per pip)

Reducing range based on last Friday's candle. Reverse order changed to 1.3700. Decision is based on my range/volatility analysis.

-117 pips (-£234)

Now Long 1.3700 £4 per pip
(Reverse order 1.3528 £8 per pip)

 

[JSSPMK]

+100 pips required to break even
+200 pips=+2%
+300 pips=+4%

 

[JSSPMK]

Quote from JSSPMK:

-165 pips (-£165)

Now Short 1.3583 £2 per pip
(Reverse order 1.3840 £4 per pip)

Reducing range based on last Friday's candle. Reverse order changed to 1.3700. Decision is based on my range/volatility analysis.

-117 pips (-£234)

Now Long 1.3700 £4 per pip
(Reverse order 1.3528 £8 per pip)

-172 pips (-£688)

Now Short 1.3528 £8 per pip
(Reverse order 1.3790 £16 per pip)

135 pips required to break even
185 pips required for +2%
235 pips required for +4%

 

[ddefina]

Interesting, kind of a martingale strategy that pushes risk out on the bell curve, but doesn't reduce it. If you could reduce or eliminate risk you'd have the holy grail.

 

[JSSPMK]

Ok, so we got a doji on weekly close, we also have oversold conditions on oscillators + divergences, smells like a 400 pip bounce in the making. Most likely will get stopped on current trade, again, oops