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Pekelo,
How do you set your stops...is it absolute # of pts? Also are you making your trading decisions based on perceived market turning points or an indicator approach?

Btw...do you dabble in EOD forex, I would appreciate your insights.

Regards,
ls
 
Quote from longshort247:

How do you set your stops...is it absolute # of pts? Also are you making your trading decisions based on perceived market turning points or an indicator approach?
Btw...do you dabble in EOD forex, I would appreciate your insights.
More...

Well, I haven't really used hard stops, but as the current position shows, I should have. In the future I will be using a 5 points stop loss.

There is a big difference between being long and short, since the system is supposed to mimic the SPX. So when the system is long and the market is falling, as long as they fall together, it isn't such a big deal. But being short and having a rally hurts twice as much...

The decissions are based on Bollinger bands, pattern recognition and Williams R%...

I don't understand the question about EOD forex.
 
Thanks for the response. By the way what time frame are you using ... 15min, 60min, 4hr, 8 hr or daily?

End of day forex trading (daily). Seems similar in that you are riding a favorable trend. Your thought?

ls
 
I should be using daily and time the entry with a 15 minutes, but I happen to overtrade...

I generally don't like Forex....
 
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