Tuesday, April 27, 2010
Shorted at the first bounce at 1.3297,
covered 5 ticks lower.
bought too high later after the first shakeout at 1.3293 and sold 2 tick lower.
Bought on the next shakeout (2nd move down) at 1.3291 on a bar that closed on the high and retested previous shakeout low,
sold 6 ticks higher.
Friday, April 23, 2010
I need to find out a way how to spot a changing structure before finding out by getting stopped out with real money.
Friday, April 16, 2010
Thursday, April 15, 2010
Recently I've noticed that ATR can be displayed as a histogram in TOS's (thinkorswim) platform. You can't do that in stockcharts.com/freestockcharts.com etc, so I compared ATR (1) to volume in currency futures and found out the strikings similarities!
VOLUME = VOLATILITY in forex.
This would be greatly benefit trading in pips and not ticks since there is no volume in forex.
Wednesday, April 14, 2010
Theme of the day: chop and a lot of it!
one minute there's a quick new low with bigger volatility and piercing 1min bar closing on the high,
2 hours later the same happens after a resistance trendline/spec fib break with new high of range with a 1min bar closing on the low.