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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 14, 2011 0:13
and stats for range traders/faders like me are..

"when there is a false breakout (60% of the time) it will only go say 25 pips past the barrier and then be forced back.."
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Jun 14, 2011 0:09
no dave couldnt take me under his wing:(that chapter he is done, but he did next best thing and introduced me to mark braun who has helped me out sooo freakn much i really recomend him to any 1 interested in fib work,symetry(which im trying to figure out now)and cci indicator..hes really is good at his job(teaching/trading) chk him out 4real:)..ok gl/gt:) looks like 161.8%=14440 held off nicely.. no more shorts were added but still holding 1-14425-t/p 14400-05area. like to see a bigger drop but i;ll take a quick 20-25pip move:)gl guys:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 14, 2011 0:06
cont.. when the price reaches strong resistance or support, the question is: will the price bounce back or violate the barrier? Good channel traders (like Sir:-) and support and resistance traders (like daveo:-) will tell you that in general there is a 70% chance of a bounce and only a 30% chance of a breakout.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 14, 2011 0:00
Hey gunjack.. here are some stats for you to digest.. just dont get ulcers doin it:-)

"How much do the odds have to be in the favour of the trader for them to make money? Often a trading success rate of 70% to 80% is assumed as the requirement to make money.."
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 13, 2011 23:57
talking of which, sir.. just send you email.. wouldn't mind moving to 90%..:-)
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 13, 2011 23:45
good idea..you guys ask DaveO....but he is weary of the repeating all the time....about simplifying..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 13, 2011 23:42
Hey chloe.. take it easy on these indicators.. you might get paralysis by analysis.. unless daveo of course takes you under his wings:-) still beats me how he does it.. De Vinci in disguise?..
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Jun 13, 2011 23:41
also i really shouldnt be trying to use the cci yet or any other trigger/indicator cause i havent did enough reading on it to fully understand how it works with the fib work..and yes jacek i deffin need daves guidence but hes hooked me up with his friend mark braun who has been very patient with me and very helpful..but like i said everyday i get overwhelmed at some point lol..but im good wit it..if it were easy every1 would be doing it:lol..gl guys:)
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 13, 2011 23:40
well, that's the natural thought but I pair euor/usd and usd/chf w/o regard to euro/chf
becuz to me not pertinent to the inverse correlation for trading..

and it gives more agility to be adding and reducing when you can do either side and both..
more flexible and I have watched soo long that I know the trials and tribulations with each other..
risk very minimal and profit high prob..normally out of 8 setups 1 will implode but not be lost entirely necessarily just high maintenance, like gf
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 13, 2011 23:35
correlated pair trading Sir?.. you wouldnt be just talking eur/chf, would you?
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