Quote:
Originally Posted by rrram2
Times get tough like they are now and lots of people cannot affored to keep thier funds in earning interest and have to take it out. SO it is going down.
But I am still certain she is coming back and cannot get over how low she went on nothing significant. Prolly some big fat bank running us down and out and them boom 2 days later we hit 210 or some crazy price.
The price of gas at 3.60 a gallon here is getting pricey even in a honda.
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I still think you have a good concept of your strategy. I just like my idea of waiting until the 50 ema is about 100 pips below the 200 ema, and price is about 100 pips below the 50 and looking to make like a pinbar. Do this on the 15m (with magnification all the way out) so you get more setups about once or twice a week. This doesn't mean you only trade once or twice a week. This means you start the series that often. In theory, you could never stop trading this and always be in action.
Then you will need an ultimate exit point for all trades, not really a stop but bailout. Also the no stop loss rule for this pair will require a true leverage of around 1:1 or 2:1 if you must. This will require a large account size to get any decent rewards for when those swings are not so wild.
I looked back about a year on this pair and seen that this blow out can happen around once every two months. Yes in theory the blowout will never occur if you can keep the funding. But in the real world, funds do run out. If this pair shoots back around 210 I will absolutely feel broken for you guys.
And Yes, gas sucks!!!! I own a nice GMC 6.0L Vortec that I do not even drive anymore. It's retarded to spend 50-60 bucks a day driving when I can fill up my 4 banger chick car with gas all week on that.