Quote:
Originally Posted by Bocajunior
Good day all,
Regarding the recent "possible short" on AUSNZD and the DMI crossover, by my interpretation of the system I dont think the short signal was ever generated was it? The DMI did cross but the Extreme price was never hit. I am currently losing on this position on one of Carters systems but that's another story. Stop has not been hit yet though.
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Hey Boca - I had a short order on AUSNZD, but you are correct it was never hit. For a DMS system entry short, you have to hit an entry point that is a few ticks below the lowest point made on the DI cross. (There are other variations such as spread x C + 5 or whatever cushion you want to build in there.)
On the day of the cross the low was 1.26110, so as long as you set your entry AT OR BELOW this point, it wasn't hit as the low of the next day was 1.26150. So unfortunately Dale hasn't gotten his chance to "exorcise that demon" yet, but his day is coming.
Quote:
Originally Posted by Bocajunior
On to the RTS. I mentioned a few days ago I had 4 positions open that were in the red,, well 2 of those positions turned around as expected for profit. I still have two open that are in the red. I will report how they turn out.
A quick question to all,, would you open up a new RTS position on a Friday what with weekend events, rollever etc? I know each may have a different opinion on this, but was just wondering how you would play it.
Cheers all
Boca
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Personally I'd open up a position over the weekend (I put in about 12 RTS orders tonight, so far none have been executed) *BUT* because of the weekend I'd keep it straight up with ADX<25 (preferably under 20) and I'd be looking for something outside the channels entirely (assuming you're using Dale's enhancement to the system). Of course, you can ask and receive different opinions on this matter (some guys trade inside the channels), so the *right* answer is what works best for your personal stance on level of risk you're willing to take on.
Glad to hear your two trades turned. I'm having a much better day now than I was earlier as my drawdown has been cut in about half, but still waiting for these trades to finally pop green on the screen.
Best of luck with your trades.
Craig