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  #1521 (permalink)  
Old 07-11-2008, 06:50 PM
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Here's an example, on July 8 the guppy was in a perfect value setup on the 15' ... entry would have been around 211.30 .. but then instead of reversing, she dropped another 100 pips ... so you would say to just hang on because according to your criteria, even if there is a 100 or more pip drop, because she was well below the 50/200 in the first place, the drop should not be sustained?
I will do some back testing on this over the weekend to see how it played out when she had some massive drops in the past. In theory I would think at some point, if the fall continues, you have to bail .. unless you play it like rrram and plan to hold for centuries if necessary
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  #1522 (permalink)  
Old 07-11-2008, 06:52 PM
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Quote:
Originally Posted by mytwopips View Post
If it goes lower I buy more, because it just got cheaper. Value traders like bargains. But sometimes in a horrible downtrend the 200 ema will point south and price will always find a spot to cross the 200 on the 15m even during a horrible downtrend. When that happens you have to realize that price is now at fair value and no longer a bargain and close your orders in profit or in loss. That is your "stop".
OK, now I will definitely look back over guppy's actions this past year to see how that would have played out .. if it is as I think, you really are on to something!

And I am just one post away!
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  #1523 (permalink)  
Old 07-11-2008, 06:53 PM
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Originally Posted by 4xStar View Post
Well that is simple enough .. and I do like simple! Thanks's for sharing .. and for allowing me to get within 4 posts of my promotion
Go start a thread on Newbie Island and title it:

"How I made 2000 pips today"

I bet you will have all kinds of questions to answer within minutes. You will increase your post count by at least +50 by the end of the day.
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  #1524 (permalink)  
Old 07-11-2008, 06:53 PM
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TA-DA!!!
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  #1525 (permalink)  
Old 07-11-2008, 06:55 PM
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Quote:
Originally Posted by mytwopips View Post
Go start a thread on Newbie Island and title it:

"How I made 2000 pips today"

I bet you will have all kinds of questions to answer within minutes. You will increase your post count by at least +50 by the end of the day.
LOL, that will put me over 1000 in no time

Actually .. one could have fun on Newbie Island, if one were so inclined in an evil, demented sort of way..... <wicked grin>
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  #1526 (permalink)  
Old 07-11-2008, 06:56 PM
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Quote:
Originally Posted by 4xStar View Post
OK, now I will definitely look back over guppy's actions this past year to see how that would have played out .. if it is as I think, you really are on to something!

And I am just one post away!
The only thing that will kill you trading the way I do is greed and bad mm.

I have done the backtesting. Guppy will end careers about once every three months. She is a diva.
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  #1527 (permalink)  
Old 07-11-2008, 06:57 PM
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Originally Posted by 4xStar View Post
TA-DA!!!
Congratulations!
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  #1528 (permalink)  
Old 07-11-2008, 07:09 PM
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Quote:
Originally Posted by mytwopips View Post
No sleep til Brooklyn.

That's not a Beastie Boys reference, is it?
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  #1529 (permalink)  
Old 07-11-2008, 07:14 PM
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Quote:
Originally Posted by mytwopips View Post
Congratulations!
Yep, congratulations, indeed! You're now two slots away from joining M2P and rrram in the top 10!
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  #1530 (permalink)  
Old 07-11-2008, 07:19 PM
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Quote:
Originally Posted by Andrewunknown View Post
That's not a Beastie Boys reference, is it?
Yes it is.

Back when I was in the Navy, every Friday we would sing (just being dumb), "No shave, til Monday!" to the Beastie Boys melody of "No sleep, til Brooklyn".

Now we have "No trade, til Sunday!".
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