Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Tuesday, 12 February 2013

USDCHF: 5.52pm

Something I have been working on for shorter term mechanical entries. No self limiting factors on the screen at all - just one trend line and a trigger for entries and stops. Looking for break of orange trigger line to turn the trend up and then hold on till trigger line is broken again. If high entry is not taken before the low is taken out, then the trade is cancelled. There should be 2 trades available: the break out and then the pull back and follow up. The initial breakout should fund the subsequent trade and leave a small profit. See how this pans out later.

No comments:

Post a Comment