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, 16 July 2013

EURUSD

Well that worked! Just a quick note about entries. I have been battling the analysis v trading dilemma for some time now, but do feel that once your plan of attack for the day is set, looking for entries as the 15min bolly band pushes up or down to the 60min bollys is an efficient strategy when combined with momentum and volume indicators. The basic premise is that the market pulls back to get the best entry it can (stop v entry price) and both intra day timing and price targets come into focus once price starts interacting with these bollys. Ending or continuation patterns have much more efficacy at these boundaries and seem to have cut my error time down significantly. In that, I mean, I have no issue at all with being stopped out but sitting around for a day or more to bank is not for me unless I am in the money almost immediately after entry and can get to BE asap.

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