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trading strategies and money management discussion, code, results

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jstockman
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Did not get an Answer - Let's try again

Postby jstockman » Mon Feb 19, 2007 4:28 am

Guys,

It is pretty hard for me to sit up all day and night waiting for the 10 pips.

If I enter when today's new candle breaks the previous day's high and it goes up 5 pips then goes south for 23 and 1/2 hours its a long wait. I must be missing something.

TRO I know you have a life on the beach.

Guys tell us more about how you enter the trade ie manually, limit order.

And once you get into the trade, how do you manage it. Do you set limit orders.

Remember, EFX does not support OCO (order canells order),

Do you sleep by your computer.

Give me some ideas.


Jimmyj :P

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 19, 2007 6:51 am

Trading the NY close/open means I am in front of my computer at 3PM.

I am not sure what time zone you are in.

SRDC I use the previous candle's high/low. $TRILLION uses the previous candle's open/close.

Yes, I use a LIMIT ORDER. You have to know the statistics of the system you are trading to have confidence. I know this works only because I have run the statistics and because I have been using it for a long time. Put you SL in the money management spreadsheet and see if you have a winning or losing setup.

You can always use a different TP, too.

My computers are usually off at night.

Though I am considering trading the LONDON open because of the latest statistics Michal and I have been running. Lots of pips to be pirated!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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pipette4x
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entry orders

Postby pipette4x » Mon Feb 19, 2007 10:23 am

TheRumpledOne wrote:Trading the NY close/open means I am in front of my computer at 3PM.


Yes, I use a LIMIT ORDER. You have to know the statistics of the system you are trading to have confidence. !


So you use limit orders for the Trillion $ method? if so, what are you basing your limit order on or are you just trying to cover spread? thanks

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 19, 2007 9:07 pm

Yes, limit orders.

What spread? I use www.efxgroup.com
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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