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Posts posted by Caseynotes
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I bowed out today, no trades, whiplash mania eurodollar, no-one knew what it all meant. Zero interest rates - whipsaw then higher euro? what?
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Good Thread, Zero + TheSurgeon, I don't follow indices though I know I should (and bonds for that matter) I'm presuming your talking spoos, I don't know the IG codes for indices.
But you both seem to be talking sense, which is unusual and interesting.
Keep it live, keep it going...
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BTFD = Buy The Failed Dip in a bull trend (or sell the failed rally in a bear trend). Waiting for pullbacks then entering when price reverses back to continue with trend.
I don't actually use the signal centre, I just studied them for a while. 1:2 RR just means setting your profit target (reward) at twice your stop value (risk).
Hope this helps.
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When I looked at the signal centre (some time ago) I thought they were quite slow to publish too. Though they do try to identify breakouts and the best strategy is to wait for a pullback after a breakout to Buy The Failed Dip (or sell the failed rally).
Which charts? Always look for a trending chart to BTFD.
Trouble deciding when to get out? Set a profit target and trail your stop to it, try a set risk/reward ratio eg 1:2 or 1:3, or maybe use a previous support/resistance level, or perhaps next significant round number (50s or 100s).
ASX Index
in Indices and Macro Events
Posted
And also implied negative rates OR even worse 'helicopter money'.