Initial high/low set reference for the day. Eur During gap time, cut high, brief drop, in 10-15 min from start, cut high. GDP Has come to Tues high.
Eur/GBP, quick drop from yesterday close, -28. To drop EG, they raise GBP
AU Cut high and intend to slide after quick gain.
Avoid traps on rise and falls.
Only expose 1% equity during trading.
Taking too many positions is overtrading.
If spread is <50, keep limit 45 pip. If spread >50, keep limit 75 pip. Depends on market momentum. Spread at current market level.
Eur Cut high and formed new high. Has not cut in 10 mins. Sell 1.4895. Entrystop 30 pips.
GBP Not cut high, sell limit 1.6680. ES 30 pips.
Hedging strategy - Watch market 10-30 mins, if make loss, cut hedging. Keep another entry stop 30 pip above. When market drop move ES to original. If hit 2nd hedging order, market is taking extended rise. Once 2nd hedging makes profit, wait for 150 net limit and take profit and close original.
EUR net limit daily: 150 pip, weekly: 350 pip. GBP net limit daily: 250 pip, weekly: 600 pip.
I will be posting up Doc's forecasts, addendum from his blog, specific trades I take, and also Doc's strategy. Please feel free to comment and add in any way you feel fit.
Initial high/low set reference for the day.
ReplyDeleteEur
During gap time, cut high, brief drop, in 10-15 min from start, cut high.
GDP
Has come to Tues high.
Eur/GBP, quick drop from yesterday close, -28. To drop EG, they raise GBP
AU
Cut high and intend to slide after quick gain.
Avoid traps on rise and falls.
Only expose 1% equity during trading.
Taking too many positions is overtrading.
If spread is <50, keep limit 45 pip. If spread >50, keep limit 75 pip. Depends on market momentum. Spread at current market level.
Eur
Cut high and formed new high. Has not cut in 10 mins. Sell 1.4895. Entrystop 30 pips.
GBP
Not cut high, sell limit 1.6680. ES 30 pips.
Hedging strategy - Watch market 10-30 mins, if make loss, cut hedging. Keep another entry stop 30 pip above. When market drop move ES to original. If hit 2nd hedging order, market is taking extended rise. Once 2nd hedging makes profit, wait for 150 net limit and take profit and close original.
EUR net limit daily: 150 pip, weekly: 350 pip.
GBP net limit daily: 250 pip, weekly: 600 pip.
UChf - buy 1.0147 ES 30 pip.
UJ - cut low, handling crosses. They've cut low 2x. buy limit 89.70. ES 30 pip.
Crosses Yen use 50 pip hedging. They make one sided move for 1 or 2 days.
GBP red-red placed high level and replaced with lower level order. circular trades.