MoneyTec Traders Community Forum - View Single Post

fxscalper90 · 09-03-2005, 10:51

For expert and long term traders:

Check this out...

Starting with forex moves based on big news stories such as International Trade numbers or NFP #s where the market may have a decisive, definitive move (well, perhaps only to later retrace but that's not the point).

Second is the situation where a 'trend' may set in moving the market 300, 400 or more points based on specific numbers or macro economic/political situations most traders are making trades on.

OK, along that line is the next theory... a Drifting market.

How powerful is this phenomena?

Can it / should it be figured into a profitable trading system?

This is where the market (or a pair, or a single currency) just drifts (for) no apparent reason, yet sustains moves in excess of 300 to 400 points. In more extreme cases maybe even 500 to 600 points.

In fact, the Drifting Principle may account for some decent profits being made even within the 1 cent range on individual pairs.

I'm beginning to like the DP so much I'm thinking of building a complete trading structure based on it.

Any thoughts on the specter of drifting?

fx

09-03-2005, 10:51	#1
fxscalper90 Banned Join Date: Jan 2005 Posts: 270 Downloads: 0 Uploads: 0 Rep Power: 0	The Principle of 'Drifting' For expert and long term traders: Check this out... Starting with forex moves based on big news stories such as International Trade numbers or NFP #s where the market may have a decisive, definitive move (well, perhaps only to later retrace but that's not the point). Second is the situation where a 'trend' may set in moving the market 300, 400 or more points based on specific numbers or macro economic/political situations most traders are making trades on. OK, along that line is the next theory... a Drifting market. How powerful is this phenomena? Can it / should it be figured into a profitable trading system? This is where the market (or a pair, or a single currency) just drifts (for) no apparent reason, yet sustains moves in excess of 300 to 400 points. In more extreme cases maybe even 500 to 600 points. In fact, the Drifting Principle may account for some decent profits being made even within the 1 cent range on individual pairs. I'm beginning to like the DP so much I'm thinking of building a complete trading structure based on it. Any thoughts on the specter of drifting? fx Last edited by fxscalper90 : 09-03-2005 at 11:20.