Trading systems that cost $50,000

[tdeketel]

Originally Posted by spahiu

and who's blog would u like to use if not he's own?

why don't you stick to your trading system and let others be.

I don't think baruch blamed him for using his blog as a promotion tool . I wish him all the luck selling his "Holy Grail", but I won't be one of his buyers.

Spahiu, you're absolutely right that you should develop your own system and stick to it.

Btw spahiu, I see you're from Romania. My girlfriend is trying to learn your language for a month now, but she's having a lot of diffulties. It's not an easy language you guys speak ...

Regards

[foamgod]

How can you sell away things that are holy?

You can only give them away for free.

[untari]

hi Psytrader

is it right, after the price cross SMA 144 is the best time to buy/ sell

[psytrader]

Originally Posted by untari

hi Psytrader

is it right, after the price cross SMA 144 is the best time to buy/ sell

And yet,...I want more.

If we know the time to buy/sell,...then how do we determine the news that will cause the technical signal?

I am trying to get to the point that I can sit down on Sunday evening and devise a list of events that move the market in an appropriate amplitude.

Then, sit down and attend the meetings (between me and the market) that I have scheduled for myself all week.

Arrogant,...yes
Conceited,...yes
Lazy,...Yes
Satisfied,...NEVER.

Regards

PSY

[blacpudin]

[quote=psytrader]And yet,...I want more.

If we know the time to buy/sell,...then how do we determine the news that will cause the technical signal?

I am trying to get to the point that I can sit down on Sunday evening and devise a list of events that move the market in an appropriate amplitude.

Then, sit down and attend the meetings (between me and the market) that I have scheduled for myself all week.

Arrogant,...yes
Conceited,...yes
Lazy,...Yes
Satisfied,...NEVER.



That should be possible by looking back at all past events relating to the economies of the of the major trading nations of the world & taking a record of the resulting influence on the USD paired currencies. Give each event a value relative to the plus or minus input effect it had on the price at the time of the annoucement.

A much better way in my opinion would be to place limit & stop orders on the opposite side of the market to the side you are currently trading.

Example: 03.00 EST Eur/Usd 144/89 @ 1.2165 We are above the MA's at the moment (Therefore we should either be long or out of the market at present as retracement is taking place) place 2 separate orders to sell at 1.2160 one order with a 20tick stop-loss the other with a 20tick stop-loss & a 20tick limit if things move our way the 20tick limit will pay for a free ride with a total stoploss of 40ticks on the order left running, all you have to do now is to continually move your stop with the market.

[MickMason]

Originally Posted by psytrader

I am trying to get to the point that I can sit down on Sunday evening and devise a list of events that move the market in an appropriate amplitude.

In an "appropriate amplitude", what does that mean?

Forthcoming fundamental events are available from a number of sources, together with previous and expected numbers. If you want to trade fundamentals you'll need to know a lot more about economics and the potential impact on the market that numbers may have in the current economic climate, it's no good comparing previous reactions and hoping the market will react the same way next time. Important news, such as interest rate moves, are usually priced in days or even weeks before anyway.

Just my


Mick

[psytrader]

Mick,

Enough profit to justify a 20 pip risk. Id say at least 50-60 pips.

PSY

[MickMason]

Originally Posted by psytrader

Mick,

Enough profit to justify a 20 pip risk. Id say at least 50-60 pips.

PSY

Oh, right.....I think you'll be hard pushed to limit risk to 20pips on trading fundamentals either before or after release, the more impact potential - the more volatile markets become, that's why these straddle strategies often fail, both sides get triggered.


Mick