|
PureBytes Links
Trading Reference Links
|
Actually, AUDJPY fell almost 100 points yesterday. But, if Yen is
weakening I don't know how that could be. Fundamentals make no
sense. I was correct about being short and predicting a trend-
change. I unnecessarily got stopped out at entry point. But, my
daily resistance 1st and 2nd level both got penetrated quite a bit.
That is to be expected. My entry points were ok and I just need a
mental stop about 1 full point above/below entry. I may not need the
weekly pivots, but there are instances where in conjunction with
fibonacci retracements, it can be used to predict tops and bottoms...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx> wrote:
> I disagree. Day-trading is a more sophisticated game and the rules
> of position trading do not apply here. Day-trading forces you to
cut
> your profits short and let your losses run, the opposite of
position-
> trading. You use limits not stops. I never day-trade, but some of
> the signals I trade turn out to be a day-trading signal, so I am
> trying to learn how to handle it. Actually, I think I found the
> solution. Thanks for arguing with me. It lies not just in the AFL
> daily pivot code, but in the AFL weekly pivot code. The new Beta
> version makes it a piece of cake to calculate the weekly pivots.
> Thanks Thomaz. I know now, how I should modify my approach of
> optimizing the entry points, but the basic tactic remains the
same...
>
> rgds, Pal
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi palsanand,
> >
> > Monday, November 17, 2003, 1:56:42 PM, you wrote:
> >
> > p> Well, Volatility is the life-blood for day-trading, the more
> > p> volatile the better
> >
> > Absolutely disagree. You want just the right amount, because you
> > have NO GUARANTEE your trade will win, and need to set appropriate
> > stops.
> >
> > As for the rest . . . I give up. ^_-
> >
> > p> and it doesn't fly in the face of common
> > p> sense, infact it is perfectly aligned with common sense. A
> > p> dip/rally or a breakout is trying to catch the trend when it
is
> in
> > p> full swing and a confirmed trend-change has confirmed the
start
> of
> > p> a new trend, so it is natural for volatility to be high in
those
> > p> circumstances, not that it really matters, though low
volatility
> > p> would be nice especially for non- confirmed trend-changes...
> >
> > Yuki
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|