EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #1822 (permalink)

Palm Beach County
 
Trading Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


Silver Dragon View Post
While I agree with you about taking the same trade, I would still ask the question why did it fail? Can you add something to you trade criteria which would filter out this trade next time?

Robert




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@Silver Trader,

You question is worthy of further comment.

While I stated the way I trade this set up, which are generally few and far between, I am open to any suggestions and quite frankly I have 'found' (filter) something that will /may be of benefit at the same time letting the trade run its course.

The downside is a potential lower profit outcome as it may strike my profit goal while I am 'out', but can also reduce the potential of a full stop loss,which I don't need

The method would be simple enough. Using 4000 contracts range ,set up with SMA 8 and EMA 32; 32 being the 'resistance' level. I would close the position on the negative crossover (take profit)and re establish the position +20 pips. That could be a form of filter.I am going to give it serious consideration. Thanks.

I don't comment much on futures.io (formerly BMT) and hesitated being an "elite member", because I was concerned that various threads may 'turn my head'. However, one this is guaranteed.....there will always be little "gems" that can benefir ALL traders from time to time on this site.

And Silver's simple enquiry is a typical example.

Trader

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