Monday, May 18, 2009 7:17:05 PM
For Sherri and anyone interested.
First off I post this here because I don't think I am ready to offer advice on the "GREEN" room.
This is a 15 minute chart of EUR/JEN using simple technical indicators. The parameters used for the SSD and CCI where developed using lots of backtesting.
To begin with, I don't initially want to enter a trade unless the moving lines on the SSD and CCI are below the green (buy) lines and are crossing back above.
This chart here is a back test to show me and other short term traders, that once a trend is formed it is safe to stay in a trade.
On the price chart you see the green vertical and horizontal line, my entry point.
On my micro account I figured 5 micro lots ($0.50 per pip) with a 50 pip trailing stop would be reasonable and a failure would only cost $25. The orange horizontal is the trailing stop. Each horizontal and short vertical line indicates where the trailing stop would activate.
As you can see, the original $25 risk is now worth 250 pips or $125 if the stop gets hit.
THe moving lines on the SSD and CCI are staying safely above the but indicator so there is no reason to exit.
First off I post this here because I don't think I am ready to offer advice on the "GREEN" room.
This is a 15 minute chart of EUR/JEN using simple technical indicators. The parameters used for the SSD and CCI where developed using lots of backtesting.
To begin with, I don't initially want to enter a trade unless the moving lines on the SSD and CCI are below the green (buy) lines and are crossing back above.
This chart here is a back test to show me and other short term traders, that once a trend is formed it is safe to stay in a trade.
On the price chart you see the green vertical and horizontal line, my entry point.
On my micro account I figured 5 micro lots ($0.50 per pip) with a 50 pip trailing stop would be reasonable and a failure would only cost $25. The orange horizontal is the trailing stop. Each horizontal and short vertical line indicates where the trailing stop would activate.
As you can see, the original $25 risk is now worth 250 pips or $125 if the stop gets hit.
THe moving lines on the SSD and CCI are staying safely above the but indicator so there is no reason to exit.
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