Senin, 30 November 2009

Is this the Edge?

Christopher Columbus showed that the world was not flat and he didn't sail over the edge.

Well, I do have an edge. How do I know? Firstly, my trades are consistently profitable and secondly, what I do works in all liquid markets where I can get the information I need to see the order flow.

Today I am posting some extra charts of non index futures markets, the Euro FX and the Bund. By coincidence, at the present time both these markets work for me with 5 tick range bars.

Why should I care if I'm doing fine with the markets I am trading? Well, I was chatting with Kiki about trading from Australia or from Tokyo (she has a huge interest in everything Japanese). I did trade from Oz for a few months in 2003, when the Hang Seng future was the main tradable market.  Now, there is the Euro FX, Kospi, Nifty and others. Kiki wants to travel and trade. So an edge is an edge is an edge.

Let me note here that if volatility changes substantially, the methodology will not change but I may change from the 5 ticks range and my stop loss and first scale out would then change too. I know the next question is: how do you know that you have the change? The short answer is: when you see the increased volatility has arrived. The longer answer is for another day.

Euro FX Future

 


Bund Future

Today's trading was uneventful. There was one more trade I could have taken but my wife wanted to go Christmas shopping so..............


 
Click to enlarge
 

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