Heirloom Trading

Heirloom Trading is about passing on my legacy to my children. My way of reading the markets works. It is about identifying opportunities in the current environment in non-traditional ways. The fact that I cannot precisely define it is why I feel my method is robust - it is a good thing that I cannot program this method. My experience in the last 20 years has been through every market condition. It repeats itself, just the volatility and speed changes. The key is to know how to trade each state.

Friday, May 22, 2015

Losses From Reading Volume 2 (Follow-up)

Yesterday I bought EURJPY after seeing the SOS. Unfortunately I bought at the 60 min range highs. As mentioned it was foolish to expect my stop to hold if the SM allowed the mkt to drop so they could accumulate lower. Today the mkt tested the lower end of the range and held.

A buy taken at the lows requires a smaller stop and has a greater potential reward higher. At the time of the snapshot the mkt has reached the 60 min range highs again - 70 pips higher. Profits could either be taken or stop moved to BE. This is the proper sequencing for a countertrend buy.

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Friday, May 22, 2015

Losses From Reading Volume 2 (Follow-up)

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