Quickie Scalp For Another Small Gain
Just a simple breakdown/retest trade in the GBP/USD that I stumbled across as I came upstairs for consulting client call.
-
-
Buy Bo’s Books
Popular Posts
- Abundance Mindset Contest!
- Cash Bomb Sequence 2.0!
- Quickie Scalp For Another Small Gain
- Liquidity Pool Theory
- A Quick Winner To Start The Morning
- Trade #2 in the Cash Bomb Sequence
- Introduction to Cash Bombing
- A Perfect Setup Fizzles
- A "Peek" Double Top In The British Pound
- Why High Probability Trades Are For The Birds...
Categories
Archives
Disclaimer
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.
THE RISK OF LOSS IN FOREX TRADING CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD ALSO BE AWARE OF THE FOLLOWING:
FOREX TRANSACTIONS ARE NOT TRADED ON AN EXCHANGE, AND THOSE FUNDS DEPOSITED WITH THE COUNTERPARTY FOR FOREX TRANSACTIONS MAY NOT RECEIVE THE SAME PROTECTIONS AS FUNDS USED TO MARGIN OR GUARANTEE EXCHANGE-TRADED FUTURES AND OPTIONS CONTRACTS. IF THE COUNTERPARTY BECOMES INSOLVENT AND YOU HAVE A CLAIM FOR AMOUNTS DEPOSITED OR PROFITS EARNED ON TRANSACTIONS WITH THE COUNTERPARTY, YOUR CLAIM MAY NOT RECEIVE A PRIORITY. WITHOUT A PRIORITY, YOU ARE A GENERAL CREDITOR AND YOUR CLAIM WILL BE PAID, ALONG WITH THE CLAIMS OF OTHER GENERAL CREDITORS, FROM ANY MONIES STILL AVAILABLE AFTER PRIORITY CLAIMS ARE PAID. EVEN CUSTOMER FUNDS THAT THE COUNTERPARTY KEEPS SEPARATE FROM ITS OWN OPERATING FUNDS MAY NOT BE SAFE FROM THE CLAIMS OF OTHER GENERAL AND PRIORITY CREDITORS.
ALL TRADING IDEAS & STRATEGIES, PROFITS & LOSSES DISCUSSED ON THIS WEBSITE ARE PROPRIETARY TO BO YODER'S PERSONAL TRADING PROGRAM, AND DO NOT INCLUDE COMMISSIONS, PERFORMANCE OR INCENTIVE FEES.
THIS SITE MAY LINK TO THIRD PARTY WEBSITES SUCH AS AMAZON.COM, AND MAY RECEIVE A ROYALTY OR COMMISSION ON ANY PURCHASES MADE.
June 2nd, 2009 at 5:54 am
I wonder if I’ve missed something glaringly obvious. (It wouldn’t be the first time.) Have you posted anything about the method behind the Cash Bomb trades? Are there any rules? So far, it seems that you’re using 20, 40, and 200 candle simple moving averages. Correct? How about setups and money management? Hope I’m not being a pest.
June 2nd, 2009 at 6:02 am
Those are the three MA’s… 20 and 40ema and the 200sma.
I have not said anything about the style yet as I want to show in real time the power of this plan, (And I want to take the time to properly lay out the educational materials so it is repeatable…)
June 3rd, 2009 at 7:23 am
Thanks for the clarification. I bought Optimize Your Trading Edge about a year ago, and I remember how emphatically you drew a distinction between High Accuracy/Low Risk-to-Reward and the diametric opposite. I take your point that accuracy is grossly overrated. I do understand, however, that the principles laid out in the book are inverted (?) for the purpose of CashBomb trading. I’m re-reading the book during those elusive free moments. Watching the CashBomb series in action is fascinating. Many thanks!