[Tess]

any positions that are active in a pair (whether they be opm or personal accounts) for any longer than a day or two would be usually be drip fed or averaged in, regardless of the aggregate size.

it would have to be an awful lot of selling (buying) taking place during Tokyo to raise more than a eyebrow, & would normally signal some kind of unique event unfolding out there which wouldn’t necessarily be directly related to trading.

if that was the case, then there are certainly viable alternatives, including phased encashment & options to name but 2.

that’s a pretty much open question you pose though. A whole lot depends on which kind of strategy is being employed, over what timeframe, across which pair(s).

not every trade or account justifies a mid to long range view. Like everyone else out there, we’re at the mercy of what cards the market deals us. We trip up, we also occasionally get the timing wrong even though we nailed the directional flow. It’s horses & courses.

main concern is the risk management. You get that all disjointed & you’ll get your ass handed to you on a golden platter.

when we get a trade out of step or it begins to wash out – it’s time to cash your hand in, step back & re-assess.

when we get it right & the timings in tune – then it’s time to pile on & ride the waves.

You got yourself 2 main game plays out there mister: Damage limitation & profit exposure maximization.

Know when to hold em (& compound em) & know when to fold em

[Sledge]

Tess-
Very nice. Thanks so much for the in-depth reply. Another question for you: Any chance the reasoning for the lack of mid to long range view is related to the summer months and less liquidity and action going on?

I sincerely appreciate your views and insight! I also wanted to ask about the Tokyo session. It is always pretty slow and lean as you said. So can I ask- what is your cut-off for your daily picture? Is it London Open to NY Close? You gauge decisions on future direction by what happens on that timeframe? Or something else?
Thanks
Aaron

[Tess]

I think the reduced summer-months activity is simply a coincidence this time around Aaron. Sure, there’s definitely less participation at this time of the year, but there’s also a whole pile of other major issues playing out around the world. When you got uncertainty & nervous psychology causing ripples out there, then it’ll get reflected in the price bars.

i’m not saying Tokyo is unplayable. It’s just we prefer to roll our sleeves up & start slugging when the playground fills up with kids, & that generally kicks off as the Frankfurt & London children arrive at school.

if you study your technical charts, you’ll often see the Yens & their Australasian counterparts doing a little business during the Tokyo shift. The majors might be in snooze mode, but occasionally you’ll get movement, especially if the equity markets are in overdrive.

but I guess it would be prudent to transact your business when the liquidity is likely to be at it’s highest? & that definitely pans out during European hours & the NY overlap.

our normal daily open to close business hours are Frankfurt open thru to the London close, with half an eye on NY for another couple hrs if it’s been a busy day.

[Sledge]

Originally Posted by Tess »

our normal daily open to close business hours are Frankfurt open thru to the London close, with half an eye on NY for another couple hrs if it’s been a busy day.

So would it be fair to say that Frankfurt open until NY at Noon (on busy days) gives you a clear enough picture to be able to feel confident in your plays until the Frankfurt open again? I know this may sound "prying" in a way, but I'm working to filter the bars I look at.. Seperate the wheat from the chaff and eliminate some noise from my radar.

Andre had pointed out to me a while back that Tokyo and Aussie sessions are pretty slow and weak, and they can be filtered out. But I'm working to find which sessions and parts of sessions to really focus on.. figure I have a great group to ask the question of.

Much Thanks!
Aaron

[Anna-Maria]

The times she mentioned are the engine room of the days activity for sure Aaron. If you’re primarily engaged in intra-day plays then that timeframe will be somewhat influential in your decision making.

If you’re still utilizing vsa? then like she said, you’d be prudent to focus on the times where the participation/volume is in full flow. I'm not trying to hedge or parry your questions, but each person see's things very different from the next one. And most of the decisions, bias & focus usually revolve around the strategies & set-ups utilized.

Andre rolls most his stuff over wherever possible. He rarely participates in intra-day visits to the markets, certainly not as an intentioned play. So his primary focus, strategies & influences will be different to someone adopting a more short-term view of the market.

What you really need to do is suck it & see. It would be bad form for me or anyone else to influence or deflect you from researching a particular pair or specific time-zone. What suits your style won’t suit mine & vice versa.

You'll soon get a handle on what works (suited to your style) & what doesn't once you attempt to get to work on a pair around differing conditions.

[pipMonster]

Hey there Anna and Tess,

Since it's exceedingly slow this morning, I thought I would point you all to a very important article:

http://www.theonion.com/content/news...nation_demands

- Jack

[GammaJammer]

Outstanding

GJ

[Tess]

Originally Posted by pipMonster »

Hey there Anna and Tess,

Since it's exceedingly slow this morning, I thought I would point you all to a very important article:

aha, so you're the culprit?!

we had that one forwarded from our brother last week.