Monday, August 1, 2011

10PM Hawaii Time and it's Europe Open

A Bernoulli break, A Backtest, and some tasty targets to the downside.

Bernoulli is the Hawaii Trading custom channel.   Bernoulli was an old scientist guy who was big on numerology.  Actually, sometimes numbers "tricks" end up being an incredible tool pushing science forward over road blocks.    There are three channel extensions.

Here is an actual FX trade I placed

Pyschological tip:  If you ever place a trade "on accident", it does happen, especially when doing tricky conditional orders.   Just close it out and start fresh.   The $4 to $10 to place and correct the trade is alot cheaper than the emotional baggage that there is no need to leave the gate with.

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Insightful and Useful Comment!