lj,
trust you are watching these too for a daily play (long)
trust you are watching these too for a daily play (long)
My path to financial freedom 17 replies
Singapore trader's journal (the road to financial freedom) 8 replies
My Path To Financial Freedom 221 replies
Trade Your Way to Financial Freedom......... 10 replies
DislikedIf we have a confirmed breakout then yeah I'll go long.
looking to get into any GBP pair at the moment and play its strong fundamentals while they last!Ignored
Dislikedi am more in favour of gcad because gnzd has an immediate resistance of 2.2
i am not sure of s/l yet, since this is new to me (trading trend line breaks and against long term trend)Ignored
DislikedYeah I agree on G/NZD resistance but what I do like is the series of higher lows and higher highs.
Will you play a clean break. I'll probably (maybe) enter a small position no a clean break and then a proper position on retest. I don't know about SL but it will be at a level where I would feel that the reason for my trade entry has been invalidated. I'd look at the ATR too to get a feel for the likely daily range so to make sure that I wouldn't get stopped out by a mere daily spike etc.Ignored
Dislikedi will firstly want the daily to close above 5900 (in gcad's case).
depending on how far away it closes from 5900, i will place a limit buy at say 5950.. if it closes just above 5900 by a few pips, i will buy at market, but very low lot size.
this is purely experimental for me. my daily closes in another 2.5 hous.
i am wanting to get back into cable but the danged thing isnt falling!Ignored
DislikedHere are my relevant levels. Problem with GU is that we are near daily resistance level now but I would take a trade base don 4HR retrace to 1.5000Ignored
Dislikedwell my gbpcad daily candle closed at 5898. so wait and watch tomorrow. will now look for closes on h4 candle above 5900.Ignored
DislikedNeutro (or anyone who knows H&S patterns better than me - which is most!)...is this a valid pattern?
If so then 8366 on DJI if neckline breaks?Ignored
DislikedNeutro (or anyone who knows H&S patterns better than me - which is most!)...is this a valid pattern?
If so then 8366 on DJI if neckline breaks?Ignored
DislikedWell LJ, check this post out...
http://www.forexfactory.com/showpost...postcount=1995
Unfortunately, not only did I not profit from it, I lost a lot of %... Being tight and thinking it would rise to the pip of the left shoulder made me not get into the down movement...
And yes, if the neckline breaks, buckle up, because as I can see it, declines are violent.Ignored
DislikedYeah I remember the post now. Just stumbled across it when looking atDollar Index chartIgnored
Dislikeddid you manage to put different brokers in one platform?
need an update on USDX?
Here it is anyway
http://screencast.com/t/NTRkOThmNTQtIgnored
DislikedI've realised how poor my trading has been recently over the last few days and some things I am dong wrong.
1. I am giving too much attention to future potential scenarios rather than trading what is happening at the moment. I'm giving too much weight to YM.
For example I was waiting for price to retrace down to the 61 fib area and PPz of 9970 before looking for longs on FX and didn't want to take shorts until then as were were so close to the PPZ.
The area didn't hold and we fell down to 9800 PPZ area where we are now bouncing, but my point...Ignored
Disliked5. Create a profile with as many tradable daily charts as possible...I'm talking all FX, futures and CFD's that Fxpro has to offer - there are countless PA setups on the daily TF's occurring all the time which are easy money in the bankIgnored
DislikedI like how you write your thoughts here, it's a big thing to do.
Ok, here's what I'm in since yesterday. EURCAD Long term play, I'm letting it SL or shooting for the moon. Targeting 1.3 then 1.35 and I'll add on a retrace of this daily BUOB (1.2780-1.2800).
Regarding the daily profile. With the VIX edging higher, longer term plays are a bit risky at the moment. Volatility is good for intraday trading, it hurts the longer term viewers since direction changes are frequent. (and still I'm in EC long term )Ignored
DislikedSomehow I managed to turn a runner into a loser. And this is the best trade of the day. Going up and down with GU all day, turning +2R winners into losers, was the worst thing I done in my trading career so far. I'm so disappointed with myself, I can't even tell you.
I'm going to take a break from trading, at least this week and put all my thoughts and rules and everything in order so that I can come back better.
Good luck with your endeavors LJ, we'll talk here some time in the future. You can reach me by mail, of course.Ignored