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  • Post #10,221
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  • Jan 31, 2011 5:56pm Jan 31, 2011 5:56pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Quoting surewin888
Disliked
Looking to short around 23.6% retracement as you see in the chart.
http://www.forexfactory.com/showpost...ostcount=10214
Ignored
don't like its action. close it for 10 pips gain.
 
 
  • Post #10,222
  • Quote
  • Jan 31, 2011 5:57pm Jan 31, 2011 5:57pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Quoting surewin888
Disliked
I have pending order to sell eurgbp as you see from the chart
http://www.forexfactory.com/showpost...ostcount=10211
Ignored

eurgbp t1 hits with 50 pips gain. now SL @ breakeven. I personally close t2 as well. just leave another 40% running of total trade
 
 
  • Post #10,223
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  • Jan 31, 2011 5:58pm Jan 31, 2011 5:58pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Quoting surewin888
Disliked
I open this position last night. now SL @ breakeven. target around 131.30 area where it is 38.2 retracement
http://www.forexfactory.com/showpost...ostcount=10212
Ignored

target hits with 100 pips gain
 
 
  • Post #10,224
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  • Jan 31, 2011 5:59pm Jan 31, 2011 5:59pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Quoting surewin888
Disliked
I close my t1 target on this already...I think it has more upside to go
http://www.forexfactory.com/showpost...ostcount=10210
Ignored

audnzd t1 hits with 50 pips gain. now SL @breakeven
 
 
  • Post #10,225
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  • Jan 31, 2011 6:00pm Jan 31, 2011 6:00pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Quoting surewin888
Disliked
I would expect eurcad will pull back into 61.8% retracement
http://www.forexfactory.com/showpost...ostcount=10206
Ignored

Stopout the position for -40 pips
 
 
  • Post #10,226
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  • Jan 31, 2011 11:51pm Jan 31, 2011 11:51pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
I short eurchf @1.2930 at the trendline resistance.
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  • Post #10,227
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  • Jan 31, 2011 11:52pm Jan 31, 2011 11:52pm
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Here is my eurusd and gbpusd analysis...it seems to me it has some more upside before another fall.
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  • Post #10,228
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  • Jan 31, 2011 11:54pm Jan 31, 2011 11:54pm
  •  NicholasWong
  • | Joined May 2010 | Status: Junior Member | 3 Posts
CHARTING THE POUND
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  • Post #10,229
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  • Feb 1, 2011 7:40am Feb 1, 2011 7:40am
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
I took short on its congestion area which was support area before.
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  • Post #10,230
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  • Feb 1, 2011 8:05am Feb 1, 2011 8:05am
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
eurcad seems topping in very smaller timeframe. and there is negative divergence developing in 4hr.
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  • Post #10,231
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  • Feb 1, 2011 8:10am Feb 1, 2011 8:10am
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
It is at trend line resistance. and more resistance above.
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  • Post #10,232
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  • Feb 1, 2011 9:07am Feb 1, 2011 9:07am
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
If dollar index finds its support here. I would expect risk asset will sell off. All of them are in resistance area. like audusd, gbpusd and eurusd.
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  • Post #10,233
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  • Feb 1, 2011 9:44am Feb 1, 2011 9:44am
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Looking to sell gbpusd on its breakdown. It finds resistence on its trendline.
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  • Post #10,234
  • Quote
  • Feb 1, 2011 9:51am Feb 1, 2011 9:51am
  •  surewin888
  • | Commercial Member | Joined Dec 2010 | 648 Posts
Looking to short eurcad on its breakdown in smaller timeframe.
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Size: 126 KB
 
 
  • Post #10,235
  • Quote
  • Feb 3, 2011 6:31pm Feb 3, 2011 6:31pm
  •  shiko
  • | Joined Feb 2009 | Status: Member | 2,444 Posts
Custos, how are you doing?
I have a question buddy, regarding in trade management. I remember you mentioned you are trading without take profit when you follow the trend.
What signal you use to decide that trend is likely reversed and close your position? what time frame you use for this? Is it failure to make lower low or higher high with something like what we see happened with Eur/Jpy 4 h uptrend where we can see head and shoulders plus other stuff you can see on my chart.

Attached Image (click to enlarge)
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Missed that break. My schedule is hectic. I actually have missed almost all good set ups but eur/aud on which I am 300 pips in the money now so, I am using this opportunity to manage this trade as the pair is in long down trend.
 
 
  • Post #10,236
  • Quote
  • Feb 3, 2011 7:21pm Feb 3, 2011 7:21pm
  •  NightMoves
  • Joined Dec 2007 | Status: Trading the Trends | 2,584 Posts
I thought I would post a trade I took earlier this morning, I have not posted any trades in a while, this trade was based off the daily chart with entry on the 4hr trigger chart. It missed the target I was looking for but I took it anyway. So far 145 pips to the good.

--NM
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  • Post #10,237
  • Quote
  • Feb 3, 2011 8:15pm Feb 3, 2011 8:15pm
  •  NightMoves
  • Joined Dec 2007 | Status: Trading the Trends | 2,584 Posts
Here is a snapshot of the FX Currency index showing the strong pairs and weak pairs on different time frames.

--NM
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Name: Currency Index Feb2_2011.png
Size: 5 KB
 
 
  • Post #10,238
  • Quote
  • Feb 3, 2011 8:55pm Feb 3, 2011 8:55pm
  •  shiko
  • | Joined Feb 2009 | Status: Member | 2,444 Posts
Quoting NightMoves
Disliked
Here is a snapshot of the FX Currency index showing the strong pairs and weak pairs on different time frames.

--NM
Ignored

NM, good to see you back!

What does strong or weak pair mean according to this index?
 
 
  • Post #10,239
  • Quote
  • Feb 4, 2011 1:32am Feb 4, 2011 1:32am
  •  Custos
  • Joined Dec 2006 | Status: Member | 3,852 Posts
Quoting shiko
Disliked
Custos, how are you doing?
I have a question buddy, regarding in trade management. I remember you mentioned you are trading without take profit when you follow the trend.
What signal you use to decide that trend is likely reversed and close your position? what time frame you use for this? Is it failure to make lower low or higher high with something like what we see happened with Eur/Jpy 4 h uptrend where we can see head and shoulders plus other stuff you can see on my chart.

Attachment 632143

Missed that break. My schedule is hectic. I...
Ignored
It's when momentum starts to drop that I close my position. Any time-frame.
 
 
  • Post #10,240
  • Quote
  • Feb 4, 2011 1:33am Feb 4, 2011 1:33am
  •  Custos
  • Joined Dec 2006 | Status: Member | 3,852 Posts
Quoting shiko
Disliked
NM, good to see you back!

What does strong or weak pair mean according to this index?
Ignored
it goes by currency, not currency pair.

euro is strong
aud is weak

so eur/aud should be a good combination to trade.
 
 
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