I forgot to mention that I have pending buy order at weekly S1 on U/Cad at 1.01230
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 115 replies
Commodity Based Currencies UP/DOWN and About 13 replies
I took profit after 50 and 70 pips on 3,on U/Cad still have 2 open SL>B/E
the same for long A/U and short U/Chf, I like the U/Chf trade, as i told you that one needed to be hold for a while (now 85 pips* 4 position from 1.0640), I'll close 2 before the news SL>B/E
everything according to the planIgnored
DislikedCongrats on your profits!
Still got my U/C running. But as mentioned I might close it soon.
With only that one trade I should take those nice green pips.
On my U/CHF i did something really stupid. set my SL to BE too early (when beein at +20) and got stopped by 1 pip out last night on that last spike up before it turned south...
(stupid!!!) but I keep on learning ... especially from such mistakes.Ignored
you stopped out of U/Chf short? why? I told you that's a very good setting,
but dont worry , you can take a nice long at 1.0510 on U/chf if it gets there,
as you said I'm thinking of reducing my exposure before the news,Ignored
DislikedAs I said... just beein stupuid in that trade. but never mind learned something without having to take a loss
Lookin forrward to the Long entry now.
Always unsure of how to setup those pending orders properly. (For the U/CHF I would place the stop around 1.0472 --> Jan. 28th low ?!)
You always set it fixed on 40 pips.. or looking for other important levels around the entry area?
For the CAD around 1.0090?!
DislikedI try to keep it simple, for A/U ,U/Cad , U/Chf 40-50 is more than enough , if it hits you are probably took a bad trade, for E/U I would say 50-60 for U/J 30 for G/U (that's a nightmare) 60-70Ignored
DislikedShahab8b, on the AUD/USD we are reaching the 919x area again... are you not considering this to be a triple top pattern (trend reversal)?Ignored
Dislikedhere is a good short place, I'm scalping short in .9190 area, as my account allows me hedging
for calling it a reversal you need to wait and see PA around R at .9190 first,then wait for a break of S at .9100 area
then it would be a trip top, but to me
for now it's a rectangle continuation patternIgnored
DislikedThank you.... Keep it simple sounds always good to me
I really like your clean setups and charts.. without the whole bunch of those "super-mega-indicators"
(While changing from one indicator in the beginning I know prefer to have my charts almost "naked" and keep to the basics. some MA, fibs and the S/R levels.)
Really appreciate you sharing your knowledge..charts and analysis here with us!
Dislikedyou are welcome ,
you mentioned a good thing, I notice some traders are running multiple computers and charts and indicators and complex systems to make a trade,I think if you trade with pending orders at S/R and fib levels and from time to time look at few indicators you can get the better result.
anyways,what did you do with the short U/Cad? any open position on A/U?Ignored