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  • Post #781
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  • Sep 12, 2011 7:30am Sep 12, 2011 7:30am
  •  howard
  • | Joined Sep 2006 | Status: howard | 1,681 Posts
Quoting Stumpy1
Disliked
Hi Guys confirming on weekly ( that is only trading in the direction of the weekly trend)
My first trade is breakeven and heading for TP one it is the AUD/NZD
Ignored
How do you determine the weekly trend?
Regards
 
 
  • Post #782
  • Quote
  • Sep 12, 2011 7:39am Sep 12, 2011 7:39am
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Quoting Stumpy1
Disliked
Hi Guys confirming on weekly ( that is only trading in the direction of the weekly trend)
My first trade is breakeven and heading for TP one it is the AUD/NZD
Ignored
I'm in there with you...
Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #783
  • Quote
  • Sep 12, 2011 7:58pm Sep 12, 2011 7:58pm
  •  Stumpy1
  • | Joined Jul 2008 | Status: Member | 217 Posts
Quoting howard
Disliked
How do you determine the weekly trend?
Ignored
I use a cross over of10 and 8 simple moving average on the weekly chart
BTW 1st target 170 pips met second is still running
 
 
  • Post #784
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  • Sep 12, 2011 8:04pm Sep 12, 2011 8:04pm
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Quoting Stumpy1
Disliked
I use a cross over of10 and 8 simple moving average on the weekly chart
BTW 1st target 170 pips met second is still running
Ignored
2nd lot running...

I think we are going to have to sut through some retracement though

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #785
  • Quote
  • Sep 13, 2011 2:27pm Sep 13, 2011 2:27pm
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Worth looking at...

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #786
  • Quote
  • Sep 14, 2011 5:23am Sep 14, 2011 5:23am
  •  indy360
  • | Joined Feb 2010 | Status: Member | 189 Posts
Hi Slurpee / Olu,

Thanks for a great thread, I have been quietly following and am enjoying the stress free approach!

Can I for some opinions on this trade I have taken on demo. Would you class this as a valid trade? It is currently at +37 pips on both positions but I'm not sure if it is going to move much more. I know people have said previously not to trade the JPY pairs due to intervention etc. Would you consider closing this trade or let it run to either TP/BE or SL?

Trade was taken at the red vertical line on the close of that daily candle.

Thanks in advance

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  • Post #787
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  • Sep 14, 2011 7:14am Sep 14, 2011 7:14am
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Quoting indy360
Disliked
Hi Slurpee / Olu,

Thanks for a great thread, I have been quietly following and am enjoying the stress free approach!

Can I for some opinions on this trade I have taken on demo. Would you class this as a valid trade? It is currently at +37 pips on both positions but I'm not sure if it is going to move much more. I know people have said previously not to trade the JPY pairs due to intervention etc. Would you consider closing this trade or let it run to either TP/BE or SL?

Trade was taken at the red vertical line on the close of that daily...
Ignored
inho this is a valid trade. However fear of intervention and market manipulation made me not take take this trade. About whether to close or not - the system says continue. On the other hand if you fear intervention 2x37 pips is good as well

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #788
  • Quote
  • Sep 14, 2011 7:30am Sep 14, 2011 7:30am
  •  indy360
  • | Joined Feb 2010 | Status: Member | 189 Posts
As I thought, thanks Olu.
 
 
  • Post #789
  • Quote
  • Sep 14, 2011 4:16pm Sep 14, 2011 4:16pm
  •  indy360
  • | Joined Feb 2010 | Status: Member | 189 Posts
I decided to move SL to BE + 5 on both positionson my USDJPY trade as they are now at + 60 pips, just incase there is any intevention.
 
 
  • Post #790
  • Quote
  • Sep 15, 2011 6:15am Sep 15, 2011 6:15am
  •  indy360
  • | Joined Feb 2010 | Status: Member | 189 Posts
On the radar....

XAGUSD
NZDUSD
GBPAUD
 
 
  • Post #791
  • Quote
  • Sep 15, 2011 6:37am Sep 15, 2011 6:37am
  •  stevebalmmer
  • | Joined Dec 2009 | Status: Member | 981 Posts
at midnight i look at the radar, thanks.
Quoting indy360
Disliked
On the radar....

XAGUSD
NZDUSD
GBPAUD
Ignored
 
 
  • Post #792
  • Quote
  • Sep 15, 2011 7:09am Sep 15, 2011 7:09am
  •  indy360
  • | Joined Feb 2010 | Status: Member | 189 Posts
Quoting stevebalmmer
Disliked
at midnight i look at the radar, thanks.
Ignored
Me too, but I had a spare minute in work and thought I would have a look to see if I could see any possible set ups for midnight, thanks
 
 
  • Post #793
  • Quote
  • Sep 15, 2011 6:34pm Sep 15, 2011 6:34pm
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
This pair is flashing a sell signal...

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #794
  • Quote
  • Edited 8:19pm Sep 15, 2011 7:27pm | Edited 8:19pm
  •  PeterE
  • Joined Oct 2009 | Status: magic | 1,729 Posts
agree, albeit on a lower TF,.......just waiting now

edit: or reversal!?

.
Quoting Olu
Disliked
This pair is flashing a sell signal...

Olu
Ignored
 
 
  • Post #795
  • Quote
  • Sep 16, 2011 1:04am Sep 16, 2011 1:04am
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
NZD/USD - Long
GBP/AUD - Short - taken
 
 
  • Post #796
  • Quote
  • Sep 16, 2011 5:16am Sep 16, 2011 5:16am
  •  indy360
  • | Joined Feb 2010 | Status: Member | 189 Posts
Quoting indy360
Disliked
On the radar....

XAGUSD
NZDUSD
GBPAUD
Ignored
Morning all,

The XAGUSD didn't cross so no trade, currently in NZDUSD long and currently +35 on both positions and short on GPBAUD +19 on both.

I wasn't around at the close of the daily candle so I set pending orders 20 pips away from the price when I left the computer whcih was about an hour before the close and both triggered.

Will update as the trades develope.

Have a good day

 
 
  • Post #797
  • Quote
  • Sep 16, 2011 4:28pm Sep 16, 2011 4:28pm
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
Did not want to take week end risk and took profits 75 and 23 pips for NZD/USD and GBP/AUD...
Quoting FX_California
Disliked
NZD/USD - Long
GBP/AUD - Short - taken
Ignored
 
 
  • Post #798
  • Quote
  • Sep 19, 2011 8:49am Sep 19, 2011 8:49am
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
usdcad (long)

BTW all the currencies are taking a pastering from the usdollar atm. If this trade triggers it could break out topside...

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #799
  • Quote
  • Edited 7:35pm Sep 19, 2011 7:32pm | Edited 7:35pm
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
This pair is giving a sell signal. Is it the same on your platforms?

eurgbp and usdcad are confirmed trades

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #800
  • Quote
  • Sep 19, 2011 8:34pm Sep 19, 2011 8:34pm
  •  jucaorma
  • | Joined Aug 2006 | Status: Member | 186 Posts
Quoting Olu
Disliked
This pair is giving a sell signal. Is it the same on your platforms?

eurgbp and usdcad are confirmed trades

Olu
Ignored
usdcad have a week resistance on 0.99444

i dont like it


i make a sell eurgbp

euraud is also a valid trade sell
 
 
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