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So @ BE now I want to break into that green zone buy some more and start locking in profits. Normal protocol would be to buy more now instead of going to break even but I loaded up a bit hard on the second position and gave myself a bit of a scare on the retrace.

Bought 1.5 at 321

Then another 3! @ 335... (a little much, a little close), but luckily survived the retrace.

Need to remember to put stops at places that make me WRONG, not places that make me rich..

Anyway I should load up another 3 lots here but I think I've been lucky enough for 1 day so might see what happens from here on out and just wait until my alarm signals the break of 376.

Still have big things in mind for the Aussie so no need to rush so early in the week.

Keep in mind I could be completely wrong and this thing could just snap against me, but no harm in trying hey.

EDIT stops at that closest green line to the South I should add @ 335..
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Time hides Nothing
So getting a bit of a short term rejection at the green zone now which I'm not liking... I added almost on the high another 1.5 and now on this rejection going to Break even.. If it break s hard long after some messing around will consider adding again and bringing stops up but BE currently at 345... Giving it some room for a retrace which it looks like it needs.

Nearly time for some Z's so just wait and see what tomorrow brings I guess. Currently up 3:1 but as I mentioned I'm shooting for bigger R:R ratios and so tempting as it is to take profits will just stick to the plan.

Ideally We break into the green zone and hold above long enough to give a nice rest so I can bring stops of this trade up lock in a profit of somewhere around 4:1/ 5:1 and then with the right price action start the whole process again whilst holding my original trade.

That's the plan anyway... This would be a likely turning point if things were to go short though , hence why my "profit" zone is above this price level. Not surprising to see some selling from here though, just hope the buyers hold strong. Nothing else I can do.
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Quoting CindyXXXX
Not sure why my journal always turns into happy hour at the pub
Because you're a friendly bloke. Better than going around the forum talking to yourself.

Nice trade. A/U is also bumping it's head against it's 200 DMA at the moment. You know what they say about the 200 MA. There was a nice pin on the 4 hour as well (at least on my chart).

Good luck
Nothing worth having is easy.
Quoting Patience
Because you're a friendly bloke. Better than going around the forum talking to yourself.

Nice trade. A/U is also bumping it's head against it's 200 DMA at the moment. You know what they say about the 200 MA. There was a nice pin on the 4 hour as well (at least on my chart).

Good luck
Thanks for the heads up what TF are your Averages on and whats a DMA (Daily MA?)

That's why the H4 TF is bad for PA you say Tomato I say Tomaydo... No pin on mine in sight (or you mean the bullish one at the bottom, I got one there).

Bed time for me.
Time hides Nothing
Quoting CindyXXXX
Thanks for the heads up what TF are your Averages on and whats a DMA (Daily MA?)

That's why the H4 TF is bad for PA you say Tomato I say Tomaydo... No pin on mine in sight (or you mean the bullish one at the bottom, I got one there).

Bed time for me.
Can't see your pin at the bottom. On my 4-hour chart, it is very clear. Along with some bullish divergence.

I just have the same averages on all my charts. And yes, when I said DMA, I meant daily but it's under it on 4 hour as well. But you've got good earnings and positive indices on your side.

Sleep well.

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Nothing worth having is easy.
Quoting Patience
Can't see your pin at the bottom. On my 4-hour chart, it is very clear. Along with some bullish divergence.

Attachment
Oh yeah yeah, same as mine, just haven't posted the closed H4 chart... hmmm 350 option expiry isn't gonna help this trade.

Holy sh*t 15 post from me today that's gotta be some kinda record... really gone now.

Edit: So closed this now at 1.04 being a nice number and after this sensational rally and with the options magnet i think it is the safe thing to do 6:1 profit. In bed will post a chart tomorrow.

I had a profit locked in at 381 but it looked like a sitting duck from this level, couldn't find anywhere to lock a stop that would allow me to sleep so I'm either going to regret that dearly or not tomorrow. Hopefully it dumps again so I can re enter tomorrow or later in the week.

If not then I'm an idiot. That's why I like to hold so that if this thing keeps rallying I'm not locked out of the market, but anyway those options expiries stress me out.

Also note to self: if this ends up a bad decision I will never look at Forex live again. They've had a habit in the past of negatively influencing my trades.

This jouraling business is hard work...
Time hides Nothing
Quoting Patience
Because you're a friendly bloke. Better than going around the forum talking to yourself.

Nice trade. A/U is also bumping it's head against it's 200 DMA at the moment. You know what they say about the 200 MA. There was a nice pin on the 4 hour as well (at least on my chart).

Good luck
Hey,

Sorry guys, Probably me who drags things off track ( once I have a few vino's with dinner all ethical, sensible banter is reduced to alcohol talk, LOL).

Cindy, sorry, I didn't realise it was policed to that extent, I didnt realise Twee was applying the thumb screws on your journal...........

I promise to behave in a sensible, decent manor from now on, strictly FX talk only........... .

I reckon we should open a thread in the "members lounge" and call it hmmmmmmm.............................The full Monty.............. We can then discuss alcohol fuelled banter (anything) without upsetting the cartel.... Then we can pop back here and act all civilised.......lol....What do Ya reckon.......??

OK, better behave.........

Nice AU trade Cindy, I played this one down to the weekly trend-line, as it was in a nice swing order, and a risk off environment.....Looks like the tide is turning (a bit), FTSE and NAS both up and bullish today, although I think longer term there's more risk off downside to come, we shall see...

Nothing turning me on at the moment, nothing with any swing order................EJ and GJ look OK on the 4hr but have conflicting "pins" on the dailys, a big no-no........Plus its about time we had some more BOJ intervention........

Also.....

JPY
Japan will give 60 billion US Dollars in loans to the IMF to boost IMF lending capacity. The IMF has asked its members to contribute more funds to stabilize situation in the indebted Euro Zone countries. Meanwhile Japan expects other members of the IMF to back up the fund. The agreement with Japan is a significant step towards promoting world's economic stability, said Christine Lagarde, the head of the IMF.

So it looks like the sidelines for me at the mo................

Oh, I almost forgot, did I see a 15m chart earlier in the thread ........................................Wow, you guys are far to scary for me..... : ) but I do enjoy your scary TA banter.....

Ja,
Memories caught in time but never forgotten
Quoting j4d
Hey,

Sorry guys, Probably me who drags things off track ( once I have a few vino's with dinner all ethical, sensible banter is reduced to alcohol talk, LOL).

Cindy, sorry, I didn't realise it was policed to that extent, I didnt realise Twee was applying the thumb screws on your journal...........

I promise to behave in a sensible, decent manor from now on, strictly FX talk only........... .

I reckon we should open a thread in the "members lounge" and call it hmmmmmmm.............................The full Monty.................
Hey Ja don't worry about it do whatever you want just every now and then mention trading or something and all is fine. I just wanted to post at least one trade in here. Too much work to do that everyday though. It's bad Chii also according to Trout, I do agree with that

Oh yeah 15m Chart just for watching the intraday action, most of my decisions are based off much longer term action. The H1 and 15m just give it a bit more personality intraday, but also of course a little loud in the noise department.
Time hides Nothing
Quoting CindyXXXX

Edit: So closed this now at 1.04 being a nice number and after this sensational rally and with the options magnet i think it is the safe thing to do 6:1 profit. In bed will post a chart tomorrow.

I had a profit locked in at 381 but it looked like a sitting duck from this level, couldn't find anywhere to lock a stop that would allow me to sleep so I'm either going to regret that dearly or not tomorrow. Hopefully it dumps again so I can re enter tomorrow or later in the week.
Chart as promised... Happy now with my decision... This is what I was afraid of last night.. If I'd locked in the profit at 381, would have just been stopped out for about half of what I got.

The Blue line is the Option which is apparently meant to expire at 10:00am GMT today.

 

  1. The green lines show all the prices I entered (should have had a forth in between the 2nd and 3rd).
  2. The Red line at the top the Price I closed everything.
  3. Red line at bottom initial stop placement.

Was actually 5:1 profit in the end (5%).

Might just take it easy today and look for a push into 345 maybe and enter long again... Normally I'd be looking long again from a nice push from here but, just want to be careful with that option underneath. It would take some serious convincing form to go long from here, but stranger things have happened.

Anyway will shut up now. Maybe do one of these a week or month. I hope it was as good for you as it was for me .

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  • Post #110
  • Quote
  • Edited Apr 19, 2012 7:07am Apr 18, 2012 2:51pm | Edited Apr 19, 2012 7:07am
Quoting CindyXXXX
Was actually 5:1 profit in the end (5%).

Might just take it easy today and look for a push into 345 maybe and enter long again...
So You should..........Hey 5% for a weeks trading in anyone's book is good going..... I find the key for me being successful is to take my foot of the gas after a decent trade, not to go hunting down every move when I'm full of confidence .......

Perhaps we should do what the spiders do in Pakistan......

As For me still waiting for the right environment......


Ja.
Memories caught in time but never forgotten
  • Post #111
  • Quote
  • Edited Apr 20, 2012 1:53am Apr 19, 2012 5:15pm | Edited Apr 20, 2012 1:53am
Hey Cindy,

I know you like your clubbing, It would be interesting to hear about the Aussie scene........................ I bet patience doesn't mind a "drift" around the floor either.........I Can tell........

So If your out this weekend, or not, you guys have a good time.......

Oh.....nothing on my radar this week( or if it was I missed it), hopefully next week will be more exciting on the trading front for me..........7.89% for the year so far, so not to exciting...But...... will do for me...

Ja..
Memories caught in time but never forgotten
Quoting j4d
Hey Cindy,

I know you like your clubbing, It would be interesting to hear about the Aussie scene........................ I bet patience doesn't mind a "drift" around the floor either.........I Can tell........

The London club scene started for me in the early 90's ( i would have been early 20's), the like's of Bagley's, limelight, the cross...
Wow.... Someones been busy

Before this gets awkward... Please play your music in the music thread... Sorry to sound like a party pooper but I can't be your wing man LMAO.... I kid .

But seriously... Had too many dramas from you tube vids in there, and would rather not bring the destruction over here... Ya know, paranoia and stuff...

Anyway... You prob think I'm a lot younger than I actually am... I don't actually go out so much these days, just every now and then, but when I do I go pretty hard. I'm probably not the best person to ask about the Aussie club scene. More a Pubber myself, but when I'm drunk enough don't mind getting the old dance shoes on. I guess I'm kinda boring.

One of the advantages of not having a wife I guess !

Did you get the Micro Pig?
Time hides Nothing
Hey, no problem.......

Just sticking with the dog...
Memories caught in time but never forgotten
y XXXX .........forth X... why.. why. why.. haha
  • Post #115
  • Quote
  • Edited 11:14pm Apr 23, 2012 10:04pm | Edited 11:14pm
EUR

Watching for the reaction (rejection) out of the red zone to confirm a short entry on the EUR. If all goes to plan will be looking to target last weeks lo

GBP

I haven't opened a live trade on this pair since I don't know when, but seeing as I'm finding the Aussie a little tricky to read right now I'm going to take a look. It's had some really smooth moves lately and seems to be trading a lot better than the normal pairs I watch.

I think in the very near term a push into the red zone (on the H1 chart) seems a good gamble (scalp). Not a trade I'd take though, tempting as it is for 20 pips.

Longer term I'm interested to see what the next couple of days bring. It's been very bullish and sitting now on some strong supply/ resistence areas (whatever you want to call it).

Very interested to see the reaction from a break of last weeks highs and then what it does at yesterdays lows.

AUD

I see dead people...

I was looking for somewhere to buy this at the start of the week until the China and AUD inflation figures crashed my party... and unless things turn sharply and fastly I'm staying out until I see something more clear.

Missed a good sell on the EUR yesterday (off the top would have been perfect).

Anyway that's what I'm looking at for now... If you don't hear from me I'm either dead or too lazy to keep this Journal going. Probably the latter.
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Time hides Nothing
Quoting smilemiz
y XXXX .........forth X... why.. why. why.. haha
Four X... FOR EX..

Or are you being cheeky?

Or better still:
(Australian Beer)
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Time hides Nothing
Quoting j4d
Hey, no problem.......

Just sticking with the dog...
On behalf of me and your middle one... Boooooo

lol
Time hides Nothing
Quoting CindyXXXX
On behalf of me and your middle one... Boooooo

lol
.....................LOL, sorry the pig didn't make it through the voting process...Lol
Memories caught in time but never forgotten
Quoting CindyXXXX
EUR

Watching for the reaction (rejection) out of the red zone to confirm a short entry on the EUR. If all goes to plan will be looking to target last weeks lo
Well not the reaction I was looking for here... Looks more set to rally further now but I'm not taking that trade... A test of the top red zone seems more likely now. Next couple of hours should decide it one way or the other..

Have no clue as to sentiment lately... Been too busy busy with UNI stuff so this is all just chart work and money management. No trades for me yet this week. Nothing gained nothing lost.

Back to neutral for now... GBP very resilient.. looking strong... Wait n see where we're at tomorrow I guess.
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Quoting CindyXXXX
An old bud of mine showed me this once... It's quite a metaphor for becoming a profitable trader.

http://www.youtube.com/watch?v=ko9vR2_ptlA
I doubt it. Making a samurai sword involves alot of useless mumbo jumbo (or as it is called tradition, praying etc.), it takes alot of time and as even the makers of documentary admitted is just as good as an european broadsword (which was alot more efficient to make).

An european broadsword was made with efficiency and pragmatism; a japanese katana was made with vanity and useless praying/tradition in mind.

Being a samurai was a culture built on obedience to the master, by the master for the master. I'd love to have a bounch of mindless slaves doing my biding that I could just order to kill themselves at my whim in order to "preserve their honor".
Napoleon sums it up pretty clearly "A soldier will fight long and hard for a bit of colored ribbon".

If you believe being a trader has anything in common with the process of making such a sword or even being a samurai you either don't know much about trading or about being a samurai/crafting a katana.
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