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Discovering An Edge

  • #1,241
  • Nov 20, 2017 5:17am Nov 20, 2017 5:17am
Quoting vlady1974
DAX Small Short @ 13025 Daily R3 bounce. Looking to retrace in an ABC fashion. Earlier impulse move counting as 1 of 5 waves that make up my projected Wave C to 132XX.
Stopped +1

No more shorts. Will reload Long on pullbacks.
A pip is only worth it if you know how much you risked to earn it
  • #1,242
  • Nov 20, 2017 5:46am Nov 20, 2017 5:46am
retracement on GBP....
need to watch it carefully.
A pip is only worth it if you know how much you risked to earn it
  • #1,243
  • Nov 20, 2017 7:27am Nov 20, 2017 7:27am
Quoting vlady1974
Bitcoin Long @ 8060
Moved stops to 8115 which is incredibly tight, but don't want any sudden death moves on BTC.
R2 from Sunday is still an interim goal @ 8269
A pip is only worth it if you know how much you risked to earn it
  • #1,244
  • Nov 20, 2017 7:29am Nov 20, 2017 7:29am
During lunch opened new DAX positions:

Long @ 13009
Long @ 12997
A pip is only worth it if you know how much you risked to earn it
  • #1,245
  • Nov 20, 2017 7:32am Nov 20, 2017 7:32am
News events that may make a dent on DAX and/or GBP
Attached Image (click to enlarge)
Click to Enlarge Name: NEWS.png Size: 25 KB
A pip is only worth it if you know how much you risked to earn it
  • #1,246
  • Nov 20, 2017 7:39am Nov 20, 2017 7:39am
Quoting vlady1974
During lunch opened new DAX positions: Long @ 13009 Long @ 12997
Added Long @ 13021

Trigger was watching the 2MIN chart
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 249 KB
A pip is only worth it if you know how much you risked to earn it
  • #1,247
  • Nov 20, 2017 7:42am Nov 20, 2017 7:42am
Quoting vlady1974
retracement on GBP.... need to watch it carefully.
Closed
GBPJPY short from 148.81, @ 148.749
GBPUSD short from 13269' @ 132498
A pip is only worth it if you know how much you risked to earn it
  • #1,248
  • Nov 20, 2017 7:45am Nov 20, 2017 7:45am
Need to find a hedge for these GBP shorts..... hmmm.
Perhaps EURUSD long?
A pip is only worth it if you know how much you risked to earn it
  • #1,249
  • Nov 20, 2017 8:11am Nov 20, 2017 8:11am
Quoting vlady1974
During lunch opened new DAX positions: Long @ 13009 Long @ 12997
Longs in play:

13009
12997
13021

Added 13036
A pip is only worth it if you know how much you risked to earn it
  • #1,250
  • Nov 20, 2017 8:12am Nov 20, 2017 8:12am
Bitcoin about to break Daily R1 8197
A pip is only worth it if you know how much you risked to earn it
  • #1,251
  • Nov 20, 2017 8:17am Nov 20, 2017 8:17am
Quoting vlady1974
Need to find a hedge for these GBP shorts..... hmmm. Perhaps EURUSD long?
Perhaps I could close DAX Longs and close GBPJPY shorts, net +/-
This is worth considering and reduces my risk.
A pip is only worth it if you know how much you risked to earn it
  • #1,252
  • Nov 20, 2017 8:27am Nov 20, 2017 8:27am
Quoting vlady1974
{quote} Perhaps I could close DAX Longs and close GBPJPY shorts, net +/- This is worth considering and reduces my risk.
I decided this was a good idea.

Closed GBPJPY short from Friday -196 (net)
Closed DAX Longs from today (lunchtime) + 264 (net)

Total Net +68
A pip is only worth it if you know how much you risked to earn it
  • #1,253
  • Nov 20, 2017 8:32am Nov 20, 2017 8:32am
Quoting vlady1974
{quote} Moved stops to 8115 which is incredibly tight, but don't want any sudden death moves on BTC. R2 from Sunday is still an interim goal @ 8269
Closed BTC from @ 8061 @ 8222
+161

Due to first signs of weakness under the R1 level using the 2MIN timeframe
A pip is only worth it if you know how much you risked to earn it
  • #1,254
  • Nov 20, 2017 8:44am Nov 20, 2017 8:44am
GBP has been falling moderately during this entire time.
Not feeling bad for closing the GBPJPY shorts (that's done and dusted) but I am now eyeing whether GBPUSD could handle another short.
I'm looking at the daily pivot points since R3 has been breached and R2 is next. Will it provide support or will it break?
A pip is only worth it if you know how much you risked to earn it
  • #1,255
  • Nov 20, 2017 8:51am Nov 20, 2017 8:51am
Trying a GBPUSD Long @ 13243
Size covers shorts.
A pip is only worth it if you know how much you risked to earn it
  • #1,256
  • Nov 20, 2017 8:54am Nov 20, 2017 8:54am
Quoting vlady1974
Trying a GBPUSD Long @ 13243 Size covers shorts.
Okay... seems to be working. Stops to BE.
Underwater positions hedged.
A pip is only worth it if you know how much you risked to earn it
  • #1,257
  • Nov 20, 2017 9:01am Nov 20, 2017 9:01am
DAX
The line from Godfather 3.....

Longs @ 13081/75
A pip is only worth it if you know how much you risked to earn it
  • #1,258
  • Nov 20, 2017 10:44am Nov 20, 2017 10:44am
Quoting vlady1974
DAX The line from Godfather 3..... Longs @ 13081/75
I failed to keep my eye on the ball because of work - got interrupted and couldn't manage the trade. Grrr.
Closed Longs - 306 net
A pip is only worth it if you know how much you risked to earn it
  • #1,259
  • Nov 20, 2017 11:17am Nov 20, 2017 11:17am
Not sure how this has happened, but the last 3 hours have been terribly distracting to my trading.
I can actually feel the disorientation and the lack of finding direction.

Anyway, it seems that the market has moved - I could be wrong in my interpretation.
I'm not able to decide if I'm reading it correctly. However....

Short GBPUSD @ 132364
Short GBPJPY @ 148906
A pip is only worth it if you know how much you risked to earn it
  • #1,260
  • Nov 20, 2017 11:24am Nov 20, 2017 11:24am
Bitcoin is right under R1.
Ig says 8269, Plus500 has that as the ask (buy) price.

Short @ 8244 (plus500) -- yest that is the bloody spread on this bastard.

Edit: need to be careful as this is still bullish
A pip is only worth it if you know how much you risked to earn it
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