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General Trading Chat / Ideas

  • #10,961
  • Oct 27, 2019 8:52am Oct 27, 2019 8:52am
i give this pair as example main holding possition should be long but if your long and grade A short shows up on daily weekly i would like to hold the long and take smaller possition on hedge its tec bassed chart its only going 1 way in the long run
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Turn your wounds into wisdom
  • #10,962
  • Oct 27, 2019 8:54am Oct 27, 2019 8:54am
Quoting Bk55
i give this pair as example main holding possition should be long but if your long and grade A short shows up on daily weekly i would like to hold the long and take smaller possition on hedge its tec bassed chart its only going 1 way in the long run {image}
Yes that’s how I thought about hedging. Use your normal position size for the direction you believe it’s going and smaller position for hedge just to cover your risk
ex nihilo
  • #10,963
  • Oct 27, 2019 9:06am Oct 27, 2019 9:06am
Quoting Oc6oph
{quote} Yes that’s how I thought about hedging. Use your normal position size for the direction you believe it’s going and smaller position for hedge just to cover your risk
possibly a small advanatage to be had have to go catch up later peace bud
Turn your wounds into wisdom
  • #10,964
  • Oct 27, 2019 9:11am Oct 27, 2019 9:11am
Quoting Bk55
{quote} possibly a small advanatage to be had have to go catch up later peace bud
Have good day
ex nihilo
  • #10,965
  • Oct 27, 2019 4:17pm Oct 27, 2019 4:17pm
NZD JPY thoughts
monthly chart major support broken if it holds bellow expect it to range to lower support shown on chart
weekly looks like a flat correction ABC with pinbar
Daily I would like the price to drop and close bellow the black support drawn on the chart and pullback for short entry

If it works I will take a tp1 at price shown on chart move stops to break even and hold some for a tp at the lower monthly support.

notes if the weekly pin fails that abc correction could be a double bottom and become the launch pad lol
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Turn your wounds into wisdom
  • #10,966
  • Oct 27, 2019 4:19pm Oct 27, 2019 4:19pm
evening gents 40 minute count down
Turn your wounds into wisdom
  • #10,967
  • Oct 27, 2019 4:30pm Oct 27, 2019 4:30pm
Quoting Bk55
NZD JPY thoughts monthly chart major support broken if it holds bellow expect it to range to lower support shown on chart weekly looks like a flat correction ABC with pinbar Daily I would like the price to drop and close bellow the black support drawn on the chart and pullback for short entry If it works I will take a tp1 at price shown on chart move stops to break even and hold some for a tp at the lower monthly support. notes if the weekly pin fails that abc correction could be a double bottom and become the launch pad lol {image} {image} {image}...
Looks good USDJPY looks to have possible shark was short few days or last week but closed as it just stayed in same spot for several days.
ex nihilo
  • #10,968
  • Oct 27, 2019 4:52pm Oct 27, 2019 4:52pm
Quoting Oc6oph
{quote} Looks good USDJPY looks to have possible shark was short few days or last week but closed as it just stayed in same spot for several days.
hey bud the NZD JPY could go either way here i thing needs conformation
just looking at USD JPY tricky chart last week got a weekly doji at res woz expecting rejection candle this week but didnt get it now the weekly price action looks bullish at ress hmm so i looked monthly we have bullish piercing pattern pin combo
i think its a good spot to watch im not shorting due to resons give above i think it could go 113.700 from here if the weekly res pops
Turn your wounds into wisdom
  • #10,969
  • Oct 27, 2019 4:54pm Oct 27, 2019 4:54pm
UJ MONTHLY
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  • #10,970
  • Oct 27, 2019 5:04pm Oct 27, 2019 5:04pm
its easy to overlook the power of candlestick patterns due to fail rate on scalp and intraday there to much noise from economic calenders tweets ect weekly monthly we have to pay more attention to them i think
Turn your wounds into wisdom
  • #10,971
  • Oct 27, 2019 5:11pm Oct 27, 2019 5:11pm
Quoting Oc6oph
{quote} Looks good USDJPY looks to have possible shark was short few days or last week but closed as it just stayed in same spot for several days.
Be careful with shorting....agree with bk.....big h&s pattern on the weekly, with a projection around 111 (possibly 112). At a decent resistance level now, but if it breaks, theres a lot of room above
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  • #10,972
  • Oct 27, 2019 6:53pm Oct 27, 2019 6:53pm
GNight gents
Turn your wounds into wisdom
  • #10,973
  • Oct 27, 2019 10:57pm Oct 27, 2019 10:57pm
Quoting Jp1
{quote} Be careful with shorting....agree with bk.....big h&s pattern on the weekly, with a projection around 111 (possibly 112). At a decent resistance level now, but if it breaks, theres a lot of room above {image}
Maybe it goes up 109.90 area is where I believe it may go. But breaking below 107.50 several days ago makes me believe up move may be for liquidity and will soon be back below 107.50 .still in CADJPY shorts so going to probably wait a bit

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ex nihilo
  • #10,974
  • Oct 28, 2019 2:03am Oct 28, 2019 2:03am
Short EU off daily average/last week's mid point, got another waiting a little higher off the daily pivot/Thursday low/structure area and stops not too far above that. Bell's a-ringin', let's roll...
  • #10,975
  • Oct 28, 2019 2:12am Oct 28, 2019 2:12am
Quoting Rrrracer
Short EU off daily average/last week's mid point, got another waiting a little higher off the daily pivot/Thursday low/structure area and stops not too far above that. Bell's a-ringin', let's roll...
I’m short too. What you aiming for
ex nihilo
  • #10,976
  • Oct 28, 2019 3:07am Oct 28, 2019 3:07am
Quoting Oc6oph
{quote} I’m short too. What you aiming for
Profit my man More chop than I expected at this level, I got out of the short and switched to a quick long... better resistance higher up, will attempt another short there and re-evaluate.
  • #10,977
  • Oct 28, 2019 3:15am Oct 28, 2019 3:15am
Quoting Rrrracer
{quote} Profit my man More chop than I expected at this level, I got out of the short and switched to a quick long... better resistance higher up, will attempt another short there and re-evaluate.
It might have a bit lower to go hasn’t gotten to 38.2fib yet. Maybe 1.0915 area
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ex nihilo
  • #10,978
  • Oct 28, 2019 3:20am Oct 28, 2019 3:20am
Gonna try another at 1.11000 area if it gets there; nice resistance and coincides with the M15 200. If not I'll wait and see what happens, still long but we might be building a little H&S here on the M5.

Yeah man, we've got a lot of room to move down yet... scalping at the moment, but just doing what the chart says to do. I'll look to hold a short though.
  • #10,979
  • Oct 28, 2019 3:43am Oct 28, 2019 3:43am
This is one weak ass London session so far LOL...
  • #10,980
  • Oct 28, 2019 3:44am Oct 28, 2019 3:44am
Quoting Rrrracer
This is one weak ass London session so far LOL...
London opened 1 hour later due to daylight time change opened at 4am New York time
ex nihilo
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