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On Point

  • #4,041
  • Jun 15, 2021 1:03am Jun 15, 2021 1:03am
Selling GBPJPY

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  • #4,042
  • Edited 4:42am Jun 15, 2021 4:21am | Edited 4:42am
Closed at 200 ema for 160 pips

I still think it will go down further but my rules are to exit at 200ema atm

Attached Image (click to enlarge)
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  • #4,043
  • Jun 15, 2021 4:37am Jun 15, 2021 4:37am
Going to risk a couple of entries on a continuation trade, i have seen most of these go into profit but have not entered so need to start trusting what i see

Would be entering some usd pairs right now but for news

AUDNZD Sell

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  • #4,044
  • Jun 15, 2021 5:37am Jun 15, 2021 5:37am
Quoting mrhb30jr
Here is GU ... price starting reject at this area ... waiting for sell set up ..bro as long as this level not BKO .... fresh supply area .. and see M1 Renco at the level {image} {image}
Here is ... GU and EU Supply Level ..
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  • #4,045
  • Jun 15, 2021 5:57am Jun 15, 2021 5:57am
SELL EU ...
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  • #4,046
  • Jun 15, 2021 7:00am Jun 15, 2021 7:00am
Quoting Wags
Going to risk a couple of entries on a continuation trade, i have seen most of these go into profit but have not entered so need to start trusting what i see Would be entering some usd pairs right now but for news AUDNZD Sell {image}
Hello WAGS, good job you are doing, what are the parameters you uses to determine your entry price?
When you learn to adapt, you will be unbeatable........ "FX IS SWEET".
  • #4,047
  • Jun 15, 2021 7:13am Jun 15, 2021 7:13am
Quoting mrhb30jr
SELL EU ... {image} {image}
Watch out for the news in 15 minutes from now. Price has maybe already factored in the result. It could bounce. Look at this GU chart for example.
Attached Image (click to enlarge)
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  • #4,048
  • Jun 15, 2021 7:25am Jun 15, 2021 7:25am
Quoting Ratel
{quote} Watch out for the news in 15 minutes from now. Price has maybe already factored in the result. It could bounce. Look at this GU chart for example. {image}
Too early if we are going to buy on this level ... watching at 1.4 or 1.35 area ..
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  • #4,049
  • Jun 15, 2021 7:46am Jun 15, 2021 7:46am
Quoting mrhb30jr
{quote} Too early if we are going to buy on this level ... watching at 1.4 or 1.35 area .. {image}
3 up Green Candle 1 down red candle ... GU nice sell entry area ...let see if this work out ..
Attached Image (click to enlarge)
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  • #4,050
  • Jun 15, 2021 7:53am Jun 15, 2021 7:53am
Quoting benpuzzy
{quote} Hello WAGS, good job you are doing, what are the parameters you uses to determine your entry price?

Hi Ben Thanks

I am still testing a lot of things out but the main entry i have been using for the last few weeks is as follows

Weekly fibo pivots (davits) indicator which i set manually each weekend from previous friday to friday just closed

I have been using OBV with a 200ema attached to its data and 200ema on chart to show me divergence s a bit clearer, this can also keep me out of a lot of trades good and bad so i have removed it this week

I also had MACD without histo to show me divergence but have removed this week also for testing

I have cmf which i really like to use for entering trades when price reaches pivot res or pivot support

I also consider the overall picture , looking for pairs that are ranging on 30m chart

I dont look at other TF's as it can be off putting and i try to keep my eye on the news but my ffcal has stopped working so that doewsnt help
  • #4,051
  • Jun 15, 2021 8:12am Jun 15, 2021 8:12am
Quoting Wags
{quote} Hi Ben Thanks I am still testing a lot of things out but the main entry i have been using for the last few weeks is as follows Weekly fibo pivots (davits) indicator which i set manually each weekend from previous friday to friday just closed I have been using OBV with a 200ema attached to its data and 200ema on chart to show me divergence s a bit clearer, this can also keep me out of a lot of trades good and bad so i have removed it this week I also had MACD without histo to show me divergence but have removed this week also for testing...
Thanks WAGS, i appreciate i will add this knowledge to my trading arsenal, once again thanks. But it is like your AUDNZD sell is not yet ripe and thanks for the GBPJPY, i banked 65pips on that before the news.
When you learn to adapt, you will be unbeatable........ "FX IS SWEET".
  • #4,052
  • Jun 15, 2021 8:18am Jun 15, 2021 8:18am
Quoting benpuzzy
{quote} Thanks WAGS, i appreciate i will add this knowledge to my trading arsenal, once again thanks. But it is like your AUDNZD sell is not yet ripe and thanks for the GBPJPY, i banked 65pips on that before the news.

Yes AUDNZD was a little test i do not trade that usually as its a continuation, i have not got those correct yet

I forgot to say i exit around 200ema on chart
  • #4,053
  • Jun 15, 2021 10:04am Jun 15, 2021 10:04am
GU. Closing trade.
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  • #4,054
  • Jun 15, 2021 10:15am Jun 15, 2021 10:15am
Quoting Ratel
GU. Closing trade. {image}

Nice trade
  • #4,055
  • Jun 15, 2021 10:21am Jun 15, 2021 10:21am
Quoting benpuzzy
{quote} Thanks WAGS, i appreciate i will add this knowledge to my trading arsenal, once again thanks. But it is like your AUDNZD sell is not yet ripe and thanks for the GBPJPY, i banked 65pips on that before the news.

This is what i would trade, i missed it because i was messing around looking at other stuff

Exit would be now at 200ema

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  • #4,056
  • Jun 15, 2021 2:04pm Jun 15, 2021 2:04pm
I will close my AUDNZD trade before close tonight probably for a small loss, i was only testing something out so not 2 bothered

This looks promising for a few pips overnight i will wait to see what happens just before close to see if i can sell USDJPY

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  • #4,057
  • Jun 15, 2021 4:27pm Jun 15, 2021 4:27pm
I have entered before close of day all in for a retrace to 200ema overnight

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  • #4,058
  • Jun 16, 2021 1:15am Jun 16, 2021 1:15am
Quoting Wags
I have entered before close of day all in for a retrace to 200ema overnight {image}
Didnt go anywhere overnight and dont like the way its looking now so closed for a tiny loss
  • #4,059
  • Jun 16, 2021 1:41am Jun 16, 2021 1:41am
Selling GBPCAD

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  • #4,060
  • Jun 16, 2021 12:10pm Jun 16, 2021 12:10pm
Not the smoothest of weeks for me so far, came out of trades that i shouldnt have with a small loss but still making gains

Closed GBPCAD at 200ema for 60 + pips, went into a abit of draw down though

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