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haniam's anti Big Dogs trades

  • #41
  • Edited 1:24pm Oct 11, 2007 1:16pm | Edited 1:24pm
There's many ways to deal with the close of trade.

1- Fire and Forget: Put you Target Profit (TP) and your Stop Loss (SL) and forget the trade until it hits your SL or your TP.

2- Trail Stop (TS): Put your SL but no TP. You put a TS of x pips and the trade will continue until your SL is hit or your TL is hit.

3- Profit or loss stop: You close all your trades whenever a certain profit or loss in percentage or in $ amount is reached, independently of each individual trade status.

4- Moving targets and stops: Not very recommended, at least for beginners. You put, remove or move your SL and TP following price action. Trades should be closely monitored and you should really know what you are doing.

I use all these ways, while always keeping in mind to never (as possible) let a winning trade turn to a losing one.
  • #42
  • Oct 11, 2007 1:36pm Oct 11, 2007 1:36pm
As per my previously established plan, I entered today 4 trades on the bounce of resistance levels, since I am bearish I am only selling for now even if we are in an uptrend.

Sold 1 lot @1.4190 on bounce @1.4170 for +20 pips
Sold a second Lot @1.4195 @1.4170 for +25 pips

Both positions covered after the news.

The reason of this premature close is that the resistance I saw in the morning @ this level has now become support for the price.

Sold a third lot @1.4225 level and closed now @1.4210 for +15 pips since I belive that tomorrow a second attempt will be made to challenge the new highs @1.4280 where I will sell big.

So today results 20+25+15 = 60 pips
  • #43
  • Oct 11, 2007 3:58pm Oct 11, 2007 3:58pm
I believe that the up prices are fake and are going in the wrong way.

We have a very big uptrend that needs to have a major correction before having a new healthy upper highs.

We had lot of good news that came to strengthen the USD since last NFP on Friday, nevertheless the EU is still going up on speculation and BD manipulation.

We will see sooner than later a retest of the highs around 1.4280 with all analysis pointing to a soon reach of 1.45 level while all BD are buying the dollars you are selling. They have now very high volume of USD and they will soon liquidate this volume, probably starting tomorrow night or beginning of next week.

This is not another conspiracy theory! But if you look deeply on the daily chart and see how things have been since years, you may follow what I am trying to point at.

The EU has some small ways to go up still, maybe to 1.445 from a technical point of view before reaching the high of the weekly channel, but when I look to the buying pressure, it is being more and more exhausted. To go to these highs, the BD will have to really do big efforts to break the 1.43 level and hit the SL above so the EU takes these 150 pips extra.

I doubt this will happen; BD will let you think the will happen very soon as a way to push the buying pressure. I think they will continue to do some pushes before an EU crash down normal traders would consider as retracement to buy dips, but it will be much more and we have a long way down to levels hundred of pips under 1.4 (as low as the 1.35-1.36 levels) before a real based up move takes the EU to upper 1.45-1.5 levels. And meanwhile, the BD will continue to serve themselves in your pocket as will.

This is why I am bearish in this uptrend.

“But I could be wrong”
  • #44
  • Edited 1:27am Oct 12, 2007 1:24am | Edited 1:27am
Yesterday reaction to 1.42 breach was a strong rejection, showing how much the bulls are being losing against the bears. We are far away from the strong up move we followed during September.

Bulls are being exhausted, and the test of the highs, even if probable, is being more and more difficult and will most probably fail strongly!

Today pivot point @1.4185 has already been tested and broken, so I will wait for a retest and will sell between 1.4180 and 1.42 for a first target of 1.4135

I expect prices to bounce first around 1.4158, to go up and test again the pivot point or even maybe 1.4210 levels where I will be selling targeting 1.4110 and 1.4080 with SL in the 1.4245-50 area

Have a wonderful pips harvesting
  • #45
  • Oct 12, 2007 3:14am Oct 12, 2007 3:14am
Sold 2 lots @1.4195
Will sell a third one if 1.4210-20 level are reached
  • #46
  • Oct 12, 2007 5:27am Oct 12, 2007 5:27am
Quoting haniam
Sold 2 lots @1.4195
Will sell a third one if 1.4210-20 level are reached
Closed 1 lot @1.4175 for + 20 pips
Will Sell again on a rally or on 1.4157 support brake
  • #47
  • Oct 12, 2007 7:36am Oct 12, 2007 7:36am
Quoting haniam
Closed 1 lot @1.4175 for + 20 pips
Will Sell again on a rally or on 1.4157 support brake
Resold a lot @1.4180 and another after the good so expected news @1.4171 targetting 1.4135 and 1.4080 traling Stop as needed
  • #48
  • Oct 12, 2007 7:39am Oct 12, 2007 7:39am
Quoting haniam
Resold a lot @1.4180 and another after the good so expected news @1.4171 targetting 1.4135 and 1.4080 traling Stop as needed
Closed the lot 1.4171 @1.4161 for +10 pips
I need the 1.4058 level to be broken to sell every rally
  • #49
  • Oct 12, 2007 7:43am Oct 12, 2007 7:43am
Quoting haniam
Closed the lot 1.4171 @1.4161 for +10 pips
I need the 1.4058 level to be broken to sell every rally
Sold again @1.4199
  • #50
  • Oct 12, 2007 7:58am Oct 12, 2007 7:58am
The EU traders seems not to know where it should go, and are waiting Brnanke speech to have a hint, while the only way EU can go is down!

Sold again @1.4196
  • #51
  • Oct 12, 2007 8:05am Oct 12, 2007 8:05am
Quoting haniam
Sold 2 lots @1.4195
Will sell a third one if 1.4210-20 level are reached
Sold again @1.4211 as per the plan
  • #52
  • Oct 12, 2007 8:07am Oct 12, 2007 8:07am
Quoting haniam
Sold again @1.4211 as per the plan
Closed @1.4201 for +10 pips as I already have positions @1.4199 and I may get another short higher
  • #53
  • Oct 12, 2007 8:12am Oct 12, 2007 8:12am
Sold again @1.4206 to be covered soon
  • #54
  • Oct 12, 2007 8:23am Oct 12, 2007 8:23am
Quoting haniam
Sold again @1.4206 to be covered soon
Closed @1.4986 for +20 pips

WIll sell again if it rallies
  • #55
  • Oct 12, 2007 8:28am Oct 12, 2007 8:28am
WIll close all trades around the 1.4160-65 levels to wach the action at this imortant turning point

Will sell a break or a rally towards 1.4180-90 level
  • #56
  • Oct 12, 2007 8:33am Oct 12, 2007 8:33am
Quoting haniam
Sold again @1.4199
Closed @1.4165 for +30 pips
  • #57
  • Oct 12, 2007 8:36am Oct 12, 2007 8:36am
Quoting haniam
The EU traders seems not to know where it should go, and are waiting Brnanke speech to have a hint, while the only way EU can go is down!

Sold again @1.4196
Closed @1.4173 for +23 pips
  • #58
  • Oct 12, 2007 8:56am Oct 12, 2007 8:56am
Sold @1.4178
Expecting good news in 5 minutes for Consumer Sentiment that will push EU down
  • #59
  • Oct 12, 2007 9:08am Oct 12, 2007 9:08am
Quoting haniam
Sold @1.4178
Expecting good news in 5 minutes for Consumer Sentiment that will push EU down
Closed @1.4165 for +13 pips since the Consumer Sentiment news are not as good as expected .

Will sell on a rally
  • #60
  • Oct 13, 2007 3:10am Oct 13, 2007 3:10am
Quoting haniam
Resold a lot @1.4180 and another after the good so expected news @1.4171 targetting 1.4135 and 1.4080 traling Stop as needed
I have been disconnected from the Internet since yesterday @14.30
I had just before closed 2 positions sold @ 1.4171 @1.4165 and 1.4167 for +6 and +4 = +10 pips
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