DislikedTrade 8: Sold @1.4306 closed @1.4301 for +5 pips
Prices were 3 pips shy from our sell @1.4327
Will sell higher @1.4318 targeting 15-25 pipsIgnored
Trade 10: Sold @1.4321
targeting 15-25 pips
- #205
- Oct 26, 2007 12:34am Oct 26, 2007 12:34am
Dear Hani,
What is your view about this 1.4345? Do you think that it will fall OR it will be broken?
Well, I am already in the sell side.
Thanks,
In my trading plan today I say In the low eventuality it breaks 1.3455.
In all my posts since beginning of October, I specify that I am more and more bearish.
1.4345 is not important, and prices may spike up some more pips. 1.4355 is important no to fall.
I give it a 80% chance not to fall, unless BD wants to play it dirty (They not obligatory succeed) and push the prices a little bit more up to trap as much bulls as they can.
I think we will have a violent reaction down to 1.4305 first, then to 1.4250, 1.4190
It may stop here, and it may not and continue to 1.4090
In all cases, keep tight stop @1.4365, small risk (20-25 pips) for much bigger gains. I think lot of traders are aware of this and will take this risk, so resistance here is very big and BD will really have to do very big efforts to break up and take all the stops.
I think we have a great opportunity to take a trade with a big R:R and risking some pips now will not do harm. Best opportunity to sell is in the coming 30-90 minutes.
We will see in the coming hours.
Have a safe trading,
Hani
- #206
- Oct 26, 2007 1:39am Oct 26, 2007 1:39am
Pivot level for today is @1.4305, maybe the highest ever.
Between today and Monday, USD will have to determine where it will be going.
I would advise to use tight stops. Market may be very choppy, with a 150 pips move (most ptobably down unless 1.4355 is broken)
EU is now testing the highs and will continue for an hour or two. In the low eventuality it breaks 1.3455, it will have the opportunity to go 150 pips higher and I will swithc to a mementary 'buy mode in the dips down to 1.4300.
Until then, I will only sell with big R:R
Short term trades:
Selling @1.4340-45 targeting 1.4310 with SL 1.4365 ratio 1:2 good enough.
Selling the bounce back of the 1.4300 break targeting 1.4280, 1.4250, 1.4230 and 1.4190
Mid term trades:
Selling @1.4340-45 targeting 1.4150, 1.4090
These trade are no longer valid if 1.4355 is broken. New setups will emerge
Long term trades:
Selling @1.4340-45 targeting 1.3965
Here watch the action and sell break of 1.3960 targting 1.3600-700
This setup will still be valid with 1.4355 break, even if then another good entry can be found to sell then to close this one. S.L. @1.4590
We have an important break of 1.4355 bullish level.
The up Short term and mid term scenarios are not valid anymore and you should be out of your trades if any.
We'll have plenty of other opportunities to trade.
Stay out of EU market for now. It's a choppy market.
Safe trading,
Hani
- #207
- Oct 26, 2007 1:55am Oct 26, 2007 1:55am
Warning!
We have an important break of 1.4355 bullish level.
The up Short term and mid term scenarios are not valid anymore and you should be out of your trades if any.
We'll have plenty of other opportunities to trade.
Stay out of EU market for now. It's a choppy market.
Safe trading,
Hani
Previously all real breaks took the market is a very quick and hi push. Now we just have few pips up, and that's it. It seems like a totally fake move, and down possibilities are still important.
Better stay out of EU trade for now.
If you are in a position, you may still risk 15-20 pips and put SL to 1.4386 to try to go out of the trades without losses or with some positive pips.
Mareket in EU will be very choppy, beware the BD and don't fell into the trap.
Sefe trading,
Hani
- #208
- Oct 26, 2007 2:09am Oct 26, 2007 2:09am
The bulls have managed to break 1.4355, but the move is not convicting anybody.
Prices will need to retrace so the up move may continue to reach 1.4500
No trades for the moment.
Retracement may go down to 1.4260 where it would be supported by a trend line, or down to 1.4200 second support. These levels should be removed before envisaging a bigger retracement for now.
So I switch to 'Buy mode' with tight stop and tight targets. May do some sells for 10-15 pips targets. (All previous sells have reached these targets)
So buy dip (70% of trades) and sell some rallies (30%)
1.4305-10 is the first buy for 10-15 pips
1.4250-60 second buy level for 15-20 pips
1.4200-10 third buy level half take profit @1.4240, the rest to run targeting 1.4300, 1.4345 with SL @ BE+1
For the sell, possible at a bounce back from 1.4300 break targeting 1.4260
Remember keep tight stop (15-20 pips) if you insist on trading today.
Safe trading,
Hani
Prices will need to retrace so the up move may continue to reach 1.4500
No trades for the moment.
Retracement may go down to 1.4260 where it would be supported by a trend line, or down to 1.4200 second support. These levels should be removed before envisaging a bigger retracement for now.
So I switch to 'Buy mode' with tight stop and tight targets. May do some sells for 10-15 pips targets. (All previous sells have reached these targets)
So buy dip (70% of trades) and sell some rallies (30%)
1.4305-10 is the first buy for 10-15 pips
1.4250-60 second buy level for 15-20 pips
1.4200-10 third buy level half take profit @1.4240, the rest to run targeting 1.4300, 1.4345 with SL @ BE+1
For the sell, possible at a bounce back from 1.4300 break targeting 1.4260
Remember keep tight stop (15-20 pips) if you insist on trading today.
Safe trading,
Hani
- #209
- Oct 26, 2007 2:45am Oct 26, 2007 2:45am
The bulls have managed to break 1.4355, but the move is not convicting anybody.
Prices will need to retrace so the up move may continue to reach 1.4500
No trades for the moment.
Retracement may go down to 1.4260 where it would be supported by a trend line, or down to 1.4200 second support. These levels should be removed before envisaging a bigger retracement for now.
So I switch to 'Buy mode' with tight stop and tight targets. May do some sells for 10-15 pips targets. (All previous sells have reached these targets)
So buy dip (70% of trades) and sell some rallies (30%)
1.4305-10 is the first buy for 10-15 pips
1.4250-60 second buy level for 15-20 pips
1.4200-10 third buy level half take profit @1.4240, the rest to run targeting 1.4300, 1.4345 with SL @ BE+1
For the sell, possible at a bounce back from 1.4300 break targeting 1.4260
Remember keep tight stop (15-20 pips) if you insist on trading today.
Safe trading,
Hani
Prices are stuck between 1.4345 recent break and 1.4380 up of the channel.
1.4345 break will accelerate down move to 1.4330 where some support my hold down move for a little.
A break takes to the pivot level where prices could bounce for 15-20 pips. A break takes down to the down of the channel where prices can go up to retest 1.4300
Break down may take to a firm support of 1.4200-10 a good buying level for now as per previous modified plan.
Safe trading,
Hani
Attachment
- #210
- Oct 26, 2007 4:16am Oct 26, 2007 4:16am
An illustration of Resistance and support levels for EU as I see them in the short term.
Prices are stuck between 1.4345 recent break and 1.4380 up of the channel.
1.4345 break will accelerate down move to 1.4330 where some support my hold down move for a little.
A break takes to the pivot level where prices could bounce for 15-20 pips. A break takes down to the down of the channel where prices can go up to retest 1.4300
Break down may take to a firm support of 1.4200-10 a good buying level for now as per previous modified plan.
Safe trading,
Hani
Attachment
Reason:
1- Price bounces on 1.4370-75 level with near resistance level
2- Prices too high, nobody is buying!
Reason close: Very high leverage. Take profit should be quick. Prices not ready to go down yet.
Trade 4: Sold 25 lots @1.4371 closed 1.4361 for +10 x 25 = +250 pips
Reason:
1- Price bounces on 1.4370-75 level with near resistance level
2- Prices too high, nobody is buying!
Reason close: Very high leverage. Take profit should be quick.
I may sell again if resistance is tested again.
Prices will go down soon in violent way if 1.4380 is not broken
Keep tight SL
- #212
- Oct 26, 2007 7:24am Oct 26, 2007 7:24am
Trade 5: Sold 25 lots @1.4374 closed 1.4360 for +14 x 25 = +350 pips
Reason:
1- Price bounces on 1.4370-75 level with near resistance level
2- Prices too high, still nobody is buying!
Reason close: Very high leverage. Take profit should be quick.
Reason:
1- Price bounces upper chanelresistance level
2- Sold only 2 lots because was hoping to sell more 2 pips higher but did not got the chance
Reason close: Take profit at resistance break that becomes support.
May sell again at Chanel up bounce
- #214
- Oct 26, 2007 1:06pm Oct 26, 2007 1:06pm
Trade 7: Sold 25 lots @1.4386 closed 1.4391 for -5 x 25 = -125 pips
Reason:
1- Price bounces upper chanel resistance level
2- Sold only 25 lots
Reason close: Stop loss too tight. Prices went down after to 1.4380
Will sell again @1.4390 with bigger stop loss. Uper Chanel is @1.4393 Should have put my stop over and would had not lost this trade, target the bottom of the chanel around 1.4355
Got stoped 2 more times when I lowered my stops to BE+1 waiting a move down. Could have taken 7-10 pips on every trade but was hoping a break down that never happened.
Trade 8: Sold 25 lots @1.4391 closed 1.4390 for +1 x 25 = +25 pips
Reason:
1- Price bounces upper chanel resistance level targeting the down of channel
Reason close: Stop loss at BE+1. Prices went down after to 1.4380.
Trade 9: Sold 25 lots @1.4392 closed 1.4391 for +1 x 25 = +25 pips
Reason: Reentering.
1- Price bounces upper chanel resistance level targeting the down of channel
Reason close: Stop loss at BE+1. Prices went down after to 1.4380 again
Next week plenty of new opportunities to harvest lot of pips!
Happy W.E. to all!
Hani
- #216
- Oct 27, 2007 3:16pm Oct 27, 2007 3:16pm
EU seems to be progressing inside a triple up channel, weekly, daily and H4. That makes it very bullish until it reaches one of the upper borders, which is nearly the case now around 1.4390-1.4415.
Here we can expect some profit taking that may take the EU down to the down of the channel in preparation of a new breakout.
The EU is on its way to 1.4500, but maybe not in one shot, as resistance is strong and bulls needs some retreat to charge again.
The new YTD high will be tested again, rejected first then tested and a break up a test of the new support then up to 1.45
Below is a possible scenario if EU manages to stay bullish as it is at these moments.
Here we can expect some profit taking that may take the EU down to the down of the channel in preparation of a new breakout.
The EU is on its way to 1.4500, but maybe not in one shot, as resistance is strong and bulls needs some retreat to charge again.
The new YTD high will be tested again, rejected first then tested and a break up a test of the new support then up to 1.45
Below is a possible scenario if EU manages to stay bullish as it is at these moments.
- #218
- Oct 28, 2007 6:23am Oct 28, 2007 6:23am
awesome results...........considering your very big gains.....i suppose you have wide TP and SL........?
i've great respect for your opinion so am i wrong if i'm long eur/chf @1.6750 ?
i'm trying out this pair using Jacko's method and i saw eur/chf seems to be moving up again after the correction......
hope i'm right.......
i've great respect for your opinion so am i wrong if i'm long eur/chf @1.6750 ?
i'm trying out this pair using Jacko's method and i saw eur/chf seems to be moving up again after the correction......
hope i'm right.......
- #219
- Oct 28, 2007 9:47am Oct 28, 2007 9:47am
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress