Daily Entries (all pairs)

So I got tired of chasing down each pair by thread name, and I'm creating this thread to post my eternally valuable insights and unquestionable trade possibilities on the various pairs that present opportunities for an entry, on sensible timeframes, and with concise reasoning. Please feel free to join in, no matter how you trade or how unpretty your charts. A little explanation doesn't hurt, neither do targets, but its not always necessary especially if you have some arkane method nobody will understand let alone agree with.

I hope we see some actual, real-time trading discussions rather than the useless quarreling that generally results from arguments on theory. Put your trades where your mouth is.. and no, egos are not involved. After thousands of trades your ego should have left your trading setups a long, long time ago.

Finally, this is not meant as some sort of signal service. I personally will try to post only a few trades, particularly those that demonstrate some setup or price activity pattern.

Good luck.

I am currently long the USDCHF and short the EURUSD. Of all the dollar pairs, these 2 have yet to experience the dollar buying that is visible on all other charts, and the price activity on H4 and daily suggests they want to join in.

Targets 1.1355 and 1.4495 respectively. SL should be quite merciless.

Good luck.

Oh yes, and EURGBP should be heading down of course, this being a simple result of the above entry being correct - EUR falling and the GBP (which has already fallen quite a bit) regaining a little or at least stalling.

Price action is beginning to agree this H4. I am short since this morning to 0.6990 or thereabouts pending PA.

New long and short entries possible on GBPUSD and USDCAD, respectively. Both starting to give a little back after the maniacal dollar buying. Anybody who sees reason for continued relentless dollar buying tomorrow please chime in.

The above entries went well with the exception of EURGBP, which got nuked(omg 12 pips). I am not going to post closing decisions because, as I already said this is no journal or signal service, but the trades have been closed.

Closed for -15 and reopened a little higher together with an AUDUSD short. This is not a real-time update but just wanted to give an example on what happens when I'm early with the prediction on one pair, as opposed to being definitely wrong(and doing a stop/reverse). I will hold on to these shorts for at least another 24 hours (esp. the AUDUSD trade) due to nice price action. As for the fib fanboys..well, I'm beginning to lose faith these days after looking a little carefully at how they perform in most situations. Looks like Phil will be winning me over to his POV pretty soon. Skeptics live the good life.

Other possibilities: USDJPY looking ripe for a short with seriously toppish price action. Then there's USDCHF with a jump back from the lows resulting in a pin bar for this daily. Could be good for a long. As usual, all opinions welcome.

I am Long 3 lots on this Pair 1.11867, and Holding....which for me is a tough thing too do. Original Stop was 1.1170, just below what I precieved to be the all time low from chart info.
I have moved my Stop into a Trailing Stop at 1.12050

My first target would be 1.1325 area, Than see is she can make it back to retest the downward channel 1.1420 area as of today. That is based on the Oanda channel ( daily bar ends midnight EDT vs 5pm )
My trailing stops will move accordingly and at my discretion....
Fxj

Update: Long Trailing Stop Triggered Over Night at 1.1215 after having been tighten from 1.1205
+28.3 pips + interest x 3 Lots. Position - Flat

Thought I'd Add a Chart.....You may notice I use an Extra Fib Level.
Fxj

I see usd/jpy triggers short @ 110.74 off a daily

Finally some input

Great going guys, I actually saw the UJ trigger on H4 before you saw the daily, bunton (see my last post) and now I am still in, but thinking of closing before we reach the previous lows.

No comment on USDCHF. Seriously no comment, it has pissed me off, didnt lose anything on it but didn't get anything either. Attached chart to explain why.

I have no new trades(maybe another EURJPY short, maybe), I was very lucky this week, the above trades with complimentary yen-cross shorts gave up hundreds of easy pips. In fact, I may not trade next week to avoid overconfidence.

The Euro is going to hell. Spread the word. And Good luck.

USD/CHF does not fit my criteria for a long as I'm not good at trying to figure out bottoms or tops.. Good luck with it but from my daily perspective I just don't see anything that tells me to get long..

He who pick bottom get stinky finger.

Here is a free trade I have turned on in the eur/chf.. I entered off a daily trigger and had stop at 1.6492.. I dropped down to the 1h and now set stop at b/e plus 1.. I'm hoping for a break here to the down side and would then adjust stop to this last bump high. For now I'll use the 1h for trade management..

http://img210.imageshack.us/img210/295/eurchfml9.png

Plutonite, If you don't mind could you explain your objectives? ie short term trader with strict targets or small TF's.. This info would benefit as to how I would reply to your input..

thanX

Well it did not breach but I'm getting ready to go to bed and so I'm doing a stop adjustment to bump high at 1.6413 on the eurchf.. If stopped here I will at least get a little profit locked in.. I won't be trading tomorrow and so I have a few positions that will be running on auto mode..

bunton: I generally look at the H4, daily and weekly (as I usually explain in posts) and I am stick to all trades until I make a hefty profit (like the USDJPY AUDUSD and EURJPY shorts closed now) or the price action is showing signs of resistance or reversal(like the EURUSD short closed now too). "Hefty" is defined by volatility and personal mood. You do not have to respond to my views, your perspective is more than enough

All trades closed here, see you guys soon. Disgusting USDCHF chart as promised:

Looks like EURGBP is trickling lower at last. Nothing to hold your breath over, but I do believe a short is in line for an astonishing 30 pips or so right now.

Also, does anyone see the huge USDJPY buy orders on the last few hours? Very interesting stuff, no news driving it. Could set us up for some shorts on EURUSD and GBPUSD. Will wait until london.

Sorry about lack of updates - have been too busy. Great setups in the past weeks, trading was very enjoyable in november. I hope everyone has done well.


Cheers,
-A

As promised:


Keeping SL/warning levels above the top. Good luck.

It's a long time I have not seen this kind of humor

All trades above (EURUSD, GBPUSD, EURGBP) going nicely - what I normally do is close most while keeping the ones that still have potential (see AUDUSD chart) open.

With EURGBP we are in an earth shattering 23 pips of profit. Someone bring me a glass of water before I fall and hurt myself.

Finally new openings on USDJPY. It's a Buy order - the mysterious buying had stopped for a few hours and now it is starting again.

Good luck.

Kohn came to our rescue didn't he. What a week. I don't think that little burst of hope is going to send the dollar any higher this week - we are talking about a rate cut after all.

Hence the end of that trade. Now I am heavily short on GPBJPY and GBPUSD, both of which are in retracement after the fall at the sart of the month. Targeting a reasonable 225.0 on GJ. USDJPY short also possible, though riskier. Charts attached illustrate why I'm in.

PS: where the hell is everyone else (bunton..jarhead..cesar)? It's pretty sad when the news section of the forum is putting up trades and the trading room isn't.