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Mr. Trend's PA Thread

  • #81
  • Nov 28, 2007 3:55pm Nov 28, 2007 3:55pm
I am attaching two screenshots -- one of GBPUSD and one of USDJPY.

Now I had originally set my TP to 228.75, but I removed it once I saw what GBPUSD was doing...

See the BUOB? That's a big indication that cable is on its way up. And considering that cable (and GBPJPY for that matter) is still in an uptrend, this gives me a very good probability that cable will pull GBPJPY up with it. So I removed my TP and will watch PA going forward.

Do I expect a pullback in GBPJPY? Definitely. I suspect we'll see a 150-200 pip pullback to the 236 area tonight... (ask my cohort in crime, Raczekfx if he's going short on GBPJPY tonight during Asia...) But I plan to hold this thing (hopefully) for awhile.

I feel it's a good probability that we'll see a nice 750-800 pip run on GBPJPY (230-232)...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy-d-112707.jpg Size: 117 KB
Click to Enlarge Name: gbpusd-d-112707.jpg Size: 135 KB
Mr. Trend
  • #82
  • Nov 28, 2007 4:06pm Nov 28, 2007 4:06pm
Quoting skong
Mr Trend,
Hope you don't mind , I have a question for Raczekfx. I was waiting for a pull back after the top of gj's dblhc was taken out but it never looked back.
Did you take the trade in anticipation before that?

Thanks
I was long g/j since euro open yesterday and closed it after 3PM est.
G/J closed around 225.40 yesterday and then started pulling back.
I re-entered long again at 8PM EST at 224.20, which was around 38fib retrace of that daily bar. Price moved down some 60pips more and then shoot up without looking back. Yes, I anticipated strong move higher on yen crosses and traded accordingly.. hope it helps.
  • #83
  • Nov 28, 2007 4:07pm Nov 28, 2007 4:07pm
Quoting Mr Trend
...
(ask my cohort in crime, Raczekfx if he's going short on GBPJPY tonight during Asia...) But I plan to hold this thing (hopefully) for awhile.
off course I will, question is when.....
  • #84
  • Nov 28, 2007 5:06pm Nov 28, 2007 5:06pm
Quoting raczekfx
I was long g/j since euro open yesterday and closed it after 3PM est.
G/J closed around 225.40 yesterday and then started pulling back.
I re-entered long again at 8PM EST at 224.20, which was around 38fib retrace of that daily bar. Price moved down some 60pips more and then shoot up without looking back. Yes, I anticipated strong move higher on yen crosses and traded accordingly.. hope it helps.

Raczekfx,
Thank you for the detailed reply. More than I expected. Definitely helps. I'm off to some anticipation now.
  • #85
  • Nov 29, 2007 2:30am Nov 29, 2007 2:30am
out @ 227.10 +214 pips
Mr. Trend
  • #86
  • Nov 29, 2007 4:21am Nov 29, 2007 4:21am
Quoting Mr Trend
out @ 227.10 +214 pips
It happened, didn't it? The same thing I did with UJ...have a great original plan with good reasons to close out at spot X, you get there, you think huh, well, now things seem slightly different, why not allow it to do more...then things do basically what your original plan said and you waste half the profit due to not following through with it...(wasn't half on UJ, but still, you get the idea)

No? Just wanted to say that if you need a I got one

JPY's been doing so much crayyyyyyzay.
Trust price. Know yourself.
  • #87
  • Nov 29, 2007 12:48pm Nov 29, 2007 12:48pm
Quoting SeekingLight
It happened, didn't it? The same thing I did with UJ...have a great original plan with good reasons to close out at spot X, you get there, you think huh, well, now things seem slightly different, why not allow it to do more...then things do basically what your original plan said and you waste half the profit due to not following through with it...(wasn't half on UJ, but still, you get the idea)

No? Just wanted to say that if you need a I got one

JPY's been doing so much crayyyyyyzay.
Naw... no hugs needed. I'm quite happy with 200 pips. Could've made 300... but oh well. That's trading and a part of how I trade...
Mr. Trend
  • #88
  • Nov 29, 2007 7:26pm Nov 29, 2007 7:26pm
Pinbar off of resistance. I got slipped on my entry and ended up entering 10 ticks lower than I wanted.

short @ 293.50 SL 301 TP 290
Attached Image (click to enlarge)
Click to Enlarge Name: zm-d-112907.jpg Size: 226 KB
Mr. Trend
  • #89
  • Dec 1, 2007 6:11am Dec 1, 2007 6:11am
Quoting Mr Trend
Pinbar off of resistance. I got slipped on my entry and ended up entering 10 ticks lower than I wanted.

short @ 293.50 SL 301 TP 290
Hi Mr trend,
Thanks for having this journal its nice and clean.

In this post above, of the soybean, I'm wondering what charting software that is?

Thanks
Westie
  • #90
  • Dec 1, 2007 7:55am Dec 1, 2007 7:55am
Pretty sure that's Interactive Broker's TWS.
  • #91
  • Dec 1, 2007 12:18pm Dec 1, 2007 12:18pm
Yep... TWS it is.
Mr. Trend
  • #92
  • Dec 1, 2007 2:52pm Dec 1, 2007 2:52pm
cool, if you don't me asking, do you trade your fx with ib as well, or u use a different broker for fx?

westie
  • #93
  • Dec 2, 2007 10:59am Dec 2, 2007 10:59am
Quoting Westie
cool, if you don't me asking, do you trade your fx with ib as well, or u use a different broker for fx?

westie
Same. IB has a Universal Account so I can trade anything I want...
Mr. Trend
  • #94
  • Dec 3, 2007 8:10am Dec 3, 2007 8:10am
My latest trade... DBLHC... 2088 TP 2200

This position is hedged with an option... so I've limited my gains, but have shaved some risk off... which is what we all want, right?
Attached Image
Mr. Trend
  • #95
  • Dec 3, 2007 9:27am Dec 3, 2007 9:27am
Here's another trade I am expecting to be in today as soon as we open here in a few minutes...

Rough rice futures... $10 a tick per contract. Lots of money changes hands in a month on this market...

Weekly BEOB trade to resistance... risk hedged via options...

sell @ 1277 TP 1180

I hope to be doing some videos on futures education if anyone is interested...
Attached Image
Mr. Trend
  • #96
  • Dec 3, 2007 9:40am Dec 3, 2007 9:40am
Are you going to make "And now we must go back to....THE FUTURES!" your new tagline then? ;p
Trust price. Know yourself.
  • #97
  • Dec 3, 2007 10:15am Dec 3, 2007 10:15am
A day of BUOBs...

buy @ 228.20 SL 227.32 TP 229.00
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-1h-120307.jpg Size: 127 KB
Mr. Trend
  • #98
  • Dec 3, 2007 10:19am Dec 3, 2007 10:19am
I've been in this one since Friday. BUOB on Daily...

buy @ 118 5/32 TP 120

Hedged with 119 and 118 option strikes
Attached Image (click to enlarge)
Click to Enlarge Name: zb-d-120307.jpg Size: 268 KB
Mr. Trend
  • #99
  • Dec 3, 2007 11:03am Dec 3, 2007 11:03am
Wow, how many instruments do you trade?
  • #100
  • Dec 3, 2007 12:13pm Dec 3, 2007 12:13pm
Quoting libertao
Wow, how many instruments do you trade?
I probably look at around fifty different markets... I'm not married to any particular market... if there's a setup, I trade it.
Mr. Trend
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