The entry order hasn't been filled yet, has it?
Low Risk, High Reward Trading Experiment
- #2,503
- Edited Jan 5, 2007 12:00am Jan 4, 2007 5:05pm | Edited Jan 5, 2007 12:00am
- Joined Aug 2005 | Status: Trader | 2,217 Posts
Thursday January 4 at 18:00 ET
Trade Experiment #304A Sell USD/CAD at 1.1790
Stop is 1.1861
Target is 1.1300
Risk is 75 pips
Reward is 486 pips
Reward / Risk Ratio is 6.5
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade down from the top of a large trend - Wave 1 down.
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Previous trade signals:
Trade Experiment #304 Sell USD/CAD now exited
Thursday January 4 at 5:15 ET
A rethink of the wave count and other factors leads us to the view that USD/CAD is engaged in a small fourth wave correction, and could head up for one more high before reversing. We should have exited when the price dropped earlier to 1.1714
Adjust target for Trade Experiment #304 Sell USD/CAD to 1.1720
We will short USD/CAD again when / if it rises to a new high at about 1.1770
p.s. - USD/CAD fell to exactly 1.1720, then rose to 1.1775
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Previous trade experiment:
Wednesday January 3 at 16:45 ET
Trade Experiment #304 Sell USD/CAD at 1.1730
Stop is 1.1781
Target is 1.1500
Risk is 55 pips
Reward is 225 pips
Reward / Risk Ratio is 4.1:1
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade from the top of a long trend down.
Trade Experiment #304A Sell USD/CAD at 1.1790
Stop is 1.1861
Target is 1.1300
Risk is 75 pips
Reward is 486 pips
Reward / Risk Ratio is 6.5
Confidence level: good
Accuracy: good
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade down from the top of a large trend - Wave 1 down.
____________________________________________
____________________________________________
Previous trade signals:
Trade Experiment #304 Sell USD/CAD now exited
Thursday January 4 at 5:15 ET
A rethink of the wave count and other factors leads us to the view that USD/CAD is engaged in a small fourth wave correction, and could head up for one more high before reversing. We should have exited when the price dropped earlier to 1.1714
Adjust target for Trade Experiment #304 Sell USD/CAD to 1.1720
We will short USD/CAD again when / if it rises to a new high at about 1.1770
p.s. - USD/CAD fell to exactly 1.1720, then rose to 1.1775
__________________________________________________ ___
__________________________________________________ ___
Previous trade experiment:
Wednesday January 3 at 16:45 ET
Trade Experiment #304 Sell USD/CAD at 1.1730
Stop is 1.1781
Target is 1.1500
Risk is 55 pips
Reward is 225 pips
Reward / Risk Ratio is 4.1:1
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade from the top of a long trend down.
- #2,505
- Jan 4, 2007 5:22pm Jan 4, 2007 5:22pm
- Joined Aug 2005 | Status: Trader | 2,217 Posts
GBP/USD Entry Price at 1.9380 should be close to the entry range, maybe a little high.
I would place my Entry at 1.9335-1.9345 range for a more precise entry point.
This would allow you to enter at the bottom of the Low that I expect to take place after the London Open today.
If NFP is "favourable", you would be in for an upwards move of 290 pips or so.
Your Stop should be safe in that lower range, unless we come down to hit a Fibo at 1.9312 mark on the Monthly.
I will be riding with you upwards on this move.
- TheCableGuy
We will watch this pattern unfold over the next 14 hours and adjust our entry price accordingly if we get an chance.
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Current Trade Experiment:
Trade Experiment #303C Buy GBP/USD at 1.9380
Stop is 1.9324
Target is 1.9635
Risk is 60 pips
Reward is 251 pips
Reward / Risk Ratio is 4.2
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade an upwards wave 3 of an upwards Wave 5 of the very large uptrend.
- #2,508
- Edited Jan 5, 2007 7:23pm Jan 4, 2007 10:18pm | Edited Jan 5, 2007 7:23pm
- Joined Aug 2005 | Status: Trader | 2,217 Posts
- #2,509
- Jan 4, 2007 11:51pm Jan 4, 2007 11:51pm
- Joined Aug 2005 | Status: Trader | 2,217 Posts
Friday January 5 at 12:45 ET
Trade Experiment #305 Buy GBP/JPY at 228.65
Stop is 228.24
Target is 231.45
Risk is 49 pips
Reward is 271 pips
Reward / Risk Ratio is 5.5
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade the Wave B of a Wave 4 A-B-C up.
Trade Experiment #305 Buy GBP/JPY at 228.65
Stop is 228.24
Target is 231.45
Risk is 49 pips
Reward is 271 pips
Reward / Risk Ratio is 5.5
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade the Wave B of a Wave 4 A-B-C up.
- #2,510
- Jan 5, 2007 12:11am Jan 5, 2007 12:11am
WE are now at about 1.9348. Any comments on a pending upward move? Thanks.
Very true - thanks for saying this. An entry opportunity at 1.9340 for GBP/USD is quite possible, and very much preferable to entry at 1.9380.
We will watch this pattern unfold over the next 14 hours and adjust our entry price accordingly if we get an chance.
_________________________________________________
_________________________________________________
Current Trade Experiment:
Trade Experiment #303C Buy GBP/USD at 1.9380
Stop is 1.9324
Target is 1.9635
Risk is 60 pips
Reward is 251 pips
Reward / Risk Ratio is 4.2
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : fair
For research purposes only.
This is an attempt to trade an upwards wave 3 of an upwards Wave 5 of the very large uptrend.
"Loss and failure are inevitable but misery is optional"
- #2,511
- Edited 7:28pm Jan 5, 2007 12:44am | Edited 7:28pm
- Joined Aug 2005 | Status: Trader | 2,217 Posts
- #2,514
- Jan 5, 2007 4:55am Jan 5, 2007 4:55am
- Joined Aug 2005 | Status: Trader | 2,217 Posts
I am so glad you made 580 pips, Marc! I am now realising I made a basic error of logic, because it went precisely to where my wave interpretation and targetting system say it should have gone, but I didn't think it through quite correctly all the way to that realisation, because it was such a gargantuan movement.
- #2,515
- Edited 5:49am Jan 5, 2007 5:12am | Edited 5:49am
- Joined Aug 2005 | Status: Trader | 2,217 Posts
- #2,518
- Edited 6:13am Jan 5, 2007 5:55am | Edited 6:13am
- Joined Aug 2005 | Status: Trader | 2,217 Posts
- #2,520
- Edited 7:35pm Jan 5, 2007 6:25am | Edited 7:35pm
- Joined Aug 2005 | Status: Trader | 2,217 Posts
According to my theory of the market, the U.S. Non-Farm Payrolls Monthly Report will be very disappointing this month. The previous employment report from a few days ago was much worse than expected, which is an indication. ( "A shockingly poor ADP December Employment figure halved the Greenback’s overnight gains, as traders expect that the proprietary labor data may accurately predict a poor Non Farm Payroll report." ) Other US data has been poor also. The GBP/USD depreciated 400 pips over the past two days.
I believe that the money supply, interest rate and market manipulators associated with the private US Federal Reserve (which is owned by the richest men in the world - Rothschilds, Rockefellers, etc. ) including many satellite hedge funds, banks, etc., have caused the GBP and EURO to depreciate this way so that when they shoot up in the next day in response to the NFP report they won't go too high and overshoot the target the Money Masters have set for them as they regulate and control the world economy and keep it stable so that their hundreds of trillions of dollars in assets are not eroded. They know the data before it is released. They own and control all the news and data services. They control virtually everything and manipulate everything for their own interest which is preservation of the status quo and maintaining their private money and power. We are mere pawns and ignorant dupes in their game.
In summary, I believe that GBP/USD and EUR/USD will rise dramatically and USD/CAD will fall strongly. GBP/USD will likely move the most, as usual. GBP/JPY will likely rise very strongly, correcting some of the 580 pips it fell in the last 36 hours.
p.s. - my prediction of a poor NFP figure was incorrect. The GBP, etc. went down instead of up, but not a great deal. But since my trading system did not indicate an entry opportunity, I was not in the market at the time of the announcement, except for GBP/JPY and USD/CAD, which moved favorably.
The global banksters are apparently smarter than I gave them credit for, as they probably anticipated that I would expect them to move the GBP/USD market down before releasing strong employment figures, and thus they gave me the double cross by moving the market down in addition to releasing GBP bearish figures. They are so sneaky that it is getting harder and harder to predict their next move!!!!
I believe that the money supply, interest rate and market manipulators associated with the private US Federal Reserve (which is owned by the richest men in the world - Rothschilds, Rockefellers, etc. ) including many satellite hedge funds, banks, etc., have caused the GBP and EURO to depreciate this way so that when they shoot up in the next day in response to the NFP report they won't go too high and overshoot the target the Money Masters have set for them as they regulate and control the world economy and keep it stable so that their hundreds of trillions of dollars in assets are not eroded. They know the data before it is released. They own and control all the news and data services. They control virtually everything and manipulate everything for their own interest which is preservation of the status quo and maintaining their private money and power. We are mere pawns and ignorant dupes in their game.
In summary, I believe that GBP/USD and EUR/USD will rise dramatically and USD/CAD will fall strongly. GBP/USD will likely move the most, as usual. GBP/JPY will likely rise very strongly, correcting some of the 580 pips it fell in the last 36 hours.
p.s. - my prediction of a poor NFP figure was incorrect. The GBP, etc. went down instead of up, but not a great deal. But since my trading system did not indicate an entry opportunity, I was not in the market at the time of the announcement, except for GBP/JPY and USD/CAD, which moved favorably.
The global banksters are apparently smarter than I gave them credit for, as they probably anticipated that I would expect them to move the GBP/USD market down before releasing strong employment figures, and thus they gave me the double cross by moving the market down in addition to releasing GBP bearish figures. They are so sneaky that it is getting harder and harder to predict their next move!!!!