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Tiki Trader Trades

  • #261
  • Jan 20, 2008 8:35am Jan 20, 2008 8:35am
I know Raz... you are so right... I don't know why I don't do that.... so many things to remember and do... makes me feel more stupid that I always forget or don't do the obvious...

I agree not to sell yet... and notice how your 61 extention is also where my 50 fibs are...!!! I am sure that will be a tough spot...

I really don't know what I will do on CAD... probably nothing.... because I always lose on CAD... !!! Talk to you later Raz... got to go clean up the Spanish Villa... having company tonight !!!

Quoting razldazl
Tiki do you ever use fib extensions/expansions? Its a handy tool and helps to recognize good target areas or pullback areas...anyway here is my daily cad chart with fib exp, I can easily explain how to put them on if you need me to just let me know...As you can see the FE 61 (which can be a nice bounce point) comes in at around the 1.05 area, while the FE 100 comes in way up at almost 1.100, so I personally will not be selling for a while...spk soon, Raz
  • #262
  • Jan 20, 2008 9:02am Jan 20, 2008 9:02am
That beautiful weekly pin was the only time I ever made pips on CAD... I wish I had had patience enough to have stayed in it longer then I did....

All just goes to show raz how much further along you are than me... plus you've got that being a woman thing on your side too.... I know you guys are all smarter than us men !!!

Quoting razldazl
Hi Tiki,
just an example so you can see these things can really work, look at the same weekly chart and you can see where I fib exp´d the previous move down in order to identify the turnaround point ie FE 100 and look where it stopped...its kind of cool dont you think? On a weekly if you had gone long from the FE 100 you would have needed a stop of less than 150 pips, which isnt outrageous...for weekly do you think? Anyway there you go interesting stuff, speak later, Raz
  • #263
  • Jan 20, 2008 10:23am Jan 20, 2008 10:23am
You know what tiki, dont beat yourself up about taking profit too soon on that cad one, think about it ...it was countertrend, and cad is a crazy crazy pair. I have almost given up on it, I gave back all my profit on 100+ pip gain trades by hanging in there...so unless you are going with the trend (and even then you need to keep a BIG stoploss...) I would say you did the right thing...and STOP saying Im so ahead of you, hehe Raz
Never say never.
  • #264
  • Jan 20, 2008 10:52am Jan 20, 2008 10:52am
Yes, you are right... I was very happy with the CAD... but those with patience and wisdom stayed in it far longer than I... it really shows where I am at... and that is not good news...

Raz.... if you are doing all that averaging out positions and all that math stuff... you have me beat by about 2 miles... !!! Geez, I didn't even try to understand it because I have never ever even been in the position to have to worry about averaging out my entries and exits etc. etc. etc.... !!! That stuff is light years from where I am... I am still just trying to find an opportunity and then trade it with one correct stop and one correct target !!!

But no matter what... I have improved... I am + this year... it will stay that way and get more ++++s !!!

Quoting razldazl
You know what tiki, dont beat yourself up about taking profit too soon on that cad one, think about it ...it was countertrend, and cad is a crazy crazy pair. I have almost given up on it, I gave back all my profit on 100+ pip gain trades by hanging in there...so unless you are going with the trend (and even then you need to keep a BIG stoploss...) I would say you did the right thing...and STOP saying Im so ahead of you, hehe Raz
  • #265
  • Jan 20, 2008 11:50am Jan 20, 2008 11:50am
Well,
last week I made a terrible mistake on my broker, and lost a lot of money(well its a lot of money for me)...I was in a rush to go to work and the kids were asking me things and something else was happening (Im telling you sometimes I feel like I live in Grand Central Station) anyway I didnt transmit my stop order so I came home to find a large loss...shit happens and you just have to carry on but its frustrating...my daughter even made me a Do Not enter Im bizzy sign poor thing...the point is Tiki no matter how well you do or how much you progress we still get these little reminders that we are only human. Ive got too much on my plate thats a fact, I have to slow down and find a way to trade longer term. To be honest, the working out my entries and exits all beforehand will make things simpler for me in the long run, trade your plan and plan your trade and all that. I still have a very long way to go Tiki, but errors aside I am happy with my progress overall...when I look back to those trigger happy days and I see what Im doing now, well theres just no comparison. So, take it all with a grain of salt, we have all got our demons to fight, no matter what impression we give
Never say never.
  • #266
  • Jan 20, 2008 12:28pm Jan 20, 2008 12:28pm
Quoting Tiki Trader
I am still undecided on CAD.... here is another opportunity to perhaps just take a small chance and go short... we are clearly at a resistance line... One could go short here with only a small risk with stop above the resistance...

But CAD NEVER does what I think it should do....
I wouldn't. Ascending scallops tend to rise above the peak, and then consolidate, then take off... that consolidation will most likely be right at that minor resistance... probably from some sort of rectangle top, and then continue up to around 1500... it might even pullback a bit and use the last peak as a support area. That's where I'd look to enter long...
Mr. Trend
  • #267
  • Jan 20, 2008 12:31pm Jan 20, 2008 12:31pm
I kind of had begun to think something of this sort... but it all seems like a lot of work..... and I will manage to botch it all up... better just to find simpler opportunities... !!! If nothing else... time for consolidation, which just means sitting around and waiting...

Quoting Mr Trend
I wouldn't. Ascending scallops tend to rise above the peak, and then consolidate, then take off... that consolidation will most likely be right at that minor resistance... probably from some sort of rectangle top, and then continue up to around 1500... it might even pullback a bit and use the last peak as a support area. That's where I'd look to enter long...
  • #268
  • Jan 20, 2008 2:45pm Jan 20, 2008 2:45pm
Quoting Mr Trend
I wouldn't. Ascending scallops tend to rise above the peak, and then consolidate, then take off... that consolidation will most likely be right at that minor resistance... probably from some sort of rectangle top, and then continue up to around 1500... it might even pullback a bit and use the last peak as a support area. That's where I'd look to enter long...
Mr Trend,

Would you mind explaing what ascending scallop is?
  • #269
  • Jan 20, 2008 4:10pm Jan 20, 2008 4:10pm
Oanda has prices moving already.... price went back to bottom of channel and now back up to about Friday's close... Low today so far. 7567...
  • #270
  • Jan 20, 2008 8:06pm Jan 20, 2008 8:06pm
Tiki,

What do you think about EURJPY? I think it is going to go down. it has just broken the support. Overall EUR is seeming quite bearish across all of its pairs.

I am getting this very strong urge to go short in this pair and am having a very hard time trying to control that urge. I have almost pulled the trigger three times in the past 4 hrs.
  • #271
  • Jan 20, 2008 9:25pm Jan 20, 2008 9:25pm
Wait let me look

Quoting Eklavya
Tiki,

What do you think about EURJPY? I think it is going to go down. it has just broken the support. Overall EUR is seeming quite bearish across all of its pairs.

I am getting this very strong urge to go short in this pair and am having a very hard time trying to control that urge. I have almost pulled the trigger three times in the past 4 hrs.
  • #272
  • Jan 20, 2008 9:28pm Jan 20, 2008 9:28pm
Are you sure...??? it is Sunday night.... there is a big gap.... don't be rash... lets think first...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 11 KB
  • #273
  • Jan 20, 2008 9:29pm Jan 20, 2008 9:29pm
Don't impluse trade... !! that is the first way to lose... I know... I have been there...

Quoting Eklavya
Tiki,

What do you think about EURJPY? I think it is going to go down. it has just broken the support. Overall EUR is seeming quite bearish across all of its pairs.

I am getting this very strong urge to go short in this pair and am having a very hard time trying to control that urge. I have almost pulled the trigger three times in the past 4 hrs.
  • #274
  • Jan 20, 2008 9:32pm Jan 20, 2008 9:32pm
OK maybe EUR bearish.... but stopping on 62 ema.... big gap here too...

It is Sunday night... easy time to make mistakes...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.GIF Size: 11 KB
  • #275
  • Jan 20, 2008 9:34pm Jan 20, 2008 9:34pm
Better to lose no pips, than take a chance losing lots of pips....

Before you told me you don't trade NZD/USD without confirmation first... but willing to jump in quick here ???
  • #276
  • Jan 20, 2008 9:37pm Jan 20, 2008 9:37pm
Quoting Tiki Trader
OK maybe EUR bearish.... but stopping on 62 ema.... big gap here too...

It is Sunday night... easy time to make mistakes...
EURUSD had a BEOB on weekly and I4B on daily,made me think of going short, placed order already. Target is 1.43
  • #277
  • Jan 20, 2008 9:40pm Jan 20, 2008 9:40pm
And your STOP ...???

Quoting scarlet
EURUSD had a BEOB on weekly and I4B on daily,made me think of going short, placed order already. Target is 1.43
  • #278
  • Jan 20, 2008 9:42pm Jan 20, 2008 9:42pm
Quoting Tiki Trader
And your STOP ...???
1.4580, high of friday bar.
  • #279
  • Jan 20, 2008 9:43pm Jan 20, 2008 9:43pm
Your target is good... but your stop must be above the 200 ema... expect gap to close... Asian is just now getting going and london to follow... yes BEOB.... but early to trade.... Monday is retrace day...
  • #280
  • Jan 20, 2008 9:45pm Jan 20, 2008 9:45pm
You are following the rules correctly for that... but price may go back to 200 ema... keep watch... !!!

Quoting scarlet
1.4580, high of friday bar.
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